Tagged: texas

July 1, 2020 @ 1:51 pm By Samantha Hurst  |  

BBVA USA announced on Wednesday it has received approval to open 15 new branches across the state of Texas. According to BBVA USA, the branches are set to open in early 2021 and underscore the bank’s 5-year strategic plan launched in early 2020, which aims… Read More

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

Business software provider ScaleFactor is reportedly shutting down, after securing $100 million in capital during the past year from major investors including Bessemer Venture Partners and Coatue Management. In March 2020, the financial services company began experiencing challenges due to the global COVID-19 outbreak, which… Read More

June 14, 2020 @ 10:08 pm By Omar Faridi  |  

San Francisco-based Fintech firm SynapseFI has reportedly cut down the number of employees on its payroll. The company is also planning to expand its operations in Texas in order to diversify its business strategy and survive the COVID-19 crisis. Synapse offers several back-office financial products… Read More

May 4, 2020 @ 9:26 am By Samantha Hurst  |  

  Branch, a U.S.-based insurtech startup, announced on Monday it has launched in Texas. The launch notably marks the company’s fifth expansion since launching in August 2019. As previously reported, Branch “taps” into the power of community to make insurance accessible and affordable for everyone,… Read More

March 8, 2020 @ 11:37 am By Omar Faridi  |  

Texas-based Vantage Bank has reportedly chosen Netherlands-based Backbase and its online banking platform to consolidate the institution’s services that it offers to clients. Jouk Pleiter, CEO at Backbase, noted that the partnership is “particularly exciting.” Established in 1923 as San Antonio National Bank, Vantage merged… Read More

February 4, 2020 @ 3:13 pm By Omar Faridi  |  

Dallas-based Texas Capital Bank has officially introduced Bask Bank, an online savings account that earns American Airlines AAdvantage miles, instead of accumulating interest. As mentioned on Bask’s website, the bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means customers’ total deposits… Read More

January 14, 2020 @ 8:26 am By JD Alois  |  

The Texas State Security Board (TSSB) has published its list of “Top Investor Threats in 2020 – and How to Avoid Them.” Included on the list are crypto offerings. The TSSB is the securities regulator for the state of Texas. The regulator has been active… Read More

August 19, 2019 @ 9:53 pm By Cali Haan  |  

At least twenty local governments in Texas are now coping with a “coordinated ransomware attack on municipality computer systems,” the Texas Department of Information Resources (DIR) reports. Affected cities and towns are not named in the release. A response is being coordinated by the Texas Division of… Read More

August 8, 2019 @ 5:53 pm By Cali Haan  |  

The Texas State Securities Board (TSSB) has issued cease and desist orders against “Forex and Bitcoin Trader,” an unregistered dealer of cryptocurrencies, derivatives and foreign currency promising 900% returns in 14 days in online advertisements targeting Dallas investors. This is the fourth emergency action undertaken… Read More

July 4, 2019 @ 7:04 pm By Cali Haan  |  

Three parties accused of soliciting Texas investors with fraudulent cryptocurrency offerings have received emergency cease and desist orders as part of Texas’ “second regulatory sweep of cryptocurrency investment offerings.” Like the first sweep, which began in December 2017, the second sweep has been launched, “in… Read More

April 7, 2019 @ 8:59 pm By Samantha Hurst  |  

Fundbox, a cash flow optimization tool platform for small businesses, announced on Friday it has opened a new Dallas-area office in order to support its rapid growth. The company’s location will be in Plano, Texas. Founded in 2012, Fundbox claims it has built the first… Read More

March 12, 2019 @ 4:17 pm By Cali Haan  |  

One of crypto’s main use cases -anonymity- has taken a hit in the state of Texas this week. An untitled bill (4371), which will require all cryptocurrency transactions to be conducted using unnamed “varied identity digital currencies,” has been introduced into the Texas state legislature…. Read More

February 13, 2019 @ 4:18 pm By Samantha Hurst  |  

Private lending syndication platform CrowdOut Capital announced on Wednesday it has opened a new office in Dallas and appointed Stu Bell as its new Managing Director, who has more than 20 years of experience in commercial banking and private equity.. This news comes just two… Read More

February 9, 2019 @ 8:52 am By Cali Haan  |  

The latest enforcement report from the Texas State Securities Board states that the regulator issued cease and desist orders against 16 unlicensed crypto ventures soliciting investors in Texas in 2018. The most noteworthy of those ventures is Bitconnect, a massive global crypto Ponzi scheme that accumulated… Read More

December 1, 2018 @ 11:00 am By Cali Haan  |  

Jared Rice Sr, the man behind AriseBank and the associated cryptocurrency/token, AriseCoin, has been indicted in the Northern District of Texas and, if convicted, faces a possible prison sentence of 120 years. Rice Sr was arrested by the FBI Wednesday and is charged with 3… Read More

November 28, 2018 @ 5:29 pm By Cali Haan  |  

  The Texas State Securities Board (TSSB) has issued an emergency cease-and-desist order against an accused serial fraudster, Mark Steven Royer. Mr. Royer is allegedly selling the “My Crypto Mine” project, which bears the features of a pyramid scheme. Earlier this year, Royer and two partners… Read More

November 7, 2018 @ 2:57 pm By JD Alois  |  

The Texas State Securities Board has issued an emergency cease and desist order to two ostensible cryptocurrency miners. Yesterday, the C&Ds were placed against Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Texas Securities Commissioner Travis J. Iles issued a statement indicating the… Read More

October 4, 2018 @ 12:00 pm By Samantha Hurst  |  

Credit Karma announced earlier this week it is now offering car insurance in Texas and California. Credit Karma’s members in those states are now able to see what they could be paying for auto insurance based on what members like them are paying for the same coverage…. Read More

September 20, 2018 @ 9:50 am By Cali Haan  |  

The Texas State Securities Board (TSSB) has issued emergency cease and desist orders against three ICO/cryptocurrency projects soliciting investors in Texas: Coins Miner Investment Ltd., DGBK Ltd. (DigitalBank) and Ultimate Assets LLC. All three projects allegedly used misleading information to promote their projects, and none… Read More

August 6, 2018 @ 12:13 pm By Cali Haan  |  

Bitmain, the world’s largest manufacturer of crypto mining equipment and its biggest producer of bitcoins has announced the launch of a $500-million data centre in Rockdale, Texas. The company says it will deploy the sum over 7 years and will create 400 local jobs in the… Read More