News

News (805)

SoFi Going Public Through Palihapitiya Shell Company

SoFi is plotting a merger via a special purpose acquisition company backed by Chamath Palihapitiya. So reports CNBC.

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XRP Lawsuit Has Ripple Effect for Coinbase

The Securities and Exchange Commission (SEC) has filed action against Ripple Labs and its top executives after alleging they raised more than $1.3 billion from an “unregistered, ongoing digital asset securities offering.” 

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eToro Considering IPO Via Goldman: Report

Israeli fintech company eToro is weighing its options regarding a potential initial public offering. So reports Seeking Alpha.

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BlackRock Looks for NY-based VP to Spearhead Crypto Efforts

BlackRock, the world’s biggest asset manager, is looking to hire a vice president “to help build and execute strategies” as well as “drive demand” for its crypto-related offerings. So reports Coindesk.

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NFL Pro Bowl Tackle Okung Taking Part of Salary in BTC

Russell Okung of the Carolina Panthers has long said he wants to be paid in Bitcoin. Now, he is going to be able to do that thanks to Zap’s Strike product that converts the digital currency into U.S. dollars. So reports Bloomberg.

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China Continues Regulatory Barrage Against Jack Ma's 'Empire'

China has ordered an investigation into Alibaba and has ordered its affiliate company, Ant Group, to scale down its operation. So reports The Guardian.

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Bitcoin Likely to Cool Off in Early 2021: Newton Advisors

After hitting its all-time high, Bitcoin is likely to take a breather as we head into 2021, according to a prognostication from the president and founder of Newton Advisors, Mark Newton. So reports CNBC.

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MassMutual Makes Pair of Moves to Splash the Crypto Space

Massachusetts Mutual Life Insurance Co. is making waves with its $100 million Bitcoin investment and new stake in NYDIG. So reports Coindesk.

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Index Solution Provider Pulls $60M Investment Haul from Summit Partners

German fintech Solactive pulled in a $60.4 million “minority investment” from Summit Partners. So reports TechCrunch.

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Wealthfront Adds Bair, Curry for Financial Services Push

Wealthfront tapped two big names in finance to sit on an advisory board aiming to push the fintech firm deeper into the financial services space. So reports CNBC.

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