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Global Fintech News, including Crowdfunding, Blockchain and more
Updated: 1 week 4 days ago

Bitcoins Stolen from Bitfinex and Dormant Since 2016 Start to Move

Tue, 06/11/2019 - 03:15

160 Bitcoins stolen in a massive hack on the Bitfinex cryptocurrency exchange in 2016 started moving across the blockchain late last week after being dormant for more than 2 years, Hard Fork reports. The cryptocurrency is part of a stash of 744 408 Bitcoins taken... Read More

The post Bitcoins Stolen from Bitfinex and Dormant Since 2016 Start to Move appeared first on Crowdfund Insider.

An Update on France’s Emerging Initial Coin Offering Regime

Mon, 06/10/2019 - 20:00

France is moving forward to embrace blockchain technology and the issuance of digital assets. While security tokens will be regulated just like the securities they are, France has crafted a regulatory regime that supports the issuance of utility tokens. Last December, the French Government issued... Read More

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Russian State Oil Company Head and Putin Second Warns Colleagues That Facebook Cryptocurrency Could Be Used to Denominate Petrol

Sat, 06/08/2019 - 12:38

Igor Sechin, head of Rosneft, Russia’s state oil company and reported second-in-command to Russian President Vladimir Putin, told colleagues in St Petersburg this week that the creation of a “Facebook  Global Coin” cryptocurrency could signal American tech companies’ ominous intention to start moving into oil... Read More

The post Russian State Oil Company Head and Putin Second Warns Colleagues That Facebook Cryptocurrency Could Be Used to Denominate Petrol appeared first on Crowdfund Insider.

SEC Chairman Jay Clayton Discusses Cryptocurrencies and New Rules Covering Broker-Dealers, Won’t “Just Flip a Switch” on Crypto

Thu, 06/06/2019 - 23:21

The SEC has voted to implement a new rule compelling securities broker-dealers to act in clients’ best interests. SEC Chairperson Jay Clayton spoke about the new rule, as well as the SEC’s treatment of cryptocurrencies, in a televised interview for CNBC’s Squawk Box program June 6th. ... Read More

The post SEC Chairman Jay Clayton Discusses Cryptocurrencies and New Rules Covering Broker-Dealers, Won’t “Just Flip a Switch” on Crypto appeared first on Crowdfund Insider.

EU Asks Malta to Boost Policing, Anti-Corruption and Tax Measures as Local Cryptocurrency and Gaming Industries Boom

Thu, 06/06/2019 - 20:18

In its latest “country-specific recommendations,” the EU has advised officials in Malta to enhance oversight of the country’s booming cryptocurrency and gaming sectors, to boost rules and address understaffing in the country’s Economic Crimes Unit, and to act against “aggressive tax planning” (evasion) executed by individuals... Read More

The post EU Asks Malta to Boost Policing, Anti-Corruption and Tax Measures as Local Cryptocurrency and Gaming Industries Boom appeared first on Crowdfund Insider.

Chatter: LendingUSA is Letting Go Staff

Thu, 06/06/2019 - 17:40

Online lender LendingUSA is showing some of their employees the door. Crowdfund Insider recently received a tip from someone with knowledge of the firings. LendingUSA is a Fintech lender that provides loans to small businesses ranging from $1000 to $35,000. Founded in 2015, LendingUSA specializes... Read More

The post Chatter: LendingUSA is Letting Go Staff appeared first on Crowdfund Insider.

Apple Announces CryptoKit Tools as Framework in Swift at WWDC

Wed, 06/05/2019 - 14:32

Apple (NASDAQ:AAPL) is going crypto, so it seems. This week Apple held its annual World Wide Developers Conference (WWDC) sharing all of their forthcoming software updates along with a super expensive, high powered Mac Pro. During one of the many developer sessions, Apple announced a... Read More

The post Apple Announces CryptoKit Tools as Framework in Swift at WWDC appeared first on Crowdfund Insider.

Brexit Hedge: FCA Solidifies Relationship with Dutch AFM as Financial Firms Look for EU Bridge

Wed, 06/05/2019 - 13:13

The Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM) have signed a formal agreement to work more closely together as financial services firms look to maintain a foothold in continental Europe. The FCA states that since the UK announced its... Read More

The post Brexit Hedge: FCA Solidifies Relationship with Dutch AFM as Financial Firms Look for EU Bridge appeared first on Crowdfund Insider.

New Chair of Financial Ombudsman Selected: Baroness Manzoor to Take Over From Sir Nicholas Montagu

Wed, 06/05/2019 - 12:53

The Financial Conduct Authority (FCA) has announced that Baroness Zahida Manzoor CBE has been appointed Chair of the Financial Ombudsman Service. Baroness Manzoor will step into the role in August taking over from Sir Nicholas Montagu who is stepping down after more than seven years in... Read More

The post New Chair of Financial Ombudsman Selected: Baroness Manzoor to Take Over From Sir Nicholas Montagu appeared first on Crowdfund Insider.

The Financial Conduct Authority Updates Rules for Peer to Peer Lending, Boosts Investor Protection Including Cap on Retail Investors

Tue, 06/04/2019 - 11:52

The UK Financial Conduct Authority (FCA) has published a long-anticipated update to crowdfunding rules. More specifically, the FCA has “enhanced” aspects of investor protection for investors participating in peer to peer lending (P2P). Rules for investment crowdfunding, on the other hand, came out largely unchanged.... Read More

The post The Financial Conduct Authority Updates Rules for Peer to Peer Lending, Boosts Investor Protection Including Cap on Retail Investors appeared first on Crowdfund Insider.

