China Securities Regulatory Commission (CSRC) is now consulting some blockchain companies on ICOs, China Business News exclusively reports; now it is in the phase of collecting suggestions and having discussions; CSRC will particularly keep tabs on the fraud projects that raise money in the guise of cryptocurrencies and ICOs. Source (Chinese)
News Roundup
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Alex Tapscott has raised $20 million for NextBlock Global, an investment firm investing in projects selling cryptographic tokens; he now has plans to list the company on the Toronto Stock Exchange; Tapscott is also the co-author of "Blockchain Revolution," which he wrote with his father, Don Tapscott, last year; with the IPO listing of NextBlock Global he hopes to further accelerate adoption of ICOs and blockchain. Source
Financial firms like TD Ameritrade and Ritholtz Wealth Management have found early...
Crypto and blockchain startups have raised more than $850mn of VC funding...
While trying to raise money for their robotics and AI startup Trevor McFredries found an issue that he wanted to change, all investors were white men; he, along with his colleague Sara DeCou, stated they would not accept money unless the investors had a woman or a person of color in a senior position; 400 tech entrepreneurs have banded together to form a coalition called Founders of Change to make real progress on diversity; the group is inspired by the broader movement to make businesses more diverse and include more voices as the old ways of investing need to change. Source.
LendIt's most recent forum, Key Considerations for Risk Retention in Securitization, was held on Wednesday, January 11, 2017; the webinar provided insight on new risk retention regulations for securitization in effect beginning December 24, 2016; speakers provided insight on a range of securitization related topics including optimal risk retention structures, commercial considerations related to sponsors and requirements necessary for majority owned-affiliates; a replay of the webinar is now available.
According to the WSJ, Goldman Sachs is in talks to offer financing on Apple products; this would be alternative to a consumer financing devices on a credit card; both companies didn’t comment on the story, but if a deal came together it could propel Goldman’s Marcus further into consumer finance. Source
Fintech lenders are hoping their participation in the Paycheck Protection Program will...
Nested has reported an 8 million British pound ($10 million) fundraising from investors Passion Capital, GFC and Tim Bunting; the growing company is another example of proptech innovation in residential real estate; targeting the UK housing market, the company guarantees the sale of listed property within 90 days either to a new owner or by buying the property themselves. Source
The UK’s banking market has seen a number of new entrants since...