Global

September 17, 2018 @ 7:53 am By Cali Haan  |  

Costs presently outweigh benefits, and so the European Central Bank (ECB), “has no plans to issue a central bank digital currency,” at this time, though it is investigating the matter, says ECB president, Mario Draghi. Draghi made the comments in a September 12th letter responding… Read More

September 17, 2018 @ 7:30 am By JD Alois  |  

LendInvest, a leading online property finance platform, has closed on a $39.5 million Series C funding round that is comprised of both debt and equity. The funding has been in process throughout the summer and is viewed as positioning the UK based company for an… Read More

September 16, 2018 @ 8:45 pm By Steven McClurg and Katie Talati  |  

Bitcoin Cash Basics Bitcoin Cash was born in August 2017 as the result of a hard fork from the Bitcoin network. Discussions began in early 2017 among the Bitcoin community to rollout the SegWit update which would allow scaling of the blockchain. However, a subset… Read More

September 16, 2018 @ 12:54 pm By JD Alois  |  

ITsMine, a cybersecurity company has been named one of the top 10  most innovative cybersecurity startups at China’s 2018 ISC Conference. ITsMine is a part of the  OurCrowd Labs/02, seed stage incubator portfolio, which focuses on cutting-edge tech in areas including AI, deep learning, autonomous transportation… Read More

September 16, 2018 @ 9:36 am By Cali Haan  |  

Malware leaked from the NSA’s tool chest over a year ago is now being used to mine cryptocurrencies secretly on infected Windows systems, TechCrunch reports, and worse attacks could follow if enterprises and governments don’t patch the vulnerability. The problem began in April 2017, when… Read More

September 15, 2018 @ 7:00 pm By Xu Gao  |  

Beijing Launches Internet Court, Accepting and Hearing Cases of Online Lending On September 9, Beijing unveiled its Internet court. The court, located in Fengtai District, mainly accepts cases regarding the Internet and intellectual property rights, including disputes caused by online loans, online shopping contracts, and… Read More

September 14, 2018 @ 11:38 am By Gagan Singla  |  

In the last couple of years, China has emerged as the global leader when it comes to the Fintech sector. It accounts for approximately 75% of the world market when it comes to online lending. It has seen tremendous growth in internet loan and third-party… Read More

September 13, 2018 @ 10:09 pm By JD Alois  |  

Kiwi investment crowdfunding platform Snowball Effect has shared their annual update and according to the investment platform – it has been a banner year. Snowball Effect reports that it has raised more capital than any previous year and continues to grow steadily. Snowball Effect believes… Read More

September 13, 2018 @ 5:30 pm By JD Alois  |  

A Special Commission of the National Assembly in France approved a key framework today in pursuit of bespoke regulation for initial coin offerings (ICOs). This is according to a report in Les Echos that stated “Article 26” was adopted earlier today – part of the… Read More

September 13, 2018 @ 12:17 pm By JD Alois  |  

The European Crowdfunding Network (ECN) has launched a new blockchain working group, Exploring Blockchain for Alternative Finance, to identify opportunities and challenges regarding distributed ledger technology. The ECN believes that blockchain “promises to offer the potential to achieve considerable cost savings, efficiencies and resilience.” The Network… Read More

September 13, 2018 @ 9:01 am By JD Alois  |  

The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) has signed an agreement to collaborate on Fintech innovation. MAS has signed many of these types of agreements over the past several years. The CFTC is unique in the US as… Read More

September 13, 2018 @ 9:00 am By JD Alois  |  

Boston based funding manager, ILA Capital, has partnered with Switzerland based Woodman Group to launch a machine learning, marketplace lending fund. ILA said the fund has an initial commitment of $100 million. The Fund will have a short duration, high yield strategy that primarily invests… Read More

September 13, 2018 @ 8:10 am By JD Alois  |  

Edinburgh based Fintech ShareIn says it is experiencing a period of rapid growth having increased staff to a team of 24, a 100% increase over the last 12 months. The online investment software and compliance company has recently moved into the largest office in Codebase… Read More

September 13, 2018 @ 7:51 am By Erin Hobey  |  

What do Harley-Davidson, Tesla and Rip Curl have in common? Each has showcased Rayvolt bikes in their hallowed halls. From a garage brand making custom bikes, Barcelona-based Rayvolt has grown into an international brand with reportedly 50K followers on social media. Pre-valued at £9,500,000, the startup… Read More

September 13, 2018 @ 6:43 am By Erin Hobey  |  

Bloomio, a blockchain- based equity crowdfunding platform that allows investors to fund startups in return for tokenized shares, has appointed a new board of independent experts to conduct due diligence of  potential strength and scalability of startups applying to raise on the platform. The platform raised an… Read More

September 12, 2018 @ 11:14 pm By Cali Haan  |  

Ivan Semagin, Deputy Director of the Financial Market Development at the Bank of Russia, told attendees at a finance and trade conference in Vladivostok this week that the Bank of Russia’s first “sandbox” trial of an ICO (intitial coin offering) blockchain system went well technically, though… Read More

September 12, 2018 @ 3:36 pm By JD Alois  |  

The United Kingdom and Singapore held their 4th joint meeting of financial services regulators and policymakers. The meeting took place in London yesterday where officials discussed regulatory initiatives and standards of conduct in the financial sector. Both the UK and Singapore have pursued Fintech innovation… Read More

September 12, 2018 @ 3:23 pm By JD Alois  |  

Earlier today, the Parliament of Australia finally legalized the ability of “proprietary firms” to use “Crowd-Sourced Funding” (CSF) or investment crowdfunding. The change in the existing law has been a nagging concern for some time now as the previous law only allowed “unlisted public companies”… Read More

September 12, 2018 @ 11:36 am By Cali Haan  |  

Authorities in the state of Gujarat, India have been asked by representatives from Illinois and Arizona states to seize the property of Indian citizens accused of promoting Bitconnect, a “wide-ranging Ponzi scheme” that allegedly bilked investors out of an estimated $5.6 billion before it collapsed in… Read More

September 12, 2018 @ 9:29 am By Cali Haan  |  

The founder of controversial crypto exchange OKEx has been questioned by Shanghai police regarding a case of suspected ICO fraud, Sina.com reports. The supervisor of the Shanghai Weifang Xincun Police Station, Lu Jun, issued a statement claiming that Shanghai police questioned OKEx founder Winxing (Star)… Read More