Bitcoin market exchange CoinBase has received licensing from the New York Department of Financial Services (DFS) to expand its business to New York; the bitcoin licensing process involved analysis of the company's anti-money laundering, capitalization, consumer protection and cyber security policies; along with CoinBase, the New York DFS approved four additional firms for virtual currency business operations including licenses for XRP II and Circle Internet Financial, and charters for Gemini Trust Company and itBit Trust Company. Source
The second round of the Paycheck Protection Program launched this morning at 10:30am ET; Congress approved $484 billion in additional...
Following a company-wide meeting Tuesday afternoon, CEO Vlad Tenev of the retail trading app Robinhood announced a 9% cutback of staff.
Article shares the participants in the major consortia and networks; discusses the advantages to blockchain technology in banking and what banks need to keep in mind when looking at implementing the technology. Source
Errol Damelin has been steadily growing his presence in London's fintech sector; founder of Wonga, Damelin's expertise and mentorship has helped over 200 employees currently working in London's fintech scene; his company Wonga is a case study for online payday lending in Europe and despite his exit from the company in 2014, Damelin has gone on to successfully invest and mentor a wide range of startup businesses in London. Source
Lend Academy shares information related to filing taxes with LendingClub and Prosper for the 2017 tax year. Source
Over $40 billion was invested in fintech in 2018 according to CB Insights; Now just a couple of months into...
JPMorgan Chase, HSBC and Deutsche Bank are amongst a group investing $20mn in online shareholder platform Proxymity; the company is...
Participará en la tercera edición del banco de pruebas.Aspira a poder gestionar activos tokenizados en Europa y EE UU...
Institutional Venture Partners (IVP) has also invested in Netflix, Snapchat and Twitter; with the newest round of funding the company's value is expected to increase to over $1 billion; it has previously raised a total of $116 million; the firm is currently doing more than GBP1 billion ($1.29 billion) of transfers per month on its platform; new initiatives include opening a Singapore office, launching a borderless business account and adding its service to Facebook Messenger. Source