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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. The exchange is already live in California, Washington and Illinois.

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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.

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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. Collectively, FAMGA has poured nearly $2.5B

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

CB Insights

Company: AOptix Technologies. The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year. So its secured lender, which [founder Scott] Jones didn’t name, recently emptied ChaCha’s bank accounts.

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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.

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Lawmakers Eye Increased Libra Oversight

PYMNTS

Sylvia Garcia, Democrat of Texas, and Lance Gooden, Republican of Texas, introduced a bill that would put the would-be crypto under the oversight of the Securities and Exchange Commission (SEC). The move, according to the publication, would subject the digital coin to “a set of extensive and well established regulations.”.

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Libra’s Long Week In Washington 

PYMNTS

Just because we may not fully understand a new technology proposal does not mean we should immediately call for its prohibition, especially when that proposal is just that, a proposal,” North Carolina Rep. Washington must go beyond the hype and ensure that it’s not the place where innovation goes to die. Can Milo Yiannopoulos use Libra?