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SEC: Some Crypto Coins Are Securities (Not Bitcoin)

PYMNTS

The Securities and Exchange Commission’s (SEC) leading authority on bitcoin, cryptocurrency and initial coin offerings (ICOs) has ruled that some well-known cryptocurrencies like bitcoin and Ethereum are not securities. As such, they can expect to come under the regulatory control of the SEC and relevant securities laws.

Bitcoin 159
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Plaid To Focus On Growing European Market

PYMNTS

The focus for the San Francisco-based company is now on broadening its global reach after an acquisition for $5.3 Plaid allows users to securely connect and share data their financial accounts to their apps, like Venmo. FinTech startup Plaid is looking at doubling its size in Europe, Bloomberg reported.

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Fintech Is Back

Bank Innovation

EXCLUSIVE (SAN FRANCISCO) -- Welcome back to the fintech boom. But the fintech market has rebounded. At this time last year, fintech was in a downturn. Fintech venture funding was down more than 9% year-over-year; valuations seemed stuck.

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Can Banks Solve their Small-Dollar Loan Problem with Fintech Partnerships?

Bank Innovation

Aura, a San Francisco-based fintech offering affordable loans to low to moderate-income households, wants to partner with banks to offer those loans to consumers who have traditionally been unable to secure them from larger institutions.

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Digital Money Platform Uphold Acquires JNK Securities

PYMNTS

Digital money platform Uphold announced that it has reached an agreement to acquire New York Stock Exchange member JNK Securities Corp. In its 25-year history, JNK has continued to evolve with the financial markets. The company has global operations in Braga, London, Los Angeles, Mexico City, and San Francisco.

Security 108
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Ex-Uber Exec To File $250M SPAC IPO Backed By Former Google CEO

PYMNTS

a special purpose acquisition company or SPAC , with the Securities and Exchange Commission (SEC). Harris said SPACs have gone from 3 percent to 20 percent of the market during the recent rush in cases. There’s a real need for quick, confidential capital and price certainty and for sponsorship in the markets,” he said.

Google 257
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Enterprise Security Returns To Top Of B2B Investment Mountain

PYMNTS

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California. Contrast Security.

Security 189