Tagged: san francisco

June 5, 2020 @ 12:52 am By Omar Faridi  |  

California-based Fintech Wealthfront, a Robo-Advisor that had been focused on becoming a digital bank, has revealed that its checking account features are now live for the Wealthfront Cash Account. In statements shared with Crowdfund Insider, Wealthfront’s management noted that they’re on track to deliver what… Read More

May 31, 2020 @ 10:45 pm By Omar Faridi  |  

San Francisco-based crypto exchange Coinbase has confirmed that on June 8, 2020, it will begin taking inbound transfers of Maker (MKR) to Coinbase Pro, the platform for professional digital asset traders. The exchange operator said that users may start trading MKR via Coinbase “on or… Read More

May 30, 2020 @ 6:00 pm By Omar Faridi  |  

San Francisco-based Brex, a company focused on developing B2B financial products, recently acquired $150 million in capital, in order to further strengthen its existing balance sheet and help it maintain operations during the COVID-19 outbreak. Now, the company has announced (on May 29) that it… Read More

May 30, 2020 @ 4:50 pm By Omar Faridi  |  

Fortmatic, a company that aims to improve the user experience, or UX, (which can be poor with digital asset wallets) by allowing users to access their Ethereum (ETH) funds from their app, has secured $4 million in seed funding. The firm’s app aims to allow users… Read More

May 29, 2020 @ 7:57 pm By Omar Faridi  |  

San Francisco-based cryptocurrency exchange Coinbase is focused on providing more ways for users to earn financial rewards by simply holding digital assets. Coinbase recently introduced Tezos (XTZ) staking rewards for its US-based customers. The exchange will now be offering this option to its UK clients… Read More

May 29, 2020 @ 3:05 pm By Omar Faridi  |  

XRP liquidity via the Mexican and Australian corridor recently reached another all-time high. The digital asset’s European corridor liquidity has also increased significantly. San Francisco-based Fintech firm Ripple’s on-demand-liquidity (ODL) solution has experienced an considerable increase in overall usage and adoption this year. The company’s… Read More

May 27, 2020 @ 1:05 pm By Omar Faridi  |  

Fundbox, a Fintech firm focused on “disrupting” the global $21 trillion B2B commerce ecosystem with its payment and credit network for B2B transactions, confirmed on May 26, 2020, that it received a fresh equity investment from MUFG Innovation Partners Co., Ltd., the corporate VC division… Read More

May 24, 2020 @ 11:02 pm By Omar Faridi  |  

San Francisco-based cryptocurrency exchange Coinbase began supporting trading with OmiseGo (OMG) on May 21, 2020. The OMG token price surged 200% in only 15 minutes after the listing, however, it then crashed immediately. OMG is trading at $1.88 at the time of writing, down 5.44%… Read More

May 23, 2020 @ 2:07 pm By Omar Faridi  |  

Coinbase Custody, the digital asset custody solutions offered by San Francisco-based exchange Coinbase, has introduced staking for blockchain interoperability platform Cosmos’ ATOM tokens. Coinbase Custody was reportedly the first digital asset custodian to provide staking and “active governance” for cryptocurrencies residing in cold wallets (offline… Read More

May 20, 2020 @ 7:46 am By Omar Faridi  |  

San Francisco-based Brex, a company focused on developing B2B financial products, has secured $150 million in capital from DST, Lone Pine Capital, and several other investors. Brex offers a corporate credit card for technology firms. The financial services firm helps startups of all sizes (from… Read More

May 18, 2020 @ 11:04 pm By Omar Faridi  |  

A lawsuit was filed on May 16, 2020, against HDR Global Trading Ltd, the parent company of the Hong Kong-operated Bitcoin Mercantile Exchange (BitMEX), a leading digital currency derivatives exchange that averages billions of dollars worth of daily trading volume. The 106-page lawsuit has also… Read More

April 29, 2020 @ 2:56 pm By Omar Faridi  |  

The Financial Venture Studio (FVS), a venture capital firm that invests in US-based seed-stage Fintech companies, revealed on April 28, 2020 that it has selected six financial tech startups which will take part in its six-month, non-residential program. The program aims to assist the Fintech… Read More

April 25, 2020 @ 7:13 pm By Omar Faridi  |  

San Francisco-based crypto asset exchange Coinbase has introduced its own price oracle in order to further enhance the resiliency of the price feed process. An oracle is a price feed offered by a third-party. It provides real-world financial data to a decentralized network. Nearly all… Read More

April 18, 2020 @ 6:51 pm By Omar Faridi  |  

Cryptocurrency firm Purse.io, which allowed users to purchase items via Amazon at reduced or special rates using Bitcoin (BTC) and Bitcoin Cash (BCH), is reportedly planning to close down its operations. The San Francisco-based company confirmed on April 16, 2020 that it will shut down… Read More

April 17, 2020 @ 2:08 pm By Omar Faridi  |  

San Francisco-headquartered Varo Money, an established mobile banking service provider, is reportedly planning to accommodate the former clients of digital bank Moven, which recently closed down its direct-to-consumer product offering. In March 2020, Moven’s management had reported that it experienced funding challenges due to the… Read More

April 11, 2020 @ 6:53 pm By Omar Faridi  |  

Azimo, an online funds transfer service provider, has teamed up with Thailand’s Siam Commercial Bank (SCB), the nation’s oldest financial institution, in order to introduce an instant international payments gateway from Europe to the Asian country. As mentioned in an announcement made on April 9,… Read More

April 7, 2020 @ 3:07 pm By Omar Faridi  |  

San Francisco-based crypto exchange Kraken has appointed industry lawyer Marco Santori as the company’s chief legal officer. Kraken’s management noted on April 6, 2020, that Santori would be using his experience working with regulatory authorities, financial institutions, payment service providers, broker-dealers, and several other industry… Read More

April 5, 2020 @ 6:23 pm By Omar Faridi  |  

Chime, one of the largest US-based digital banking startups, is testing out a new way for its customers to instantly receive their $1,200 in federal stimulus checks. The neobank’s clients would be able to receive their cheques weeks before the American government plans to begin… Read More

April 5, 2020 @ 5:03 pm By Omar Faridi  |  

California-headquartered Stripe, a leading payments solution provider, has teamed up with Keap, a customer relations management (CRM) platform, in order to provide a better payment experience for customers. Keap confirmed that it has created an integration with Stripe to assist clients with improving their cash… Read More

April 1, 2020 @ 11:39 pm By Omar Faridi  |  

San Francisco-based Paradigm, a digital asset investment firm, is reportedly the biggest winner of several MKR governance token auctions which were meant to cover about $4.5 million of undercollateralized debt. The auctions, which took place between March 19 and March 28, 2020, managed to raise… Read More