Month: July 2023
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Change Of Boss And President At Fintech Loanboox!
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The financing platform Loanboox gets a new CEO. And that’s not all: surprisingly, founder Stefan Mühlemann is also stepping down as Chairman of the fintech.
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JPMorgan: SEC Approval Of Bitcoin ETF Unlikely To Spark Crypto Market Revolution!
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The U.S. Securities and Exchange Commission (SEC) is yet to approve its first Bitcoin Exchange-Traded Fund (ETF) after turning down applications from several firms, including Grayscale, Ark Invest, etc. However, industry key players are very optimistic that things could change with BlackRock’s Bitcoin ETF application and could redefine the entire…
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Recap:GameStop Stock Experiences Sudden Surge!
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Originally known as a video game retailer, retail giant GameStop has made global headlines in recent weeks as its stock experienced an unexpected and spectacular surge. The rise of GameStop stock has become a symbol of the power of online communities and the stock market’s volatility.
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The Biggest Crypto Scam in History: Unraveling the Shocking Tale!
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While offering exciting opportunities for investors, the crypto market has also witnessed its fair share of scams and fraudulent activities. Among them, OneCoin stands out as the largest crypto scam in history, leaving investors in disbelief and regulators scrambling to take action.
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Belarus Looks to Ban Peer-to-Peer-Crypto Transactions!
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According to a notice from the Belarusian Ministry of Foreign Affairs, Belarus is looking to make peer-to-peer transactions in cryptocurrency illegal. Citizens will now be required to use registered crypto exchanges to minimize fraud in the space.
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Fintech Silvr Can Broker Up To €200 Million In New Loans Thanks To Citi!
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The Paris-based financing intermediary Silvr benefits from solid business with loans for small and medium-sized enterprises. The cooperation is also lucrative for the major US bank Citi. Silvr can broker new loans of up to €200 million. To do so, it is working with US major bank Citigroup and Channel…
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Bittrex: SEC Has No Authority Over Crypto!
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Cryptocurrency exchange Bittrex has filed a motion to dismiss in its legal battle with the U.S. Securities and Exchange Commission (SEC). In a recent court filing, Bittrex argues that the SEC only has the authority to regulate cryptocurrencies as securities if Congress explicitly gives the agency that authority.
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Zurich Fintech Sets The Course For Rapid Growth!
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The young Swiss fintech Teylor recently raised a three-digit million amount from international investors. The company Teylor is expanding its management team: Andre Cordesmeyer will become Chief Commercial Officer (CCO), and Huy Nguyen Chief Financial Officer (CFO). This is to create the personnel structures for further growth, according to a…
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CryptoBlox Closes Acquisition Of Crypto Mining Company Red Water!
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A few days ago, CryptoBlox Technologies Inc. announced, further to its news release dated June 19, 2023, that it has completed its acquisition of Red Water Acquisition Corp., a company specializing in crypto mining technology.
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Lawsuit: OpenAI Collected Medical Information And Data From Children!
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Millions of data were allegedly collected and used for training ChatGPT. CEO Sam Altman has to answer for it in court. OpenAI allegedly stole “large amounts of personal data” to train ChatGPT. Specifically, collecting medical data and information from children weighs heavily in court.