Global

December 6, 2018 @ 6:33 pm By JD Alois  |  

Several weeks back, CI covered the draft legislation for pan-European crowdfunding rules from the European Parliament. At that time, initial coin offerings (ICO) were part of the possible legislation. Crowdfunding is part of the European Union Fintech Action plan that directly aligns with the Capital… Read More

December 6, 2018 @ 2:49 pm By Cali Haan  |  

Security researchers from the Imperial College of London say cryptocurrency pump-and-dump schemes are creating at least $7 million a month in fake volume, money presumably scalped from crypto traders not in the loop, Technology Review reports. On November 14th, for example, researchers Jiahua Xu and Benjamin… Read More

December 6, 2018 @ 10:14 am By JD Alois  |  

Security token issuance platform Neufund has announced a new partnership with Ledger, a crypto wallet and secure custody platform for digital assets. Ledger’s solutions are already incorporated into Neufund’s platform and this new agreement builds on previous collaboration, which created a special edition of the Ledger Nano S… Read More

December 6, 2018 @ 9:20 am By JD Alois  |  

Investment Crowdfunding Success. Global crowdfunding platform FundedByMe is out with a note commenting on the rise of Uniti. Uniti is an electric car manufacturer startup that started in Sweden. Uniti first launched in 2015, is the creation of entrepreneur Lewis Horne.  Uniti is an electric city… Read More

December 6, 2018 @ 3:48 am By Erin Hobey  |  

The German IoT platform Ameria has returned to Companisto for its third crowdfunding raise and this run is surely the most successful to date.  Having already raised €3,941,900+ from more than 127 investors toward its €5.5M goal, Ameria provides Connected Experience®, a worldwide unique, highly scalable cloud platform… Read More

December 6, 2018 @ 2:18 am By Erin Hobey  |  

HyperSciences, a creator of innovative technology that has the potential to access geothermal energy, speed up infrastructure projects, and make energy drilling safer and faster, is now overfunding on Crowdcube.  The US company has raised over £3,168,950 for 13.87% equity from more than 138 investors… Read More

December 5, 2018 @ 1:40 pm By JD Alois  |  

Most innovation occurs in smaller businesses and most job creation takes place within these small firms. This is a truism for all developed countries and in recent years governments around the world have sought to foster an innovation-driven economy. The European Union (Brexit aside) is… Read More

December 5, 2018 @ 10:18 am By JD Alois  |  

Monzo, an emerging heavy-weight in the hot digital banking sector, has shared that 36,006 individuals crowdfunded £20 million in just 2 days, 2 hours and 45 minutes. The offer was hosted on Crowdcube and received intense interest as competition in the UK banking sector heats… Read More

December 5, 2018 @ 9:58 am By JD Alois  |  

Zopa to Offer “Feel Good Money” Digital Bank Peer to peer lender Zopa has received authorization from both the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to operate its much anticipated digital challenger bank. Initially, Zopa will operate with a bank license… Read More

December 5, 2018 @ 7:39 am By JD Alois  |  

The Competition and Markets Authority (CMA) has decided to launch an in-depth investigation into the acquisition of Sweden based iZettle by PayPal. As CI previously reported, the CMA stated that PayPal could face insufficient competition in the UK after acquiring its market-leading rival iZettle. PayPal… Read More

December 5, 2018 @ 6:45 am By JD Alois  |  

Peer to peer property lender CrowdProperty is now disclosing their performance metrics using Brismo’s (formerly known as AltFi) standardized reporting methodology. CrowdPropert states that it is the first property development platform to incorporate the Brismo process which is described as an independent standard. Commenting on the… Read More

December 5, 2018 @ 1:15 am By Cali Haan  |  

A South African Bitcoin trader is recovering in intensive care following his abduction and torture by bandits who allegedly robbed him of almost $66 000 USD in Bitcoin and cash. According to Soweto Urban, the man agreed to do a talk on cryptocurrency for a… Read More

December 4, 2018 @ 5:40 pm By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has published their guidelines pertaining to a new Fintech license. which will be available beginning in 2019. FINMA will be issuing and regulating accepted Fintech companies. The goal of the new licensing structure is to boost Fintech innovation by… Read More

December 4, 2018 @ 2:49 pm By JD Alois  |  

Crowdcube, the UK’s largest investment crowdfunding platform, has announced a new service, “Thrive for Fintech.” Crowdcube explains that Thrive is a “series of support programmes for companies raising on Crowdcube, where [they] partner with leading VCs, and top-tier law and accounting firms to help companies… Read More

December 4, 2018 @ 7:49 am By JD Alois  |  

Seeking to create a united voice for the fast-moving blockchain industry, four prominent blockchain firms have joined together to create a new advocacy association, “Blockchain for Europe.” The new association hosted a policy summit last week that brought together industry stakeholders alongside the four largest… Read More

December 4, 2018 @ 7:25 am By Erin Hobey  |  

According to Tandem Bank, nearly three quarters of its Journey Card customers are building or rebuilding their lives with credit using the product. 72% of customers for Tandem’s latest card product are either entirely new to credit, re-engaging it, or had trouble in the past… Read More

December 4, 2018 @ 1:00 am By JD Alois  |  

Global investment platform OurCrowd has announced it will host its 5th annual Global Investor Summit this coming March in Jerusalem, Israel. The event expects attendee registration to top 15,000 making it the largest investment crowdfunding conference in the world. The theme for 2019 will be… Read More

December 3, 2018 @ 9:17 pm By Cali Haan  |  

At the end of a long speech about cultivating an honest and effective wealth management industry in China’s political and financial capital, Beijing, Huo Xuewen, nixed the idea ICOs (initial coin offerings) will be allowed to quickly morph into security tokens (STOs) anytime soon. According… Read More

December 3, 2018 @ 12:26 pm By JD Alois  |  

Chilango, a chain of “quick service” Mexican restaurants is extending their minibond offer beyond their originally announced December 2nd deadline. According to Chilango, the Burrito Bond 2, which kicked off in October, will be extended into 2019. Currently, Chilango is reporting that £2.4 million has… Read More

December 3, 2018 @ 10:38 am By JD Alois  |  

Former Prime Minister of Israel Ehud Barak is not a fan of cryptocurrencies.  According to a report in Globes, Barak considers crypto and Bitcoin one big Ponzi Scam. Barak served as the tenth Prime Minister from 1999 to 2001 and was the leader of the… Read More