Tagged: delaware

Crypto Exchange Bittrex, Inc. Issues Statement on Chapter 11 Bankruptcy

Bittrex, Inc. released the following statement today regarding Bittrex U.S.’ decision to file Chapter 11 bankruptcy: “Having previously announced that Bittrex, Inc. would be ceasing all operations in the U.S. effective April 30th, we have now made the decision to file Chapter 11 bankruptcy in… Read More

Fintech Charm Solutions Secures $3.5M via Seed Round Led by BootstrapLabs

Charm Solutions, a Fintech startup with offices in San Francisco, Stockholm, and Wilmington, Delaware, has announced that it secured a $3.5M seed funding round led by BootstrapLabs. Charm is “developing a trusted AI-powered SMB Credit Advisor service that leverages self-learning AI to help institutional lenders… Read More

Elastos Incorporates Cyber Republic DAO as Legal Entity to Lead Growth via “Democratic” Decision-Making

  Elastos, the provider of open-source solutions and developer of the first decentralized infrastructure for the Modern Internet (Web3), is pleased to confirm that its ecosystem DAO, Cyber Republic (CR), has now been incorporated into “a legal entity in the state of Delaware.” The filing… Read More

San Francisco based Financial Services Firm Fairmint Introduces Continuous Agreement for Future Equity (CAFE)

In 2020, Fairmint had introduced the Continuous Agreement for Future Equity (CAFE). The company recently announced that Fairmint’s own CAFE offering had gone live on Thursday, February 18, 2021. Fairmint explains that making stakeholder capitalism “a reality” is quite bold objective and the firm plans… Read More

Hippo Insurance Announces Expansion to Delaware

  U.S. insurtech startup Hippo Insurance recently announced it launched in the state of Delaware. Founded in 2015, Hippo describes itself as a home insurance company that’s changing the way people safeguard their most important asset. “We’ve reimagined the traditional homeowners insurance policy, removed things that… Read More

New Fintech focused 100,000 Sq Ft Building will be Established at University of Delaware’s Science, Technology, and Advanced Research Campus in Newark

A new, 100,000 square feet building dedicated to the latest Fintech solutions will be established at the University of Delaware’s Science, Technology and Advanced Research Campus (STAR) in Newark. The initiative will be supported by Cinnaire’s $9 million New Markets Tax Credit (NMTC) allocation, which… Read More

Barclays US Makes Plans to Create More Than 300 New Customer Service Jobs in Delaware

Banking group Barclays US announced on Monday plans to create more than 300 new customer service jobs in its Wilmington, Delaware headquarters. According to Barclays US, The  Council on Development Finance (CDF) approved Barclays for Delaware Strategic Fund monies totaling nearly $2.5 million, including a… Read More

State of Delaware Pumps Fintech Chops. Report Asks Fintech Firms to Choose Delaware

The state of Deleware is burnishing its Fintech credibility with a new report. Produced by the Delaware Prosperity Partnership, the First State Fintech Lab, and the University of Delaware’s Institute for Public Administration, the document tells you why Delaware is the place to be when… Read More

First State Fintech Lab Announces Advisory Board & First Cohort of Innovation Fellows


First State Fintech Lab (FSFL), a Delaware-based fintech organization, announced on Monday the appointment of its Advisory Board, which reportedly consists of state and national “leaders” to further support Delaware as a national and global fintech leader. The FSFL reported that that Advisory Board plays a key role in directing and informing… Read More

Medici Ventures Invests in Symbiont, Aims to Lead Delaware Blockchain Form Registration

Medici Ventures, a major blockchain tech investor, completed its strategic investment in Symbiont. As part of the new relationship, the two companies will collaborate on strategic projects involving both Medici Ventures and its parent company, Overstock.com Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform… Read More

Delaware Law Legalizing Blockchain Stocks Quietly Moving Forward

Earlier this month, the Delaware House of Representatives passed amendments to state law that would make it explicitly legal for stocks to be traded on a blockchain, the technology behind cryptocurrencies like Bitcoin and Ether. According to an article on Coindesk, the amendments relating to… Read More

Delaware Moves Forward with Equity Crowdfunding Legislation

In a bipartisan push that matches the Governor’s commitment to boost access to capital for smaller firms, Delaware will file legislation next week that will allow state residents the ability to invest in SMEs via online crowdfunding platforms. The bill is sponsored by Representative Bryon… Read More

New Castle County Council Dubs Delaware Home of “First” Crowdfunded Venture Exchange in the U.S.

New Castle County Council voted to unanimously approve the Delaware Board of Trade (DBOT) resolution, allowing for the issuance of $15 million in revenue bonds to fund the construction of a new stock exchange in the City of Wilmington. The bonds will be the obligation of DBOT and will not… Read More

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