Miles Reidy is a partner at QED and spearheads the VC firm’s regtech initiatives; Reidy talks about his background, why regtech has its origins in the changes brought on by the financial crisis, the differences that regtech is making in financial services today and more. Source
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Metamask shares their official guide on what investors should expect when participating in a token sale for the first time; provides tips to ensure understanding of the projects, prerequisites to participate and how to avoid fraud. Source
Bloomberg reports on flattening US Treasury yields; article shares how the trend could lead to effects on bank earnings, the economy and the factors leading to the flattening. Source
According to the WSJ, SoFi is pulling back on its expansion to foreign markets and asset management; two executives, Peter Early and Arkadi Kuhlmann are leaving the firm as part of the shift in focus; they led asset management and banking respectively at SoFi; despite some of the challenges the company extended $3.52 billion in loans in the third quarter, up almost 80% from the same period last year. Source
Jay Clayton's statements suggest that firms using ICOs may need to register them with the SEC; he stated in a speech on Wednesday, "I have yet to see an ICO that doesn’t have a sufficient number of hallmarks of a security."; there have been more than 160 ICOs to date which have raised over $3 billion. Source
Shares began trading on the NYSE this morning under ticker PPDF; shares were priced at $13 and the company raised $221 million; the company launched in 2007 and has over 57 million cumulative registered users; it targets borrowers between 20 and 40. Source
Peter Renton, Founder of Lend Academy was at the American Banker Digital Lending + Investing conference last week; Renton reflects on the discussion with the leaders of Marcus, shares the progress of the company thus far and his perspective on Goldman's venture. Source
Bram Cohen is looking to address the cost of electricity in bitcoin transactions; he invented BitTorrent, a peer to peer file transfer protocol and is launching a new company called Chia Network; according to TechCrunch, they plan to launch a cryptocurrency based on proofs of time and storage instead of bitcoin’s proofs which burn significant amounts of electricity. Source