Fintech Focus For April 27, 2021

Quote To Start The Day: A warrior is a guy that goes, ‘I’m here again today. I’ll be here again tomorrow and the next day.’ It’s a person who puts no limit on what’s possible.
Source: David Goggins

One Big Thing In Fintech: JPMorgan Chase is preparing to offer an actively managed bitcoin fund to certain clients, becoming the latest, largest and – if its CEO’s well-documented distaste for bitcoin is any indication – unlikeliest U.S. mega-bank to embrace crypto as an asset class.

Source: Coindesk

Other Key Fintech Developments:

• Ladies Get Paid, Public add speaker.
• Current, MrBeast launch partnership.
• Conversation: Adam Hadi of Current.
• Standard Life Aberdeen is rebranding.
• BIDS trading to grow beyond equities.
• Broadridge integrates FundApp tech.
• Analysis: $100M Clearbanc Series C.
• Brex raises $425M in Series D round.
• Chief’s player receives salary in BTC.
• Securrency announces a $30M round.
• Atomyze added CFTC commissioner.

Watch Out For This: The risk of being exposed to Covid-19 indoors can be as great at 60 feet as it is at 6 feet in a room where the air is mixed — even when wearing a mask, according to a new study by Massachusetts Institute of Technology researchers who challenge social distancing guidelines adopted across the world.

Source: CNBC

Interesting Reads:

• Unpacked: Americans leaving cities.
• Biden sets $1M CGT hike threshold.
• Tesla sold $272M of its bitcoin in Q1.
• Iranian ships swarmed U.S. vessels.
• Weav taps $4.3M for commerce API.
• Airbus taps Lumina over lidar testing.
• Lyft sold autonomous tech to Woven.
• Tesla left growth outlook unchanged.

Market Moving Headline: “The Fed is going to likely reiterate their patient stance here,” said Emily Roland, co-chief investment strategist at John Hancock Investment Management. “I’m anticipating that they acknowledge the recent strength we’ve seen in economic data but they will continue to highlight we are a ways away from achieving their goal of full employment. I think they’ll continue to assure markets that Fed policy is going to remain firmly dovish for some time.”

Source: Bloomberg