San Francisco Financial News

05.02 / 03:09

Digital coinbase Bitcoin Coinbase 2017 Revenue Topped $1B: Recode

Coinbase, one of the world's largest cryptocurrency exchanges, brought in a fortune last year thanks to the exploding popularity of digital coins.

05.02 / 03:09

Ripple XRP SEC coinbase Coinbase to Suspend XRP Trading

Coinbase will suspend trading and deposits in XRP (XRPUSD), the world's third biggest cryptocurrency by market capitalization, starting Jan. 19, 2021. The San Francisco-based exchange cited the Securities and Exchange Commission's (SEC) decision to file a lawsuit against Ripple Labs, Inc., the company responsible for issuing XRP, for its decision. It also announced in a blogpost yesterday that trading in XRP will move to limit-only, meaning crypto traders will only be able to place limit orders on the cryptocurrency, starting tonight.

01.02 / 00:41

Provident Progressive businesses Reserve Federal Reserve's Barkin says businesses would welcome higher interest rates

The U.S. economy is ready for interest rate increases to control rampant inflation, Richmond Federal Reserve President Thomas Barkin said Monday.

29.01 / 18:35

Blockchain Ripple XRP SEC Q4 Ripple’s Q4 2021 results showcases its ‘most successful year’ despite headwinds

As numbers are crunched and final figures are added to press releases, Ripple too joined the host of companies releasing their reports for the final quarter of 2021. After a tumultuous year, many investors might be asking the same question – just how badly did SEC vs Ripple hit the company’s performance?

28.01 / 20:17

Blockchain Ripple XRP SEC letter SEC vs Ripple: Ripple responds to SEC’s letter to strike their fair notice defense

The United States’ Securities and Exchange Commission’s lawsuit against Ripple is once again heating up the courtroom, even in the middle of winter. After several tussles between the American regulator and the blockchain company over extension requests, the SEC has filed a Letter of Supplemental Authority. This adds to its motion to strike at a major pillar in the case – Ripple’s Fair Notice Defense.

26.01 / 16:07

business Blockchain Ripple SEC Buyback Ripple announces $200M share buyback and expresses optimism for 2022

Blockchain payments firm Ripple has announced a $200 million Series C share buyback, a decision that will take the San Francisco-based tech firm to a record-high valuation of $15 billion.

21.01 / 00:17

business Law Binance Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking

Around the time Binance.US announced former Comptroller of the Currency Brian Brooks would be leading the crypto exchange, former CEO Catherine Coley effectively dropped off the face of the digital world.

20.01 / 13:43

Blockchain Digital Platform NFT platform Autograph Raises $170M in Series B funding

Autograph, an NFT platform focused on investing in sports, entertainment, and culture founded by Super Bowl champion Tom Brady, has raised $170 million in Series B funding co-led by a16z and Kleiner Perkins.

19.01 / 23:55

business NFT Funding Marketplace Tom Brady's NFT platform Autograph raises $170M to scale operations

The nonfungible token marketplace Autograph co-founded by Super Bowl champion Tom Brady has announced it closed on a $170 million funding round.

19.01 / 13:47

Provident Digital Platform Mobile Regulator Offers Conditional Approval to SoFi Bank, despite Crypto Asset Activities

American online personal finance company Social Finance, Inc., commonly known as Sofi, has obtained conditional approval from the Office of the Comptroller of the Currency (OCC) to establish SoFi Bank, National Association (SoFi Bank, NA), a full-service national bank, with restrictions on banks The ability to engage in crypto asset activities.

19.01 / 04:33

Twitter CEO regulatory SoFi stock soars after clearing final regulatory hurdle to become a bank

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18.01 / 21:12

Provident Digital Gemini Bitcoin Crypto exchange Gemini pushes into wealth management with acquisition of BITRIA

Gemini, the $7.1 billion crypto exchange, is getting into wealth management with the acquisition of a digital asset platform for financial advisors, CNBC has learned exclusively.

18.01 / 19:53

Digital Platform coinbase Gemini Gemini Enters Wealth Management After Acquiring BITRIA

Gemini, a $7.1 billion cryptocurrency exchange, announced Thursday that it has acquired five-year-old San Francisco-based digital asset portfolio management firm BITRIA to provide a digital asset ecosystem for wealth management institutional asset managers.

11.01 / 15:11

Blockchain Adoption Bitcoin Block job postings reveal Jack Dorsey's Bitcoin plans

In two recent job postings on LinkedIn, Jack Dorsey’s Block (formerly Square) revealed the group’s plans to develop “the next generation of mining ASIC,” and make a hardware wallet for the next 100 million Bitcoin (BTC) users.

06.01 / 18:51

MET Software How a PE billionaire’s crypto bets helped double his firm’s assets to more than $90bn

While the nation was in lockdown mode in the spring of 2020, the nation’s most successful private equity software investor found himself in Puerto Rico with nothing to do. Orlando Bravo, the billionaire chief of private equity firm Thoma Bravo, had left San Francisco to spend the first months of the pandemic on the island where he grew up.

05.01 / 11:17

MET Software How a PE billionaire’s crypto bets helped double his firm’s assets to more than $90bn

15.12 / 17:13

JPMorgan Chase Drop JPMorgan moves annual healthcare conference to virtual after attendees drop out on omicron fear

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02.12 / 11:47

Blockchain Technology Twitter Jack Dorsey's Square changes corporate name to Block in nod to blockchain

Square, the payments company led by Twitter co-founder Jack Dorsey, said on Wednesday it was changing its name to Block Inc, as it looks to expand beyond its payment business and into new technologies like blockchain.

01.12 / 17:47

defi DEX Liquidity Decentralization IDEX to launch hybrid liquidity decentralized exchange on Polygon

IDEX, a decentralized cryptocurrency exchange (DEX) based in San Francisco, has announced the upcoming launch of its v3 Hybrid Liquidity DEX on Polygon.

17.11 / 13:24

Blockchain Digital Ripple SEC Here’s Ripple’s plan for U.S regulators to stop a crypto ‘brain drain’

While making the most of flexible regulations abroad, Ripple has been urging American regulators for more clarity regarding the crypto-sector at home.

11.11 / 12:35

Twitter FTX leads $150m Series C extension for Chipper Cash

Founded in San Francisco in 2018 by Ugandan Ham Serunjogi and Ghanaian Maijid Moujaled, Chipper Cash is a mobile app that lets people transfer money across borders, fast and cheaply.Currently available in seven African countries - Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania and Uganda - as well as the UK, the startup claims to have four million users.The firm is looking to expand to new countries and has recently introduced a crypto product and will soon let users invest in US

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