Global

We find Fintech news from around the world and share it with you here.

Gibraltar Blockchain Exchange Lists Multiple Stablecoins, PAX, DAI, TUSD, USD Coin, and GUSD to Trade this Week

The Gibraltar Blockchain Exchange (GBX), a regulated digital asset exchange, has added five stablecoins to the Digital Asset Exchange (GBX-DAX). These include: Paxos (PAX), Maker (DAI), TrustToken (TUSD), USD Coin (USDC), and Gemini dollar (GUSD) will be trading on the GBX-DAX from Wednesday, March 13th…. Read More

Peer to Peer Lender Folk2Folk Revamps to Boost SME Lending

Peer to peer lending platform Folk2Folk has relaunched their entire product line. Folk2Folk is a unique online lender as it targets localized loans and has a strategic local presence across the UK. Folk2Folk explained the changes in a release where management said the range of… Read More

NEM.io Foundation Sticks to Transparency Promise: Releases Progress Update

Alex Tinsman

In February the NEM.io Foundation decided to opt for transparency and to “reboot” its operating structure after checking the books and seeing “little to no accountability for funds.” Under the guidance of newly elected president Alex Tinsman, this week the Foundation has made good on its… Read More

OurCrowd Leads When it Comes to Online Capital Formation for Promising Young Firms

OurCrowd is the largest securities crowdfunding platform for early-stage firms in the world. Last week, OurCrowd held its annual Summit in Israel. The Summit was host to over 18,000 participants, from 187 different countries, making it the largest event of its kind in the world…. Read More

OneCoin: Huge Crypto Ponzi Perp Konstantin Ignatov is Arrested in LA as Feds Close In. “If It Sounds Too Good to Be True, It Probably Is”

On Friday, the Manhattan U.S. Attorney, part of the Department of Justice, issued a statement regarding ongoing Ponzi scam OneCoin stating that alleged perpetrator Konstantin Ignatov had been arrested at the Los Angeles airport. Ignatov was hit with charges of wire fraud conspiracy regarding the… Read More

Malta Financial Services Authority Partners with CipherTrace to Guard Against Crypto Fraud, Money Laundering

The Malta Financial Services Authority (MFSA) has enlisted CipherTrace Compliance Monitoring to better manage operational risks regarding digital assets. The MFSA is implementing the CipherTrace tool which is designed to continuously rate the risks of cryptocurrency businesses to protect consumers, investors, and business partners. The… Read More

Ledger Hammers Crypto Wallet Maker Trezor as Having Multiple Vulnerabilities, One “Cannot be Patched”

Cryptocurrency tech and wallet creator Ledger has hammered competitor Trezor in a blog post today. Ledger operates an internal team of friendly hackers to test their software/hardware – as well as their competitors. The Ledger Donjon, described as a “world class security team” based in… Read More

CFTC Slams Offshore Crypto Trading Platform 1pool Ltd and CEO with $990,000 Penalty for Bitcoin Transactions

The Commodity Futures Trading Commission (CFTC) has hit Marshall Islands-registered 1pool Ltd and its CEO and owner Patrick Brunner with a $990,000 penalty for illegally offering retail commodity transactions that were margined in Bitcoin. Additionally, the CFTC sited the failure of the company to register… Read More

ING Fintech Village: 121 Apply, 7 Are Selected

ING Belgium and Netherlands accelerator program Fintech Village has announced their newest round of participants. According to ING, 121 Fintech startups applied but only 7 were selected. ING states that it wanted to address businesses that were more mature, more likely to offer innovations that… Read More

Revolut Responds to Compliance Questions, The Telegraph Issues a Correction Regarding their Claims

Digital challenger bank Revolut has received an apology of sorts as the Telegraph has issued a correction regarding an article where the broadsheet made allegations regarding compliance challenges. Crowdfund Insider referenced the Telegraph’s report in an article here. The Telegraph’s correction stated they had “wrongly… Read More

Property Crowdfunding Platform CapitalRise Seeks £1.5 Million on Seedrs, Easily Tops Initial Target

CapitalRise, a property crowdfunding platform, is raising growth capital on Seedrs. The just recently launched campaign has quickly topped its initial goal of raise £1.5 million for 8.57% equity in the company. Today, 307 individual investors have participated in the offer that has a pre-money… Read More

Crowd2Fund Looks to the Global Financial Innovation Network Markets for Expansion

Crowd2Fund, a UK based investment platform, is targeting the Global Financial Innovation Network (GFIN) markets for expansion. In late 2018, the UK Financial Conduct Authority (FCA) ratcheted up their innovation focus by launching GFIN as it sought to target the larger challenges of cross border… Read More

Heard at Tel Aviv Fintech Week

Last week was a big one for Fintech and Israel. At the beginning of the week, the annual Tel Aviv Fintech Week event took place. Tel Aviv Fintech is a three-day affair that started with blockchain and ended with women in Fintech. On Thursday, the… Read More

Dutch Bitcoin Trader Tortured in “Brutal” Home Invasion

The phenomenon of “rubber hose decryption” robbery took a harrowing turn recently when criminals disguised as police entered the home of a Dutch Bitcoin trader and allegedly tortured him in front of his 4-year-old daughter, The Independent reports. The attack reportedly took place in the… Read More

Blockchain Forensics Firm Chainalysis Clarifies Data Use in Wake of Coinbase/ Neutrino Controversy

Blockchain forensics firm Chainalysis has blogged to address possible concerns that its services could be being used to violate crypto users’ privacy. The company’s statement comes after controversy erupted last week when it was revealed that Coinbase, a large American crypto trading platform, had acquired… Read More

British Bank Awards: Starling Wins Best Bank, Zopa Recognized as Best Personal Loan Provider

The British Bank Awards, an event that aspires to be the “Oscars of the banking world,” has revealed their 2019 winners. Now in its fifth year of operation, the British Bank Awards are run by Smart Money People a review and insight platform for financial… Read More

VaultTel Selling New SIM-Card Crypto Hardware Wallet

“Consumer Spy Tech” and nano-tech enthusiasts may be pleased to hear that an American company called VaultTel has created a cryptocurrency hardware wallet that is accessed via one’s cellphone SIM-tray. Once inserted in a phone, the device, called the “VaultTel Intellichip card,” communicates with an… Read More

FundedByMe is Now a Publicly Traded Crowdfunding Company

FundedByMe, a global investment crowdfunding platform, is now a publicly traded company. As anticipated, shares in FundedByMe traded today for the first time on the NGM Nordic MTF AB. The company’s A shares (FBM MTF A) and B shares (FBM MTF B) are now available… Read More

Russian Human Rights Commissioner Asks UN to Help Accused Bitcoin Launderer to Return to Russia

TASS is reporting this week that Russia’s Commissioner for Human Rights, Tatyana Moskalkova, has asked the UN High Commissioner for Human Rights, Michelle Bachelet, “to facilitate the extradition of Russian Alexander Vinnik from Greece to Russia.” Vinnik has been being held by Greek authorities since… Read More

UK Financial Conduct Authority Issues Consumer Warning Against Bulgarian “Next Coin Market”

The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning against a Bulgarian firm, “…claiming to be an FCA-authorised firm offering cryptocurrencies to UK consumers.” The FSA says the company is illegal and has been soliciting UK investors via email containing various… Read More

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