(On Jan. 10, the Securities and Exchange Commission (SEC) approved the listing and trading of several spot bitcoin exchange-traded product (ETP) shares, including exchange-traded funds (ETFs). The Grayscale Bitcoin Trust (GBTC) became the first among many bitcoin-based ETP offerings to hit the market. As more cryptocurrency-based, decentralized finance (defi) instruments are launched, many are wondering… Read More >>
Boom Years Ahead for FinTech, Report Says
After a long period of relative obscurity, the financial technology (FinTech) sector is finally coming into the spotlight, attracting enough attention and startup capital to suggest big changes could lie just over the horizon. For proof, just follow the money. In 2013, global investment in FinTech stood at just $4.05 billion. Last year it exploded,… Read More >>
OpenFin Raises $3M to Scale Up Offerings
FinTech startup, OpenFin, a provider of HTML5 runtime technology for financial services firms, has raised $3.0 million in financing that will be used for product development and engineering team expansion in New York and London, officials say. These teams will work toward scaling OpenFin’s offerings to meet client needs. OpenFin’s HTML5 implementation is based on… Read More >>
