Fintech Focus For August 25, 2021

Quote To Start The Day: "The purpose of our lives is to be happy."

Source: Dalai Lama

One Big Thing In Fintech: New SEC Chair declares 'Nakamoto Invention Is Real' while warning exchanges about trading digital asset securities.

Source: Bitcoin Magazine

Other Key Fintech Developments:

• Voyager Digital trading on the TSX.
• OKEx intros $10M Metaverse offer.
• Ramp doubles its value in 5 months.
• Pngme adds $15M to expand offer.
• How mid-size banks survive fintech.
• Coinbase slammed on its support.
• Cora raises $116M Series B round.
• Coinbase is now available in Japan.
• Cal Athletics, FTX intro relationship.
• Morocco’s Chari.ma bought Karny.
• Stax added credit card capabilities.
• Chainalysis releasing DeFi metrics.
• Robinhood really a crypto exchange.
• Kredivo to become publicly traded.
• LITH token teams up with the UFC.
• GoDocs attracted M33 investment.
• Khatabook secures Series C round.
• InfStones added $10M in Series A.
• Circle, Coinbase derisk stablecoins.
• TruMark teamed with NCR on tech.
• TT, Mysteel team to launch offering.
• Blockstream secures $210M round.
• Paxos plans stablecoin rebranding.
• Citigroup looks to trade BTC future.
• Substack began accepting bitcoins.
• MicroStrategy announces BTC buy.

Watch Out For This: Binance and BitMEX exchanges have come under regulatory pressure, but coordinated crypto oversight seems limited in the U.S., Europe and Asia.

Source: Bloomberg

Interesting Reads:

Musk admitted to self-driving issue.
S&P 500 doubles to the fastest bull.
Funds trimming their hawkish bets.
Biden praises adoption of a budget.
Trudeau to ban foreign home buys.
Cathie Wood optimistic over China.
Ten cities weather COVID-19 risks.
The most well-funded tech startups.
Market Moving Headline: “The good news is that our economic recovery is unlikely to fully reverse, given lack of political will for a return to stricter lockdown measures. But evidence of a slowdown in third-quarter economic activity will continue to mount in the coming weeks, putting the Fed’s 7 percent real GDP growth projection for 2021 out of reach.”

Source: Guggenheim