Bitcoin billionaire Palihapitiya will use earnings from the sale to fund other “future-shaping technologies” for his venture firm. Billionaire Chamath Palihapitiya has sold 15% of his position in the crypto and stock trading platform and finance company SoFi. The company went public earlier this year through a merger with a blank-check company led by Palihapitiya,…
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The new bank will be subject to heightened scrutiny from the OCC for at least three years. In an announcement on Wednesday, the Office of the Comptroller of the Currency (OCC) granted SoFi a conditional license to operate as a national bank in the United States. The OCC is the office of the U.S. Treasury…
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Financial firm SoFi announced they had signed an agreement to purchase Galileo Financial Technologies for $1.2 billion. California-based and crypto-friendly financial firm Social Finance — SoFi — is acquiring the digital payment platform Galileo. In an April 7 press release, SoFi announced that it has signed an agreement to pay $1.2 billion for Galileo Financial…
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California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services. California-based financial firm SoFi has acquired a BitLicense from the New York State Department of Financial Services (NYDFS), the regulator said in a statement on Dec. 3. SoFi is now one of 24 crypto-related firms that have obtained…
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