Global

We find crowdfunding news from around the world and share it with you here. Some content is translated by our rather worldly in-house staff.

Blockchain Holds the Key to Unlocking Gen Z’s Marketing Wishes

Gen Z: You know, the generation that dumped Facebook for Instagram, and prefers YouTube videos to cable TV. Gen-Zers were born after 1995 and are expected to represent 40% of consumers by 2020. The ‘post-millennials’ generation is growing older and marketing experts are creating new… Read More

Singapore Exchange & Monetary Authority of Singapore Move Forward on Tokenized Assets Across Different Blockchains

Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) have announced a successful blockchain pilot of “Payment (DvP) capabilities for the settlement of tokenized assets across different blockchain platforms.” The two entities have a goal of simplifying back-office operations, post-trade processes while shortening trade settlement… Read More

Venezuela to OPEC: “Petro Will Become the Digital Currency of Oil Transactions Worldwide”

Venezuela’s Minister of Petroleum says he has been invited by the Secretary-General of OPEC to propose that Venezuela’s new state-issued cryptocurrency, El Petro, become the standard unit of account in global oil markets, XinhuaNet reports. Minister Manuel Quevedo, who is also President of the Venezuelan… Read More

Fake Blockchain: Report Says EOS is not Really Blockchain but a “Distributed Homogeneous Database Management System” [u]

Last week, a report was circulating about EOS that slammed the ecosystem saying it was not even a true blockchain. There are other people in the blockchain world who would agree with at least some of the statements from the report. According to Whiteblock, the “world’s… Read More

China: WeiyangX Fintech Review

IFR of Tsinghua University Launches Global Fintech Venture Competition (2018) at the 5th World Internet Conference On November 8, the 2018 Global Fintech Venture Competition (hereinafter referred to as the “Competition”) was officially launched at the Fintech and Credit Society Construction Forum of the 5th… Read More

Marshall Islands President Hilda Heine Points Finger at China as Opponents Attempt to Oust Her Along with Her Sovereign Crypto Plan

Dr. Hilda Cathy Heine, President of the Marshall Islands, is taking some heat from her plan to convert the Marshall Island’s currency from the US dollar to their own cryptocurrency. The Blockchain based “SOV” currency was approved and signed into law back in February. The… Read More

Germany: Blockchain Industry Representatives Meet with Bundestag to Work on Common Sense Regulation

It has been a few choppy weeks in Germany for the blockchain / digital asset industry. Last month, a German court ruled that Bitcoin was not a financial instrument. The case centered around an enterprising teenager who launched a Bitcoin exchange five years ago. He was… Read More

Crypto Exchange Trade.io Announces Acquisition of FCA Regulated Primus Capital Markets

Crypto exchange and ICO service platform trade.io has announced the acquisition of Primus Capital Markets UK Ltd, an FCA regulated entity that holds an “IFPRU 125K Matched Principal License.” The strategic acquisition is said to bolster trade.io’s position in Europe. Primus will be rebranded as TIO Markets and… Read More

Ethis Wins Two Awards at Islamic Fintech Awards

Fintech Ethis, via its two online crowdfunding platforms, EthisCrowd and GlobalSadaqah, topped 135 nominees at the recent World Islamic Fintech Awards to win The Best Islamic Peer-to-Peer Finance Platform and The Best Social Impact Islamic Fintech Firm respectively. Ethis states that both platforms were established to cater… Read More

DESICO Security Token Kicks Off Public Offering

DESICO, a company that is building a security token platform, launched its own security token offering (STO) this week. As was previously announced, DESICO is issuing the STO under EU law. Operating in both Paris and Vilnius, Lithuania, DESICO is said to be compliant with… Read More

Venezuela Promises Stability or Returns on El Petro Cryptocurrency to Holders of New All-Seeing Digital IDs

The Venezuelan government has initiated a savings plan based on the country’s controversial new cryptocurrency, El Petro, and is somehow promising that investors will see their money appreciate or at least stay stable, Telesur reports. The scheme, however, will require interested parties to obtain one… Read More

Insurtech yulife Raises £3 Million with Participation from OurCrowd. Will Reward Users by Issuing “yucoin”

The “world’s first lifestyle insurance” firm, yulife, has raised £3 million. The funding round was led by LocalGlobe with participation from leading crowdfunding platform OurCrowd and AIG. yulife is scheduled to launch in the UK this week. yulife says it wants to make British companies… Read More

BaFin Consultation on Virtual Currencies Scheduled to End this Month

Last month, BaFin, Germany’s security regulator, launched a public consultation on the subject of virtual currencies (or crypto). The regulator has published a draft circular regarding sector due diligence. The BaFin circular seeks a reasonable and risk-oriented approach to virtual currency. The proposed circular addresses credit, financial services, payments and e-money… Read More

Report: Wash Trading & Lack of Transparency is a Pressing Problem for Crypto Exchanges: Bogus Volume is Rampant

The Blockchain Transparency Institute (BTI) has published their second exchange rankings report and according to their numbers – wash trading persists as a profound problem as crypto exchanges seek to boost their perceived relevance in the lucrative sector of crypto. According to the BTI: “many of these exchanges are… Read More

Electric Car Startup Sono Motors Nears €6M Funding Milestone, Overfunding on Seedrs

Sono Motors GmbH, a Munich-based electric car startup, is revving up to surpass the €6M milestone in its most recent Seedrs equity crowdfunding campaign. At this writing, over 645 investors have plugged in funds into this overfunding campaign, surpassing €5,984,710 for 5.15% equity offered. Electric cars… Read More

Isreal Will Not Issue “E-Shekel” Cryptocurrency Any Time Soon

A dedicated team established by the Central Bank of Isreal to consider whether the country should establish a state digital currency has determined that risks, complexities, a lack of need and a lack of globally-established standards means that Isreal will not be issuing a central bank… Read More

European Parliament Votes to Boost Crowdfunding Cap to € 8 Million

Matching what several European countries have already done, the Economic and Monetary Affairs Committee of European Parliament voted this week to boost the crowdfunding cap to € 8 million across all of the European member states. This stands in contrast to an existing proposal emanating out of… Read More

Future Digital Bank & P2P Lender Zopa Raises £60 Million, Plans for Expansion [u]

Zopa, the UK’s largest consumer peer to peer lending platform, has closed on a £60 million funding round – its largest capital raise to date. This most recent funding round was partially announced back in August when Zopa reported it had raised £44 million. The new capital… Read More

Malta Bank Accused of Money Laundering by Murdered Journalist Loses License

Pilates, a private bank accused by murdered journalist Daphne Carauna Galizia of laundering money for Maltese politicians and foreign interests, has lost its license, Financial Times reports. The license was withdrawn last Friday by the European Central Bank (ECB), several months after Pilatus’ founder and ex-chairman Seyed… Read More

Texas State Securities Board Issues Emergency Action Against Crypto Mining Promoters based in Canada & Australia

The Texas State Securities Board has issued an emergency cease and desist order to two ostensible cryptocurrency miners. Yesterday, the C&Ds were placed against Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Texas Securities Commissioner Travis J. Iles issued a statement indicating the… Read More

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