The SEC has staking services in its firing line. Crypto custodians are partnering to remain compliant despite uncertainty
But nothing feels fundamentally different. Yes, we have some new brands that live on our phones. But when sliced across deposits, volume, or assets under management, the public companies still do the lion's share of the financial work. With open banking, incumbents are likely to win even more, powering Apple's credit card for example. The core reason for this, I think, is that Fintech has democratized access to existing financial products. It has not really changed how those products are manufactured. Only by transforming how things are made and the value chains to deliver them can you build the Google, Netflix, Spotify, or Uber of the next generation.
Though doubling net revenue in one quarter from $244m total reported revenue in 2020, it was not enough to turn a profit.
Custodia bank's rejection could be a blow for the maturation of DeFi, but Caitlin Long says it is just the beginning.
Buying carbon offsets has become a popular way for organizations and individuals to mitigate their carbon emissions, thereby reducing their overall carbon footprint.
Tuesday afternoon Binance CEO Changpeng Zhao announced on Twitter an agreement to buy FTX.com, the non-U.S. section of FTX.
The "crypto crackdown" continues with the SEC's sights set on Coinbase. The company is holding firm.
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·Mike Cagney is the Co-Founder and CEO of Figure, a full stack financial services blockchain company with consumer offerings in market or on the way in lending, banking and more. In late-2019, Figure raised $103 million at a $1.2 billion valuation and continues to grow.
Prior to starting Figure, Mike co-founded and ran SoFi, one of the most successful consumer fintech companies ever.
In this conversation, we discuss Figure’s routes to asset origination and capital markets disruption, Figure’s previously unannounced consumer banking and payments offering, lessons learned building and scaling multiple billion dollar companies and more.
Ripple CEO Brad Garlinghouse said the SEC could no longer push the crypto industry around if the invasion was to move forward.
A great place to look for a future roadmap of blockchain is gaming and entertainment, a pattern that has long existed.