Blockchain

The WealthTech and cryptocurrency FinTech sectors were among some of the winners of the investment rounds recorded last week.

Payments startup Wirex has secured £1m in just 90 minutes via its Crowdcube campaign and smashed its crowdfunding target by 370%.

Boardroom, a governance platform for blockchain platforms, has reportedly raised $2.2m in its funding round.

Cryptocurrency company NYDIG has bagged $50m in growth equity funding from investors including financial services companies in commercial banking, insurance, investment banking, and asset management.

Last week proved to be good week in terms of FinTech investment, with the rounds revealing the state of CyberTech and InsurTech.

The Financial Conduct Authority (FCA) has banned the sale of derivatives and exchange traded notes that reference certain types of cryptocurrencies like bicoin, ripple and ether to retail consumers.

John McAfee, the founder of cybersecurity company McAfee, is facing criminal charges after the Securities and Exchange Commission accused him of having failed to be transparent about being paid to promote initial coin offerings.

Covalent, which aims to bring transparency to blockchain, has reportedly raised $3.1m in its latest funding round.

Last week proved a huge win for challenger banks and the Latin American FinTech sector. Check out these funding rounds to find out why.

Andrew Bailey, governor at the Bank of England, has called on financial regulators to stop playing catch up in how they supervise digital payments methods such as stablecoin and cryptocurrencies.