Tagged: us

July 9, 2020 @ 8:32 am By Omar Faridi  |  

An Ethereum address, for the very first time, with 100,000 USDC stablecoin was recently blacklisted. The transaction, which may be viewed via Etherscan, an Ethereum (ETH) blockchain explorer, confirms that a “blacklist(address investor)” function was initiated on June 16, 2020, by 0x5dB0115f3B72d19cEa34dD697cf412Ff86dc7E1b, which is an… Read More

July 8, 2020 @ 9:12 pm By Omar Faridi  |  

Wilmington-based Fintech company Apiture is reportedly planning to scale its business operations after acquiring $20 million in capital through an investment round. Established in 2017, Apiture also has business offices in Austin, Texas. The company says it is working on its digital transformation strategy as… Read More

July 8, 2020 @ 12:11 am By Omar Faridi  |  

Jane Gladstone, the recently appointed president of Promontory Interfinancial Network, has been working in Fintech investment banking since the 1990s. Gladstone established a Fintech merger and acquisition (M&A) and advisory service during the 90s, while working at Morgan Stanley. Gladstone, the former senior MD at… Read More

July 7, 2020 @ 11:30 pm By Omar Faridi  |  

The ongoing U.S.-China trade wars and the COVID-19 outbreak have negatively impacted China’s $11-$13 trillion economy, however, the nation’s technology sector continues to develop rapidly. The country’s tech industry is supported by $616 billion in research and development (R&D) resources. In addition to investing in… Read More

July 7, 2020 @ 8:04 am By Omar Faridi  |  

The Trump Administration has released additional information regarding the recipients of the COVID-19 linked Payroll Protection Program (PPP). Brooklyn, New York-based ConsenSys, a leading Ethereum (ETH) development studio, and several digital asset exchanges were listed as beneficiaries of the recent PPP Coronavirus financial relief scheme…. Read More

July 5, 2020 @ 1:35 pm By Omar Faridi  |  

Ron DeSantis, the 46th Governor of the US state of Florida, noted on July 2, 2020, that with the signing of HB 1391, Florida now welcomes Fintech firms that aim to “disrupt the status quo and gives them an opportunity to provide new types of… Read More

July 1, 2020 @ 8:46 pm By Omar Faridi  |  

US-based banking challenger Chime Financial Inc. has introduced a credit card, called Credit Builder, which aims to work somewhat like a regular debit card by allowing users to spend only the funds that are currently in their accounts. The Chime Credit Builder Visa Credit Card… Read More

June 28, 2020 @ 6:23 pm By Omar Faridi  |  

DeFi protocol Compound’s native COMP token is now available on Coinbase Earn, a platform that allows users to earn cryptocurrency while they learn about how digital assets and blockchain tech work. Coinbase Earn allows users to earn many different crypto-assets including EOS, stablecoin Dai, and… Read More

June 28, 2020 @ 12:31 pm By Omar Faridi  |  

Core Scientific, a US-based blockchain hosting provider, has teamed up with Bitmain Technologies Inc., a leading Bitcoin (BTC) mining equipment manufacturer, in order to facilitate the purchase of 17,595 units of cryptocurrency mining machines “on behalf of its growing list of hosting clients” and other… Read More

June 27, 2020 @ 11:22 am By Omar Faridi  |  

Chinese firm Ebang, a leading developer of cryptocurrency mining hardware, confirmed on June 26, 2020, that it had been listed on the Nasdaq Global Market (under the EBON ticker). Notably, Ebang is only the second Bitcoin mining equipment manufacturer to go public on a US… Read More

June 26, 2020 @ 9:18 pm By Omar Faridi  |  

Randy Rivera, Executive Director of FinTEx, a member-led community focused on promoting innovation and collaboration within Fintech in Qatar and the MENA region, has said that his organization continues to work with international financial services industry participants. During a June 23, 2020 virtual panel discussion… Read More

June 26, 2020 @ 7:08 pm By Omar Faridi  |  

San Francisco-based Karat, a company founded by an Instagram alum and backed by the co-founder of Twitch, is reportedly planning to offer a new credit card for upscale clients who are focused on creating digital content. The Silicon Valley firm’s management attended the recent Y-Combinator… 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 23, 2020 @ 9:12 pm By Omar Faridi  |  

Oakland, California based Fintech firm Even aims to improve the financial wellbeing of workers and also wants to help people become better money managers. PayPal Ventures, Valar Ventures, Founders Fund, and Marc Benioff have recently made investments in Even. Even claims it’s the only Fintech… Read More

June 22, 2020 @ 9:00 am By Omar Faridi  |  

Cred, a global blockchain-enabled financial services platform serving clients in around 190 countries, has hired Daniel Goldstein as its new CTO. Bethany De Lude has also joined Cred. She’ll be taking over the company’s security operations as Chief Information Security Officer (CISO). As mentioned in… Read More

June 18, 2020 @ 9:19 pm By Omar Faridi  |  

Jason “Parabolic” Williams, general partner at Morgan Creek Digital and founder of FastMed Urgent Care, recently revealed that he has made over $200,000 in interest alone after depositing $2.5 million in Gemini USD (a “scalable” stablecoin that has 1:1 “transferability” with the US dollar) on… Read More

June 16, 2020 @ 10:45 pm By Omar Faridi  |  

Dovly, a consumer-focused credit improvement firm, has reportedly acquired $2 million in seed funding. The US-based Fintech firm’s round was led by VC firm NFX, which helps companies expand their operations by leveraging network effects and strategic marketplaces. The capital acquired will be used to… 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

June 13, 2020 @ 3:47 pm By Omar Faridi  |  

Rex Salisbury, partner on the Fintech team at VC firm Andreessen Horowitz (A16Z) and founder of Cambrian, a community at the “white-hot center” of Fintech, reveals that partner banks have “exploded” in recent years. Salisbury confirmed that today, there are over 30 partner banks, which… Read More

June 12, 2020 @ 2:45 pm By Omar Faridi  |  

  The London Stock Exchange Group (LSEG) and Global Accelerated Ventures (GAV) recently introduced a post-COVID-19 fundraising program that aims to assist Fintech and Healthtech firms that might need additional capital to support their growth and development after the pandemic has passed. The 24-month program… Read More