Writing a guest post for FT Alphaville Victor Basta, managing director of boutique investment bank Magister Advisors, says 2018 will be a year of falling valuations. The drop could hurt aspiring companies looking to go public soon, though a correction in valuations could be a long term positive for the market. Source.
There are currently no active bitcoin ETF proposals in front of the SEC with VanEck, SolidX and Cboe BZX Exchange withdrawing...
BBVA recently announced a banking platform in the U.S. complete with a full suite of products; business clients can gain...
Goldman Sachs announced plans to open a bitcoin trading operation and now other banks might be soon to follow; one...
It has been fascinating to watch both the banks and fintechs react to the coronavirus; many fintechs have created side...
N26 has shared that they have crossed 5 million customers, up from 3.5 million last summer; in 2019 they added...
American Banker takes a look at the new blockchain-based system for identity verification from Spring Labs; while 16 online lenders...
T-Mobile recently announced a partnership with BankMobile to offer mobile money accounts to serve the underbanked population in the U.S.;...
A writer in a Bloomberg opinion article believes that the next financial crisis will have its roots in Silicon Valley, not Wall Street; author cites that fintech companies are vulnerable to rapid, adverse shocks compared to Wall Street banks because fintech firms are small and undiversified; article also shares that fintech companies are more difficult to monitor and that the fintech industry has not developed the set of unwritten norms and expectations that guide traditional financial institutions. Source
The Securities and Exchange Commission (SEC) denied the approval of a rule change proposal that would have allowed for the Winklevoss Bitcoin ETF to be traded on the Bats BZX Exchange, also operated by the Winklevoss brothers; approval would have created the US's first publicly traded bitcoin investment fund; the SEC cited two main factors in their disapproval of the investment: 1) the Exchange lacks surveillance-sharing agreements with significant markets for trading the underlying bitcoin commodity and 2) the markets involved in bitcoin trading are not sufficiently regulated. Source