Global

September 9, 2018 @ 8:30 pm By JD Alois  |  

Real estate crowdfunding platform zinsbaustein.de has received additional backing from the Sontowski & Partner Group. Zinsbaustein founding group FinLeap has sold its stake in the firm and is now focusing on building the recently introduced “B2B2X Fintech” platform. Investor Marc Stilke will also expand his involvement… Read More

September 9, 2018 @ 5:15 pm By JD Alois  |  

According to IBENA, a news agency in banking and economy area, which is affiliated with the Central Bank of Iran, the country has “[accepted] cryptocurrency mining as [an] industry.” Spokesperson Abolhassan Firouzabadi said the Iranian National Cyberspace Center will be leading the crypto initiative with the Central Bank, which… Read More

September 9, 2018 @ 3:13 pm By JD Alois  |  

Multiple reports have indicated that 29 firms have made the cutoff for the first batch of virtual banking licenses in Hong Kong. Announced in September 2017, the push for digital banks in Hong Kong was designed to “bring Hong Kong into a New Era of… Read More

September 8, 2018 @ 3:00 pm By Xu Gao  |  

The PBOC Sets Up a Financial Technology Company in Shenzhen On September 5th, the Digital Money Research Institute of People’s Bank of China established “Shenzhen Financial Technology Co., Ltd.” in Shenzhen. People familiar with the project said the company was involved in the development of… Read More

September 8, 2018 @ 12:29 pm By JD Alois  |  

TransferTo, a cross-border mobile payments network that topped $800 million in the first six months of this year, has invested in blockchain firm OXIO. According to a release, OXIO operates a mobile internet exchange and uses blockchain technologies to power fast and affordable mobile internet access… Read More

September 7, 2018 @ 11:32 am By Samantha Hurst  |  

PayPal announced earlier this week it recently surpassed 250 million in the total number of active accounts on its global payments platform. The payments giant reported that this is a very important milestone for its company, and a key marker on its journey to fulfill its… Read More

September 7, 2018 @ 9:10 am By JD Alois  |  

According to Electroneum, more than one million people have now downloaded their mobile cryptocurrency mining app on the Google Play store. Electroneum says their app enables users to mine and transfer its digital currency, ETN, through their phones Electroneum says it is one of only 25,271… Read More

September 7, 2018 @ 8:49 am By JD Alois  |  

Prospa, a leading online lender to SMEs in Australia, has shared that it has satisfied the a review by the Australian Securities and Investments Commission (ASIC) in relation to Prospa’s small-business contract terms. This past June, Prospa received a letter from ASIC requesting information as… Read More

September 7, 2018 @ 8:06 am By JD Alois  |  

COMPEON, a full-service commercial financing provider that connects businesses to both traditional banks and Fintechs, has created a new “digital link” with online lender iwoca to provide access to speedier loans. COMPEON, based in Düsseldorf, says this steps up the existing partnership between the finance portal… Read More

September 6, 2018 @ 10:09 pm By Cali Haan  |  

The Financial Services and Markets Authority of Belgium (FSMA) says it has been continuing to receive complaints from investors swindled by fake cryptocurrency platforms and is therefore reiterating its warnings to consumers: “Cryptocurrencies are the hype of the year. Fraudsters are well aware of that,… Read More

September 6, 2018 @ 7:00 pm By Alexander Dunaev  |  

Wonga enjoyed a meteoric rise to fame. The company achieved £300 million of revenue in 2012, just six years after it was founded. Managing growth of this nature is enormously challenging and one doesn’t need to look far to spot similar issues at other warp… Read More

September 6, 2018 @ 3:16 pm By Cali Haan  |  

The CEO of Bitfury, the second-largest crypto mining and hardware company in the world, told Bloomberg that it is, “still profitable and…bullish on Bitcoin in the long-term,” in part thanks to a high-tech  liquid-cooling system installed at its Georgian crypto mine. Bitfury recently re-acquired its… Read More

September 6, 2018 @ 2:30 pm By JD Alois  |  

Smart Valor has gained regulatory approval to operate as a financial intermediary in Switzerland from theSwiss Financial Market Supervisory Authority (FINMA). According to multiple reports, Smart Valor will add an investment platform to its current services of operating as an incubator in Zug, Switzerland.  As… Read More

September 6, 2018 @ 12:42 pm By JD Alois  |  

BANQ, an online investment platform and part of Tripoint Global Equities, has listed its first security token offering (STO). According to BANQ, Horizon Globex GmbH in Switzerland is issuing VOX security tokens as part of its Talketh crypto payments and communication service. The VOX tokens… Read More

September 6, 2018 @ 10:55 am By Cali Haan  |  

An Australian company selling a crypto-exchange “loyalty token” ICO (initial coin offering) has stated to Australian securities regulators that it is confident its offering is not a security under Australian law. Byte Power Group (BPG), “a diversified technology solutions group with a particular emphasis on securing Asian… Read More

September 6, 2018 @ 10:33 am By JD Alois  |  

WOM Token or “Word of Mouth” has received an investment from Advanced Blockchain AG for an undisclosed amount of funds. WOM Token Ltd. is said to be building a blockchain-based protocol that gives brands, content creators, and social networks a method to monetize word-of-mouth recommendations… Read More

September 6, 2018 @ 8:48 am By JD Alois  |  

The UK government is organizing its next Fintech Mission – this time to Austria and Switzerland – scheduled to take place the 23-24 of January 2019. Following along the lines of previous Fintech Missions, DIT will be arranging meetings between aspiring Fintechs and banks, VCs,… Read More

September 6, 2018 @ 8:30 am By JD Alois  |  

Having previously announced support for British Pounds, Coinbase has announced it will introduce new trading pairs for Coinbase Pro. Beginning this Friday, Coinbase will offer exchanges in: ETH–GBP, ETC–GBP, LTC–GBP and BCH–GBP. Coinbase already supports Bitcoin to Pounds. Trading pairs will be launched in stages –… Read More

September 6, 2018 @ 7:23 am By Erin Hobey  |  

Last December distributed ledger technology was presented to and approved by the Council of Ministers in France with the caveat that Blockchain may not be used for listed securities as this sector is governed by EU law. The aim was to improve the industry’s transparency, authentication… Read More

September 6, 2018 @ 6:27 am By Erin Hobey  |  

RocketShoes has made a timely back-to-school announcement that its app will utilize blockchain and distributed ledger technology extension ProximaX to power its advanced education platform, a collaboration which seeks to confirm the relevance of ProximaX’s blockchain technology serving industries beyond fintech. “We’re working with leading… Read More