Global

September 3, 2018 @ 6:58 am By JD Alois  |  

NEGTEC, the creator of the Sakura Bloom project and issuers of the Sakura Bloom Coin (SKB), has announced the launch of a donation site “Dream-Kicker.” The new site will use SKB to help promote “the introduction of cutting-edge regenerative medicine and medical equipment to hospitals,”… Read More

September 2, 2018 @ 3:02 pm By JD Alois  |  

The Enterprise Investment Scheme Association (EISA) has scheduled a series of events around the UK to share information on two very important programs:  the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS). These two programs help to incentivize investors to back early stage… Read More

September 2, 2018 @ 10:56 am By Xu Gao  |  

Xiaomi Intends to Set Up a Virtual Bank According to a report from HKEJ on August 20, the Fintech branch of Xiaomi Group – Insight Technology (Dongjian Keji)- is intending to apply for a Hong Kong virtual banking license, hoping to submit documents before the end… Read More

September 1, 2018 @ 1:28 pm By Cali Haan  |  

A Russian lawmaker, Vladimir Gutenev, told Russian news agency TASS  last week that Russia should consider ‘an asymmetric response’ to US pressure and sanctions, including deployment of nuclear weapons to Syria, suspension of missile non-proliferation treaties and development of a gold-backed cryptocurrency to help Russian… Read More

September 1, 2018 @ 8:24 am By JD Alois  |  

A note from Zopa shares the fact that UK investors placed over £290 million into the relatively new Innovative Finance ISA or IFISA. The amount put in IFISAs by investors reached £290 million during the 2017/18 tax year, which is pegged at 8 times more than… Read More

September 1, 2018 @ 8:07 am By JD Alois  |  

Paris based Younited Credit, a leading retail online lending platform in Continental Europe, has announced that it has exceeded € 200 million in outstanding loans from its Younited France fund, which provides credit to French residents. At the end of August 2018, Younited Credit had financed… Read More

August 31, 2018 @ 3:15 pm By JD Alois  |  

VNX Exchange (ie Venture Exchange) is launching a European digital asset marketplace specifically for tokenized venture capital assets. As part of its push to bring greater liquidity to the digital assets market, the Exchange has announced the addition of Dominique Valschaerts, former CEO of the Brussels Stock… Read More

August 31, 2018 @ 10:26 am By JD Alois  |  

The Reserve Bank of India (RBI) published its annual report this week and buried within the massive tome are many indications as to the banks perspective on Fintech. One item of note is the fact the RBI is currently studying the possibility of issuing a… Read More

August 30, 2018 @ 7:44 pm By Cali Haan  |  

For the past two weeks, the Brazilian government has been sending questionnaires to the country’s crypto exchanges soliciting information about their operations, Portal do Bitcoin reports. The requests for info have been being sent through the exchanges’ online contact forms, and the notices are signed by a… Read More

August 30, 2018 @ 4:39 pm By Cali Haan  |  

The agency responsible for combatting money laundering and terrorist financing in Russia is developing a software tool to help it monitor crypto transactions, particularly those done in Bitcoin, Russian BBC reports. Publicly available contract information shows that a crypto-tracking analytical software package has been ordered by the Federal… Read More

August 30, 2018 @ 1:54 pm By JD Alois  |  

UK online lender Wonga has entered into the process of administration. According to a note provided by the Financial Conduct Authority, Wonga and its affiliates have decided to pursue bankruptcy proceedings and have enlisted the assistance of Grant Thornton whois  in the process of being appointed… Read More

August 30, 2018 @ 12:52 pm By Cali Haan  |  

An Iranian politician has once again taken to state-owned media to promise the release of a government cryptocurrency to help Iran sidestep sanctions and participate freely in the global economy, Press TV reports via ISNA. The latest comments were made by the Deputy for Management and… Read More

August 30, 2018 @ 12:14 pm By Erin Hobey  |  

During the past week, Dash, a digital currency for payments and e-commerce, announced an integration with CoinCards.ca, Germany-based SugarTrends, Spain-based Bit2Me and a new DIP. Canadian-based Coincards.ca, one of the few retail gift card companies specializing in cryptocurrency as a form of payment, company allows customers to… Read More

August 30, 2018 @ 7:25 am By JD Alois  |  

UK based property crowdfunding platform Property Partner is now offering a new investment vehicle. According to a note from the company, the “online property stock exchange” is adding high yield loans to its offerings. These development finance loans are expected to deliver a net return… Read More

August 30, 2018 @ 6:48 am By JD Alois  |  

Mintos, an online marketplace for loans, has topped € 1 billion in total loans funded after three and a half years of operation. During 2018, Mintos says platform velocity has increased with €500 million invested so far. The platform expects the trajectory to continue with Mintos surpassing €2… Read More

August 29, 2018 @ 11:30 pm By JD Alois  |  

FundedByMe, a European investment crowdfunding platform, has published semi-annual numbers that indicate strong growth. According to the company, during the first 6 months of 2018, FundedByMe saw top line revenue increase by 495%. The company called the report  a “very successful first 6 months, with… Read More

August 29, 2018 @ 11:16 pm By JD Alois  |  

Yielders, a property investment platform based in the UK that is also the first FCA regulated Islamic Fintech, has closed on a pre-series A funding round. Exact terms of the deal were not revealed. The capital infusion comes at the same time that Yielders is… Read More

August 29, 2018 @ 7:45 pm By Cali Haan  |  

Following a ban on crypto promotional events in Beijing’s central business district last week, the Financial Development Bureau of Guangzhou (FDBG) has required that, “all relevant units in the district (of Guangzhou) may not undertake any form of virtual currency promotion and publicity activities,” National Business Daily… Read More

August 29, 2018 @ 1:56 pm By JD Alois  |  

As the entire world knows, the UK and continental Europe are in the midst of a nasty divorce. This pending separation has engendered massive, ongoing negotiations between London and Brussels. But what happens if there is a “no-deal Brexit?” And how would this impact financial… Read More

August 29, 2018 @ 12:32 pm By Cali Haan  |  

The Venezuelan state’s push to legitimate its new El Petro cryptocurrency now involves an order to the region’s banks that they must adopt El Petro as a unit of account. According to France 24, a resolution from the Venezuelan Sudeban banking regulator now requires, “Public and… Read More