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Bitcoin Daily: FINMA Grants Licenses To Two New Blockchain Firms; ShortHop Crypto Exchange Launches In Seven New States

PYMNTS

The Swiss Financial Market Supervisory Authority (FINMA) has granted the first “banking and securities licenses” to two blockchain companies: SEBA Crypto AG and Sygnum AG. states: Indiana, Massachusetts, Nevada, New Jersey, Rhode Island, Arizona and Montana.

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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

As the initial rush to secure PPP loans dies down, financial institutions now face a new set of questions: How do financial institutions handle misused, unforgiven loans and fraudulent loans? In the case of the two men in Rhode Island, there were several red flags pointing to fraud. Is there a difference? C&I Loans.

Lending 195
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How Big Tech Is Finally Tackling Cybersecurity

CB Insights

Read our future of data security report for more on this topic. ). It comes as no surprise, then, that big tech players like Facebook, Amazon, Microsoft, Google, and Apple (FAMGA) are investing heavily in data security — especially as several have fallen victim to data breaches themselves. Table of contents.

Google 76
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

But a few common threads do emerge, such as an inability to generate sustainable revenue, bad product-market fit, losing to competitors, and (of course) simply running out of money. Company: AOptix Technologies. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts.

Capital 78
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GOP Leader Demands Twitter CEO Testify In Antitrust Probe

PYMNTS

Jim Jordan , ranking member of the House Committee on the Judiciary, said in a letter , “there is bipartisan interest to hear from Twitter about its power in the marketplace, its role in moderating content on its platform, and the causes for its recent highly publicized security breaches.”. The letter was addressed to Democratic U.S.