Tagged: new york

Tokenized Real Estate Market Remains Steady at $25.5 Million, As Security Token Space Continues to Grow in 2021: Report

The team at Security Token Market (STM), which offers the latest insights on the global security tokens space, has published the April 2021 edition of the Security Token Market Real Estate report. Security Token Market (stomarket.com) hosts live-trading data from 33 major security tokens across… Read More

USDT Stablecoin Market Cap of $51B+ Now Exceeds Insured Deposits at Most US Banks, Quarterly Report of Tether Reserves Expected Soon

Tether (USDT), the world’s largest stablecoin (or digital asset that’s supposed to be backed 1-to-1 with major fiat currencies like USD and cash equivalents) now claims a market cap of over $51.7 billion at the time of writing (according to available data). Notably, Tether (USDT)… Read More

Real Estate Investment Platform Fundrise Reports Investing Over $110M into 846 Rental Units during Q1 2021

Fundrise, a real estate investment platform using Reg A+ to provide access to “eREITs and eFunds,” notes that their annual letter to investors (released in January 2021) had revealed that they rang in 2021 with an updated version of their proprietary fund infrastructure, “enabling the… Read More

OCC Announces Prelimimary Conditional Approval of the Application to Charter Paxos National Trust, New York

The Office of the Comptroller of the Currency (OCC), an independent bureau within the US Department of the Treasury that serves to charter, regulate, and supervise all national banks and thrift institutions and the federally licensed branches and agencies of foreign banks in the United… Read More

The TIFIN Group, a Fintech Platform for Wealth Management, Finalizes $22.3M Round from JPMorgan, Morningstar, Broadridge

The TIFIN GROUP, a Fintech platform with 10 active operating firms for the asset and wealth management sector, revealed on Tuesday (April 20, 2021) that it finalized a $22.3 million Series B round. The Group also announced the addition of three strategic investors to its… Read More

10 High-Potential Fintech Firms Chosen for 11th Annual Fintech Innovation Lab New York

Ten high-potential technology firms have reportedly been chosen for 11th Annual Fintech Innovation Lab New York. As noted in the announcement (published on April 7, 2021), Fintech solutions aim to leverage AI and advanced data analytics to “address key industry challenges including sustainability.” As mentioned… Read More

Overarching National-Level US Legislation Remains Ideal Way to Create Coherent Digital Asset Regulatory Framework, BitOoda Says

Despite a few weeks’ break from their regulatory assessments, the BitOoda team says it has been regularly monitoring the crypto industry and engaging in the ongoing advancement of the US regulatory landscape. BitOoda notes that the recent developments they’ve followed are: New York Attorney General… Read More

BitGo Obtains NY Trust Charter from the New York State Department of Financial Services

  BitGo, a digital asset financial services provider, announced on Thursday it received a New York Trust license to operate as an independent, regulated qualified custodian under New York State Banking Law. BitGo reported that the charter was issued by The New York State Department… Read More

SPACs: New UK Proposals for Rule Changes for London Special Purpose Acquisition Companies Could Help Attract More Tech Firms

The United Kingdom might reportedly consider making several key changes to London’s current listing rules post-Brexit. The country aims to remove a barrier that has prevented special purpose acquisition companies (SPACs) from choosing the European nation. The updates are meant to attract technology-focused public offerings…. Read More

New York City Bars Could Make History by Selling for Bitcoin (BTC) or Ethereum (ETH) as Digital Asset Prices Keep Rising

A restaurant owner based in New York City has been trying to sell his two bars for Bitcoin (BTC), the flagship cryptocurrency. Patrick Hughes had put his side-by-side bars in Manhattan’s Hell’s Kitchen neighborhood, Scruffy Duffy’s and Hellcat Annie’s, up for sale last month. Hughes… Read More

Startups Raised Record Dollar Amounts in Q4 2020 with Most Growth in Rounds Valued at $25 Million+, Carta Report Reveals

San Francisco-based Carta, a firm that helps private and public companies, investors, and employees manage equity and ownership, has published its private markets report for Q4 2020. Carta’s report, which was posted on February 17, 2021, notes that venture capital managed to close out 2020… Read More

Fintech and Marketing Services Provider Kasasa Partners NYDIG to Bring Bitcoin Offerings to Diverse Network of Community Institutions

Kasasa, an financial technology and marketing services provider, has teamed up with NYDIG in order to bring Bitcoin (BTC) offerings to its diverse network of community institutions and their clients. Patrick Sells, Head of Bank Solutions at NYDIG, noted that since Kasasa‘s inception, the company… Read More

IOTA Foundation Teams Up with Curv Custody to Expand the IOTA Digital Token Ecosystem

The IOTA Foundation has teamed up with Curv Custody in order to expand the IOTA Token Ecosystem. The IOTA developers noted that they’re pleased to confirm that the IOTA token will “soon be available” on Curv’s “industrial-grade” digital asset custody platform. With IOTA’s planned Chrysalis… Read More

Stock Trading in Hong Kong has Increased Significantly Compared to Volumes Reported Recently by London Stock Exchange

Stock trading volumes in Hong Kong have reportedly increased by as much as 4x compared to those on London’s main stock exchange, as large tech stocks continue to attract investors from other jurisdictions. Some have referred to Hong Kong’s stock trading as the “Nasdaq of… Read More

GoCardless Expands: Opens New York Office

  Just a couple of months after securing $95 million through its Series F funding round, UK-based payments platform GoCardless has announced the opening of its New York City office. According to GoCardless, the new office will be led by Nanna Saito Nielsen, VP of… Read More

Blockchain Infrastructure Dev Bison Trails, which will be Acquired by Coinbase, Rolls Out New Features to Improve DLT Network Performance

Bison Trails, an established blockchain infrastructure platform-as-a-service firm that will be acquired by Coinbase, has announced the launch of its Global Blockchain Sync (GBS) feature. The Global Blockchain Sync aims to expand the functionality of the Bison Trails platform by making it faster and a… Read More

Israeli Fintech Mirato, which Uses AI and Natural Language Processing for its Risk Management Solution, Secures $9M in Capital

Israel-based Mirato, a company that has developed an AI-enhanced third-party risk management platform (TPRM) for financial services providers, has secured $9 million in capital. Mirato’s investment round was led by Grove Ventures along with contributions from Janvest Capital Partners (co-leader), American Express Ventures, iAngels and… Read More

Miami Goes All In on Bitcoin as Mayor Francis Suarez Looks to Use BTC for Payments, Florida Wins Again

Miami Mayor Francis Suarez is going all-in on Bitcoin as he announced via Twitter that he has requested the city manager to research a vendor to facilitate Bitcoin payments as well as paying employees in Bitcoin. Crypto insiders quickly embraced the move with Anthony Pompliano… Read More

Goldman Sachs Partner and Head of Product Adam Dell Leaves Leadership Role on Marcus as Bank Changes Consumer Business Strategy

Goldman Sachs (NYSE:GS) partner Adam Dell has reportedly stepped down from his role as one of the main professionals working on Marcus, the digital-only bank created by the giant Wall Street investment bank. Dell has left the initiative as Goldman Sachs gets ready for a… Read More

Investing Firm Renaissance Technologies, which Recorded Worst Returns Ever Across Hedge Funds, to Deal with $5B in Redemptions

Renaissance Technologies, the investing firm that recently recorded its worst returns across its public funds, is now having to deal with around $5 billion in redemptions. Customers decided to pull about $1.85 billion across the three different hedge funds back in December 2020 and also… Read More

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