Uncategorized

December 1, 2018 @ 3:37 pm By JD Alois  |  

StartEngine, one of the leading investment crowdfunding platforms in the US, has filed a Form D with the Securities and Exchange Commission (SEC). As CI reported last month, StartEngine commenced a Reg D offering while their Security Token Offering (STO) under Reg A+ remains in… Read More

November 16, 2018 @ 3:13 pm By Cali Haan  |  

The first person to be prosecuted in the US for ICO (initial coin offering) fraud has pleaded guilty to misleading 1000 investors, Bloomberg reports. On Thursday, Maksim Zaslavskiy, 39, admitted in a Brooklyn federal courtroom that he collected money for two ICOs: RECoin and Diamond… Read More

November 16, 2018 @ 10:16 am By Samantha Hurst  |  

Bitsafe, a Holland-based fintech, announced earlier this week the launch of its borderless Basic Payment Account. According to the startup, this new account works just like a local bank account and allows account holders can make deposits, make payments and withdraw funds. Every Bitsafe account comes… Read More

November 16, 2018 @ 8:49 am By Cali Haan  |  

The world’s 3rd largest cryptocurrency exchange by trading volume, Huobi, has laid off 6 of 10 workers at its location in Brazil, Portal do Bitcoin reports. The layoffs, though not the exact number, were confirmed by Huobi’s local CEO in Brazil, Frank Tao. Huobi, which… Read More

November 15, 2018 @ 10:01 pm By Samantha Hurst  |  

Cobinhood, a cryptocurrency service platform and zero-fee exchange, announced on Thursday it has appointed Jill Shih as its new CEO. According to Cobinhood, Shih brings more than 18 years of extensive experience in product user experience, project management, and development across mobile internet and software industries. Prior… Read More

November 1, 2018 @ 8:22 am By Samantha Hurst  |  

Just a little over two years after securing nearly £200,000 through its first Crowdcube round, UK-based Seven Bro7hers Brewery has returned to the equity crowdfunding platform seeking £500,000 in funding. Established in 2014, Seven Bro7her described itself as a family craft beer brewery that believes there is a still a… Read More

October 27, 2018 @ 8:24 pm By JD Alois  |  

In much of the world, digital asset companies are frequently accompanied by challenges with the traditional financial system. Initial coin offering issuers and crypto-intermediaries regularly find themselves struggling to open a simple bank account. In France, this will not be the case according to a… Read More

October 26, 2018 @ 7:14 am By Samantha Hurst  |  

UK-based payment service partner SafeCharge announced on Thursday it has teamed up with World Duty Free at London Heathrow Airport, enabling Chinese travelers to conveniently pay for their goods using WeChat Pay. World Duty Free now reportedly relies on SafeCharge’s new mobile POS application, which… Read More

October 25, 2018 @ 10:09 am By Samantha Hurst  |  

UK-based online investment service Wealthify announced on Thursday it was formed a partnership with Yolt, an ING created smart thinking money app, for an in-app integration. According to Wealthify, the integration will enable its customers to view their investments within the Yolt money app. This will create what… Read More

October 24, 2018 @ 9:20 am By Samantha Hurst  |  

XTransfer, a China-based cross-border financial technology company dedicated to serving foreign trade B2B enterprises today announces it has secured a $10 million through its Series A funding round, which was led by China Merchants Group with participation from 01VC, Yunqi Partners and Gaorong Capital. Founded in 2017, XTransfer… Read More

October 12, 2018 @ 8:32 am By Samantha Hurst  |  

Australian banking group Westpac announced earlier this year the launch of its ‘Centsitive Objects,’ which is a new designer range of wearable accessories. This news comes just days after Westpac announced the launch of its Mobile Cheque Deposit feature. According to Westpac, Censitive Objects was designed exclusively… Read More

October 7, 2018 @ 8:55 pm By Samantha Hurst  |  

Hokodo, a London and Paris-based insurtech that provides B2B marketplaces and accounting platform with small business insurance through APIs, announced earlier this week it secured €1.9 million through its latest seed funding round, which was led by European venture capital firm Anthemis. Founded earlier this year,… Read More

October 3, 2018 @ 11:15 am By Samantha Hurst  |  

Innovate Finance announced on Wednesday the launch of its new diversity program, which is led by the Women in FinTech Initiative for 2018-19. While sharing more details about the program, Charlotte Crosswell, CEO fo Innovate Finance, stated: “We firmly believe that developing a more inclusive environment is at… Read More

October 1, 2018 @ 4:28 pm By Samantha Hurst  |  

Less than two years after securing $2 million through its crowdfunding campaign on Wefunders, Hopsters Brewery has returned the funding platform seeking $4 million through its new Reg CF round for its upcoming Philadelphia location. Hopsters Brewery describes itself as a craft brewery with brew-your-own-beer experience, bar, and… Read More

October 1, 2018 @ 10:40 am By Samantha Hurst  |  

Global payments provider Paysafe announced on Monday it is set to host its first global hackathon in five of its developer locations, which are Sofia (Bulgaria), Vienna (Austria), Hyderabad (India), Montreal and Calgary (Canada). According to Paysafe, this hackathon is specifically created to identify new ideas,… Read More

September 25, 2018 @ 4:12 pm By Samantha Hurst  |  

U.S.-based Avant announced on Tuesday it has rebranded its fintech SaaS business Unit to be Amount. According to Avant, Amount utilizes the technology, intellectual property, and capabilities developed by Avant to provide custom technology solutions for financial institutions. Avant reported that several financial institutions, such as Regions Bank and… Read More

September 24, 2018 @ 9:09 am By Samantha Hurst  |  

Just a couple of weeks after making its debut on equity crowdfunding platform Crowdcube, BrewDog’s Equity for Punks V campaign has successfully secured its initial £22 million funding target from more than 1,000 investors. As previously reported, BrewDog was established in 2007 by James Watt and Martin Dickie…. Read More

September 10, 2018 @ 5:59 pm By JD Alois  |  

Today in a Github post, a group of crypto advocates proposed a new standard for the fast emerging securities token industry. While initial coin offerings (ICOs) have become synonymous with scammy investments and poorly planned business concepts, security tokens are very different. STOs, or security… Read More

September 6, 2018 @ 2:09 pm By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has recently published a rather brief document on virtual currencies. These virtual currencies are similar to Bitcoin or, perhaps Ethereum, as they are used as a method of payment and transactions. The document states: “Switzerland has no regulations… Read More

August 29, 2018 @ 8:38 am By Cali Haan  |  

200 active investigations into ICO (initial coin offering) fraud are presently being conducted across North America as part of “Operation Cryptosweep,” the North American Securities Administrators Association (NASAA) announced yesterday. Operation Cryptosweep, an investigative and enforcement action being coordinated by over 40 state and provincial… Read More