Commonwealth Bank of Australia Launches Blockchain-based Digital Marketplace Prototype to Allow Users to Trade Government Biodiversity Credits
Commonwealth Bank of Australia announced on Wednesday the launch of its newly developed blockchain-based digital marketplace prototype which will allow users to trade government biodiversity credits. The description of the prototype reveals: “A new blockchain prototype has the potential to boost sustainable development while enabling... Read More
Securitize, an online platform for the issuance and management of blockchain-based securities, has been approved as a registered Transfer Agent. According to filings with the Securities and Exchange Commission, Securitize filed the Form TA-1 on July 22nd and was approved on July 31st. By becoming... Read More
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Kenya-based Fintech platform Lendable has reportedly teamed up with Credit Suisse to launch a new Luxembourg Fund. According to AltFi, the fund will initially provide up to £225 million of financing into the UK consumer market. The launch of the fund comes just one month after... Read More
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Digital Bank Arival Struggles to Hit $3 Million Goal in Crowdfunding Offer but Reportedly on Track to Top Minimum
Arival, a digital bank that seeks to be crypto-friendly, has apparently only raised $210,000 of a funding round of $3 million on SeedInvest. The securities offering is being cross-listed on Crowdcube which indicates a larger amount of £348,912 being raised on a hurdle of £700,000.... Read More
Celsius Network, a cryptocurrency lending and borrowing platform, announced on Wednesday it has formed a partnership with Tether, a stablecoin which pegs its value to the US dollar. Celsius Network reported that its mobile app will now support the USDT ERC20 stablecoin allowing USDT holders... Read More
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JP Morgan Chase is shuttering the Chase Pay app in early 2020, according to a report by CNBC. Eric Connolly, Head of Chase Pay, is quoted on the move via an email: “The change we are announcing is one that is intended to focus our... Read More
Hong Kong-based cryptocurrency platform Crypto.com announced on Wednesday a range of enhanced security measures including Two Factor Authentication (2FA) for certain transactions and insurance of digital assets. The crypto portal also launched of a new Security Page, which outlines its commitment to maintaining industry-leading security... Read More
Payment process platform Square announced last week the launch of its new feature, Orders API, According to Square, Orders API enables developers to build solutions that let buyers place orders online, in-person and in-app. “Orders API enables developers to deliver an enhanced experience to merchants as... Read More
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JP Morgan Chase announced on Wednesday it is planning to shut down its stand-alone mobile app, Chase Pay, in early 2020. But while the stand-alone app will not available any longer, Chase revealed that customers will soon be able to use Chase Pay in more... Read More
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Several weeks ago, the co-founder of crowdfunding platform SyndicateRoom and past CEO Gonçalo de Vasconcelos announced his departure from the company. At the time, de Vasconcelos indicated his interest in pursuing another startup. He remains a non-executive director of SyndicateRoom so he is still engaged... Read More
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A cryptocurrency ATM company gave out free water and umbrellas to protestors in Hong Kong July 1st, and crypto trading platforms have been, “providing a way to off-ramp from HKD…and advocating for transactional privacy,” as resistance to recent power assertions by China enters its 11th week. According... Read More
97% of Korea’s 200 cryptocurrency exchanges are at risk of bankruptcy as low volume and tightening regulations temper what was once one of the world’s busiest crypto-trading markets, Business Korea (BK) reports. Local exchange revenues are also being diminished as Korean crypto-coin projects increasingly seek to... 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
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
The Saudi Ministry of Finance has warned Saudi citizens that transactions involving cryptocurrencies could have “negative consequences” for traders because they occur, “outside the monitoring umbrella within Saudi Arabia,” Zawya reports. According to FX Street, the country’s “Special Governmental Committee for Awareness on Dealing with... Read More
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A judge presiding over proceedings in a case of alleged fraud by crypto trading platform Bitfinex (and associated companies) has ordered the companies to provide records compelled under ex parte orders issued in New York in April. Almost immediately after the orders were issued, Bitfinex... Read More
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ICO Rating, a Russia based initial coin offering and research firm, has paid a fine to the US Securities and Exchange Commission (SEC) regarding allegations that it failed to disclose payments received from issuers for publicizing their digital asset securities offerings. According to a statement from... Read More
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A British Columbia Supreme Court judge has upheld an asset seizure from Lisa Cheng and Kevin Hobbs, principles of a “blockchain consultancy” called Vanbex, who, according to the Royal Canadian Mounted Police (RCMP), conducted an allegedly fraudulent $30 million CAD ICO (Etherparty/FUEL), “…by falsely representing corporate... Read More
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
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Australian banking group Westpac announced on Tuesday it has teamed up with Business Spend Management (BSM) company Coupe to help businesses more efficiently manage their spending within a comprehensive cloud platform. Westpac reported that through the partnership both it and Coupe will enable customers to... Read More
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MPOWER Financing, a U.S. fintech that provides educational loans to international and DACA students, announced on Tuesday it secured a $100 million loan facility from Goldman Sachs. According to MPOWER, the latest facility brings the total loan financial capital to $200 million. Founded in 2014,... Read More
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