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Updated: 2 weeks 1 day ago

Reg CF: In More than 3 Years this Crowdfunding Exemption has Seen Zero Fraud in Contrast to What Some Expected

Tue, 09/17/2019 - 03:10

Reg CF [Regulation Crowdfunding], the smallest of the three crowdfunding exemptions created by the bi-partisan JOBS Act of 2012, became officially actionable in May of 2016. In that time, hundreds of issuers have raised money on FINRA regulated “funding portals” taking advantage of the internet... Read More

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HTC Teams Up With Bitcoin.com, Adds Support for Bitcoin Cash (BCH) on Exodus 1 Blockchain Phone

Mon, 09/16/2019 - 20:54

The developers of HTC’s blockchain smartphone are reportedly adding support for Bitcoin Cash (BCH). HTC’s management announced on Monday that they’ve teamed up with Bitcoin.com, a Tokyo-based blockchain and fintech firm founded by crypto entrepreneur Roger Ver. The partnership between the two companies involves adding... Read More

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Ripple’s Xpring Invests in Leading Bitcoin ATM Company Coinme

Mon, 09/16/2019 - 15:46

Seattle-headquartered Bitcoin kiosks and ATMs provider Coinme raised $1.5 through a Series A-1 financing round, which included contributions from the Blockchain Finance Fund, and San Francisco-based Ripple company’s initiative Xpring, which builds infrastructure for innovative blockchain projects. The funds raised will be directed toward acquiring... Read More

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UNDP Partners With 500 Startups to Invest in Indonesia’s Evolving Startup Ecosystem

Mon, 09/16/2019 - 05:13

United Nations Development Program (UNDP), an organization that provides expert advice, training, and grants to developing countries, is partnering with Silicon Valley venture capital firm and project accelerator 500 Startups, in order to make investments in Indonesia’s emerging startup ecosystem. The UNDP will be working... Read More

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City of Los Angeles Partners with Goren Holm Ventures to Host BlockTankLA

Mon, 09/16/2019 - 01:40

The Los Angeles Mayor’s Office of Budget & Innovation (MOBI) and Information Technology Agency (ITALA) have partnered with Goren Holm Ventures (GHV) to host “Block Tank” – a Shark Tank-like pitch event which will coincide with CIS taking place in Los Angeles next month. GHV... Read More

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Former Associate GC and BNY Mellon MD Linc Finkenberg Joins Perkins Coie in Move to Boost Fintech Practice

Fri, 09/06/2019 - 15:01

Linc Finkenberg, a former Associate General Counsel and Managing Director at BNY Mellon, has joined Perkins Coie as part of the firms Fintech and financial transactions practice in New York City. While at BNY Mellon, Finkenberg led a global team of more than 30 lawyers and... Read More

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uBiome, Once a Biotech Darling, Now in Bankruptcy

Thu, 09/05/2019 - 18:36

uBiome, once a Biotech darling that popularized its concept on the pages of pretail e-commerce site Indiegogo and then listed an investment opportunity on Angellist, has filed for bankruptcy according to public documents. Back in 2015, uBiome pitched the concept of sequencing an individual’s microbiome... Read More

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Biz2Credit’s Analysis of Industry Sectors Reveals Restaurant Loan Approval Rates Were Above 50% in 2018

Mon, 09/02/2019 - 03:10

Online lending platform Biz2Credit announced on Friday its latest analysis of industry sectors found that restaurant loan approval rates were above 50% in 2018. Biz2Credit revealed that though the analysis noted that restaurants and accommodation businesses had the highest loan approval rates (51%) in 2018... Read More

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China’s Fintech Development Plan: Six Key Tasks

Sun, 09/01/2019 - 15:34

While China has obviously morphed from a command economy to one that has wholeheartedly embraced the benefits of capitalism and a market economy there still remains substantial central planning. The current Belt and Road initiative is all about global development and increasing China’s influence around... Read More

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SoFi to Open Office in Jacksonville Florida, will Create 300 Jobs: “Offering an Affordable Cost of Living”

Fri, 08/30/2019 - 19:30

San Francisco based SoFi is expanding and hiring new employees. The California born Fintech is just not doing it in the Golden State. SoFi will be hiring 300 new employees in a new Southeast Operations Center in Jacksonville, Florida. SoFi, like many other firms, is... Read More

