Mining is a vital part of the cryptocurrency industry today. While some industry followers believe that crypto mining will go away in the not so distant future, it remains an active pursuit for individuals and companies to mint digital money using racks of computers. In... Read More
The post When You Mine Crypto are You Creating a Security? Templum Presses the SEC to Decide appeared first on Crowdfund Insider.
Leading marketplace lending platform Prosper has settled fraud charges for misstating returns, according to a release from the Securities and Exchange Commission (SEC). Without admitting or denying the allegations, Prosper has consented to an SEC order finding it violated an anti-fraud provision of the Securities... Read More
The post Marketplace Lending Platform Prosper Settles Fraud Charges Brought by SEC, Pays $3 Million Penalty appeared first on Crowdfund Insider.
Less than a year after raising £1.1 million on Seedrs, Riversimple, a Wales-based hydrogen-electric car company, has returned to the equity crowdfunding platform to raise £750,000. As previously reported, Riversimple has designed a new car called the Rasa, which emits nothing but a tiny amount of... Read More
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BitGive, a Bitcoin 501(c)(3) nonprofit announced this week it has formed a partnership with Uphold, a digital money platform, to have donation tracking platform GiveTrack integrated with Uphold through API. BitGive reported that through the integration, users will be able to donate to any of... Read More
The post Bitcoin Nonprofit BitGive Announces New User Experience With Uphold Partnership appeared first on Crowdfund Insider.
Qtum, a blockchain application platform, announced this week the launch of its enterprise blockchain solution, Unita. According to Qtum, Unita securely stores data, utilizes existing developer tools and automates information transfer processes for businesses at a groundbreaking speed of 10,000 transactions per second. The platform... Read More
The post Qtum Announced Launch of Enterprise Blockchain Solution “Unita” appeared first on Crowdfund Insider.
Source Claims Japan Upping Internal Oversight Requirements Regarding Use of Cold Wallets at Crypto Exchanges
The recent loss of $190 million CAD by the now-defunct Canadian cryptocurrency exchange QuadrigaCX appears to have alerted regulators across the globe to additional complexities affecting the safe storage of cryptocurrencies at relevant businesses. Quadriga has claimed it lost access to the funds following the... Read More
Smart Valor, a Swiss blockchain based startup, has listed its native crypto “Valor” on South Korea based Bithumb. Earlier this week, Bithumb apparently hosted an Airdrop for Valor and distributed 1 Valor per 2,000,000 KRW to its most active traders. Smart Valor announced last fall... Read More
A libertarian “seasteading” venture launched by a Bitcoin-rich American and his Thai wife off the coast of Phuket has induced a national security response from the Thai Navy, Bangkok Post reports. Chad Andrew Elwartowski and Supranee Thepdet (aka “Nadia Summergirl”) have reportedly established “a living... Read More
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The tech world is abuzz with tangible, albeit unofficial, news that Facebook could be diving into crypto and launching a coin or token. Conventional thinking says that they will use their coin to add crypto asset-based transfers to messaging apps to enable users to instantly... Read More
Genba Digital, a UK-based company that is aiming to streamline the multi-billion pound market, has successfully surpassed £525,000 through its crowdfunding campaign on SyndicateRoom. The company is currently seeking £750,000 with a pre-valuation at £4,507,698. Founded in 2015, GENBA is an API driven digital logistics... Read More
The post Online Games Platform Genba Digital Surpasses £525,000 on SyndicateRoom appeared first on Crowdfund Insider.
The Winklevoss twins have reached a settlement with Charlie Shrem in the case they brought against him last November claiming he stole $61 000 USD of their funds and used them to buy 5000 Bitcoins in 2012. While details of the settlement are not publicly... Read More
The post Winklevosses and Shrem, Early Bitcoiners, Settle Old Score appeared first on Crowdfund Insider.
U.S.-based independent mobile remittance company Remitly announced on Thursday it has launched its international money transfer service in France. Customers may now access the Remitly service through its mobile app or website and benefit from a variety of secure and convenient money sending and receiving... Read More
The post Remitly Expands International Money Transfer Service to France appeared first on Crowdfund Insider.
Cryptocurrency exchange Coinbase announced on Wednesday it is expanding its crypto-to-crypto support to more than 10 countries around the world, with the total amount of countries being offered the support now up to 53. The platform revealed: “One year ago, Coinbase served customers in 32... Read More
The post Coinbase Announces Crypto-to-Crypto Support Expansion to More Than 10 Countries appeared first on Crowdfund Insider.
T-Mobile (NASDAQ: TMUS) recently announced the launch of its new T-Mobile MONEY, which is a no-fee, interest-earning, mobile-first checking account that anyone can open and manage right from their smartphone. T-Mobile reported that with T-Mobile MONEY eligible Un-carrier customers can earn an industry-leading 4.00% Annual... Read More
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Three New Jersey men have been indicted in what the New York District Attorney claims is the largest seizure of illicit pills ever executed in New Jersey State. The accused, Chester Anderson, 44, Jarrette Codd, 41, and Ronald McCarty, 51, allegedly ran drug “store fronts”... Read More
The post In New Jersey’s Largest Ever Pill Bust, Three Men Accused of Laundering $2.3 Million Using Bitcoins appeared first on Crowdfund Insider.
The largest marketplace lending company LendingClub (NYSE: LC) will report Q1 2019 results after the bell on Tuesday, May 7, 2019. According to the Q4 report, the following guidance was provided: Net Revenue to be in the range of $162 million to $172 million Consolidated... Read More
The post LendingClub to Announce Q1 Results on May 7th After Market Close appeared first on Crowdfund Insider.
Ally Financial Inc. (NYSE: ALLY), a U.S.-based digital financial services company, announced on Thursday it has partnered with mortgage disruptor, Better.com, to create an end-to-end digital mortgage experience for consumers looking for a mortgage loan from the Ally platform. Ally reported that in addition to... Read More
The post Ally Financial Teams Up With Better.com to Create End-to-End Digital Mortgage Experience appeared first on Crowdfund Insider.
Recently, the Federal Deposit Insurance Corporation (FDIC) published its Small Business Lending Survey for 2018. Included within the report was an ongoing discussion of “non-bank lenders” or online lending platforms including direct and marketplace lenders. First, the FDIC acknowledges the profound importance of small business... Read More
The post Here is the FDIC Small Business Lending Report All Fintech Lenders are Reading appeared first on Crowdfund Insider.
Sirin Labs, a “blockchain smartphone” company that raised $255 million in two ICOs, has confirmed it is laying off employees, Israeli news outlet Globes reports. Contrary to media reports of larger numbers let go, Sirin Labs says it is only laying off 15 of 60... Read More
The post As Founder is Plagued by Lawsuits, “Blockchain Phone” Maker Sirin Labs Lays Off Staff appeared first on Crowdfund Insider.
Switzerland Wants to Create the Best Possible Framework for Fintech and Distributed Ledger Technology
The government of Switzerland wants create the very best environment for Fintech, and more importantly distributed ledger technology (DLT) to thrive. The Swiss Federal Council kicked off a consultation last month on the adoption of DLT/Blockchain seeking to “increase legal certainty, remove hurdles for DLT-based... Read More