Global

December 10, 2018 @ 9:38 pm By JD Alois  |  

Seed stage investment company Accion Venture Lab says it has successfully exited from its investment in Fintech Aye Finance. Aye is a lender providing access to credit for Indian SMEs and micro firms. Headquartered in Gurgaon, India the company has 104 branches and claims an innovative… Read More

December 10, 2018 @ 9:21 pm By Cali Haan  |  

Members of South Korea’s Democratic, Liberal-Democratic and Right Future Party will hold their first debate on the subject of cryptocurrency exchanges today in the Korean parliament, local media outlet Hani reports. Cryptocurrency exchanges have been operating in Korea since 2013 and exchanges there are some… Read More

December 10, 2018 @ 12:29 pm By JD Alois  |  

Neufund announced its first security token offering or “equity token offering” last month. The first primary issuance of a security on blockchain is for its parent company Fifth Force GmbH. The offering commenced on November 27th. Neufund’s offering is described as providing an example of a… Read More

December 10, 2018 @ 11:49 am By JD Alois  |  

Today, UK Prime Minister Theresa May announced that the vote on her Brexit proposal, originally scheduled for tomorrow, will now be delayed. PM May stated: I have listened very carefully to what has been said, in this chamber and out of it, by members from all… Read More

December 10, 2018 @ 10:55 am By JD Alois  |  

Peer to peer lending platform Bondora says loan originations almost hit €8 million during the month of November. This follows a record-breaking month of October In November, Bondora issued €7,894,070 of new loans, just ahead of the record set for originations in the previous month of €7,802,163. Much of… Read More

December 10, 2018 @ 8:37 am By Cali Haan  |  

Poor prices and the “general decline” of crypto markets have claimed another casualty, Globes reports. This time it’s in Ra’anana, Israel, where a Bitmain development facility started in 2016 and expanded in July will be closed this week and 23 employees laid off. The facility’s… Read More

December 10, 2018 @ 7:49 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has outlined the requirements for anti-money laundering (AML) and firms seeking a Fintech license. Last week, FINMA issued the general guidelines for their Fintech license which is designed to encourage innovation in financial services by providing a streamlined approach… Read More

December 10, 2018 @ 7:36 am By JD Alois  |  

The Gibraltar Blockchain Exchange (GBX) says it will provide insurance coverage for listed digital assets. The coverage is for assets in the custody of the GBX, including both hot and cold wallets. According to a release, GBX has partnered with Gibraltar based firm Callaghan Insurance to provide… Read More

December 10, 2018 @ 7:09 am By JD Alois  |  

First crowdfunded on Seedrs in 2015, Oppo Brothers has received a buyout offer from HP Wild Holding AG that will deliver a 4.35x return for early investors, according to a note from the crowdfunding platform. Seedrs added that once EIS tax benefits are taken into consideration,… Read More

December 9, 2018 @ 9:07 pm By Samantha Hurst  |  

PumaPay announced last week it is now offering crypto-to-crypto conversion in the PumaPay Cryptocurrency Wallet. PumaPay reported that with the latest update, in addition to exchanges, PMA may now be converted right int he wallet. This process can notably be done straight in the wallet app’s Android version, with… Read More

December 9, 2018 @ 3:29 pm By JD Alois  |  

An initial coin offering (ICO) that apparently raised $158 million is running out of money, according to a recent tweet. The statement was quickly denied by Sirin Labs CEO Moshe Hogeg who claimed they only raised 205,000 ETH – currently worth about USD $20 million…. Read More

December 9, 2018 @ 1:49 pm By Cali Haan  |  

Over the past two weeks, the Israel Tax Authority has opened tax accounts for hundreds of Israelis it believes failed to report profits from cryptocurrency investing, Calcalist reports. The authority is also striking deals with Israeli crypto exchanges obliging them to report big transactions. Notices… Read More

December 9, 2018 @ 10:33 am By Cali Haan  |  

After making a fairly routine request on the 10th of November to withdraw 500 reals ($129 USD) from his cryptocurrency exchange account at Bitcambio, Kaique Nunes wondered why the exchange was making so many repeated attempts to contact him. “Earlier last month, I issued some… Read More

December 8, 2018 @ 2:29 pm By Cali Haan  |  

Steven Peikin, Co-Director of the SEC’s Division of  Enforcement, told an audience at Harvard Law School this week that, given the increasingly cross-border nature of ICO and securities fundraising, “Collaboration with international regulators and law enforcement is critical to the SEC’s civil law enforcement success.”… Read More

December 8, 2018 @ 9:52 am By JD Alois  |  

Last month, CI attended the annual LendIt Fintech Europe event which has taken place in London over the past few years – even while Brexit hangs like an ominous cloud over the European financial center. London, consistently described as the leading Fintech hub in the… Read More

December 7, 2018 @ 5:00 pm By Cali Haan  |  

Venezuela will begin selling oil using its newly-created national cryptocurrency, El Petro, in March,”…in order to expand the modalities of commercial transactions and revenues…” state media outlet Telesur reports. Venezuela is also explicitly seeking a means of sidestepping escalating rounds of US, EU and Canada-imposed… Read More

December 7, 2018 @ 10:59 am By JD Alois  |  

The Gibraltar Stock Exchange (GSX) Group has joined with a group of blockchain based companies to form the “Millbrook Accord.” This new entity seeks to “create a Verified Token Framework (VTF) to provide interoperable security token guidelines.” The Millbrook Accord was created during the Blockchain South Leadership Summit 2018… Read More

December 7, 2018 @ 9:53 am By JD Alois  |  

ICOx Innovations (TSXV and OTC: ICOX) plans to list on the Canadian TSX Venture exchange. ICOx is a company that “designs and creates blockchain economies for established companies to benefit and grow their businesses through blockchain technologies and branded cryptocurrencies.” In a release, the company… Read More

December 7, 2018 @ 8:32 am By Cali Haan  |  

The Australian Parliament passed a bill this week obliging tech firms like Google, Facebook and Apple to turn over encrypted data sought in police investigations, Reuters reports. “Let’s just make Australians safe over Christmas,” opposition Labor party leader Bill Shorten told reporters when asked about… Read More

December 6, 2018 @ 6:37 pm By Cali Haan  |  

The Third Chamber of the Supreme Court of Chile has ruled that Chilean banks had every right to abruptly stop serving the OrionX cryptocurrency exchange last spring, Emol reports. The decision has been nine months in the making. Last April, 10 Chilean banks cut services to… Read More