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Blockchain Startup Figure Technologies Seeks US Regulatory Approval for Interest-Bearing Stablecoin
23.1.2024
Financial technology company Figure Technologies is seeking approval from US regulators to introduce an interest-bearing stablecoin. Founded by former SoFi Technologies CEO Mike Cagney, if successful, Figure will become the first company to offer a stablecoin regulated as a security within...
Stablecoins Can Help Fix the Current Lending Market
3.1.2024
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
US Financial Services Platform Sofi Announces Exit From Crypto Market
5.12.2023
Starting Dec. 19, the financial services platform Sofi will stop offering crypto services to its customers. Sofi said banking regulators’ increased scrutiny of the crypto sector compelled it to make this decision. The company has outlined the steps that must be taken by customers who...
ARK Invest Sells Another $5M of Coinbase Shares; Buys Robinhood, SoFi
30.11.2023
The sale of 38,668 COIN shares from the Ark Fintech Innovation ETF follows a similar offload on Monday
SoFi to Exit Crypto Business Amid Increased Regulatory Scrutiny
30.11.2023
Source: Adobe / Goodpics SoFi Technologies Inc., a financial services company, has decided to exit the cryptocurrency sector due to increased scrutiny by banking regulators. On November 29, the company announced that it would terminate its cryptocurrency trading services for users by December...
Digital Finance Firm SoFi Hands Its Crypto Business to Blockchain.com
29.11.2023
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
29.11.2023
“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote
Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline
21.11.2022
The committee members, seemingly spurred to vigilance by the FTX debacle, do not see evidence of SoFi Digital Assets shaping up the way the Fed ordered
US Senators Ask Bank Regulators to 'Review' SoFi's Crypto Listings
21.11.2022
Senate Banking Committee Chairman Sherrod Brown and several other lawmakers called on the heads of the OCC, FDIC and Fed to review fintch firm SoFi's crypto activities
Lending Fintech Platform SoFi's Revenue Jumped More Than 55% in Q3
1.11.2022
Nasdaq-listed lending fintech SoFi (SOFI) posted third-quarter revenue of around $424 million, a jump of over 55% from the corresponding quarter a year ago
Data transfer network Plaid integrates 4 major crypto exchanges
14.7.2022
The San Francisco-based fintech company now supports Binance.US, Gemini, Robinhood and SoFi accounts
Chamath Palihapitiya sells 15% of his stake in SOFI
19.11.2021
Bitcoin billionaire Palihapitiya will use earnings from the sale to fund other “future-shaping technologies” for his venture firm
SoFi to Go Public Through SPAC Merger at $8.6B Valuation
7.1.2021
The lending fintech agreed to merge with SPAC Social Capital Hedosophia
Loan refinancer and BitLiscensee SoFi is clear to launch a national bank in the US
28.10.2020
The new bank will be subject to heightened scrutiny from the OCC for at least three years
Online Lender SoFi’s Application to Create a National Bank Conditionally Approved by US
28.10.2020
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
21.7.2020
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
SoFi Acquires Payment Processor Galileo in $1.2 Billion Deal
8.4.2020
Completing a $1.2 billion deal, financial giant Social Finance announced they would acquire Galileo
$4 Billion US Fintech Startup Sofi Receives New York Bitlicense
4.12.2019
Sofi is a startup valued at over $4 billion which is focusing on providing millennials with student loan refinancing, personal loans, mortgages, and other wealth management and financial services. In September it has added crypto trading to its investing platform as a response to demand from...
SoFi Obtains BitLicense to Offer Crypto Trading Services in New York
3.12.2019
SoFi Digital Assets receives a BitLicense from New York regulators
Student Lender SoFI Gets NY BitLicense, Clearing Way to Offer Crypto Trading
3.12.2019
SoFi has been granted a BitLicense by NYDFS, allowing it to provide crypto trading services to New Yorkers