Global

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

November 6, 2018 @ 6:00 am By JD Alois  |  

France is positioning itself as a jurisdiction of preference for initial coin offerings (ICOs) in Europe. The government is in the midst of finalizing legislation, under the PACTE Law,  that will regulate ICOs. While several other European countries have moved forward with specific legislation designed… Read More

November 5, 2018 @ 10:26 pm By Cali Haan  |  

The Chief Secretary and the Head of the State Agency for Bulgarians Abroad  (SABA) along with an accused Serbian co-conspirator, have been detained by Bulgarian police and charged with selling EU passports for Bitcoins, Nova and The Times report. According to the Times, SABA Head Petar Haralampiev has been arrested on… Read More

November 5, 2018 @ 9:11 pm By JD Alois  |  

Abundance, a crowdfunding platform that allows investors the opportunity to earn money while making the world a better place, has hit their £1.2 million goal on Seedrs.  Abundance launched their equity offering for a 6.76 stake in the firm in October. Abundance reported that pre-registered investors… Read More

November 5, 2018 @ 7:25 pm By JD Alois  |  

LXDX, a crypto exchange that claims to operate with “military-grade security protocols,” has announced an initial Security Token Offering (STO). The Malta-based corporation will issue tokens that represent a 10% stake in the company along with dividend rights. LXDX claims to be the first digital asset… Read More

November 5, 2018 @ 6:48 pm By Cali Haan  |  

Police in Istanbul arrested 11 people last week in connection with the hacking theft of bitcoins from the cryptocurrency wallets of 14 victims, Hürriyet reports. Along with 11 suspects detained, police from the Cybercrimes Division also seized 18 mobile phones, 18 sim cards, 22 flash memory… Read More

November 5, 2018 @ 9:39 am By JD Alois  |  

Uniti, an electric car that was developed in Sweden, is planning to raise capital on Crowdcube as it expands into the United Kingdom. In 2016, Uniti sold equity on FundedByMe a valuation of €9.8 million. The following year, Uniti launched a self-crowdfunding campaign that received the backing… Read More

November 4, 2018 @ 7:28 pm By Leyla Mammadova  |  

Pete Stephens, head of the UBS blockchain team, has left to join a Fintech startup, reports the Financial News. He became Chief Information Officer and Head of  Europe, the Middle East and African team at DrumG Technologies according to his LinkedIn profile. Before joining the startup,… Read More

November 4, 2018 @ 7:02 pm By JD Alois  |  

The Pearcey Foundation has awarded Nick Molnar, co-founder and CEO of Afterpay, as the 2018 NSW ICT Entrepreneur of the Year Award winner. Afterpay is an Australian retail payments platform that is said to be one of Australia’s fastest growing Fintech companies. Deputy Premier and Minister for Small Business John Barilaro congratulated… Read More

November 3, 2018 @ 5:50 pm By JD Alois  |  

Announced during Hong Kong Fintech Week, the Securities and Futures Commission of Hong Kong issued a statement on their approach which seeks to bring both digital asset portfolio managers and distributors of these “virtual asset funds” under its regulatory purview. Additionally, SFC has released a… Read More

November 3, 2018 @ 11:29 am By Xu Gao  |  

Hong Kong Monetary Authority Launches Blockchain-based Trade Finance Platform TradeConnect The Hong Kong Monetary Authority (hereinafter referred to as the HKMA) announced on October 31st that it had launched a blockchain-based trade finance platform TradeConnect, in order to facilitate cross-border trade and related research. TradeConnect… Read More

November 2, 2018 @ 6:56 pm By JD Alois  |  

In the 2019 budget speech by the Malaysia Minister of Finance, YB Tuan Lim Guan Eng, the government introduced capital market measures designed to reinforce the role of tech in driving the economy. Lim explained: “We need to create an environment for our human talent… Read More

November 2, 2018 @ 6:20 pm By Cali Haan  |  

An extortionist has been contacting Amsterdam businesses by email threatening to shoot at or tie grenades to their storefronts if he or she is not paid a ransom of 50 000 Euros in bitcoins, NL Times reports. At least one nightclub and three coffee shops… Read More

November 2, 2018 @ 5:52 pm By JD Alois  |  

Overstock. (NASDAQ:OSTK) subsidiary Medici Land Governance has signed a Memorandum of Understanding (MOU) with the Rwanda Land Management and Use Authority (RLMUA) and the Rwanda Information Society Authority (RISA) to utilize their blockchain based land management tech. This is the second MOU that Medici has signed… Read More

November 2, 2018 @ 11:33 am By JD Alois  |  

The Governor of the Bank of England, Mark Carney, shared details of the Bank’s annual Future Forum today. The “Future Forum 2018” will have the theme of “Let’s Decide the Future of Money”. Carney, typically a vocal proponent of Fintech innovation, said: “… this is a chance… Read More

November 2, 2018 @ 8:58 am By JD Alois  |  

Securitize, a new platform facilitating security token offerings, has formed a partnership with BnkToTheFuture – an investment platform operating in Hong Kong that has hosted funding rounds for blockchain based firms such as Kraken, BitFinex, BitPay and more. BnkToTheFuture claims over $625 million in funding… Read More

November 1, 2018 @ 10:48 pm By Leyla Mammadova  |  

Customers of Leopay have been left unable to access money stuck in their accounts after the Maltese authorities froze activities at a bank co-owned by the Leopay’s founder Christo Georgiev, the Financial Times reported. Clients of the London based payments and transfer firm started filling reports… Read More

November 1, 2018 @ 10:19 pm By Cali Haan  |  

Arthur Hayes, CEO of the Hong Kong-based Bitcoin-derivatives exchange BitMEX, has told an audience in London that the bear market for Bitcoin could last another 18 months, Yahoo Finance reports. “My view is the volatility environment that exists right now could persist for another 12 to… Read More

November 1, 2018 @ 4:00 pm By JD Alois  |  

UK Unicorns Monzo, BrewDog & Revolut are Crowdcube Alumni UK’s largest investment crowdfunding platform by volume Crowdcube has now helped to raise capital for three separate unicorns aka firms that have attained a valuation of $ 1 billion or more. Crowdcube pointed to this fact… Read More

November 1, 2018 @ 1:07 pm By Cali Haan  |  

The Caribbean Examinations Council (CXC), a provider of secondary and post-secondary training and education that also manages end of program testing, began piloting a program yesterday that will host the academic records of 24 000 participants on a blockchain system. The CXC hopes the system… Read More