News > FinTech, Blockchain, Financial Services

Coinbase is Now Valued at $8 Billion After Latest Fundraising Round
As expected, Coinbase has now reached an $8 billion valuation after wrapping up a $300-million Series E round, the company announced in a blog post on Tuesday. Asiff Hirji, president and COO of Coinbase, said in the blog post that the round was led by Tiger Global Management, with other funding provided by Y Combinator Continuity, Wellington Management, Andreessen Horowitz,
Coinbase Now Offers a Stablecoin Tied to the US Dollar
About a month after Circle launched its first stablecoin - known as the USD Coin or USDC - Coinbase announced in a blog post that it will now allow U.S. customers outside of New York to buy, sell, send and receive the USDC - making it the first stablecoin offered by the popular cryptocurrency exchange. Users will be able to
Advisory Group Recommends EU Regulate Most Crypto Assets Under Existing Securities Rules
When a federal judge in New York ruled last month that the U.S. government could proceed with a fraud case in which it alleges that an initial coin offering (ICO) is a security, it potentially gave the Securities and Exchange Commission an important precedent as it tries to solve a problem that is vexing regulators across the globe: How exactly
A Latin American Angel Investor's Advice On How to Succeed in Tech
Benzinga recently examined Merlin, a jobs platform that matches mostly blue-collar hourly talent with employers looking to hire. One of the co-founders, Güimar Vaca Sittic, a New York-based tech entrepreneur and prolific angel investor who's backed more than 100 companies, shared the successful tech venture's story. Merlin counts on over 50 employees working from Bogotá, Colombia, New York City and
Korea’s KB Financial Scores Patent for Blockchain Cybersecurity App
South Korean finance juggernaut KB Financial has reportedly been awarded a patent for its blockchain-based cybersecurity app, according to Cointelegraph, citing local news source The Digital Times. The new patent centers on a blockchain-cored solution which improves an “essential” security program for fintech apps by separating it from individual apps, thereby enhancing safety. The separation also has the bonus of
Cryptocurrencies Saw About $13 Billion in Value Erased in Three Hours
Stop us if you've heard this one before: Cryptocurrencies suffered massive losses that has placed its record highs of 2017 further in the rearview mirror. In a year of unrelenting terrible news for digital coins, Thursday's results were a doozy: Bitcoin had dropped almost 5 percent in morning trading to $6,303, while XRP and ethereum both plunged more than 10
Summer Capital Acquires Stake in Pending ‘Cryptocurrency Investment Bank’
Hong Kong-based investment firm Summer Capital is betting that regulators will allow SEBA Crypto AG to become the world’s first crypto investment bank, according to the SCMP: Summer Capital spokesman Jack Chung said he expects SEBA, which is headquartered in the affluent Swiss municipality of Zug, to receive approval as a banking and securities dealer by the Swiss Financial Market
Yale's David Swensen Makes First Investments in Cryptocurrency
David Swensen, the legendary chief investment officer of Yale University's $29.4-billion endowment, has apparently bucked the trend of some other high-profile investors and begun betting on the cryptocurrency market. CNBC is reporting that Swensen has invested in two crypto-focused venture funds: Andreessen Horowitz's recently launched $300 million fund and Paradigm, which is a new fund focused on blockchain and cryptocurrency
Report: Coinbase is About to Become One of the Richest Startups in the U.S.
Coinbase is finalizing a deal with Tiger Global that will value the company at $8 billion and make the San Francisco-based company one of the richest startups in the world, Recode reports. Tiger Global appears ready to make a $500-million investment in Coinbase, one of the most popular cryptocurrency exchanges in the U.S., and the company "is expected to add
Google Has Relaxed its Ban on Cryptocurrency Ads in the U.S. and Japan
Nearly four months after it banned all ads related to cryprotocurrencies and related content, Google announced that it will begin allowing cryptocurrency exchange advertisements in the U.S. and Japan. In an update to its financial products and services policy, Google indicated that it will "allow regulated cryptocurrency exchanges" to advertise in the two countries, effective in October. Advertisers will need