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Bitcoin Daily: Deribit Crypto Exchange Flees Netherlands’ Tight Regulation; Illinois Now Recognizes Blockchain Contracts As Legally Binding

PYMNTS

On another note, Illinois has become the most recent state to recognize blockchain-based records, including smart contracts, as legal, according to CoinDesk. Illinois’s Blockchain Technology Act went into effect on Jan. 1, and was sponsored by Representative Keith Wheeler. million in a Series A funding round, led by WisdomTree.

Illinois 131
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The United States Of Venture Capital: The Most Active VC In Each State

CB Insights

Using CB Insights data, we analyzed the most active venture capital firm in each state, based on unique tech investments from 2014 to 2019 YTD (1/24/19). We excluded debt deals and only considered venture capital, corporate venture capital, super angel, and growth equity firms. Merus Capital. BIP Capital.

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GenNx360 Acquires B2B Industrial, AMW Packaging

PYMNTS

New York private equity firm GenNx360 Capital Partners has acquired B2B Industrial and the assets of AMW Packaging Supply , which will give the company a boost in the industrial packaging space, according to a press release. B2B Industrial is based in Illinois, while AMW is based in Arizona.

Industry 181
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FedEx Int’l Priority, US Residential Volumes Fuel Strong Q2 Results

PYMNTS

Management said the company is not offering a fiscal 2021 earnings forecast, and noted that the capital spending outlook for the year stays at $5.1 ShopRunner, which is based in Illinois, links millions of consumers to more than 100 well-known brands, offering a smooth shopping experience throughout merchants.

US 262
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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Petal spun off Prism Data , a cash flow underwriting solution, and raised equity financing with existing investors and debt financing from Victory Park Capital. Railsr , an embedded finance provider of credit card as a service, announced its sale to a consortium of investors led by D Squared Capital. LevelField Financial Inc.

Fintech 103
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New Unemployment Claims Down 48K To 709K

PYMNTS

31 were in Illinois (+20,377), Kentucky (+3,868), Pennsylvania (+3,768), Ohio (+3,766) and Kansas (+2,711), while the largest decreases were in Massachusetts (-8,470), Georgia (-6,442), New York (-5,883), Michigan (-3,067) and New Jersey (-2,500). The highest insured unemployment rates in the week ending Oct. and Alaska (6.1).

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Expert Network Tegus Raises $90M To Take On GLG, Third Bridge, Guidepoint, And AlphaSights

CB Insights

Tegus , a market intelligence platform, has raised $90M in a Series B round that drew participation from Oberndorf Enterprises and Willoughby Capital Management. Illinois-based Tegus is a market intelligence platform for institutional investment firms, investment banks, consultancies, and other organizations. Want the full post?