Lending Agreement

DeFi Sublime lending platform raises $ 2.5 million in seed funding

There is a new DeFi lending platform on the market that wants to allow users to stake their “digital reputation” to access loans. Called Sublime Finance, the platform wants to help borrowers tap into their “social capital”. Sublime has received backing from investors such as Galaxy Digital and Electric Capital, who both co-led its $ 2.5 million funding round. Other ...

Read More »

Rocky Mountain Bank parent company announces merger

JACKSON – First Western Financial, Inc., “First Western” (Nasdaq: MYFW), parent company of First Western Trust Bank, “the Bank”, and Teton Financial Services, parent company of Rocky Mountain Bank, today announced the signing of a definitive merger agreement under which Teton Financial Services would merge with and into First Western. Teton Financial Services has three branches in the State of ...

Read More »

Noted with Interest: DeFi and Potential Lender Liability | Quinn Emanuel Urquhart & Sullivan, LLP

What is DeFi? DeFi is the abbreviation for “decentralized finance”. It refers to financial services for cryptocurrencies which are built on distributed blockchain networks without central intermediaries. Since cryptocurrencies are decentralized in nature, financial services for cryptocurrencies are also referred to as “decentralized finance” or “DeFi” to reflect the same decentralized concept. Data shows that tens of billions of US ...

Read More »

Cirralto Announces A $ 1.1 Million Update to the Spenda System, Introduced to Support Continued Customer Growth

Following the commercial launch of the Expense payment suite in May of this year, this week Cirralto published a “major” upgrade to the Spenda system. In addition to the increased functionality, this update made the necessary changes and assurance of their transaction scaling capabilities “to support our growing number of customers.” The announcement also mentioned that this version of the ...

Read More »

Donald Trump’s hotel in Washington, DC lost over $ 70 million during presidency, despite foreign government revenue

From Washington, the company of former President Donald Trump has received millions of dollars from foreign governments, according to a document released Friday by a parliamentary committee investigating its affairs. During his tenure in office, he lost over $ 70 million at a Washington, DC hotel. The House Commission on Surveillance and Reform said luxury hotels a few blocks from ...

Read More »

EUROPEAN MIDDAY BRIEFING – Caution dominates -2-

A global deal to set a minimum corporate tax rate of 15% lifted its last major hurdle on Thursday after Ireland, a low-tax country that is the European headquarters of some of America’s biggest tech companies, said she would join the redesign effort. Ireland’s policy shift precedes a Friday meeting of 140 governments and jurisdictions that have been negotiating for ...

Read More »

Sun, sun, son, here it is: a solar future

Source: Shutterstock. I’ll say this: it’s wonderful to be an empty nest! I love my boys, but I’m also incredibly grateful that they are grown up and out of the house. I haven’t driven anyone to baseball practice for a long time. I didn’t cook giant meals to feed those giant mouths. I didn’t wait for them to come back ...

Read More »

Renaissance Cleveland Hotel to be renamed Hotel Cleveland

CLEVELAND – Editor’s Note: The above video is from a previously published and unrelated story. Plans are advancing for a new look at one of the classic downtown Cleveland locations. Toronto-based Skyline Investments, owner of the Renaissance Cleveland Hotel, is looking to renovate and rename the 103-year-old building as “Hotel Cleveland.” Cleveland City Council plans to back the $ 56 ...

Read More »