Tagged: new york

April 24, 2021 @ 1:07 pm By Omar Faridi  |  

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

April 21, 2021 @ 10:17 pm By Omar Faridi  |  

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

April 11, 2021 @ 5:20 pm By Omar Faridi  |  

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

March 12, 2021 @ 5:54 pm By Omar Faridi  |  

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

March 4, 2021 @ 10:14 am By Samantha Hurst  |  

  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

March 4, 2021 @ 7:55 am By Omar Faridi  |  

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

February 22, 2021 @ 10:55 pm By Omar Faridi  |  

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

February 21, 2021 @ 9:48 pm By Omar Faridi  |  

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

February 20, 2021 @ 3:43 pm By Omar Faridi  |  

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

February 19, 2021 @ 11:07 am By Omar Faridi  |  

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

February 18, 2021 @ 11:21 pm By Omar Faridi  |  

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

February 18, 2021 @ 9:18 pm By Samantha Hurst  |  

  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

February 17, 2021 @ 11:46 pm By Omar Faridi  |  

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

February 17, 2021 @ 8:35 am By Omar Faridi  |  

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

February 12, 2021 @ 9:37 am By JD Alois  |  

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

February 8, 2021 @ 10:11 pm By Omar Faridi  |  

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

February 8, 2021 @ 10:05 pm By Omar Faridi  |  

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

February 5, 2021 @ 3:31 pm By Omar Faridi  |  

Primary Venture Partners, a seed-stage VC firm focused on supporting New York City’s “most promising” founders, notes that this past October (2020), they had revealed that Q3 2020 NYC seed activity was “the highest it had been since the record-breaking Q3 2019 quarter.” While third-quarter… Read More

February 4, 2021 @ 9:47 am By Omar Faridi  |  

Nearly 300 SPACs are currently seeking deals with $90 billion in available cash. Fintech firm Payoneer is also planning to go public through a SPAC that will reportedly be led by Bancorp founder Betsy Cohen. Payoneer’s management noted that they intend to merge with a… Read More

January 29, 2021 @ 11:25 am By Samantha Hurst  |  

  Barclays announced on Thursday the New York Class of 2021 for the Barclays Accelerator, powered by Techstars. According to Barclays, the 13-week program is designed to fast-track the next generation of fintechs. “Participating companies will collaborate with a team of Barclays executives, the Techstars… Read More