Global

November 9, 2018 @ 2:17 am By JD Alois  |  

DESICO, a company that is building a security token platform, launched its own security token offering (STO) this week. As was previously announced, DESICO is issuing the STO under EU law. Operating in both Paris and Vilnius, Lithuania, DESICO is said to be compliant with… Read More

November 8, 2018 @ 3:10 pm By Cali Haan  |  

The Venezuelan government has initiated a savings plan based on the country’s controversial new cryptocurrency, El Petro, and is somehow promising that investors will see their money appreciate or at least stay stable, Telesur reports. The scheme, however, will require interested parties to obtain one… Read More

November 8, 2018 @ 11:46 am By JD Alois  |  

The “world’s first lifestyle insurance” firm, yulife, has raised £3 million. The funding round was led by LocalGlobe with participation from leading crowdfunding platform OurCrowd and AIG. yulife is scheduled to launch in the UK this week. yulife says it wants to make British companies… Read More

November 8, 2018 @ 10:48 am By JD Alois  |  

Last month, BaFin, Germany’s security regulator, launched a public consultation on the subject of virtual currencies (or crypto). The regulator has published a draft circular regarding sector due diligence. The BaFin circular seeks a reasonable and risk-oriented approach to virtual currency. The proposed circular addresses credit, financial services, payments and e-money… Read More

November 8, 2018 @ 9:32 am By JD Alois  |  

The Blockchain Transparency Institute (BTI) has published their second exchange rankings report and according to their numbers – wash trading persists as a profound problem as crypto exchanges seek to boost their perceived relevance in the lucrative sector of crypto. According to the BTI: “many of these exchanges are… Read More

November 8, 2018 @ 8:44 am By Erin Hobey  |  

Sono Motors GmbH, a Munich-based electric car startup, is revving up to surpass the €6M milestone in its most recent Seedrs equity crowdfunding campaign. At this writing, over 645 investors have plugged in funds into this overfunding campaign, surpassing €5,984,710 for 5.15% equity offered. Electric cars… Read More

November 8, 2018 @ 2:55 am By Cali Haan  |  

A dedicated team established by the Central Bank of Isreal to consider whether the country should establish a state digital currency has determined that risks, complexities, a lack of need and a lack of globally-established standards means that Isreal will not be issuing a central bank… Read More

November 8, 2018 @ 1:14 am By JD Alois  |  

Matching what several European countries have already done, the Economic and Monetary Affairs Committee of European Parliament voted this week to boost the crowdfunding cap to € 8 million across all of the European member states. This stands in contrast to an existing proposal emanating out of… Read More

November 7, 2018 @ 7:01 pm By JD Alois  |  

Zopa, the UK’s largest consumer peer to peer lending platform, has closed on a £60 million funding round – its largest capital raise to date. This most recent funding round was partially announced back in August when Zopa reported it had raised £44 million. The new capital… Read More

November 7, 2018 @ 5:28 pm By Cali Haan  |  

Pilates, a private bank accused by murdered journalist Daphne Carauna Galizia of laundering money for Maltese politicians and foreign interests, has lost its license, Financial Times reports. The license was withdrawn last Friday by the European Central Bank (ECB), several months after Pilatus’ founder and ex-chairman Seyed… Read More

November 7, 2018 @ 2:57 pm By JD Alois  |  

The Texas State Securities Board has issued an emergency cease and desist order to two ostensible cryptocurrency miners. Yesterday, the C&Ds were placed against Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Texas Securities Commissioner Travis J. Iles issued a statement indicating the… Read More

November 7, 2018 @ 8:37 am By JD Alois  |  

Securitize has formed a new partnership with AmaZix – a community engagement platform for crypto projects. Securitize is a compliance platform for issuance and the management of digital securities on the blockchain. This new affiliation is said to “transform fundraising for blockchain startups, by making… Read More

November 7, 2018 @ 8:23 am By JD Alois  |  

Alpha Tau Medical, developer of a breakthrough alpha-radiation cancer therapy, has initiated new clinical trials evaluating the efficacy of their Alpha DaRT  or “Dіffusіng Alpha-emitters Radіatіon Therapy” with two leading medical centers in Rome, Italy. “Building on our recent successful round of $29 Million in… Read More

November 7, 2018 @ 7:26 am By JD Alois  |  

Leading European VC group, Draper Esprit, has led a £8.5 million funding round in UK crowdfunding platform Crowdcube. According to a release by the company, Draper Esprit has taken a £6 million stake in Crowdcube. The funding round also saw the participation of Balderton Capital… Read More

November 6, 2018 @ 10:53 pm By Cali Haan  |  

At least six banks in Pakistan have frozen their customers’ bank and credit cards and have suspended international remittances in the wake of news that, “almost all major Pakistani banks’ (customer data)” was hacked in recent security breaches, Geo News reports. According to Captain Mohammad… Read More

November 6, 2018 @ 10:46 pm By JD Alois  |  

This past September, Australia finally allowed “proprietary firms” to use “Crowd-Sourced Funding” (CSF) or investment crowdfunding to raise capital online. New legislation was signed into law that should help boost online capital formation in Australia. Before the change, only “unlisted public companies” were allowed to… Read More

November 6, 2018 @ 10:15 pm By Cali Haan  |  

Members of the opposition in the Marshall Islands have called for a non-confidence vote to oust the nation’s first-and-only female president, Radio New Zealand reports. The vote to oust Hilda Heine, who has previously backed a contentious plan to create a sovereign national cryptocurrency for… Read More

November 6, 2018 @ 12:13 pm By Cali Haan  |  

A woman running small crypto mining operations in the southern Iceland district of Reykjanes is using the energy her machines consume to heat storage spaces she rents from local farmers, Wired reports. Krista Hannesdóttir, a math teacher by day, started crypto mining in a former… Read More

November 6, 2018 @ 10:12 am By Erin Hobey  |  

The Billion Dollar Fund for Women was founded by Managing Partners Shelly Porges and Sarah Chen along with Co-Founders Anousheh Ansari, Nadereh Chamlou and Anu Jain to mobilize and connect venture funds with institutional and other investors to create larger pools of capital for investments… Read More

November 6, 2018 @ 7:40 am By JD Alois  |  

Artificial Intelligence (AI) is creeping into every sector of the economy. Financial services is a huge beneficiary of AI as it has the potential to provide better services at a lower cost to many more people. In the recent Autumn Budget presentation by Chancellor Philip… Read More