1.UK – P2P
P2P Finance News with news of an award.
“RATESETTER has been given the Queen’s Award for Enterprise in recognition of its “excellence in innovation”.
The peer-to-peer lender will join the other recipients of the Queen’s Award at a reception in Buckingham Palace later this year. It will also be able to fly The Queen’s Awards flag at its office, and to use the emblem on any of its marketing materials.”
2. UK – P2P
AltFi News reports “soaring” new business figures at Funding Circle.
"Q1 was a period where Funding Circle reinforced its leadership position across each of its markets, reaching a new high of loans under management of £3.4 billion,” the CEO said in Funding Circle’s trading update today.
The firm also reported that loan originations hit £644m between January and March, up 23% from £525m in the first quarter of 2018.
The update also noted that yesterday the European Investment Bank agreed to lend €100m via Funding Circle over the next two years to small businesses in Germany and the Netherlands.”
3. UK - P2P
P2P Finance News on a new hire at Growth Street.
4. International – FinTech
Finance Magnates reports a call from the Cambridge Centre For Alternative Finance for a standardised taxonomy in the sector.
“According to a new report from the University of Cambridge’s Center for Alternative Finance (CCAF), one of the largest obstacles to the adoption of clear and consistent regulatory policies for the cryptocurrency industry is simpler than most might think. Rather than esoteric problems in legal codes and cultures, Cambridge pointed to the chronic lack of a standardized vocabulary as a big problem for the cryptocurrency industry.
A variety of terms are used, often interchangeably and without a clear definition,” the report said. “Even the term cryptoasset lacks a specific definition… cryptoasset and token can have different meanings depending on the context in which they are used.”
Regulators therefore face several challenges: first, to understand the nuances of the different terms, second, to identify the terminology most suitable for their regulatory objectives, and finally to define the terminology clearly and ensure it is used consistently in official statements.”
5. International – FinTech
More signs of a rally, or speculative resurgence, in the crypto world.
“Binance Coin is made by the leading cryptocurrency exchange called Binance. When it first emerged its users were offered discounts on trading fees along with tokens for participating in the crowdfunding platform to launch Binance-vetted cryptocurrency projects. Binance coin has been thriving since the start of 2019, and it’s trading price has experienced a two hundred and seventy-three percent (273%) increase. As of now, Binance is the coin performing the best out of the total fifty coins involved. Over the course of the past seven days, Binance experienced a twenty-five percent (25%) increase in value. This increased impacted the overall market as well. Right now speculations are being made about Binance hitting the top five ranks by the year 2020. As of now, it is sitting at seventh positions on the market capitalization charts, and its current market capitalization is almost four billion dollars ($4.46 billion)."
6. International – FinTech
“Coinbase announced last week it is now offering support to Augur (REP) through its cryptocurrency platform, as well as its mobile apps on iOS and Android. Coinbase customers may officially buy, sell, convert, send, receive, or store REP. The crypto will be available for customers in most jurisdictions, but will not initially be available for residents of the state of New York.
“Augur’s Reputation token (REP) is an Ethereum token designed for reporting and disputing the outcome of events on online prediction markets. Reporters are rewarded for reporting the outcome of events correctly.”
Coinbase also reported that with the announcement of its new listing process last year, it anticipates listing more assets over time that meet its standards.”