Digital Bank Tandem Partners with Brightside to Provide Education at Local Schools

Wed, 05/22/2019 - 13:33

Challenger bank Tandem has formed a partnership with “social mobility charity,” Brightside, to educate the youth on financial management. According to Tandem, a pilot program has been launched to deliver a program to a North London school to students aged 16 to 18 “offering a... Read More

The post Digital Bank Tandem Partners with Brightside to Provide Education at Local Schools appeared first on Crowdfund Insider.

Chairman of Cryptofund 3iQ Howard Atkinson Joins KoreConX’s Board of Advisors

Wed, 05/22/2019 - 12:57

KoreConX announced on Wednesday it has appointed Howard Atkinson, the Chairman of the Board of Directors at Canada-based multi-cryptoasset investment round 3iQ, is joining the company’s Board of Directors. According to KoreConX, Atkinson has also been in the financial services industry for over three decades... Read More

The post Chairman of Cryptofund 3iQ Howard Atkinson Joins KoreConX’s Board of Advisors appeared first on Crowdfund Insider.

Chairman of Cryptofund 3iQ Howard Atkinson Joins KoreConX’s Board of Advisors

Wed, 05/22/2019 - 12:57

KoreConX announced on Wednesday it has appointed Howard Atkinson, the Chairman of the Board of Directors at Canada-based multi-cryptoasset investment round 3iQ, is joining the company’s Board of Directors. According to KoreConX, Atkinson has also been in the financial services industry for over three decades... Read More

The post Chairman of Cryptofund 3iQ Howard Atkinson Joins KoreConX’s Board of Advisors appeared first on Crowdfund Insider.

Goren Holm Ventures Joins Draper Venture Network

Wed, 05/22/2019 - 10:00

Goren Holm Ventures (GHV), a Fintech and blockchain-focused venture studio has joined Draper Venture Network’s DVN Beta program. GHV was founded by Alon Goren and Josef Holm, co-creators of Crypto Invest Summit and Security Token Summit. GHV has evolved into a venture studio, accelerating six... Read More

The post Goren Holm Ventures Joins Draper Venture Network appeared first on Crowdfund Insider.

Goren Holm Ventures Joins Draper Venture Network

Wed, 05/22/2019 - 10:00

Goren Holm Ventures (GHV), a Fintech and blockchain-focused venture studio has joined Draper Venture Network’s DVN Beta program. GHV was founded by Alon Goren and Josef Holm, co-creators of Crypto Invest Summit and Security Token Summit. GHV has evolved into a venture studio, accelerating six... Read More

The post Goren Holm Ventures Joins Draper Venture Network appeared first on Crowdfund Insider.

Overstock CEO Patrick Byrne Sells Shares in His Company, People Complain, Byrne Responds to “Preclude Further Recurrence of Mass Vapors”

Sat, 05/18/2019 - 20:17

Earlier this week, Patrick Byrne, CEO and founder of Overstock  (NASDAQ:OSTK), filed a Form 4 indicating a sale of 900,000 shares in his company.  Apparently, the masses slammed the sale demanding answers. Simultaneously the price of Overstock swooned on the news. Yesterday, in a Dear... Read More

The post Overstock CEO Patrick Byrne Sells Shares in His Company, People Complain, Byrne Responds to “Preclude Further Recurrence of Mass Vapors” appeared first on Crowdfund Insider.

Overstock CEO Patrick Byrne Sells Shares in His Company, People Complain, Byrne Responds to “Preclude Further Recurrence of Mass Vapors”

Sat, 05/18/2019 - 20:17

Earlier this week, Patrick Byrne, CEO and founder of Overstock  (NASDAQ:OSTK), filed a Form 4 indicating a sale of 900,000 shares in his company.  Apparently, the masses slammed the sale demanding answers. Simultaneously the price of Overstock swooned on the news. Yesterday, in a Dear... Read More

The post Overstock CEO Patrick Byrne Sells Shares in His Company, People Complain, Byrne Responds to “Preclude Further Recurrence of Mass Vapors” appeared first on Crowdfund Insider.

Don’t Worry, Be Frisky: “Sextortionists” Have Made $1 Million in Bitcoins, But Probably Don’t Have Dirt on You

Fri, 05/17/2019 - 16:58

Anti-phishing company Area 1 says that email “sextortionists” have collected $1 million in Bitcoins (about $593 USD per victim) by convincing targets that their webcams and porn-search habits have been compromised, Fortune reports.  But your webcam and any porn consumption likely haven’t been breached, says Area... Read More

The post Don’t Worry, Be Frisky: “Sextortionists” Have Made $1 Million in Bitcoins, But Probably Don’t Have Dirt on You appeared first on Crowdfund Insider.

Don’t Worry, Be Frisky: “Sextortionists” Have Made $1 Million in Bitcoins, But Probably Don’t Have Dirt on You

Fri, 05/17/2019 - 16:58

Anti-phishing company Area 1 says that email “sextortionists” have collected $1 million in Bitcoins (about $593 USD per victim) by convincing targets that their webcams and porn-search habits have been compromised, Fortune reports.  But your webcam and any porn consumption likely haven’t been breached, says Area... Read More

The post Don’t Worry, Be Frisky: “Sextortionists” Have Made $1 Million in Bitcoins, But Probably Don’t Have Dirt on You appeared first on Crowdfund Insider.

While the Uber IPO May have Stumbled, Early Investors Still Killed it

Tue, 05/14/2019 - 21:41

Early stage investing is a very risky endeavor yet this is where most of the big money is made. Today, an initial public offering (IPO) is too frequently more of an exit opportunity than a chance to generate wealth as companies wait as long as... Read More

The post While the Uber IPO May have Stumbled, Early Investors Still Killed it appeared first on Crowdfund Insider.

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