More and more start-ups have turned to crowdfunding as an alternative method of raising capital in recent years. In fact, the global crowdfunding market had reached $13.9 billion last year and is expected to triple by 2026. This modern method of raising funds through a large pool of investors offers numerous benefits, including the ability to connect borrowers and lenders directly via an online platform. That means significantly fewer hoops for potential investors to jump through than traditional models. Investors can put in as little as they like and earn…
Day: October 2, 2020
Venezuela trials ‘decentralized stock exchange’ that’s open to the world
Venezuela’s National Securities Superintendency has given the go-ahead for a 90-day pilot of a crypto-powered “decentralized stock exchange” in the country that aims to have a global reach despite international sanctions. Cointelegraph Espanol reports that news of the Decentralized Stock Exchange of Venezuela’s authorization to operate was published in the country’s official gazette, issue 6,578, Sept. 29. The exchange is known as BDVE and its website claims that the platform comprises “the first decentralized stock exchange in the world.” It highlights that users will be able to access the exchange…
More than half of all crypto exchanges have weak or no ID verification
More than half of all exchanges worldwide have weak KYC identification protocols — with exchanges in Europe, the U.S. and U.K. among the worst offenders, according to a new study by blockchain analysis firm CipherTrace CipherTrace analyzed more than 800 decentralized, centralized, and automated market maker exchanges and found 56% of them did not follow KYC guidelines at all despite anti-money laundering (AML) regulations. The highest number of such exchanges are in Europe — a region renowned for stricter regulations. However, 60% of European Virtual Asset Service Providers have deficient…