Global

August 9, 2018 @ 10:39 pm By Samantha Hurst  |  

Coinaphoto, a Dublin /Dubai-based photography marketplace, has launched an equity crowdfunding campaign on Crowdcube, seeking £500,000 in funding for growth and expansion of its platform. Founded in 2015, Coinaphoto explained it has built a global community of over 200,000 contributors and features 55 million images. The rewards-based… Read More

August 9, 2018 @ 1:51 pm By JD Alois  |  

BitMEX (Bitcoin Mercantile Exchange), has announced two new crypto based trading products. ETHUSD perpetual swaps, and UPs and DOWNs, the company’s first call and put options. Just like more traditional securities  markets, derivative security products are quickly becoming ubiquitous. And why not? Derivatives can help with… Read More

August 9, 2018 @ 12:46 pm By Cali Haan  |  

Russian independent news publication Interfax has reported that the owner of a small newspaper in Tatarstan, a state in the Russian southwest, has been fined for carrying a cryptocurrency mining and investment advertisement. The Eleventh Arbitration Court of Appeal confirmed a prior decision to fine Unity Nizhnekamsk… Read More

August 9, 2018 @ 10:08 am By Cali Haan  |  

Two defendants in a class action suit against the beleaguered but rich blockchain project Tezos have been exempted by a judge, though the case will proceed against the Tezos Foundation and DLS. The decision by California Northern District Judge Richard Seeborg was filed yesterday in… Read More

August 9, 2018 @ 9:54 am By Samantha Hurst  |  

Online lending platform OnDeck (NYSE: ONDK) announced on Wednesday it closed a $175 million asset-backed revolving credit facility that consisted of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, as well as funds managed by affiliates of Ares Management L.P. (NYSE: ARES). According to OnDeck,… Read More

August 9, 2018 @ 8:56 am By Samantha Hurst  |  

India-based mobile wallet service provider Paytm announced on Wednesday it has acquired management startup Balance.Tech. Founded in 2010, Paytm claims to be India’s largest mobile payment and commerce platform. It offers a full marketplace for consumers through its mobile apps. The company’s investors include investors include… Read More

August 9, 2018 @ 6:40 am By Erin Hobey  |  

Nova Credit, started as a Stanford graduate research project in 2015, has quickly gained ground as a cross-border credit reporting agency aiming to solve the problem of credit access for immigrants and underbanked.  The platform will begin serving immigrants from South America through partnering with the Brazilian credit bureau… Read More

August 8, 2018 @ 11:51 pm By Cali Haan  |  

The latest cybersecurity report from Accenture says that, “nation-state-sponsored cyberattacks (emanating from Iran have) grown, and this is likely to continue.” The report also claims that Iranian hackers are becoming more adept at cyberattacks involving cryptocurrencies, including mining malware attacks (where hackers create “botnets” of… Read More

August 8, 2018 @ 4:24 pm By JD Alois  |  

ORCA Alliance is reporting that its initial coin offering (ICO) easily raised its $1.5 million target in just 50 hours. The Latvia based Fintech is building an “Open Banking” platform seeks to enable digital banking that is crypto friendly. In June, Orca reported it took… Read More

August 7, 2018 @ 1:30 pm By JD Alois  |  

Klook, short for “Keep Looking,” has raised $200 million in a Series D funding round led by big name global VCs. Klook is a travel activity and services booking firm that is reportedly on track to generate over $1 billion in bookings during 2018. The… Read More

August 7, 2018 @ 10:09 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has initiated a new consultation that is going beyond the UK borders when it comes to Fintech innovation. Announced today, the FCA has created the Global Financial Innovation Network (GFIN). The multinational group includes regulatory agencies from the US,… Read More

August 6, 2018 @ 9:13 pm By Cali Haan  |  

Proponents like Twitter and Square CEO Jack Dorsey, Apple Co-Founder Steve Wozniak and former Wall Street analyst Tone Vays envision a world united by single digital currency: Bitcoin. But a new report from UBS, Switzerlands’s largest banking conglomerate, suggests that Bitcoin has a long way… Read More

August 6, 2018 @ 10:34 am By JD Alois  |  

Last Friday, OKEx blogged about a failed whale that posted a huge long position on Bitcoin. The unnamed whale booked an order for 4,168,515 contracts. The Hong Kong digital asset exchange explained the predicament and ensuing action: “The client with user ID 2051247 initiated an… Read More

August 6, 2018 @ 9:59 am By JD Alois  |  

Peer to peer lender Zopa is now helping commuters pay for their travelcard in the UK. In a brief note last week, the UK’s largest consumer online lender announced that it has partnered with CommuterClub to provide loans for annual season tickets. The value for… Read More

August 6, 2018 @ 8:28 am By JD Alois  |  

OurCrowd, one of the largest equity crowdfunding platforms in the world, has been named the most active venture capital investor in Israel. The accolade comes courtesy of Seattle-based market research company PitchBook Data. PitchBook reviewed the number of VC deals in Israel since 2016 and… Read More

August 6, 2018 @ 1:00 am By JD Alois  |  

OurCrowd Labs/02, a  seed stage incubator and part of Israel based crowdfunding platform OurCrowd, has formed a new partnership with two leading venture capital firms in South Korea: Yozma Group Korea and DTNI. The dual Memoranda of Understandings (MOUs) were signed in early July 2018,… Read More

August 5, 2018 @ 9:04 pm By JD Alois  |  

Prospa, a leading online lender to small businesses in Australia, has been named a Best Employer in the AON Hewitt Best Employers program for the second year running. Prospa has scaled from startup to medium-sized high-growth business, while maintaining a culture that “nurtures talent, fosters… Read More

August 5, 2018 @ 10:36 am By JD Alois  |  

KPMG has published their Pulse of Fintech report highlighting global Fintech activity for the first half of 2018. According to KPMG, global investment in Fintech is going gangbusters as “Fintech market activity worldwide gained momentum during the first half of the year as the geographic… Read More

August 5, 2018 @ 9:15 am By JD Alois  |  

Coinbase users in the UK can now swap British Pounds (GBP) for crypto, according to Coinbase UK CEO Zeeshan Feroz.  This applies to Coinbase Pro users and Coinbase Prime (institutions) customers as well, thus enabling faster payments with same day deposits and withdrawals from Coinbase… Read More

August 3, 2018 @ 1:07 pm By JD Alois  |  

Bpifrance, a French public investment bank, is looking to support initial coin offerings. According to a report in Les Echos, the leading French business newspaper, Bpifrance wants to be ready to support “cryptomonnaies” before the Pact law goes into effect. It was announced earlier this… Read More