The Week in Brief Financial infrastructure upstart Plaid raised $425M in a Series D funding round, putting the company’s valuation at $13.4B. This is its first funding since its $5.3B sale to Visa was blocked. Facebook Pay is testing the use of person-to-person QR code payments, allowing users to instantly transfer money with a simple […]
You’ve probably read in the news how Bitcoin recently set an all-time high in value of over $7,000 per bitcoin when just a year ago each one was worth less than $1,000. Or you may have seen stories about certain cryptocurrencies increasing over 20 times in value in this year alone. To the typical investor, this may seem like the wild west and be entirely intimidating, which can lead many everyday people to avoid the cryptocurrency market because of the volatility and difficulty in entering it in the first place
CTO and visionary, Austin Trombley wants to lift up the everyday consumer giving them 2x 30 year bond returns on personal debit accounts by combining financial industry expertise, machine learning talent, and revolutionary Blockchain technology
Intense industry hype and alarming cryptocurrency volatility have led regulators the world over to perk up their ears to the growing number of cryptocurrency exchanges. At first glance, it appears as if the watchdogs are coming down hard on the industry in response to anxieties over the risk of illicit and criminal activity, as well as a lack of investor protection
Vaultbank (www.vaultbank.io), the cryptocurrency exchange platform for buying, selling, and trading asset-backed tokens, today announced it has raised over $3 million in funding, reaching the soft cap for its VB token sale. VB tokens are currently being distributed to Vaultbank token sale backers. The company also announced the launch of the Vaultbank Fund, which provides the main asset-backing of each VB token and intends to pay quarterly dividends in Ethereum (ETH)
Vaultbank announces the addition of free stock trading to its October Launch. This is in addition to crypto trading and issuance of security tokens. With all of these services on one platform, users will have a single platform solution to invest globally, trade digitally, and cash out locally
Vaultbank has partnered with Kingdom Trust to provide a qualified custodial solution for digital assets. Vaultbank has built a digital asset platform allowing for the tokenization of real assets and financial instruments. The Kingdom Trust-Vaultbank partnership allows our customers to have institutional grade custody and reporting” …
“In an effort to accelerate features and offerings of the Vaultbank Platform – currently in beta mode – Vaultbank, an innovative financial services company headquartered in San Francisco, has opened an office in India, hired 16 engineers and partnered with leading payment processors”
“Vaultbank brings together financial industry expertise, machine learning talent, and revolutionary blockchain technology”