Fintech Archives - Cryptopress

Crypto SPACs Enter The Ecosystem

Cryptocurrencies have reached the ecosystem of digital payments and finance. Through a small IPO, $200 million has been raised by Crypto 1, with this capital, the company plans to strengthen its presence in the crypto market and expand its offerings in that market. Following the creation of its first Special Purpose Acquisition Company (SPAC), Crypto 1, one of the venture capital firms and asset managers in the cryptos-based industry, was able to raise a total of $200 million through an initial pre-sale campaign (IPO). Developed by SPACs International, Inc., an entity that went public in 2019 and operates as a registered public company,...

Bitcoin, Cryptocurrencies, Featured, Fintech

Socure Ranked as the Fastest-Growing Identity Verification Company in North America on the 2021 Deloitte Technology Fast 500™

Socure Achieves 783% Increase in Revenue Growth from 2017 to 2020 and is the Market Leader in the Identity Verification Industry November 18, 2021 10:47 AM Eastern Standard Time NEW YORK–(BUSINESS WIRE)–Socure, the leading provider of digital identity verification and fraud solutions, today announced it is the fastest-growing identity verification vendor on the Deloitte Technology Fast 500™ for the second year in a row, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. Socure’s revenue grew 783% from 2017...

Blockchain, Fintech, Press release

Lowest Cost Bitcoin-Linked ETF to Launch on November 16: VanEck Bitcoin Strategy ETF (XBTF)

Developed by ETF and crypto innovators, VanEck structured XBTF as a C-Corporation aimed at tax efficiency for long-term investors and fairly priced November 15, 2021 09:00 AM Eastern Standard Time NEW YORK–(BUSINESS WIRE)–VanEck today announced the anticipated launch of the VanEck Bitcoin Strategy ETF (XBTF), an actively managed ETF that seeks capital appreciation by investing in standardized, cash-settled bitcoin futures contracts. XBTF is expected to list on Cboe on November 16, 2021. XBTF comes to market as the lowest-cost bitcoin-linked ETF, with a net expense ratio 30 basis points (bps) lower than its next...

Bitcoin, Cryptocurrencies, ETF, Fintech, Press release

OLB Group Announces Closing of $25 Million Private Placement Priced At-the-Market Under Nasdaq Rules

November 08, 2021 09:50 AM Eastern Standard Time NEW YORK–(BUSINESS WIRE)–The OLB Group, Inc. (NASDAQ: OLB) (“OLB” or the “Company”), a provider of cloud-based omni-commerce and payment acceptance solutions for small- and mid-sized merchants, announced today it has closed its previously announced private placement priced at-the-market under Nasdaq rules (the “Offering”). The Offering consisted of 4,545,455 shares of Common Stock (“Common Stock”) (or pre-funded warrants in lieu thereof) and warrants to purchase up to 4,545,455 shares of Common Stock (“Common Warrants”), for gross proceeds to OLB of approximately $25 million,...

Bitcoin, Crypto Mining, Cryptocurrencies, Fintech, Press release

Coinbase to Participate in the 2021 Citi FinTech Conference

November 08, 2021 04:00 PM Eastern Standard Time Remote-First-Company/SAN DIEGO–(BUSINESS WIRE)–Coinbase Global, Inc. announced today that Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the 2021 Citi FinTech Conference on Monday, November 15, 2021 at 9:45 a.m. PT / 12:45 p.m. ET. A live webcast and replay of the virtual session will be available on Coinbase’s Investor Relations website at https://investor.coinbase.com. Disclosure Information Coinbase uses the investor.coinbase.com and blog.coinbase.com websites, as well as press releases, public conference calls, public webcasts, our...

Crypto apps, Crypto world, Cryptocurrencies, Fintech, Press release

Interactive Brokers Launches ‘IMPACT’ Mobile Trading Platform for Socially Conscious Investors

IMPACT allows users to invest according to their values and create the world they want to see November 03, 2021 10:00 AM Eastern Daylight Time GREENWICH, Conn.–(BUSINESS WIRE)–Interactive Brokers Group (Nasdaq: IBKR), a global brokerage firm, today unveiled IMPACT, a patent pending mobile trading application designed to help investors easily align their portfolios with their values and help shape the future they wish to see. Expanding upon our Environmental, Social and Governance (ESG) trading initiatives, IMPACT by Interactive Brokers features a simple and intuitive app design that streamlines the sustainable investing...

Altcoins, Bitcoin, Cryptocurrencies, Ethereum, Fintech, Press release

FV Bank Becomes Principal Member of Visa. Set to Launch Cryptocurrency Linked Visa Card Programs

FV Bank redefines banking with first vertically integrated banking, digital asset custody, and debit and credit card offerings PUERTO RICO Oct 29 2021 (Blockchain Wire) FV Bank (www.fvbank.us), the rapidly growing U.S. licensed global challenger bank and digital asset custodian, has announced that it has been approved as a Principal Member of Visa. This is a key milestone in further establishing FV Bank as a market leader and full-service bank offering both traditional banking services alongside market-leading digital asset custody and now issuance of Visa cards. The new card issuing capability represents an evolution...

Blockchain, Cryptocurrencies, Fintech, Press release

Mastercard and Bakkt Partner to Offer Innovative Crypto and Loyalty Solutions

Mastercard customers can now enable consumers to buy, sell and hold cryptocurrency, deliver unique, crypto-centric loyalty opportunities, and streamline issuance of branded crypto debit and credit cards October 25, 2021 09:30 AM Eastern Daylight Time LAS VEGAS & ALPHARETTA, Ga. & PURCHASE, N.Y.–(BUSINESS WIRE)–Today at Money20/20, Mastercard (NYSE: MA) and Bakkt (NYSE: BKKT) announced a multifaceted partnership to make it easier for merchants, banks and fintechs in the U.S. to embrace and offer a broad set of cryptocurrency solutions and services. Consumers, in turn, will experience expanded access to the digital...

Crypto world, Cryptocurrencies, Fintech, Press release

Wyre Joins Visa’s Fintech Fast Track Program

SAN FRANCISCO Aug 19 2021 (Blockchain Wire) Wyre, a leading fiat-to-crypto and payment infrastructure company, has to date processed millions of Visa credit and debit card transactions from 60 countries. Today, Wyre announced a deepening of that collaboration with Visa. Through its acceptance into Visa’s Fintech Fast Track Program, Wyre will gain unprecedented access to Visa technology and resources, leveraging the reach, capabilities, and security of Visa to build the next generation of fintech innovations. Through Visa Fast Track, Wyre will be able to provide additional functionality to Wyre’s users, allowing...

Cryptocurrencies, Fintech, Press release

Morgan Stanley Invests In Bitcoin: Why Banks Are Buying Bitcoin

Morgan Stanley is preparing to launch a bitcoin futures trading desk, making it the first major Wall Street firm to do so. Morgan Stanley Research released its annual report on the future of financial services today, which contains a surprising inclusion of a market analysis on Bitcoin. also, the banking institution has allegedly been in negotiations to buy a major stake in Bithumb, Korea’s largest cryptocurrency exchange, following the announcement of the investment banking giant’s first move to offer its customers exposure to Bitcoin. Morgan Stanley Invests In Bitcoin In its annual report to investors, Morgan Stanley...

Crypto world, Cryptocurrencies, Fintech

Tag: Fintech