Global

We find Fintech news from around the world and share it with you here.

CIBC Has Frozen $28 Million of Vancouver Crypto Exchange’s Funds Since January

Vancouver-based cryptocurrency exchange QuadrigaCX has been defending itself in court for the release of $28 million dollars in customer funds frozen by the Canadian Imperial Bank of Commerce (CIBC) since January, the Globe and Mail reports. According to court documents filed by CIBC in the… Read More

Circle Launches Poloniex App for Trading, Adds Circle Research to Provide Users with Crypto Research

Fast moving Fintech Circle has launched a few new products. First, Circle has released a new mobile App for both iOS and Android for Poloniex users to be able to trade cryptocurrency anytime – anywhere. Even better, the native app is both localized and available… Read More

Deloitte & Innovate Finance Publish Report on UK FCA Fintech Sandbox

The Fintech Sandbox set up by the Financial Conduct Authority in the UK has now been in operation for the past two years. The trailblazing project has since been replicated multiple times around the world. The concept was simple: create a safe haven for Fintech… Read More

Fellow Finance IPO Oversubscribed, Fintech to Trade on Nasdaq First North Finland

Fellow Finance, a peer to peer lending platform, has announced that their initial public offering (IPO) will trade on the Nasdaq First North Finland marketplace. The offering was said to be 2.2 times over-subscribed. Fellow Finance will issue a total of 1,300,000 new shares in addition to… Read More

Downing Crowd Adds £2.5 M Bond Energy Project Raise: Here Come the Funds

Investment platform Downing Crowd has launched a ‘7-day access’ bond which will invest a further £2.5 million for renewable energy generation and reserve power company, Bagnall Energy.  More than £201,4854 has already been secured for the raise which will close on Halloween morning. “The renewable energy… Read More

UiA: Norwegian University Launches Master’s Elective Crowdfunding Lab Course

Innovation Norway and the School of Business and Law at the University of Adger (UiA) have partnered to offer a master’s course in crowdfunding. In addition to lectures and teaching, participating students will be working with real campaigns from real companies. Reportedly, more than 20 companies and… Read More

Mr & Mrs Smith Crowdfunds £6.2 Million in Less Than a Month, First Campaign to Take Advantage of UK Crowdfunding Cap Increase

Mr & Mrs Smith has closed its crowdfunding round on Crowdcube at over £6.2 million raised. The company said it ended its campaign earlier than anticipated due to investor demand. Mr & Mrs Smith is the first crowdfunding campaign in the UK to take advantage… Read More

Starling Bank to Offer Mobile Phone Insurance in New Partnership

Challenger bank Starling Bank is now offering on demand insurance for your smartphone. According to Starling, users may purchase insurance from so-sure via the Starling app marketplace. Insurtech so-sure is said to offer fast, reliable and simple mobile phone insurance in a market that is… Read More

Luxembourg based VNX Crypto Exchange Partners with NEM

VNX Exchange, a trading platform for tokenized VC assets, has partnered with NEM. Founded by CEO Alexander Tkachenko in 2017, Luxembourg-based VNX Exchange is seeking to create a regulatory-compliant marketplace to link investors and venture capitalists in search of liquidity. VNX Exchange is a member… Read More

Israel Tax Authority Comments on Cryptocurrency

Last week, the Israeli Blockchain Forum hosted a meetup with the Israeli Tax Authority (ITA). CPA Roland Am-Shalem, Senior Deputy Director General at the Authority, participated in the meetup.  The event was shared in a post by Igal Nevo, CEO of the Forum. Acc0rding to Nevo: “Roland… Read More

French AMF Updates “Blacklist” of Websites Dealing in Crypto

The Autorité des Marches Financiers (AFM) in France has updated its list of scammy websites dealing with Forex, Binary Options, Derivatives and Crypto Assets. The AMF has been publishing the Black List for quite some time and now includes cryptocurrency offerings that are not compliant… Read More

Monetary Authority of Singapore Posts Finalists for 2018 Fintech Awards

The Monetary Authority of Singapore (MAS) has announced the shortlist of finalists for their 2018 Global FinTech Hackcelerator and FinTech Awards at this year’s Singapore FinTech Festival. MAS reports that 514 different Fintech firms applied with 60 finalists, from 40 different countries, being selected. Over half… Read More

Mobile Payment Specialist CANCAN Partners With WorldFirst to Launch Alipay & WeChat Payments Across Europe

Mobile payments specialist CANCAN announced on Monday it has teamed up with international payments specialist WorldFirst to launch payments and marketing platform that enables Chinese payments methods Alipay and WeChat Pay across Europe. Founded in 2015, CANCAN enables payments and promotions globally through its omnichannel platform,… Read More

Charity: Binance to Donate All Listing Fees to Boost Blockchain for Greater Good

One of the world’s largest cryptocurrency exchanges, Binance, has announced it will now donate all listing fees to charity. In a letter from the Binance team posted on its site, the exchange stated: “Binance will make a change to our listing fee policy. Starting immediately,… Read More

Stablecoin: Dubai Offers Blockchain Payments in Partnership with Pundi X & Ebooc Fintech

Dubai will enable residents the ability to may digital payments using blockchain tech in a new partnership with Pundi X, Ebooc Fintech & Loyalty Labs LLC. XPOS devices that facilitate transactions are expected be rolled out at shopfronts in region  with provisions for an increase in coming… Read More

Equity Crowdfunding Platform Anaxago Launches Asset Management Firm Anaxago Capital

A leading French equity platform, Anaxago is launching an asset management firm, Anaxago Capital, to attract more institutional investors and ready itself to fund larger projects. With this, Anaxago expects to double its outstanding investments by 2020. We spoke with Caroline Lamaud, Co-founder and Chairman… Read More

Circle’s Acquisition of SeedInvest is Indicative of a Big Change in the Investment Crowdfunding Industry

Yesterday, the online capital formation world witnessed a tectonic shift in the investment crowdfunding industry. Circle, a fast emerging crypto focused company, acquired leading US based investment crowdfunding platform SeedInvest. CI has been assured that CEO Ryan Feit will remain at the helm, along with his… Read More

Proof of Transaction: Tau Crypto Exchange Expects to Launch with Almost 32,000 Accounts

TAU Exchange (TAU-X), a new entrant into the increasingly crowded cryptocurrency marketplace, says it is scheduled to launch on October 18th with around 32,000 accounts (or wallets) due to “an overwhelming amount of interest from the public.” TAU Exchange says that it will not use… Read More

Seven More Russians Indicted in US for Alleged Crypto-Funded Spying

Seven more Russian spies have been indicted in the US, charged with multiple counts of attacking industrial, sports, anti-doping and anti-chemical weapons organizations across the world. The personal records of rival athletes were also targeted. Prosecutors in the Western District of Pennsylvania also claim the… Read More

P2P: Bondora Reports Record Month for Loan Originations

Bondora, a peer to peer lending platform based in Estonia, has reported a record number of loan originations for September. According to a short note from the P2P lender, Bondora saw originations rise to € 5,527,855 in September – a 4.7% increase versus the prior… Read More

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