Fintech Focus For August 25, 2021
Quote To Start The Day: "The purpose of our lives is to be happy."
Source: Dalai Lama
One Big Thing In Fintech: New SEC Chair declares 'Nakamoto Invention Is Real' while warning exchanges about trading digital asset securities.
Source: Bitcoin Magazine
Other Key Fintech Developments:
Voyager Digital trading on the TSX.
OKEx intros $10M Metaverse offer.
Ramp doubles its value in 5 months.
Pngme adds $15M to expand offer.
How mid-size banks survive fintech.
Coinbase slammed on its support.
Cora raises $116M Series B round.
Coinbase is now available in Japan.
Cal Athletics, FTX intro relationship.
Morocco’s Chari.ma bought Karny.
Stax added credit card capabilities.
Chainalysis releasing DeFi metrics.
Robinhood really a crypto exchange.
Kredivo to become publicly traded.
LITH token teams up with the UFC.
GoDocs attracted M33 investment.
Khatabook secures Series C round.
InfStones added $10M in Series A.
Circle, Coinbase derisk stablecoins.
TruMark teamed with NCR on tech.
TT, Mysteel team to launch offering.
Blockstream secures $210M round.
Paxos plans stablecoin rebranding.
Citigroup looks to trade BTC future.
Substack began accepting bitcoins.
MicroStrategy announces BTC buy.
Watch Out For This: Binance and BitMEX exchanges have come under regulatory pressure, but coordinated crypto oversight seems limited in the U.S., Europe and Asia.
Source: Bloomberg
Interesting Reads:
Musk admitted to self-driving issue.
S&P 500 doubles to the fastest bull.
Funds trimming their hawkish bets.
Biden praises adoption of a budget.
Trudeau to ban foreign home buys.
Cathie Wood optimistic over China.
Ten cities weather COVID-19 risks.
The most well-funded tech startups.
Market Moving Headline: “The good news is that our economic recovery is unlikely to fully reverse, given lack of political will for a return to stricter lockdown measures. But evidence of a slowdown in third-quarter economic activity will continue to mount in the coming weeks, putting the Fed’s 7 percent real GDP growth projection for 2021 out of reach.”
Source: Guggenheim
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