New York State Department of Financial Services Grants BitLicense to Bakkt
New York Financial Services Superintendent Linda A. Lacewell announced on Thursday the
New York State Department of Financial Services (DFS) has approved the application of Bakkt Marketplace, LLC, a wholly-owned subsidiary of Bakkt Holdings, LLC, for virtual currency and money transmitter licenses. According to the DFS, the license will allow Bakkt Marketplace to offer its New York customers the ability to buy and sell virtual currency and subject to DFS’s supervision of its licensed activities.
As previously reported, Bakkt is a regulated digital asset exchange that also provides a digital wallet. The company is notably the creation of the
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Unprecedented Bitcoin Rally Supported by Best-Performing Quarter for Crypto and DLT Startup Funding Totaling Over $700M in Q4 2020: Report
February 21, 2021 @ 9:40 pm By Omar Faridi
The current Bitcoin (BTC) bull market has been fueling another major boom in blockchain or distributed ledger tech (DLT) startup deals.
Coinbase Ventures had launched back in 2018, which was during the extended cryptocurrency bear market that lasted from early January of that year to well into 2019. After the BTC price had surged to nearly $20,000 in December 2017 from only around $1,000 in January 2017, the flagship cryptocurrency crashed to a low of below $4,000 in December 2018.
As a digital asset trading platform, that short-lived momentum was actually good for Coinbase’s business (in the long-term). However, the decision to establish a cryptocurrency-focused VC company had less to do with the BTC price than what the market fervor had meant for innovators.
Legit Way to Play the Bitcoin Rally
VIH, a special purpose acquisition company tied to the NYSE, will help bring the digital currency and other non-money stores of wealth into the mainstream
Author:
Feb 9, 2021
VIH, a special purpose acquisition company tied to the NYSE, will help bring the digital currency and other non-money stores of wealth into the mainstream
(Veteran tech columnist Jon D. Markman publishes Strategic Advantage, a lively guide to investing in the digital transformation of business and society. Click here for a trial.)
Bitcoin is on a tear again, rising above $46,000. Investors are scrambling to buy stocks with even tangential connections. The best bet is this recent public company.
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Victory Park s latest shell company seeks a $225 million IPO to acquire high-growth fintechs outside of the US.
And European fintech unicorns starting with eToro are the most likely candidates.
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Global investment firm Victory Park s latest special purpose acquisition company ( SPAC ), VPC Impact Acquisition Holdings II, has filed for an IPO, Local fintech unicorns will go public via a SPAC this year, with eToro going first.