Exchange-traded fund provider Reality Shares announced on Tuesday it has liquidated and closed the Reality Shares Nasdaq NexGen Economy China ETF (BCNA) and the Reality Shares Fundstrat DQM Long ETF. According to Reality Shares, BCNA will cease trading on the Nasdaq Stock Market (Nasdaq), DQML... Read More
The post Reality Shares Announcing Closure of Two Exchange-Traded Funds appeared first on Crowdfund Insider.
Google has banned high-interest rate lenders from the Google Play app store. First reported by WSJ.com, the move was said to be made to protect people from “exploitive personal loan terms.” The report quoted a Google spokesperson: “Our Google Play developer policies are designed to... Read More
The post Google Effectively Bans PayDay Lenders from Advertising their Loans appeared first on Crowdfund Insider.
US venture capital funding fell in the third quarter of 2019 as both funding levels and the number of deals both declined. As funding dips, the Unicorn herd has hit a new record as there are currently 180 private companies valued at over $1 billion.... Read More
The post Report: US VC Funding Declines in Q3, Fintech Deals Decline Too appeared first on Crowdfund Insider.
ClauseMatch has announced that it now operational at Intesa Sanpaolo. The partnership is said to be the genesis of a meeting at Fintech Innovation Lab hosted by the Bank. A Proof of Concept soon followed. The ClauseMatch platform is currently being used by Barclays and... Read More
The post Regtech: ClauseMatch is Now Live in Italy in New Partnership with Banca Intesa Sanpaolo appeared first on Crowdfund Insider.
NASDAQ has listed its first crypto index – the CIX100 from Cryptoindex.com. The index is made up of cryptocurrencies selected from a list of over 2500 coins and rebalanced on a continuous basis. Cryptoindex is quick to point out that they exclude “coins with fake... Read More
The post NASDAQ Lists CIX100 an Index of the 100 Top Cryptos by Cryptoindex.com appeared first on Crowdfund Insider.
Pluto, a UK-based insurtech focused on travel insurance, closed its equity crowdfunding campaign on Seedrs with a total of £643,974 raised. The campaign was launched last month and quickly raised its initial £200,000 funding target. The company offered 9.09% in equity at a £2,000,486 pre-money... Read More
The post Update: UK Insurtech Pluto Closes Seedrs Round With Nearly £645,000 Secured appeared first on Crowdfund Insider.
Digital banking platform 2gether announced on Tuesday its support for Brave and the addition of Basic Attention Token (BAT) to its list of existing tokens. 2gether reported that BAT is a utility token based on the Ethereum blockchain and acts as a medium of exchange... Read More
The post Digital Banking Platform 2gether Announces Integration With Ethereum Token Basic Attention Token appeared first on Crowdfund Insider.
eToro, a global social trading platform, announces on Tuesday the launch of TheTIE-LongOnly CopyPortfolio, which offers users access to a sentiment-based, AI-driven investment strategy from The TIE, a cryptocurrency data analytics platform trusted by some of the largest traditional quantitative hedge funds as well as... Read More
The post eToro Set to Use AI With New Sentiment-Based Cryptocurrency Investment Strategy appeared first on Crowdfund Insider.
KoreConX, a secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications, announced on Tuesday the launch of KoreNodes in twenty three countries and five major regions around the world. According to KoreConX, KoreNodes is for trusted and regulated stakeholders... Read More
PaySafeCard, an Austria-based fintech that is part of the Paysafe Group, announced on Tuesday its services are now available in Iceland. The company launched in the country with its sales partner, Basko verslanir. While sharing more details about the launch, Udo Müller, CEO of Paysafecard, stated:... Read More
New York-based Grayscale Investments has obtained regulatory approval from the Financial Industry Regulatory Authority (FINRA) to list the first publicly-traded digital currency index fund. According to a press release, the company’s Digital Large Cap Fund (DLC) will be listed on over-the-counter (OTC) markets and trade... Read More
The post Grayscale Receives Regulatory Clearance from FINRA to Offer Publicly-Traded Digital Currency Fund appeared first on Crowdfund Insider.
Financial Giant HSBC Is Planning to Relaunch First Direct to Attract Younger Customers and Compete With Digital Challengers
HSBC, one of the world’s largest banking and financial services organizations, is planning to embrace new technologies and relaunch its “First Direct” brand in order to attract younger clients while competing with digital challengers. According to the Financial Times, the London-headquartered financial institution is considering... Read More
BBVA announced on Tuesday it led the first funding round of PrivacyCloud, a Spanish startup developing a series of tools to allow users to control how their data are used by businesses to create commercial or marketing offers. La Sexta Opción, an investment vehicle promoted and... Read More
The post BBVA Announces Investment in Spanish Fintech Startup PrivacyCloud appeared first on Crowdfund Insider.
Goldman Sachs (NYSE:GS) revealed Q3 earnings this morning. The conference call is scheduled for 11AM ET today. Results were good but not great as earnings missed estimates. Shares declined in pre-market trading. Buried within the presentation is the fact that Goldman Sachs now claims $55... Read More
The post Goldman Sachs Reports $55 Billion in Consumer Deposits, No Color on Apple Card Partnership appeared first on Crowdfund Insider.
The previously announced UK-Australia FinTech Bridge Pilot Programme has kicked off with the Department for International Trade (DIT) bringing 9 UK Fintech firms to Australia. The project is part of an ongoing effort to extend the UK’s prominence as a Fintech while building global partnerships.... Read More
The post Aussie-UK Fintech Bridge: Department of International Trade Brings 9 Fintechs to Australia appeared first on Crowdfund Insider.
Belgium Fintech Cashforce Secures €5 Million Through Series A Funding Round Led By INKEF Capital & Citi Ventures
Cashforce, a Belgium fintech focused on cash forecasting and working capital management, announced on Tuesday it secured €5 million through its Series A funding round, which was led by INKEF and Citi Venture with participation from Pamica NV and Volta Ventures. Founded in 2012, Cashforce... Read More
Thameside Investment Group Purchases 20% of Institutional P2P Debt Trading Platform ASMX at £5 Million Valuation
Thameside Investment Group has purchased 20% of peer to peer debt trading platform ASMX, according to a note from the company. ASMX was valued at £5 million. Thameside is a UK-based multi-asset investor that currently holds two portfolio companies. ASMX is a secondary market designed... Read More
Plug and Play Amsterdam reportedly held a Soft Launch for its new Smart Cities and Financial Services programs last Wednesday at the Johan Cruijff ArenA. According to Plug and Play, the event brought in more than 80 attendees including six startups and over 30 corporate... Read More
The post Plug and Play Amsterdam Announces New Programs Focused on Smart Cities & Financial Services appeared first on Crowdfund Insider.
Telegram Enforcement Action: “A reminder that the SEC not only has considerable enforcement tools but is willing to use them”
Last week, Crowdfund Insider reported on the Securities and Exchange Commission (SEC) enforcement action against Telegram and the issuance of Gram tokens. The move by the SEC is a doozy and telling. First, Telegram sold about $1.7 billion in a SAFT (simple agreement for future... Read More
West Virginia’s Secretary of State, Mac Warner, disclosed in a speech October 1st and a press release October 2nd, that someone tried to hack into a blockchain-based voting system provided by a company called Voatz. The system was being trialed to allow military personnel stationed... Read More
The post FBI Investigating Attempted Breach of Blockchain Election App Voatz appeared first on Crowdfund Insider.