Reality Shares Advisors and Amplify Trust ETF have both files with the SEC to create blockchain related vehicles; the applications are not yet complete and the SEC must rule on both before they are permitted to go ahead; CoinDesk reports that both companies will focus on companies with market capitalizations above $200mn with a six month daily trading average of $1mn. Source.
I was struck by a comment made by Chris Brendler, an analyst at D A Davidson, about FinTech Affirm (a US BNPL start-up): “These hybrid financial technology stocks trade like tech stocks, when they’re growing really fast and the financial side of their business doesn’t cause any problems but, if …...
There was news out of Malaysia over the weekend that Cross River Bank had raised $100 million. A number of...
Coinbase has made it easier for its customers to use cryptocurrencies like bitcoin to make retail purchases. The changes are a good step forward, but they don’t—and probably could never—address one of the biggest pitfalls to paying with your crypto: The tax implications.
The new facility will allow Fundation to extend credit to more small businesses and is the latest example of a...
Ripple has struck partnerships with MUFG, BBVA, SEB, Akbank, Yes Bank, Axis Bank, SBI Remit, Star One Credit Union, EZ Forex and Cambridge FX; these new partnerships show Ripple's reach as they range from Japan, India, Canada and the US; banks were a big part of this new group, as Ripple vice president of product, Asheesh Birla, explained to CoinDesk: "The reason that we chose to work with banks is that they are experts in local regulation. A lot of them have that pull and understand the regulatory environment and we built our product in such a way that it fits within the different regulatory schemes around the world." Source
The Swedish buy now, pay later giant’s net losses of £560m compared to losses of £110m the year previous.
Immigrants to the United States face myriad challenges besides having to learn a new language. Welcome Tech, a startup aiming to build “an operating system” for immigrant families in the U.S., has raised $30 million in new capital to help these individuals not only adjust to – but feel...
Plaid and The Harris Poll have released a report, titled The Fintech Effect: Fintech's Mass Adoption Moment. It covers latest Fintech trends, globally.
Ravi Sandepudi of Effectiv discusses where fraud stands today and how much the last two years have impacted the market.