How Tax Authorities Should Treat Cryptocurrency Staking Rewards

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  Let me start with a confession: I am not smart enough to be a tax lawyer, certainly not a US tax lawyer.  The intricacies of the US tax code defy my brain’s attempts to systematize a coherent taxonomy.  The tax code is too complex… Read More

Marketplace Lender SocietyOne Tops $1 Billion in Lending

SocietyOne, an Australian marketplace lending platform, says it has topped $1 billion in online lending in January. SocietyOne notes that it launched a secured lending product in December and said the month generated a record amount of originations. The secured product first completed a pilot… Read More

Acorns CEO Noah Kerner Discusses Micro-Investing & The Importance of Diversification During Retail Trading Surge With CNBC (Video)

Noah Kerner, the CEO of micro-investing mobile app Acorns, joined CNBC’s Squawk on the Street on Tuesday to discuss the Acorns platform, along with the importance of diversification during the latest retail trading surge. During his interview, Kerner revealed that the Acorns platform has almost… Read More

LoanDepot Expected to IPO This Week Raising Over $300 Million

Yesterday, LoandDepot filed an updated S-1 with the Securities and Exchange Commission as it bumped up its share price to $21 for a forthcoming initial public offering (IPO) that may raise a gross amount of over $362 million. According to the document, LoanDepot is offering… Read More

DealerPolicy Attracts $30 Million Through Series B Funding Round Led 3L Capital

  DealerPolicy, a U.S.-based insurance marketplace solution for dealers, announced on Tuesday it raised $30 million through its Series B funding round, which was led by 3L Capital. As previously reported, DealerPolicy claims to be the most trusted and complete digital insurance marketplace for automotive… Read More

MyCrypto Announces New Multi-Account Ethereum Wallet Manager & Revamped Platform

MyCrypto, a U.S.-based open-source interface for digital assets, announced on Tuesday it has launched a new multi-account Ethereum wallet manager and revamped its platform. According to MyCrypto, the new platform empowers users to manage all of their Ethereum accounts in one place. “Other interfaces offer… Read More

Healthcare Tech Solutions Provider Nextech Announces Integrated Payment Capabilities Partnership With Stripe

  Nextech, a provider of healthcare technology solutions for specialty physician practices, announced on Tuesday it has teamed up with Stripe to deliver advanced integrated payment capabilities to Nextech’s thousands of customers. Founded in 1997, Nextech stated that Nextech Payments enables practices to accept and… Read More

U.S. Fintech Routefusion Secures $3.6 Million Through Seed Investment Round Led By Silverton Partners

Routefusion, a U.S.-based fintech focused on providing the easiest and fastest way for tech companies to embed cross-border payments in their applications, announced on Tuesday it raised $3.6 million through its seed investment round, which was led by Silverton Partners with participation from Initialized Capital, NextWorld Capital and William… Read More

Venezuelan President Says Country will Fully Transition to a Digital Economy as Certain Banks Issue USD based Debit Cards

Banks in Venezuela are reportedly issuing debit cards for US dollar-denominated accounts, according to a report from Reuters which cited sources familiar with the matter. There’s now a group of Venezuelan banking institutions that have been providing debit cards to customers who maintain accounts in… Read More

BBVA Set to Invest As Much As $150 Million in Propel Venture Fund

  BBVA announced on Tuesday it plans to invest as much as $150 million in new capital to support Propel Venture Partners (PVP), bringing its total commitment to over $400 million, including its previous investment in 2016. BBVA reported that this announcement builds on the… Read More

RateSetter Sells Loan Portfolio to Metro Bank

RateSetter, a leading UK based peer to peer lender, announced on Tuesday that Metro Bank is purchasing its loan portfolio in line. RateSetter reported that Metro Bank has been funding all-new consumer lending following the RateSetter acquisition, which took place in September 2020. “Today’s announcement… Read More



Digital Asset Exchange Gemini Announces “Gemini Earn” as Way for Account Holders to Earn Interest on Crypto Holdings

Digital asset exchange Gemini has launched a new interest-earning program called “Gemini Earn.” According to the company, Gemini Earn allows customers to earn up to 7.4% APY on cryptocurrencies. Crypto investors may earn interest on cryptocurrencies via the Gemini platform and the product is available… Read More

China: WeiyangX Fintech Review

The Fintech Committee of the People’s Bank of China Announces Key Tasks in 2021 At the end of January 2021, the People’s Bank of China Fintech Committee meeting was held in Beijing. The meeting summarized the work in 2020 and announced key tasks in 2021…. Read More

Fintech Curve Adds Former Samsung Executive to Board of Directors

Curve, a UK based Fintech providing banking services, has named Cuong Do as an independent Board director, according to a note from the company. Do was most recently President of the Samsung Global Strategy Group, where he was responsible for developing and executing enterprise-wide strategy and… Read More

Visa Launches AI-Powered Services Suite “VisaNet +AI”

    Visa Inc. (NYSE: V) announced on Tuesday the launch of VisaNet +AI. According to Visa, VisaNet +AI is described as a suite of AI-powered services that address long-standing challenges and pain points for banks, merchants and consumers, which includes delays and confusion with… Read More

As Part of Radius Bancorp Purchase LendingClub Files Shelf Statement on Shares, Cash Involved in Acquisition

LendingClub (NYSE:LC) just closed on the acquisition of Radius Bancorp as it morphs from an online lender to a full-stack digital bank. Today, a shelf registration statement has popped up outlining the terms of the deal that reveals the shares-cash purchase price. LendingClub previously disclosed… Read More

PayU Partners with Silverflow on Payments Service

Payments Fintech PayU has partnered with Silverflow, a cloud-based payments processing startup, to offer Payment Service Providers (PSPs) a new card acquiring process. According to a release, by combining Silverflow’s direct connection to the card networks with PayU’s acquiring capabilities, the two companies will improve… Read More

LendingUSA Opens Second Round Paycheck Protection Program Applications For Small Business Owners

  LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, recently announced it has teamed up with Cross River Bank to open second round of Paycheck Protection Program (PPP) applications for small businesses. LendingUSA reported that small business… Read More

Fintech Experts at Google Pay, GoFundMe, and Adyen Reveal Key Payments Trends to Watch Closely in 2021

Payments platform Adyen (AMS:ADYEN) recently examined the major shifts that are shaping the North American payments space (from the experts at Google Pay, GoFundMe, and Adyen). Adyen noted that in October 2020 they virtually welcomed merchants and payments experts for discussions during the Payments Decoded… Read More

Digital Banking Platform Revolut Explains why Cyber Insurance has Become Necessary for Internet Firms with Cyberattacks on the Rise

Public liability, professional indemnity and employers liability are no longer adequate when it comes to protecting your company or business. But there are certain covers available that could secure your company further, according to a blog post published by Revolut. The leading digital banking platform… Read More

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