The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners.
Cathie Wood’s ARK buys $1.5M SOFI shares as SoFi exits crypto
Cathie Wood’s ARK has been actively accumulating shares of SoFi, which announced plans to terminate crypto services by the end of 2023.
ARK Invest Sells Another $5M of Coinbase Shares; Buys Robinhood, SoFi
The sale of 38,668 COIN shares from the Ark Fintech Innovation ETF follows a similar offload on Monday.
Digital Finance Firm SoFi Hands Its Crypto Business to Blockchain.com
Blockchain.com President Lane Kassleman said in an interview that his firm’s SoFi partnership equates to hundreds of thousands of users and hundreds of millions of dollars.
SoFi Technologies to cease crypto services by Dec. 19
“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote.
Data transfer network Plaid integrates 4 major crypto exchanges
The San Francisco-based fintech company now supports Binance.US, Gemini, Robinhood and SoFi accounts.
Chamath Palihapitiya sells 15% of his stake in SOFI
Bitcoin billionaire Palihapitiya will use earnings from the sale to fund other “future-shaping technologies” for his venture firm.
Blockchain-based fintech firm Figure raises $200M
Figure Technologies brings its valuation to $3.2 billion with a new round of funding.
SoFi to Go Public Through SPAC Merger at $8.6B Valuation
The online lending platform agreed to merge with Social Capital Hedosophia Holdings Corp V IPOE.N.
Online Lender SoFi’s Application to Create a National Bank Conditionally Approved by US
The approval, if made final, opens the door for the new bank to custody cryptocurrencies.
Figure’s Mike Cagney: How to Build a Business in Blockchain
Mike Cagney, who also co-founded SoFi, is one of fintech’s most accomplished entrepreneurs. He talks to ConsenSys’s Lex Sokolin about keys to success for blockchain startups.
Student Lender SoFI Gets NY BitLicense, Clearing Way to Offer Crypto Trading
SoFi has been granted a BitLicense by NYDFS, allowing it to provide crypto trading services to New Yorkers.
Online Lender SoFi to Launch Bitcoin and Ethereum Trading Next Week
The millennial-focused SoFi will offer trading in bitcoin, ethereum and litecoin next Tuesday and source its liquidity from Coinbase.
Online Loan Platform SoFi Will Offer Crypto Trading Through Coinbase
SoFi, an online lending platform, will reportedly allow customers to buy crypto through Coinbase starting in 2Q.