Tagged: italy

Looking for Nominations: Women in Finance – 2019 Italy Awards

The British Embassy Rome and Freshfields Bruckhaus Deringer in collaboration with Borsa Italiana are calling for nominations for the “Women in Finance – 2019 Italy Awards.” The Awards strive to celebrate female talent and the value of diversity in the financial sector. The Awards are… Read More

BitGrail Exchange Operator Who Lost $170 Million in Crypto Ordered to Return Lost Funds to Investors

An Italian court has ordered the owner of the BitGrail cryptocurrency exchange, Francesco Firano, to declare bankruptcy and forfeit assets so they can be used to reimburse investors harmed when Firano “lost” 17 million Nano tokens (worth $170 million), a post by affected investors claims…. Read More

European Crowdfunding Network Launches ECN – Italian Strategic Group to Collaborate on Culture of Crowdfunding

The European Crowdfunding Network (ECN) has announced the creation of a new group entitled the ECN-Italian Strategic Group (ECN-ISG). The ECN is the leading pan-European voice for investment crowdfunding. The objective of the ECN-ISG Working Group is to foster a more robust culture of crowdfunding in… Read More

NANO and BitGrail Hit by Another Class Action Lawsuit Related to Crypto Theft that Allegedly Saw $153 Million Disappear

Happy New Year. Filed on January 3rd, the busy law firm of Levi & Korsinsky filed a class action lawsuit against Nano cryptocurrency and failed crypto exchange Bitgrail along with its founder Francisco “the Bomber” Firano. The lawsuit was filed on behalf of plaintiff James… Read More

Italian Regulators Shut Down Two Crypto Firms, Project Crypto GreenEarth and Bitsurge

Consob (Commissione Nazionale per le Società e la Borsa) the Italian agency that regulates the securities industry, has put a halt to two crypto-based offerings, according to postings on their site. Both companies have received a 90 day suspension on a “precautionary basis” and are banned… Read More

Following OurCrowd Investment, Alpha Tau Medical Launches Clinical Trials for “Breakthrough” Treatment

Alpha Tau Medical

Alpha Tau Medical, developer of a breakthrough alpha-radiation cancer therapy, has initiated new clinical trials evaluating the efficacy of their Alpha DaRT  or “Dіffusіng Alpha-emitters Radіatіon Therapy” with two leading medical centers in Rome, Italy. “Building on our recent successful round of $29 Million in… Read More

SIA Group Launches Open Banking Platform for Banks, Corporates, Fintechs & More

SIA Group, a consortium of eight European companies, has launched a new platform for financial service firms as they move to become compliant to Open Banking rules under PSD2. Their new digital platform is said to allow European banks, Fintechs, corporates, SMEs and public sector… Read More

While Still Comparatively Small, Italian Crowdfunding Market Experiencing Rapid Growth

A report from the Politecnico Milano School of Management in Italy, indicates that the volume investment crowdfunding is picking up pace in Italy. In Italy, as is with the rest of Europe, crowdfunding denotes investment in both debt and equity. According to the numbers provided… Read More

Younited Credit Tops €100 Million in Lending in Italy, Partners with Online Insurer ConTe

Two years after an expansion into Italy, Younited Credit is reporting having topped €100 Million in loans. The online lender says that today 40% of its credit activity is outside its base in France. “Many start-ups are embarking on European and global development ambitions, but international… Read More

Katipult Releases Blockchain based Secondary Market, Launches First on WeAreStarting in Italy

Katipult (TSXV: FUND)( Frankfurt: K10) has announced the first install of its blockchain based secondary market product. Adhering to a previously posted release time frame, Katipult has launched the secondary market as a pilot on WeAreStarting Srl, an investment crowdfunding platform in Italy. According to Katipult, capabilities of… Read More

OurCrowd Signs MOU with Intesa Sanpaolo to Promote Access to Capital

OurCrowd and Intesa Sanpaolo Innovation Center, subsidiary of the Intesa Sanpaolo Group, have signed a Memorandum of Understanding (MOU) with the intent of Ourcrowd promoting access to capital for Sanpaolo startups. Global crowdfunding platform OurCrowd reports it has made significant strides in Western Europe, expanding… Read More

Fondo di Garanzia: Lendix Italia Announces Loans are Now Partially Guaranteed by Italian Government

This announcement certainly will benefit the growth of Lendix, a leading European online lender. According to the Fintech, the Lendix community of lenders now benefits from the Italian State Guarantee or the “Fondo di Garanzia” for loans made in Italy. This federal guarantee will partially cover… Read More

Oval Money Says Total Funding Tops £1.3 Million with Most Coming from Crowdfunding Campaign

  Fintech Oval Money, a Robo-advisor founded by Benedetta Arese Lucini former CEO of Uber Italy, reports it has raised a total of £1.3 million in funding. Earlier this year, Oval listed on Crowdcube where it raised £632,000, according to the campaign page. Oval reports… Read More

Italy Launches New Trade Association ItaliaFintech

  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

Opal Transfer Launches New Money Transfer Service Between Italy and the UK

London based Opal Transfer has launched a new money transfer service between Italy and the UK. This is an extension of the existing product – money transfer service from the UK to Italy. Opal says it has one of the lowest cost transfer products on… Read More

Following Bitgrail Hack, Crypto-Exchange Commits to Cash Fund for Victims of Nano Theft. Not Everyone is Convinced the Offer is the Best Option

Bitgrail, an Italy-based cryptocurrency exchange, was attacked several weeks back and approximately $153 million in NANO was stolen. In the ensuing weeks, an acrimonious discussion took place between Bitgrail founder and CEO Francesco Firano, team NANO and users who were impacted by the theft. The attack… Read More

Bitgrail Posts Update on Cryptocurrency Theft, CEO Proposes NANO Fork Fix as Accusations Fly

BitGrail, the Italy-based cryptocurrency exchange that experienced a theft of 17 million NANO (XRB) – about $153 million at current exchange rates, has posted an update today regarding the hack. The good news for users of the exchange is Bitgrail states all other cryptocurrencies reman… Read More

Bitgrail Exchange Hacked. $153 Million of Nano Stolen. Users are Really Pissed Off [u]

Bitgrail is the next cryptocurrency exchange to experience an unfortunate hack – an event that highlights profound problems within the exchange space as cyber security continues to fall short. According to a post on the Bitgrail website, the company said internal checks revealed “unauthorized transactions which… Read More

China: WeiyangX Fintech Review

P2P lending platform Dianrong Secures $70 million D-round funding On January 24th, online lending platform Dianrong.com announced 70 million US dollars D-round funding. This round of investment was led by ORIX’s wholly-owned-subsidiary ORIX Asia Capital Co., Ltd.. CITIC Securities CITIC Securities subsidiary CITIC Lyon also… Read More

Italian Regulator CONSOB Updates Crowdfunding Rule to Apply to All SMEs

The Italian financial markets regulator (Consob – Commissione Nazionale per le Società e per la Borsa) has issued resolution No. 20204, a new regulatory provision updating the regulation that introduced equity crowdfunding in Italy. Italy was one of the first European countries to issue a… Read More

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