Tagged: romania

January 13, 2021 @ 12:07 pm By JD Alois  |  

The US Department of Justice has announced that Rossen G. Iossifov, 53, formerly of Bulgaria, has been sentenced to 121 months in prison for money laundering via RG Coins, a cryptocurrency exchange headquartered in Sofia, Bulgaria. Under federal law, Iossifov must serve 85 percent of… Read More

July 18, 2020 @ 11:39 am By Omar Faridi  |  

Wolfpack Digital from Transylvania notes that we’re halfway through 2020 and the economic impact of the COVID-19 outbreak has been felt and observed across different businesses and industries. The pandemic has also led to significant changes in consumer behavior, as more people are using digital… Read More

November 7, 2019 @ 1:07 am By Cali Haan  |  

Daniel Daianu, president of Romania’s Fiscal Council, told members of the Romanian Academy Tuesday that Facebook’s Libra cryptocurrency could destroy the current global monetary balance and so disrupt the work of central banks that they become ineffective at managing money supplies, Agerpres reports. Facebook hopes… Read More

September 24, 2019 @ 8:32 am By Omar Faridi  |  

The National Bank of Romania (BNR) has introduced the Fintech Innovation Hub project, which the institution describes as “a platform for dialogue with companies developing innovative public interest solutions in the area of payment and financial services (FinTech)”. The Fintech-focused project has been launched at… Read More

August 9, 2019 @ 6:51 pm By Cali Haan  |  

The Securities Commission in the Canadian province of Nova Scotia has issued an alert warning local investors to be wary of a crypto project/ICO sale called aGiftoken, which is not licensed to sell securities in the region. aGifttoken is now selling a 10-20 million AGT tokens… Read More

July 26, 2019 @ 8:21 am By Samantha Hurst  |  

German payments platform Wirecard announced on Friday it was partnered with Romanian e-retailer eMAG for a new payment solution. While sharing more details about the solution, Utku Ogrendil, Managing Director at Wirecard in Romania, stated: “Online shopping is growing fast in Romania and this is… Read More

May 15, 2019 @ 5:35 am By JD Alois  |  

FintechOS, an early stage company that seeks to accelerate the digital transformation of financial institutions, has raised €1.1 million in a post-seed round. The funding was led by GapMinder VC, with the participation of LAUNCHub Ventures, Gecad Ventures, and other private investors. Total funding to… Read More

April 17, 2019 @ 10:49 pm By Cali Haan  |  

Daniel Daianu, a member of the Romanian National Bank (BNR)’s Administration Council, told attendees at a conference this week that cryptocurrencies are in fact, “financial assets” that cannot be used as central bank currencies, Business Review reports: “In my opinion, these are financial assets, not… Read More

April 13, 2019 @ 10:15 am By Cali Haan  |  

Two of three Romanian cybercriminals who targeted American citizens and businesses from abroad in elaborate cybercrime schemes initiated in 2007 have been convicted in Ohio. Bogdan Nicolescu, 36, and Radu Miclaus, 37, will be sentenced August 14th after being found guilty of 21 counts of… Read More

February 12, 2019 @ 8:04 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced last week it has teamed up with Oney, the banking and financial arm of Auchan Retail Romania, to implement Well.com, a mobile app in Romania, which allows biometric authentication payment by fingerprint. According to Wirecard, Well.com allows users to… Read More

February 11, 2019 @ 8:58 am By Karsten Wenzlaff  |  

The European Parliament Elections are looming in May – and so far, there is no progress in sight regarding the European Crowdfunding Service Provider Regime. It remains unclear whether the Romanian Finance Minister TEODOROVICI will make the conclusion of the negotiation process a priority. The… Read More

December 19, 2018 @ 1:33 am By Cali Haan  |  

A Romanian citizen arrested last week by local cyber police and American Secret Service agents has been released on bail in the city of Cluj where he runs one of the region’s largest crypto exchanges. The agents flew to Romania to seek the arrest and… Read More

November 26, 2018 @ 11:55 am By Samantha Hurst  |  

UK-based fintech Finastra announced last week it has opened a new office in Bucharest, Romania. According to Finastra, the new site hosts more than 550 employees and contractors. It is located in the brand new Orhideea Towers in the business district of Bucharest. The move offers… Read More

September 13, 2014 @ 12:47 pm By JD Alois  |  

There is a growing amount of overlap between rewards based and investment based crowdfunding. A growing number of small companies are using crowdfunding to promote and boost their business.  Or to simply test a new product.  Of course there is an increasing amount of startups… Read More

December 28, 2013 @ 10:21 am By JD Alois  |  

Happy Holidays to all of our visitors from Crowdfund Insider.  With all of the parties and family events going on this week and next we still find time to read about all of the many fascinating crowdfunding campaigns going on this busy time of year…. Read More

December 20, 2013 @ 10:00 am By JD Alois  |  

The Super Awesome Micro Project is a basically a car built out of Lego.  With the exception of the wheels and a few load bearing elements the entire car, which has a top speed of about 20 to 30 KMh, has been constructed with Lego…. Read More