Tagged: wsj

Wall Street Journal Identifies 513 “Questionable” Cryptocurrency Projects in New Report

Reporters at The Wall Street Journal have identified 513 cryptocurrency projects using plagiarized language, listing false “team members” and promising outsize returns to lure investors. Reporters used automated key-word search tools and human scrutiny to to trawl 3300 crypto white papers for evidence of misconduct. All… Read More

Wall Street Journal Creates and Shuts Down Own Cryptocurrency Experiment

“I realized if you really want to understand this crypto craze, you kinda have to be a part of it.” And so begins the short documentary profiling Wall Street Journal cryptocurrency reporter Steve Russolillo’s effort to create, and then desert, a Wall Street Journal-branded cryptocurrency. “I’ve been… Read More

Erik Voorhees, CEO of ShapeShift, Defends Against Money Laundering Accusations in WSJ Article

On September 28th, WSJ.com published an article on cryptocurrency entitled “How Dirty Money Disappears into the Black Hole of Cryptocurrency.” Authors Justin Scheck and Shane Shifflett slammed crypto exchange Shapeshift as complicit in illicit trades deemed to be attempts to launder money with with crypto. Yesterday, Erik Voorhees,… Read More

Jack Dorsey’s Square Comes Full Circle, Moves into Banking; Jacqueline Reses Selected to Lead New Bank

The word on the street is that Jack Dorsey’s Square (NYSE: SQ) is moving into banking business with an application to form a wholly owned bank based in Utah. The unit, to be called Square Financial Services Inc., would offer loans and deposit accounts to small… Read More

Big Deal: Prosper is Negotiating a $5 Billion Loan Deal

Prosper, a leading marketplace lending platform, is in the midst of negotiating a huge $5 billion deal to purchase Prosper loans.  This is according to a post in WSJ.com. Buyers include some pretty prominent names like Soros Fund Management, Fortress Investment Group and Third Point…. Read More

Prosper Puts Limitations on New Borrowers, Blogs about Transparency’s Importance

Online lender Prosper Marketplace has put its relationships with the loan referral websites LendingTree and Credit Karma on hold, according to The Wall Street Journal, signifying the platform’s own lending slowdown as it tries to shore up new deals with investors to buy loans. Earlier this week, LendingClub raised… Read More

Spring Ahead? Lending Club Plans First Sale of Bonds Backed by Unsecured Loans

The US’ largest marketplace lender LendingClub Corp. is planning its first sale of bonds backed by its unsecured loans, reported the WSJ, seeking new funding sources in today’s challenging market. Working with Goldman Sachs Group Inc. and Jefferies Group on the offerings, LendingClub’s plans to discuss updates with potential investors as early as this week, reported the WSJ; Goldman… Read More

From Kickstarter to Target: Indie Ouya Gets Mainstream Retail Partners

Remember the humble Ouya game console? Maybe it was never that humble, but considering its indie roots, the Kickstarted experiment in Android-powered gaming just scored some surprisingly huge distribution partnerships for its release later this year. Founder and CEO Julie Uhrman tells The Wall Street Journal that the console will be available through… Read More

WSJ Highlights Effects of Delays on Crowdfunding Regs for Business

In an article published today on WSJ.com (Subscription), the author highlights the woes of a small businessman – in dire need of capital to expand with nowhere to go. Scott Schroeder owns a small electronics assembly business in Oregon.  His business experienced a recent surge… Read More

Send this to a friend