Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:
- A deep dive into the NFT craze, and why regulatory scrutiny could be just around the corner.
- How $95 billion Stripe is looking to build out offerings beyond just payments.
- All the details in the lead up to Softbank-backed Greensill Capital’s collapse.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
Speculation and cabin fever are driving the NFT craze. It’s already attracting scammers and grifters who want instant wealth.
The craze over non-fungible tokens is hotter than ever. But the rise of NFTs has also come with claims of copyright theft and hacking. And most sales don’t come with legal rights.
As a result, lawyers and fund managers say regulatory scrutiny is coming.
Click here to read the entire story.
9 ways Stripe is looking to grow in 2021 as the $95 billion fintech hopes to expand beyond its payments roots
Stripe is known for its payments business, but the $95 billion startup is rolling out plenty of other offerings. Find out what else they are doing.
What beavers, cow embryos, whiskey, and orange groves have to do with regulating crypto assets—even NFTs
Are NFTs and other crypto assets considered securities?
The answer comes down to a 1946 case about citrus groves, dubbed the “Howey test.” The test has been applied to a wide, weird range of investment schemes from alcohol to animal husbandry. More from our exclusive report.
Wall Street people moves: Promotions, exits, and hires at firms like Credit Suisse, Goldman Sachs, and HSBC
Eric Varvel is out as head of Credit Suisse’s asset management business. Goldman Sachs poached top equities trader Mitchell Story from Bank of America. Check out all the people moves across Wall Street here.
Inside Greensill’s attempt to avoid collapse through an alleged bait-and-switch and a $850 million loan
We’ve got all the details behind SoftBank-backed supply chain finance startup Greensill’s collapse after a massive credit squeeze. Get the full rundown here.
Odd lots:
At Long Last, Wall Street Sees Path to Return to the Office (Bloomberg)
For Wealthy New York Buyers, Small Apartments Aren’t Cutting It Anymore (WSJ)
Leave a Reply
Leave a Reply
This site uses Akismet to reduce spam. Learn how your comment data is processed.
