Overstock (NASDAQ:OSTK) founder and CEO Patrick Byrne has purchased 43% of Medici Land Governance – an existing blockchain portfolio company of Overstock. Details on the transaction were not provided. Medici Land Governance was founded in 2018 to help individuals around the world connect by using blockchain and… Read More
First announced earlier this month, the World Bank has revealed their first “blockchain bond” or bond-i easily raised A$110 million. Arunma Oteh, World Bank Treasurer, said he was delighted that the “pioneer bond transaction” was well received by investors. The bone was issued using a… Read More
The World Bank is issuing a bond on blockchain. The first of its kind issuance is being orchestrated via the Commonwealth Bank of Australia (CBA) as sole arranger. According to the World Bank, the security will be created and managed completely using distributed ledger technology… Read More
“Is the future of cryptocurrencies gold or dust?” That million-BTC question was debated at one of the sessions of the recent World Government Summit – a “Davos forum” based in Dubai which is often called the City of the Future. More than 4,000 participants from… Read More
The International Finance Corporation (IFC), part of the World Bank, and the Monetary Authority of Singapore (MAS) have signed a “Memorandum of Cooperation” agreeing to establish and develop the ASEAN Financial Innovation Network (AFIN). AFIN will strive to increase the adoption of Fintech innovation and… Read More
Transferwise is a great service. I know it is great because I am a customer. Awhile back I reached out to my bank (big, multinational, global brand name with a storied history) and told them I needed to quickly transfer some money to an international… Read More
The World Bank established the Financial Sector Development Project to support Myanmar’s SMEs — the latest sign of progress in the country’s economy. The five-year project includes $100 million in credit, which will be used to allow SMEs increased access to financial services. The project will… Read More
“In 5 years, we will no longer talk about “Crowdfunding,” it will just be “funding.” Crowdfunding will just be one of the ways that early stage companies and SMEs gain access to capital. Just like online trading of public securities is considered the primary… Read More
“We believe the potential of crowdfunding is not about a single company or single crowdfunding platform. It is about the evolution from an institutional framework for allocating capital (otherwise known as banks, funds, and foundations) to a more individually driven framework enabled by existing and… Read More
If you are an entrepreneur in emerging markets, you have probably heard a lot about crowdfunding, but wondered how it could be useful for your early-stage business. In developed markets, crowdfunding is swelling the ranks of early-stage entrepreneurs and bolstering the pipeline of enterprises that… Read More
Fresh from its successful late 2014 Indiegogo campaign for its Lantern reciever which raised more than $637K from 6,642 backers, New York-based Outernet Hardware has returned to the crowd, this time on its private fundraise on Fundable. Outernet, ‘Humanity’s Public Library,’ enables anyone to receive data anywhere in… Read More
Cloud Lending Solutions, an end-to-end lending solution built natively on salesforce.com, announced the appointment of Harold Rosen to the company’s Advisory Board, bringing his more than 30 years of experience in the microfinance industry, including driving social impact investing at the World Bank. In addition, the company is expanding… Read More
The future of Impact Investing and Crowdfunding was on display in Nairobi, Kenya last week. At the World Bank/infoDev’s annual funding meeting their budget was divvyed up among the creation of Climate Innovation Centers (CIC) in Kenya, Ethiopia, South Africa, Vietnam and the Caribbean and… Read More
Crack The Crowd has released part one of what is to be a three-part interview with Dr. Richard Swart, who is a partner at Crowdfund Capital Advisors and the head of the crowdfunding research program at UC Berkeley. He was instrumental in the recently released… Read More
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