Opinion

Editorial opinions and perspective on Fintech.

56% of Cryptocurrency Startups Gone in Four Months

A study of the Twitter activity of 2,390 ICOs (initial coin offerings) has found that, four months after completing their initial token sales (ICOs), only 44.2% of crypto firms are still in business. [clickToTweet tweet=”Four months after completing their initial token sales, only 44.2% of… Read More

While Most Go Bust, are Successful ICOs Underpriced?

ICOs (Initial Coin Offering) have established themselves in the last year as an effective tool to finance technological start-ups, generally linked to the digital world: from January 2017 to May 2018 about 12 billion dollars were collected issuing tokens. As with more traditional equity offerings,… Read More

Securities Token Roundtable Meets to Upgrade ERC20 Smart Contracts for Blockchain based Security Token Offerings

The flight to Barbados isn’t a short one.  I left home at 5am and didn’t get into Barbados until after midnight thanks to a minor delay caused by inclement weather surrounding Miami.  I heard that it’ll take roughly 35 hours for another person who’s coming… Read More

Attorney Steven Gatti: “FINRA’s Digital Assets Notice is Sweeping in its Coverage and Raises Important Considerations”

Recently, the Financial Industry Regulatory Authority (FINRA) – the self regulatory organization (SRO) that oversees broker dealers and other financial firms – issued a “Regulatory Notice” on digital assets. Digital assets, as defined by FINRA, include just about anything associated with blockchain including digital assets that… Read More

Exclusive! hack.summit() & HackVCEd Founder Ed Roman Discusses Central Blockchain Issues

Venture capital firm Hack VC is in the midst of its bi-annual event, hack.summit(), a gathering and hackathon of some of the world’s key technical leaders in blockchain. Now live and held virtually until 11 July 2018, this year’s hack.summit() theme is blockchain, with headline speakers… Read More

Ontario Securities Commission “Doesn’t Really Know What’s Going On” in Blockchain Fintech, Says Lawyer

The Ontario Securities Commission’s (OSC’s) “Statement of Priorities for the Financial Year to End March 31st, 2018,” provides little guidance to Ontario companies trying to advance blockchain-based financial technologies, says Toronto-based blockchain lawyer Amy ter Haar. T Though the report restates the commission’s commitment to protecting… Read More

Lauded Economist and Central Banker Agustín Carstens Urges Trade Cooperation, Calls Cryptos “Psuedocurrencies”

Money, “brings the best out of every individual..(and) makes the machinery work…” says famed Mexican economist and General Manager of the Bank for International Settlements (BIS), Agustín Carstens, but “the system is fragile” to interest rate and trade gyrations, and young people must stop printing from nothing in… Read More

New Global Fintech Hub Report Puts China at Top, Silicon Valley in 2nd Place

In recent years most Fintech Hub reports have pegged the UK, and more specifically London, at the top of the list when it comes to ranking Fintech centers of excellence. The UK has been widely lauded due to various characteristics but always included in these… Read More

US Secretary of Commerce Wilbur Ross & UK Trade Secretary Dr. Liam Fox Meet to Strengthen Trade in Advance of Brexit

US Secretary of Commerce Wilbur Ross is in London meeting with Dr. Liam Fox, International Trade Secretary. The duo met as part of an ongoing discussion to boost trade ties between the two countries in advance of the looming Brexit. According to a report by… Read More

Focusing on the How, Not the What: Making Sense of Recent SEC Guidance on Crypto Assets

Through a triad of recent releases/interviews, the SEC has further clarified how it views the offering and sale of crypto assets. These guidance materials provide some really good insight on the SEC’s thinking with respect to its treatment of crypto assets; including some bright line… Read More

Switzerland’s Sovereign Money Referendum Suggests It’s Time to Rethink the Fed

On June 10th, Swiss voters took to the polls to decide whether the country should switch to a so-called sovereign money system. Those supporting the measure felt it would make the financial system safer by preventing bankers from recklessly lending and putting people’s savings at… Read More

SEC on ICO’s: The Central Thing is Decentralization

In June 14 comments before the “Yahoo Finance All Markets Summit: Crypto,” William Hinman, Director of the SEC’s Division of Corporate Finance, stated: ETHER is not a security Decentralization and means of promotion are key to determining whether a token is a security. A digital… Read More

Co-Founder Ilana Fraines: On Creating TokenAI’s Crypto Financial Advisor Juliet, Helping Crypto Newbies Navigate Financial Futures & Uniting Women in Crypto

Wherefore art thou, Juliet? A few weeks ago crypto market and portfolio analysis platform TokenAI shared a sneak peak at Juliet, its signature artificial intelligence assistant. Now Juliet is officially live. Juliet aims to guide investors through creating a balanced portfolio with user-friendly analysis on digital… Read More

OpenFinance Network Targets $7.7 Trillion Market with Blockchain based Security Token Platform

  OpenFinance Network is scheduled to officially launch tomorrow (June 28th, 2018). The platform is geared to operate as a security token trading platform working in concert with brokerages, custodians, transfer agents, and more. The site claims it will enable investors to buy, sell, manage,… Read More

Business as Usual: Bank for International Settlements Doubts Cryptocurrencies Pose Threat to Banking

The head of research at the bank coordinating the world’s top 60 central banks, the Bank for International Settlements (BIS), told delegates at its Annual General Meeting Sunday that he does not believe cryptocurrency blockchains in general can scale and transact enough to threaten the… Read More

UK P2PFA Responds to Criticism Leveled by LendingCrowd Regarding Change in Loan Data Requirements

Last week, LendingCrowd CEO and cofounder Stuart Lunn published a pointed blog post addressing recent changes to the “operating principles” as set forth by the UK Peer to Peer Finance Association (P2PFA). LendingCrowd is currently not a member of the P2PFA. Lunn stated in the post;… Read More

Why Borrow Against Your Cryptoasset Holdings?

I think we can all agree that, nowadays, cryptocurrencies are never far from the news. From huge surges in value to alleged overnight crashes, Bitcoin billionaires to the rapid rise of Ether, every day seems to bring another story. As someone who works in the… Read More

Are Initial Coin Offerings Good for the Economy?

At a party this Spring on the 30th floor of an apartment that overlooks Lake Ontario, an accountant said something fascinating. A majority of the recent growth in the North American economy, she claimed, had occurred mainly at the level of stock speculation. The reason… Read More

Here is the Legislation that May Finally Fix the Definition of an Accredited Investor

The current definition of an accredited investor is an anomaly based on ease of enforcement and policy inertia. The statute dictates that accredited status is based on annual income or the size of an individual’s (or couples) bank account – yet everyone understands that wealth… Read More

Bank of England Governor Mark Carney: “Profound Changes Demand a New Finance. And a New Finance Demands a New Bank”

In a sweeping speech that was broadly positive, Bank of England Governor Mark Carney set the tone for what will be his final year leading the central bank. Carney said that an “effective financial system must be resilient, fair and dynamic” to deal with tectonic… Read More

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