Author: Lucas Peterson
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Fintech Raisin Raises €60 Million In Series E Funding Round!
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With a valuation of over one billion euros, Raisin is one of the most important German fintechs. Raisin offers a savings marketplace across Europe. It has raised €60 million in a Series E funding round. The fresh money will be used for growth in the USA, among other things.
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SEC Increases Pressure On Crypto: Coinbase And Tron On Its Compliance Radar!
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The U.S. increased pressure on the crypto industry this week. Regulators sued Tron founder Justin Sun and several of his prominent supporters. Moreover, the warned crypto exchange Coinbase that it might take enforcement actions.
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Crypto Finance Launches A Platform For Building Crypto Products!
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Until now, anyone who wants to offer crypto-finance products to their customers has had to gather many partly unregulated components on the market. The Swiss fintech Crypto Finance now wants to solve this problem.
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Swiss FinTech Centi Issues Franc Stablecoin As A Payment Alternative!
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Zurich-based payment startup Centi has launched a stablecoin tied to the Swiss franc. Several merchant acceptance systems have been developed around the Centi Franc.
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Two Suspected Crypto Fraudsters Tracked Down!
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After a severe crypto fraud in which a 41-year-old man lost around €10,000, two suspects have now been identified. They are a 31-year-old Albanian and a 43-year-old Kosovar. They will be charged with aggravated fraud.
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CoCo Bonds Brash – 16 Billion Francs Declared Worthless!
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Prices of AT1 bonds have come under pressure on Monday. The reason: with UBS’s takeover of Credit Suisse, Additional Tier 1 bonds worth around 16 billion francs were declared worthless.
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TARGET: A New System To Settle Payments In Real Time!
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TARGET, a new system that allows the settlement of payments in euros and in real-time, which provides greater security, went live today, indicated the Bank of Portugal (BdP).
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The Credit Suisse Bail-Out Will Not End the Banking Crisis!
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UBS is taking over its rival Credit Suisse, which has slid deep into crisis. Bantleon Chief Economist Daniel Hartmann nevertheless sees no end to the banking crisis and warns of significant setbacks on the stock market. The Swiss Market Index (SMI) has lost almost 6% in the last four weeks.
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Bitcoin: The Measures Of The Central Banks Fuel The BTC Price!
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The Bitcoin price is rallying while central banks and governments are doing everything possible to stabilize our banking system. What the consequences are, and how Bitcoin is likely to react.
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Greed Is Good? Multi-Million Farewell-Package For DWS Executive!
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Investment banking has always been known for super-high pay for its executives. Even when they were often not successful. Bankers are greedy. Take the DWS executive Asoka Wöhrmann, for example. He received an €8.15 million farewell package for an allegedly voluntary departure in the shadow of greenwashing suspicions.