The Securities and Exchange Commission (SEC) has filed a complaint against real estate crowdfunding platform iFunding, along with co-founders William Skelley and Sohin Shaw. The complaint alleges that Skelley and Shaw pursued a “fraudulent scheme to misappropriate investor funds.” CI Senior Contributor and securities attorney… Read More The post SEC Lawsuit Against Real Estate Crowdfunding … Read more
Over the past year, SBI Ripple Asia has brought in 61 Japanese banks to its consortium representing 80 percent of Japan’s total assets. In the upcoming months, the consortium could begin to utilize the Ripple network to process cross-border payments. On September 26, SBI Ripple Asia successfully registered with the Kantou Bureau of Japan’s Ministry … Read more
US-based mobile payments provider Stripe has raised $245 million in funding, taking its valuation to $20 billion. The latest investment was led by Tiger Global and includes DST Global and Sequoia. Stripe has got the backing of some big names, such as American Express, Visa, PayPal’s co-founder Peter Thiel and Tesla founder Elon Musk. Lined … Read more
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to inform investors about features and potential risks of non-traditional index funds.
During the week I share the latest marketplace lending and fintech news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here. The founder of LendingClub, ousted two years ago, pledges not to make the same mistakes with his … Read more
More than 80 representatives from a variety of cryptocurrency projects and companies spent four hours calling for clarity around ICOs and tokens.
Circle is introducing a stablecoin dubbed the “USD Coin,” with a consortium called Centre serving as the platform. Circle Internet Financial Ltd. is launching a USD-backed digital token dubbed the “USD Coin,” Circle’s blog reports Wednesday, September 26. A consortium called Centre — which includes Bitmain Technologies Ltd. among its members — will act as … Read more
In recent cryptocurrency surveys, a poll of 100,000 Chinese citizens has found that 3% have invested in cryptocurrencies, and a survey conducted by Circle has found that a quarter of millennials would like to invest in crypto assets in the next 12 months. In addition, a survey by UK-based Rathbone Investment Management has found that … Read more
ICE’s Bakkt platform will begin its operations with physical Bitcoin futures, the company has said on social media. Intercontinental Exchange (ICE) confirmed its Bakkt cryptocurrency platform’s first offering will take the form of physical Bitcoin futures. ICE, which also operates the New York Stock Exchange (NYSE) released new details Tuesday, September 25. Bakkt, which ICE … Read more
In an official announcement Tuesday, Google said that it will allow registered crypto exchanges to advertise in the U.S. and Japan. The U.S. tech giant Google is set to update its ad policy in October, reallowing some crypto businesses to advertise on its platform. The company announced this in an official post Tuesday, September 25. … Read more