UK police just sold criminally-seized Bitcoin for above market rates - UK police raised £300,000 ($369,000) through the auction of criminally-seized Bitcoin this week sold above market value. The seized crypto stash was from 20-year-old Norwich man Elliot Gunton - the self-described “full-time crypto trader.” Read moreFrance and Germany have said they will oppose Facebook’s digital currency - France and Germany have formed a united front against Libra, Facebook’s proposed digital currency. Read moreSoutheast Asia’s no. 1 travel app is getting into fintech - Traveloka, Southeast Asia’s largest online travel startup, will issue a credit card with Indonesia’s PT Bank Rakyat Indonesia linked to its booking services. Read moreChina’s shadow banking industry roars back - China’s $8.4tn shadow banking industry has surged back to life this year, as regulators scale back deleveraging in an effort to spur economic growth. Read moreSoftBank executives balk at big loans to invest in Vision Fund - As a test of loyalty to founder Masayoshi Son, some SoftBank executives have been encouraged to fund stakes in Vision Fund II by borrowing more than 10 times their salary. Read moreNo bank charter? No problem. Fintechs team up with small-town banks - Customers of Square, might assume that the cash they send to friends on the platform is housed in a glassy building in Silicon Valley, tended to by hoodie-clad tech workers. Not so. Read moreThe $100t opportunity: the race to provide banking to the world’s poor - A great profile in Forbes of Tala, a west coast start-up, focused on delivering rudimentary financial services to the 1.7 billion people on the planet who lack even a bank account. Read moreStepStone launches private wealth solutions group - StepStone, a global private markets specialist, has launched Conversus, a new platform focused on delivering StepStone's institutional capabilities to high net worth and mass affluent investors. Read moreDealogic completes the acquisition of Selerity - Dealogic has acquired New York based financial unstructured data analytics platform Selerity for an undisclosed amount. Read moreTemenos acquires Kony - Geneva-based core banking software provider Temenos has agreed to acquire Austin-based digital banking platform Kony for $559m. The acquisition enhances Temenos' scale and capabilities in the U.S. Read moreSoFi launches crypto trading with Bitcoin, Litecoin and Ethereum - The personal finance company that specializes in student loan refinancing will now allow its users to buy and sell cryptocurrencies alongside stocks and ETFs - it will charge 1.25% per trade and utilize partner exchanges. Read moreAlibaba eyes 1b annual active users by 2024, picks up 33% stake in Ant Financial - Following the satisfaction of the closing conditions set forth in a 2014 agreement, Alibaba has received a newly issued 33% equity interest in Ant Financial. Read moreHarbor tokenizes $100m in real estate funds - SF based compliance and digital tokenization startup Harbor is working with Seattle-based real estate firm iCap Equity to bring greater liquidity and to non-tradeable REIT funds. Read moreThe owner of the New York Stock Exchange is now in the Bitcoin business - After much delay, the first "physically settled" Bitcoin futures which allow institutionally minded investors to buy or sell the digital asset at a specific price at a specific time in the future. Read moreBitcoin Is among the top 30 largest world currencies, despite being down 50% from ATH - Interesting graphic from BlockTown Capital which shows the M2 market supply (savings deposits, mutual funds, check deposits, and cash in circulation) of the world's largest currencies. Bitcoin comes in slightly above the Colombian peso. Read more"Flash Boys" exchange IEX drops out of corporate listings - While IEX has been hitting record stock trading volumes and revenues on its stock exchange, the momentum behind the listings business has waned enough that CEO Brad Katsuyama has chosen to ditch the business line. Read more |
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