Powered by their $300-million fundraise over the summer, Fireblocks is looking to drive infrastructure efforts of digital banking and crypto companies as the industry is poised for explosive growth.
Banks such as FNBO and Ally Financial have taken to the social media channel to appeal to younger customers.
Lyric Financial and TuneCore have partnered to offer loans for musicians; the two companies have developed TuneCore Direct Advance which provides financing from Lyric Financial to clients of TuneCore; through the partnership musicians can receive loans against future projected sales through a simplified application that integrates sales information from TuneCore's clients. Source
Marketplace lending loan servicer First Associates has announced the opening of a new operations center; the operations center is located in Baja California, Mexico with capacity for 1,000 seats; in comments regarding the announcement, First Associates CEO David Johnson said: "We couldn’t be more excited about our new Baja facility. We are able to deliver the same outstanding quality and service as our San Diego operations center, offer an economically advantageous option to our clients and provide significant opportunities in a developing business community that is an important part of the greater San Diego/Tijuana metro area." Source
The Bitcoin Cash (BCC) blockchain has successfully split away from the legacy chain; the block was mined by the China-based mining pool Viabtc at 2:14 pm EDT; the first Bitcoin Cash block was 1.9 MB in size, holding 6,985 transactions - much larger than BTC's 1MB limit and approximately 3,000 transaction throughput. Source
The first bitcoin-linked exchange-traded fund will make its debut officially on Tuesday.
First Digital Asset Bank: OCC Gets Consent Order Against Anchorage Digital Bank For AML Shortcomings
Anchorage Digital Bank, the first-ever charted digital asset bank, has been hit with a consent order from the Office of the Currency of the Comptroller (OCC),...
To help target the flow of institutional money to digital assets for the best trade-off between opportunity and risk.
When it secured a banking charter and raised a half-billion dollars last year, Varo promised growth and profitability. But an abrupt fintech downturn and high spending have left it with no choice but to slam on the brakes.
Wealthsimple is a Canadian firm backed by Montreal-based Power Financial and they are looking to launch their robo advisory solution to US clients soon; in accordance with US securities law, Wealthsimple received approval to operate as an investment advisor by the SEC in October 2016; there is no account minimums for their product and the first $10,000 invested will be fee free, anything above $10,000 will be subject to a management fee of 0.5%. Source