The following is an excerpt from today’s Global Newsletter.
The high-stakes poker game of crypto regulation just leveled up.
Asset management behemoth BlackRock doubled down on crypto Thursday by filing an application with the U.S. Securities and Exchange Commission to launch the iShares Bitcoin Trust. Oh, and they listed Coinbase as the bitcoin custodian in the filing. Daaaaayum.
Fintech Blueprint Calling all builders By Fintech Nexus Subscribe to The Fintech Blueprint for an in-depth analysis of fintechs, DeFi & investing. From the mind of Lex Sokolin, Chief Economist, ConsenSys.
USA Capturing unfulfilled automotive loan potential By Matt Roe Open Lending’s latest research, “Loans Within Reach: Lending Enablement Benchmark 2023,” surveyed 95 automotive lending leaders at U.S. financial institutions to understand their current challenges and how technology is helping them adapt.
Global: AI will save us, not kill us Marc Andreessen of Andreessen Horowitz fame, the leading investor in fintech start-ups, published a long piece on how AI will save us the other day. It is well worth a read, but it is a long read (about 30 minutes), so if you don’t have the time, here is a short summary.
USA: Fed, SEC probing Goldman’s role in SVB’s final days The regulators are seeking documents related to Goldman Sachs’s role in buying Silicon Valley Bank’s securities portfolio while it was working on its doomed capital raise. The Justice Department has also subpoenaed Goldman.
USA: How the SEC could cripple crypto venture capitalists The Securities and Exchange Commission’s lawsuits against both Coinbase and Binance have sparked an intense debate about its effort to regulate the crypto markets. But another aspect of the SEC’s crackdown has drawn less attention—proposed rules that could make it nearly impossible for some crypto-focused venture capitalists to make fresh crypto investments and could force them to dump some of their existing holdings.
John has been in communications since graduating from Creative Communications at Red River College Polytechnic in Winnipeg in 1992. He launched one of Canada's first digital-only local news sites called Winnipeg First in 2007, which led to digital editor postings with the Winnipeg Free Press and Edmonton Journal. In 2012 he joined Bankless Times as managing editor, later becoming president and CEO. He and the Bankless Media co-founders completed a sale and exit in August 2021.