The Securities and Exchange Commission has charged two companies who they claim were operating fraudulent ICOs; REcoin Group Foundation and DRC World were claimed to defraud investors and sold unregistered securities; both companies claimed they had significant operations and networks when in reality they were shell companies; this continues a worldwide trend by financial regulators who are beginning to come down on the exploding ICO market. Source.
An article in Business Insider highlights a $96 billion hedge fund, Man Group; the firm initially held off on rolling out their AI powered trading bot out broadly until recently; by 2015 AI was contributing half of the profits to Man Group’s largest funds. Source
BlockFi provides US-dollar loans to consumers backed by bitcoin or ether; yesterday, they closed on a $30 million Series B...
Dave Girouard was first on the Lend Academy podcast back in 2014 which was their first year of operation; since...
In the last few years banks have started to retrain employees on how to use various new technologies so they...
Fintech startup Brex is in discussions to raise a fresh round of capital that will value the company at $2bn...
With most of the large banks reporting earnings this week one trend has become clear; as the loan books have...
In the past some fintech companies and financial aggregators have accessed JP Morgan customer data by using user’s passwords; JP...
On the heels of their most recent fundraising digital only bank Revolut has added former Goldman Sachs Executive Michael Sherwood...
Catherine Berman founded CNote along with Yuliya Tarasava in 2016 to create financial products that decrease inequality rather than perpetuate...