UP Fintech, a Digital Brokerage Firm Focused on Global Chinese Investors, to Enter Wealth Management Business
UP Fintech Holding Ltd, a major digital brokerage company focusing on global Chinese investors, has confirmed that it’s entering the wealth management and technology (Wealthtech) business. UP Fintech has introduced a product, called the “Fund Mall,” which offers a new wealth management feature that makes... Read More
NASAA Cautions About Fraud During COVID-19 Crisis, Reaffirms Opposition to Expansion of Accredited Investor Definition
Last week, the North American Securities Administrators Association (NASAA) cautioned an SEC Committee about the potential for fraud during the COVID-19 outbreak. NASAA is the lobbying group that represents state and provincial securities regulators. Christopher W. Gerold, NASAA President and Chief of the New Jersey Bureau... Read More
Kenneth Bok: Head of Growth and Strategy at Zilliqa, a Major Blockchain Platform, Talks About Major Stablecoin Use Cases
Kenneth Bok, head of growth and strategy at Zilliqa, an established blockchain project that provides infrastucture to StraitsX, a stablecoin initiative introduced by the Fintech payments provider Xfers, recently shared his views and insights with Crowdfund Insider. Xfers is accredited by the Monetary Authority of... Read More
Detroit-based General Motors Files Patent Application for a Blockchain-based Navigation Map System that Regularly Updates Itself
Detroit-based General Motors (GM), a multinational corporation that manufactures vehicles and vehicle parts, and sells financial services, has filed a patent application for a navigation map system that regularly updates itself. The system will use blockchain or distributed ledger technology (DLT) to gather data from... Read More
Post COVID-19: Lasting Impact on Society Following Coronavirus Crisis will Create Favorable Growth Conditions for Fintech Firms, New Report Claims
The Coronavirus (COVID-19) outbreak has had a significant impact on our lives and is changing the way we work, interact, and consume products and services. Finch Capital, an early-stage venture capital firm focusing on Europe and the Southeast Asia region, has published a report, titled... Read More
Brazil’s Financial Regulators are Working on a Blockchain or DLT-enabled Data-Sharing Platform to Conduct Background Checks on Politicians and Corporations
Four of Brazil’s financial regulatory agencies are working cooperatively to create a blockchain or distributed ledger technology (DLT)-enabled data-sharing platform, which will conduct background checks on the nation’s political representatives and private corporations. The platform, called PIER, was reportedly created by the country’s reserve bank,... Read More
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UK Fintech Capital On Tap to Help Businesses with Claiming Back Money Lost Due to Coronavirus Outbreak Using “Covid Credit” Solution
Capital on Tap has been working cooperatively with other Fintech service providers in order to develop a software tool, which aims to assist businesses with tracking and claiming back the funds they may have lost, due to the deadly Coronavirus (COVID-19) outbreak. Capital on Tap... Read More
The questions surrounding whether certain crypto assets qualify as financial securities is becoming increasingly important within the blockchain or distributed ledger technology (DLT) sector. There are now several entities within the digital asset sector that are focusing on bringing greater understanding to this pressing issue.... Read More
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Tokenize Malaysia, one of a handful of digital asset exchanges that was recognized as a conditional market operator by Securities Commission Malaysia in 2019, has received full regulatory approval according to multiple reports. The approval was delivered on April 1, 2020. The approval qualifies the... Read More
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Maker Foundation, which Supports Development of MakerDAO, a Decentralized Lending System, to Transfer Governance Power to Community in Coming Years
The Maker Foundation, which focuses on the development of MakerDAO, an Ethereum-based, decentralized lending protocol, will be transferring its governance power to the community during the next couple of years. The Foundation confirmed that it will be publishing a draft of the new MakerDAO community-led... Read More
Interlapse Technologies Corp. (TSXV: INLA) (OTCQB: INLAF), the company that operates Bitcoin exchange Coincurve, has acquired BuyBitcoinCanada in a move to further consolidate its position as Canada’s top virtual currency operator. BuyBitcoinCanada was operated by Bitaccess Inc. Interlapse is a micro-cap currently trading at around... Read More
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Thesis, Developer of Keep Protocol, Acquires $7.7 Million in Funding via Round Led by Paradigm Capital
Thesis, the developers behind the Keep protocol, have acquired $7.7 million in capital through an investment round led by Paradigm Capital. Collaborative Funds and Fenbushi Capital also took part in the round. Thesis, which mainly serves as a venture production studio, is planning to introduce... Read More
The U.S. Federal Bureau of Investigation (FBI) reportedly arrested Russian rapper Maxim Boyko for cryptocurrency laundering. According to the Moscow Times, Boyok was arrested at a Miami condo this past weekend. The Affidavit submitted to support Boyko’s arrest revealed that the rapper “knowingly and intentionally conspire... Read More
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Accenture (NYSE) announced on Thursday it has acquired Yesler, a B2B marketing service agency. This latest acquisition comes less than a month after Accenture acquired ESR Labs, a Munich-based company that develops embedded software for German car brands and suppliers, and Mudano, which is a... Read More
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Better.com is one company that appears to be benefiting from the COVID-19 pandemic. Better.com is an online lender in the mortgage sector. Crowdfund Insider reported last year that Better.com was funding $375 million in mortgages a month. A different report said that amount stood at... Read More
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Japanese-inspired food brand, Miso Tasty, has successfully secured its initial £350,000 funding target through its latest equity crowdfunding round on Seedrs. The latest campaign comes less than two years after Miso Tasty raised £421,400 through its second Seedrs initiative. As previously reported, Miso Tasty was... Read More
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Tencent Announces Expansion of Collaboration with World Health Organization to Fight COVID-19 Outbreak
Tencent Holdings Limited, a leading provider of Internet value-added services based in China, announced on Friday it is deepening its collaboration with the World Health Organization (WHO) through a $10 million donation to WHO’s COVID-19 Solidarity Response Fund, as well as an agreement to open... Read More
Coinfield, a smaller crypto exchange operating out of Estonia, is working with Solegenic to “connect traditional financial markets with crypto assets,” according to a release. Sologenics, an entity that is affiliated with Coinfield, says it facilitates users with investing, trading, and on-demand tokenization of over... Read More
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Canadian regtech company iComply Investor Services announced earlier this week the launch of its new $2 million COVID-19 relief grant, the iComply for Good Services Grant. According to iComply, iComply for Good‘s purpose is to strengthen the resilience, continuity, and remote operations capacity of our community organizations... Read More
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The developers of Augur (REP), a decentralized prediction market platform, are planning to release the protocol’s second iteration on the Ethereum (ETH) blockchain network in June 2020. Augur’s second version (v2) will add new features such as a Dai stablecoin-denominated token, which will be a... Read More
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