1.UK – Equity
Mr & Mrs Smith, a global luxury travel business, has launched an equity crowdfunding campaign through Crowdcube to raise £1,000,000+ for 3.66% equity. Pre-valued at £26,341,500, Mr & Mrs Smith has quickly raised over £235,874 from 44+ investors — this is one of those exciting campaign that each refresh reveals additional investment — in the first two days of its campaign.
2. UK – EIS
Cambridge Network carries a release.
“After numerous requests from SyndicateRoom investors, Fund Twenty8 – the world’s first algorithmically-driven EIS fund – will open again for investment today (11th September) for two weeks only.
The fund has a unique position in the EIS market due to its focus on diversification. While most EIS funds will invest in six to10 startups, Fund Twenty8 is designed to build its investors a portfolio of at least 28. With this many startups in your portfolio, studies suggest a 95% chance of at least one giving you a 10X return or more. To date, the fund has raised £7.9m from 377 investors.”
3. International – FinTech
“Crypto lending or digital asset backed loan is comparatively a new concept used in earning profits without much effort. It revolves around the concept of shorting. Perhaps, you do not understand how shorting works, do not worry because all you need to know is that you are lending fund to others who are making short trades. In exchange for the funds, you get an interest rate that goes from 5% to 50% each year.
The interesting thing about the crypto-backed loan is that you do not have to worry about the borrower running off with your funds. Furthermore, the exchange holds the funds and does not allow the borrower to withdraw their funds without settling their digital asset backed loan.
The unique side of loans backed by cryptocurrency
Digital asset-backed loans are unique opportunities for borrowers to get funds for whatever project they want. More uniquely is the fact that setting up a lender account on a crypto lending platform like InLock is easier. Furthermore, the experience is amazing when compared to seeking loans from our traditional bank.
Additionally, users do not have to keep a close eye on their funds. Unlike day traders, crypto leaders do not require fast actions. Nonetheless, most platforms such as InLock have means of ensuring that lenders get automatic interest rates and funds.”
4. International – FinTech
“Bitcoin fell on Monday, as the U.S. Securities and Exchange Commission suspended two cryptocurrency investment products.
Bitcoin fell 1.60% to $6,307.50 on the Bitfinex exchange, as of 8:22 AM ET (12:22 GMT).
The SEC suspended trading in Bitcoin Tracker One and Ether Tracker One on Sunday. Trading will remain halted in the U.S. until at least Sept. 20, the agency said in a statement.
Both products track the price of cryptocurrencies and are listed on a Nasdaq exchange in Stockholm, but trade over the counter in transactions that occur off exchanges within the U.S.
"It appears ... that there is a lack of current, consistent and accurate information," the SEC said. "Application materials submitted to enable the offer and sale of these financial products in the United States, as well as certain trading websites, characterize them as 'Exchange Traded Funds.'"
The SEC has not yet allowed ETFs to track virtual coins and is reviewing a recent decision to reject the applications of Bitcoin exchange traded funds.
Cryptocurrencies overall were lower, with the coin market cap of total market capitalization at $195 billion at the time of writing compared to $200 billion on Sunday.
Ethereum, the second-biggest alternative currency by market cap, fell 3.73% to $196.29, while XRP, the third-largest virtual currency, decreased 4.58% to $0.2736 and Litecoin was at $54.214, down 2.69%.”
5. International – FinTech
“Uzbekistan is taking comprehensive steps, with the help of Korean partners, to enshrine the region as a friendly one for crypto industries and hopes to become, “a new coin special zone after Malta,” ETNewsreports.
The venture is being led cooperatively by KOBEA, the Economic Committee of Korea and Uzbekistan and the venture’s two flagship projects will be, “a cryptographic exchange and…a (large scale) fund to support digital economic development.”
ETNews claims that Uzbek President Škot Myržyjev has been proactive in leading, “Uzbekistan’s digital economic development…(and) introduc(ing) cryptographic money into regulatory power and eliminat(ing) regulatory uncertainty in the global regulatory environment.”
Once the exchange is established, “the fund will move to promote cooperation and investment in the field of block chains…foster local experts in technical fields and attracts overseas talent…to (lay) a foundation for leaping into a regional currency hub.”
The fund will also be administered through a project management committee (NAPM) with final say coming from the president, and will seek:
- “Legalization of ICOs in Uzbekistan”
- “Construction of a mining complex and large-scale block chain R & D complex in Uzbekistan”
- “Establishment of a password monetary bank in Uzbekistan Government”
- “Establishment of a block chain base in Uzbekistan National University”
- “Technology development and development in the field of passwords, mining, smart contracts and block chains.”
- “Development of block chains and IT professionals.”
- “Establishment of a legal basis for the introduction of block chain technology based on overseas advanced cases”
- “(Establishment) of secure close cooperation between national institutions and economic players in the field of innovation ideas and technology development”
Uzbekistan will also host an “International Block Chain Forum” in the Uzbek capital, Tashkent.
Importantly, “the Uzbek cryptographic exchange is expected to be exempt from taxation on corporate and investor profits, including non-residents.”