After taking a day off to recover from all the regulation talk, the Daily Dig is back with a great list of stories on everything that we love about alternative finance – companies raising funding, sites continuing to innovate, and a group of altruists who wish to help men protect themselves from radiation infiltration where it counts.
Discoverly adds sites to unique social search tool
Discoverly allows its users to see what mutual connections they share with people across different social and business networking sites while logged in to any one. They recently added Crunchbase and AngelList to the sites covered. Colleen Taylor describes how Discoverly works and how it helps business.
New Indiegogo project vows to protect unmentionables from radiation
Wireless Armour is a company with an Indiegogo campaign seeking to raise funds to produce men’s underwear that protects the covered area from radiation that may or may not shrink sperm counts. One way to protect yourself from the government. Tyler Lee reports.
OurCrowd closes $25 million Series B funding
Israeli equity investment crowdfunding platform OurCrowd recently obtained $25 million in Series B funding, a total they claim is the largest total in equity crowdfunding so far. Robert Hoskins provides the details.
Kickstarter goes Dutch
The world’s biggest crowdfunding site now accepts projects from people based in the Netherlands, according to Maxime Zech.
Chinese search engine freezes out P2P sites because of rampant fraud
Baidu, a top Chinese search engine, removed links to more than 800 Chinese P2P sites after fraud totaling more than $100 million in six months was detected. At least 100 sites have been involved in fraud out of the more than 2,000 Chinese P2P competitors, writes Paul Bischoff.
Hedge fund acquisition of online lender to result in first P2P investment trust
British hedge fund Marshall Wace’s purchasing of a controlling interesting in U.S. online lender Eaglewood Capital positions it to create Peer 2 Peer Global Investments, the world’s first peer-to-peer investment trust. Danielle Levy breaks the deal down.
RateSetter to expand to New Zealand
While working on its Australian launch, British P2P site RateSetter let it be known it has plans for neighboring New Zealand too, writes Interest.co.nz’s Gareth Vaughn.
Bitcoin documentary producers discuss troubled cryptocurrency at Tribeca
Dan and Nick Mross attended the Tribeca Film Festival to discuss “The Rise and Rise of Bitcoin”, and the inevitable questions about Bitcoin’s recent troubles with Ellen Killoran.
Declining revenue and closer regulation causing big banks to sell commodities units
Revenues are down. Scrutiny is up. Some banks have decided commodities are not worth the trouble, says Alex Heber.
Repayment fears causing share price swoon for Aussie big banks
A growing comfort zone with low interest rates is making investors wonder what happens when rates inevitably go up. Many watchers fear increased defaults, which are causing Australian bank share values to drop, explains Mike King.