YieldStreet Co-Founder and CEO Milind Mehere knew what is was like to be shut out of investment opportunities; after successfully scaling and selling his previous business he started YieldStreet to provide real estate, litigation funding and more to a wider group of investors; the company has returned over $80mn of principal and interest to investors; seeing litigation funding as one of the more interesting parts of the portfolio is an opportunity they feel is unique and can help to set the company apart. Source.
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Square is renaming itself Block as it focuses on technologies such as blockchain and expands beyond its original credit card-reader business.
According to a paper by the China Banking Regulatory Commission (CBRC) blockchain technology should be adopted by China’s secondary loan market; as CoinDesk reports the paper came out of a trip made by the regulator to their counterparts in the UK and France; European banks are putting together a program to test blockchain technology for the issuance of syndicated loans; the CBRC also considers blockchain technology to potentially be helpful for automating compliance. Source.
The digital money, called Squid, began trading last week for a penny. It soared spectacularly, before the money vanished.
Researches have investigated price manipulations in cryptocurrencies and have written a paper titled “Price Manipulation in the Bitcoin Ecosystem” which shares their findings; many of the newer cryptocurrencies as well as bitcoin in the early days were subject to manipulation since they were thinly traded; the article also shares instances of fake trades during the Mt.Gox hack. Source
Sam Bankman-Fried claimed ignorance on many topics while answering questions via video call to the New York Times Dealbook Summit.
The New York Interactive Advertising Exchange has partnered with Nasdaq to create NYIAX, a blockchain trading platform for digital advertising contracts; Nasdaq has supported the system with its trading and blockchain technology; through the system publishers and advertisers can buy, sell and re-trade digital advertising as guaranteed contracts; NYIAX says it also plans to expand trading to other advertising markets including TV, print and radio. Source
How and when should lenders modernize? Here are five key areas where lenders should consider accelerating their modernization methods