Main Street businesses hit by the COVID-19 crisis finally have access to a lifeline from fintech lenders. Main Street businesses hit by the COVID-19 crisis now have access to a lifeline from fintech lenders. On April 9, the United States Small Business Administration (SBA) released its application form for nonbanks to sign on as lenders…
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Nonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis. Nonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis. On April 3, the U.S. Small Business Administration (SBA)…
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The Texas securities regulator has taken emergency action against a cloud mining firm touting unverified charitable donations. The Texas State Securities Board (TSSB) has taken emergency action against cloud mining firm Ultra BTC Mining for issuing unregistered securities. The emergency cease-and-desist order was jointly filed against Ultra Mining by the TSSB and the Alabama Securities…
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Ran Neuner told Cointelegraph that his $10 million coronavirus relief fund has been inundated with applications from startups impacted by the global economic slowdown. Runway Fund — an emergency relief fund assembled by the co-founders of OnChain Capital to help startups impacted by the COVID-19 pandemic — has been “overwhelmed” by the number of applications.…
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Huobi is launching a charity initiative to support Indonesia’s fight against coronavirus. Huobi’s charity arm has announced an initiative to distribute aid to assist Indonesia’s fight against COVID-19. Huobi Charity will distribute aid in partnership with the Indonesia-China Association of Economic, Social and Cultural Cooperation (ICAESCC) to make monetary contributions, donate medical supplies, and leverage…
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Algorand has launched a blockchain-based global survey and public database providing real-time updates on the spread of coronavirus. Proof-of-stake cryptocurrency platform Algorand has created a global survey intended to compile an open database on the spread, status, and symptoms of the COVID-19 pandemic. On March 27, the company tweeted that its ‘IReportCovid’ survey app will…
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The alleged operators of the $722 million BitClub Network Ponzi scheme have requested their release from a New Jersey jail amid concerns over the coronavirus. Two alleged crypto Ponzi scheme operators have requested that a New Jersey federal court grant their release from jail over concerns that the facility will soon host a COVID-19 outbreak.…
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Interpol partners with a South Korean startup that specializes in examining crypto flows on the dark web to help fight darknet cybercrime. The International Criminal Police Organisation (Interpol) has announced a partnership with South Korean data intelligence startup, S2W Lab, to analyze dark web activity, including cryptocurrency transactions. The startup announced the partnership on March…
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