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UN Official Says Cryptocurrencies Making Child Exploitation Easier, More Profitable

Fri, 08/30/2019 - 10:51

Content warning: This article contains brief descriptions of the abuse of children. Reader discretion is advised. Cryptocurrencies are making cyber-crime, terror financing, money laundering and child exploitation much easier, Neil Walsh, chief of the Cybercrime and Anti-Money-Laundering section of the United Nation’s Office on Drugs and Crime... Read More

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Fintech Unison Considers Exiting San Francisco. Will Others Follow?

Mon, 08/26/2019 - 18:00

In a report from last week, Fintech Unison was highlighted as considering an exit from the tech startup epicenter of San Francisco. According to SF Business Times, Texas, Idaho, and other states are looking to lure companies away from the Bay Area as the cost... Read More

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Patrick Byrne Goes on Fox News Making Serious Allegations Against Former Obama Administration Officials

Fri, 08/23/2019 - 00:15

Former Overstock (NASDAQ:OSTK) CEO Patrick Byrne was visiting with the studios of Fox News today following his abrupt resignation earlier today from the company he founded. Byrne is widely recognized as a pioneer in the blockchain sector having launched several companies, including tZero, targeting the... Read More

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SEC Investor Advisory Committee Requests an Extension on Deadline for Concept Release Comments

Thu, 08/22/2019 - 15:55

The Securities and Exchange Commission (SEC) Investor Advisory Committee (IAC) has requested an extension on comments regarding the current Concept Release for regulatory harmonization pertaining to securities exemptions. The Concept Release, akin to a consultation, was launched in June as an attempt to simplify securities... Read More

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Report: Led by Fintech, UK Tech Sector Attracts More Foreign Investment Than Year Prior, Tops US for Foreign Investment per Capita

Wed, 08/21/2019 - 06:43

A new report published by Tech Nation and Dealroom indicates the UK is experiencing a robust market for investment in early-stage firms. In fact, the UK is going gangbusters in comparison to the year prior. The report states that the UK tech sector has attracted... Read More

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Switzerland to Heavily Promote Domestic Fintech Firms at Forthcoming Singapore Fintech Festival

Mon, 08/19/2019 - 11:19

Switzerland Global Enterprise (S-GE) and the Swiss Business Hub ASEAN expect to showcase approximately 30 different Fintech firms at the upcoming Singapore Fintech Festival this coming November. A noted Asian Fintech Hub, the annual Singapore Fintech Festival has captured wide participation from Southeast Asia as... Read More

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Global Fintech Conference LendIt Adds Latin America to List of Targeted Events

Sat, 08/17/2019 - 12:29

LendIt, best known for its roving events targeting the online lending industry plus other aspects of the emerging Fintech industry, has added Latin America to its list of targeted regions with a new event. FinnoSummit, taking place in Miami this coming December, is being produced... Read More

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Report Says STOs in Europe Have Experienced a 17% Success Rate, Led by Switzerland

Sat, 08/17/2019 - 11:59

According to a report by Fintelum, a tokenization platform for primary issuance and secondary trading, 17% of security token offerings have been successful in Europe (EU + Switzerland and the UK). Granted, it is still very early in the digital asset realm so while the... Read More

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Outlier Ventures Study: $23.7 Billion Has Been Raised by Blockchain Startups Since 2013

Fri, 08/16/2019 - 05:37

Outlier Ventures, a venture platform that funds seed and growth stage blockchain firms, has published a report on blockchain investment. According to Outlier, since 2013 approximately 3,738 blockchain companies have raised $23.7 billion. Funding for blockchain firms in 2019 appears to be on track to... Read More

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SEC: CFO of MCA Site 1 Global Capital Raised $322 Million and Allegedly Defrauded 1000s of Investors

Thu, 08/15/2019 - 16:27

The Securities and Exchange Commission (SEC) Enforcement Division has charged Alan Heide with defrauding retail investors. Heide was the former CFO of 1 Global Capital – a merchant cash advance platform (MCA). 1 Global is now bankrupt and former principles Carl Ruderman and Henry J.... Read More

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