General News

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

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

White Label Crowdfunding Provider CrowdEngine Adds InvestReady Accreditation Process to Platform

CrowdEngine, a white-label securities crowdfunding platform, has enlisted InvestReady to provide investor accreditation status and verification service. CrowdEngine will integrate InvestReady’s services as part of its portfolio of offerings. CrowdEngine can power online capital formation, including token offerings, both domestically and internationally. In the US,… Read More

Quote: Private capital raising is now outpacing capital raising in our public markets, yet our Main Street investors have no effective access to investments in private capital offerings

In the US, the definition of an “Accredited Investor” is an individual who earns over $200,000 a year or has $1 million in net assets minus their primary residence. If you are married, that number moves higher. Yet, as it stands today, this definition does… Read More

20 Texas Municipalities Suffer Coordinated Ransomware Attack

At least twenty local governments in Texas are now coping with a “coordinated ransomware attack on municipality computer systems,” the Texas Department of Information Resources (DIR) reports. Affected cities and towns are not named in the release. A response is being coordinated by the Texas Division of… Read More

BitGo Appoints Former Xapo’s Senior Vice President Pete Najarian As New Chief Revenue Officer

Blockchain software firm BitGo announced on Monday it has appointed former Senior Vice President at Xapo, Pete Najarian, as its new Chief Revenue Officer. According to BitGo, Najarian has more than 20 years of experience working in international finance with institutional investors. Prior to Xapo,… Read More

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

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

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

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

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

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

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

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

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

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

CypherTrace Crypto Report: Scammers Stole $4.26 Billion in First 6 Months of 2019

Cryptocurrency sleuth CypherTrace is out with their H1 Crypto report covering scams, rule changes, and major trends. The document claims that crooks stole $4.26 billion during the first 6 months as fraudsters continued to fleece good money from the unsuspecting. According to CypherTrace, insider thefts… Read More

Accenture Fintech Report: Huge Jump in Funding in UK & US While China Declines Following Big 2018

Global Fintech funding declined during the first half of 2019, driven by a drop in China. But while China dipped, Fintech investment jumped in other countries led by the US and the UK, according to a report from Accenture (NYSE: ACN). Yesterday, Crowdfund Insider reported… Read More

The Cambridge Centre for Alternative Finance Joins with World Economic Forum in Research Project Regarding Artificial Intelligence and Financial Services

The Cambridge Centre for Alternative Finance (CCAF) has partnered with the World Economic Forum (WEF) to jointly launch a research project addressing Artificial Intelligence (AI) in financial services. CCAF is an academic research institute at Cambridge Judge Business School, University of Cambridge, and is the… Read More

What’s Going On? VC Fintech Deals Fall to 10 Quarter Low But Sector Still Hot as Fintech Unicorn Herd Now Numbers 48 at $187 Billion Valuation

Digital Banks are the New Shiny Global Fintech deals tallied 838 rounds worth $15.1 billion in the first six months of 2019 but the number VC backed Fintech deals dropped to the lowest number since Q4 of 2016, according to CBInsights quarterly Fintech report. While… Read More

SEC Government-Business Forum on Small Business Capital Formation Agenda Published

The Securities and Exchange Commission (SEC) has posted the agenda for the 2019 Government-Business Forum on Small Business Capital Formation scheduled for next week in Omaha, Nebraska. Typically, all of the Commissioners will participate in the Forum. During the tenure of prior Chairmen, the SEC… Read More

Does Blockchain Undermine or Enhance GDPR? European Parliament Report Explains

For some people, Blockchain or distributed ledger technology (DLT) holds almost mystical potential to revolutionize everything. While there is more than a bit of hyperbole associated with blockchain, it is a fact that many corporates are incorporating DLT within their operations to streamline and remove… Read More

Fund Manager: Looming Crises in Asia Pushing Capital into Bitcoin and Gold, “But Real Rates of Return Will Come Down”

Kyle Bass, a fund manager who predicted the 2008 economic crisis says the troubles in Hong Kong, US-China trade tensions and Chinese debt are probably incentivizing capital flight into Bitcoin, gold, and other currencies as investors and citizens seek refuge from a depreciating yuan. “If… Read More

Report States that Reg CF Has Topped $250 Million in Commitments but Falls Short of Potential

Regulation Crowdfunding (Reg CF) has topped $250 million in investment commitments. This number includes both successful and unsuccessful offerings so the amount actually invested would be somewhat lower. This report is courtesy of Crowdfund Capital Advisors (CCA), a consultancy and data provider that has long… Read More

SEC Chair Jay Clayton Schedules Meet Up for Main Street Investors in Chicago on the 15th

Securities and Exchange Commission Chairman Jay Clayton has booked an event for “Main Street investors” to be held in Chicago on Thursday, August 15. The event will come a day after the SEC’s annual Government-Business Forum on Small Business Capital Formation taking place in Omaha…. Read More

Oh Canada: First 6 Months Saw Canadian Fintech Firms Raise Nearly Double Year Prior, Cannabis and AI Investment Cools

In Canada, venture funding for early-stage firms cooled during the first six months of the year. Total amount raised by Canadian firms dipped by 13% in comparison to the same period year prior. The total number of deals declined from 280 in 2018 to 240… Read More

Send this to a friend