Fintech Focus For January 7, 2022

One Big Thing In Fintech: Here's a fascinating and reassuring stat from the mining industry, as it stand right now it would take more than two years for an attacker with 100% of the network hashrate to completely rewrite the Bitcoin ledger dating back to January 3rd, 2009.

Source: Bitcoin Magazine

Other Key Fintech Developments:

• Symbridge secures $9M in funds.
• Quant Data adding a mobile app.
• Goldfinch secures $25M via a16z.
• Wirex adding six new stablecoins.
• Virgin Money, Expend partnering.
• US Bank adds to payments offer.
• Range Media, RECUR teamed up.
• Tribal raises $40M in a new round.
• Finexio completes $10M funding.
• Starling boycotts Meta over fraud. FB
• Eventus facing rapid growth year.
• INX Limited has bought Tokensoft.
• Finexio taps $10M for PaaS offer.
• Octane announces key milestone.
• Lev and AppFolio are teaming up.
• Digital asset bank Sygnum raises.
• DailyPay rolling out digital wallets. 
• Petal embroiled in suit over thefts.
• GameStop plans NFT plan boost. GME
• Experian, TransUnion eye BNPL. EXPGY TRU
• Apex Fintech Solutions buys PDQ.
• Robinhood taps ex-TD executive. HOOD
• PayFit secured $289M in a round.
• Pacer ETFs grew AUM to $10.2B.
• Brankas adding a $20M Series B.

Watch Out For This: Jason Raznick, the founder and CEO at Benzinga, the largest news and data provider to global brokerages and news outlets, in his show the "Raz Report" discusses entrepreneurship, overcoming the challenges to success, and financial markets.

In a recent episode, Raznick chatted with Griffin Johnson, a 22-year-old social media influencer, entrepreneur, and investor at Animal Capital, regarding his experiences networking in Hollywood.

Johnson, who has come across a ton of adversity in the building of his brand, says that networking and building relationships are all about the willingness to put fears aside to cold-contact individuals that inspire.

Source: Benzinga

Interesting Reads:

• What’s going on in LatAm fintech.
• Samsung entering the metaverse. 
• Fintech is leading VC investment.
• Fashion and the metaverse meet.

Market Moving Headline: The long history of the Fed and business cycles, beginning in the 1920s, is repeatedly being late to remove accommodation coming out of recession, then hurrying to catch up, thereby creating the next downturn.

The same outcome now looks to be baked-in-the-cake, unless the Fed, unwilling to accept a bear market in equities, moves the goalposts, and declares 3% the new inflation target – while still hoping for a bailout from better productivity and a deflation wave from the rest of the world later in the year.

Source: TS Lombard