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News (808)

OneConnect Looks to Up IPO Fivefold Over Previous Plans

OneConnect has amended its initial public offering filing with the Securities and Exchange Commission and is now seeking to raise $500 million through a U.S. stock offering. So reports Cointelegraph.

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Kraken Joins Silvergate As It Continues to Add Clients

Kraken, one of the original and largest Bitcoin exchanges, joined the Silvergate Exchange Network. So reports Cointelegraph.

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Robinhood Drops Bid to Become a Bank, No Plans to Re-enter Space

Robinhood Markets Inc. has pulled its application with the Office of the Comptroller of the Currency to become a bank. So reports the Los Angeles Times.

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Future FinTech Looks Across Borders with Online Shopping Platform

Future FinTech Group Inc. announced a Three Party Cooperation Agreement with Fan Zhang and Caixia Wang, of China, to develop and operate a new cross-border e-commerce platform. So reports Olean Times Herald.

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German Crypto Firm Ordered to Cease-and-desist After BaFin Calls Foul

The Karatbit Foundation, a German cryptocurrency company with endorsements from a number of ex-footballers, was ordered by the nation’s banking Watchdog, BaFin, to stop its blockchain operations after it was accused of “operating a pyramid scheme.” So reports The Next Web.

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NY Man Indicted for Alleged U.N.-based Cryptocurrency Scam

Asa Saint Clair, a New York man, has been accused of running a cryptocurrency scheme by fraudulently claiming it was connected to a U.N. affiliate “promoting international development through sports,” reads a Department of Justice indictment. So reports The Verge.

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After 3 Years, Hong Kong Surging On Back of FinTech Week

Eddie Yue, the chief executive of the Hong Kong Monetary Authority, said the fintech sector is thriving in the wake of the territory’s inaugural FinTech Week three years ago. So reports Shine.

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West Coast Challenges Big East Players

HMBradley has joined a growing list of Los Angeles-based companies aiming to disrupt the high finance sector dominated largely by East Coast players like Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley. So reports TechCruch.

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People’s Bank of China's New System to Certify 11 Types of Fintech Ware

China’s central bank has set up a new system to certify fintech software and hardware products with respect to making digital payments. So reports Cointelegraph.

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Tailfin Labs the Birthchild of Walmart and Green Dot

Walmart and Green Dot are partnering to create a fintech startup accelerator to focus on the intersection of consumer financial services and retail. So reports Tech Crunch.

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