Fintech Focus For June 11, 2021

June 10, 2021 at 21:51

Quote To Start The Day: "As my knowledge of things grew I felt more and more the delight of the world I was in.”

Source: Helen Keller

One Big Thing In Fintech: The Basel Committee on Banking Supervision on Thursday recommended the highest possible risk weighting — 1,250% — be applied to a bank's exposure to Bitcoin and some other cryptocurrencies. Under that suggestion, a bank would need to hold a dollar in capital for each dollar worth of Bitcoin, based on an 8% minimum capital requirement.

Source: Banking Dive

Other Key Fintech Developments:

LemonEdge adding $2.5M round.

Silvergate cuts ties with Binance.

Money Minx to build finance tech.

Regions agrees to buy EnerBank.

BoA expanding digital payments.

Stripe has added Stripe Tax tech.

Messenger adds Venmo-like QR.

State Street sets up a crypto unit.

Webull is considering $400M IPO.

Texas greenlights crypto custody.

French, Swiss will run CBDC trial.

Nude launches home buying app.

Sunwest launches a new platform.

Small Exchange intros pot futures.

TreasurySpring has raised $10M.

Ledger landed a $380M Series C.

Unpacked: The fintech endgame.

Warren looks for crypto regulation.

Remitly has filed IPO paperwork.

Clip secures $250M in new round.

Fundbox partners up with Indeed.

Arrington launches a $100M fund.

CrossTower partners with Khalsa.

Klarna has secured $639M round.

Coinbase struck crypto 401K deal.

Amex and Synchrony bid Amazon.

Pacer ETFs passed $7B in AUM.

Analysis: LATAM cryptocurrencies.

Unbound Finance adds financing.

Watch Out For This: In the end, in running a successful company, egos must be removed.

That’s according to JR Rahn, who said MindMed requires leaders better equipped to pursue late-stage clinical trials and solve regulatory hurdles.

“It’s about removing oneself from necessarily what your ego tells you to do,” he said in a conversation on his commitment to making minds and bodies healthier. “The biggest thing I can do for MindMed, right now, is to realize that it needs a different type of leader, for the long haul. It is really for the best of the mission that is so deeply important to me.”

Source: Benzinga

Interesting Reads:

Charge is investing in EV charging.

AMC seeing a new path to stability.

Fuel Ventures launches a VC fund.

JPM sees a new BTC bear market.

SEC freshens up market structure.

Analysis: Global minimum tax hike.

JPM: Inflation is not a threat today.

Market Moving Headline: Prices paid by U.S. consumers rose in May by more than forecast, extending a months-long buildup in inflation that risks becoming more established as the economy strengthens.

Source: Bloomberg