Uncategorized

March 23, 2018 @ 11:49 am By JD Alois  |  

  Italy is joining a growing roster of countries that have established Fintech associations designed to guide emerging innovations in finance. According to a note from the organizers, ItaliaFintech currently represents 19 companies that, in aggregate, have about 1 million clients while managing € 450 million… Read More

March 17, 2018 @ 12:09 pm By JD Alois  |  

Cryptocurrency is hot right now and the prospect of being able to turn a computer on and earn money has attracted both big money and small. Mining cryptocurrencies like Bitcoin has been lucrative in the past but it is getting more expensive. Mining of Bitcoin… Read More

March 16, 2018 @ 11:16 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has a Whistleblower program in place regarding pump and dump schemes for virtual currencies and digital tokens. Virtual currencies would line up with Bitcoin, Ethereum etc. while digital tokens are from the thousands of initial coin offerings that blur… Read More

March 15, 2018 @ 4:00 am By JD Alois  |  

BnkToTheFuture has filed a Reg D 506c indicating its intent to raise $30 million. The recent filing, under the entity of BnkToTheFuture BFT SP – a Segregated Portfolio of BnkToTheFuture Capital SPC, with the Securities and Exchange Commission (SEC) stated the first sale commenced on February… Read More

February 23, 2018 @ 4:00 pm By Samantha Hurst  |  

Earlier this week, Commonwealth Bank of Australia (CBA) announced it has completed a regtech pilot with ING to simplify processing of information and implementation of regulation using the Markets in Financial Instruments Directive II (MiFID II) as a test case. According to CBA, the project… Read More

February 13, 2018 @ 1:39 am By JD Alois  |  

In March of 2014, the Internal Revenue Service issued  an FAQ on digital currencies and the tax treatment of transactions in crypto like Bitcoin. In brief, the IRS said that virtual currency should be treated as property for U.S. federal tax purposes. “General tax principles that… Read More

February 8, 2018 @ 9:00 am By JD Alois  |  

Upgrade, Renaud Laplanche’s newest online lending startup , has been recognized the number one personal loan platform by Lending Tree – according to Q4 customer reviews. LendingTree’s rankings are based on a weighted average of overall rating and the total volume of customer reviews and… Read More

February 6, 2018 @ 8:27 am By Samantha Hurst  |  

UK-based fintech Flux announced on Tuesday it has extended its partnership with Starling Bank by integrating digitized loyalty rewards directly into the bank’s mobile app. According to Flux, the new integration marks the second stage in a successful partnership between Flux and Starling, which last September unveiled… Read More

January 2, 2018 @ 11:53 am By Erin Hobey  |  

Crowdcube Spain posted its 2017 recap today, celebrating 7,062,000 euros raised for 21 Spanish companies, nearly doubling the 3.6 million euros raised on the platform in 2016. During 2017, Crowdcube Spain also successfully closed several international rounds which  enabled global  investors to invest in Spanish companies. “The new… Read More

December 29, 2017 @ 11:52 am By Samantha Hurst  |  

FullClear, a UK-based beer line cleaning solution startup, has successfully secured its initial £250,000 funding target from 230 investors through equity crowdfunding platform Crowdcube. The campaign was launched earlier this month. The company describes itself as an advanced beer line cleaning solution that is non-toxic and… Read More

December 28, 2017 @ 3:14 pm By Samantha Hurst  |  

On Thursday, Deputy Minister Alexei Moiseev announced that the Russian Finance Ministry has reportedly suggested collecting taxes on mining of cryptocurrencies. This tax will be introduced through a new draft law, which was announced earlier this week. According to Russian media outlet, TASS, while sharing details… Read More

December 27, 2017 @ 3:33 pm By Samantha Hurst  |  

The Link App, a cloud-based encrypted communication platform, is now seeking £300,000 through its equity crowdfunding campaign on Seedrs. Founded in 2014, The Link App describes itself as the ultimate tool for busy law firms looking to thrive in an increasingly competitive market, improve customer service, save… Read More

December 27, 2017 @ 2:40 pm By Samantha Hurst  |  

With its Crowdcube campaign set to close this weekend, UK-based distillery The Oxford Artisan Distillery (TOAD) has secured nearly 825,000 from more than 650 investors. Launched this past summer, TOAD describes itself as a grain-to-glass distillery producing spirits from heritage grain in bespoke stills.has already achieved 85,000… Read More

December 22, 2017 @ 10:31 am By Samantha Hurst  |  

Just days after announcing it was extended its equity crowdfunding campaign on Crowdcube, UK-based distillery The Oxford Artisan Distillery (TOAD) has successfully secured its initial £750,000 funding target.  As previously reported, TOAD was launched in July 2017 and describes itself as a grain-to-glass distillery producing spirits from heritage grain… Read More

December 20, 2017 @ 10:54 am By Samantha Hurst  |  

Ooma, Inc. (NYSE: OOMA), a smart communications platform for businesses and consumers, announced on Tuesday it has acquired Butterfleye, Inc., an AI-powered video camera, and security platform. This news comes just a little over a year after Butterfleye secured $641,774 for its monitoring camera on crowdfunding… Read More

December 16, 2017 @ 11:25 am By JD Alois  |  

South Korea has decided not to ban cryptocurrencies after all, instead the Korean government has decided to caution consumers on purchasing or trading in cryptocurrencies while regulators attempt to better manage the emerging market.  Previously, it was expected that Korean government officials were going to… Read More

December 16, 2017 @ 10:01 am By JD Alois  |  

How times are changing. Reported Bitcoin billionaire Niklas Nikolajsen has become the new sponsor of the Danish Hockey team Rungsted Seier Capital. The team has been playing at Saxo Bank Arena, sponsored by the more traditional Saxo Privatbank, but as of December 27, 2017, the rink… Read More

December 6, 2017 @ 8:20 pm By JD Alois  |  

The Australian Securities Exchange (ASX) will migrate away from its Clearing House Electronic Subregister System or “CHESS” to a system using Distributed Ledger Technology (DLT) commonly referenced as Blockchain. The CHESS platform has been in place since the 1990s. ASX said it is now taking… Read More

November 18, 2017 @ 8:00 am By Samantha Hurst  |  

UK-based Cubana Waterloo Ltd is now seeking a, £200,000 loan, payable at an estimated APR of 10%, through crowdfunding platform Crowd2Fund, in order to expand its Latin American street food and exotic Cuban cocktails concept. Cubana’s restaurant group was founded in 1998 by Phillip Oppenheim,… Read More

November 15, 2017 @ 4:34 pm By JD Alois  |  

The Financial Industry Regulatory Authority (FINRA) has revealed several changes to its advisory committees. These changes are designed to increase transparency around the committees and improve their effectiveness as a vehicle for firms to provide input on key issues before FINRA. The move is part… Read More