Author: PayRate News
-
New on PayRate42: FCA-Regulated Rapyd Included In Orange Compliance List!
•
The CyberRating agency has analyzed the FCA-authorized E-Money Institute Rapyd and added it to its Orange Compliance list. Founded by Israeli Arik Shtilman, Arkady Karpman, and Omer Priel in 2015 as CashDash and later renamed Rapyd, the institute not only has an abysmal Trustpilot rating according to PayRate42’s findings, but…
-
Payback Kicks Out N26
•
Payback users can usually convert their points into money. This is done via SEPA transfer to a checking account. However, this is currently no longer possible at N26, as “Mobiflip” reports. If an N26 IBAN is stored, users only receive the message “Please check the IBAN entered”. Until recently, the…
-
Prosecutor’s Office Closes Investigation Into Fraud In The Sale Of Payvision To ING
•
The public prosecutor’s investigation into the sale of Amsterdam fintech company Payvision to ING has been stopped. The public prosecutor’s investigation into the sale of Amsterdam fintech company Payvision to ING has been stopped. The Public Prosecutor’s Office was investigating the sale of the payment service that ING acquired for…
-
Crypto Lender BlockFi Is Insolvent
•
Following the collapse of the cryptocurrency exchange FTX, the U.S. bank BlockFi, which specializes in virtual currency, has now also filed for bankruptcy. More broadly, the BlockFi business has been on a knife-edge since the spring, when the collapse of several major crypto companies sent the market into a panic…
-
Amazon Prime Is Working on FTX Story
•
An 8-part series about the crashed crypto exchange FTX is being planned by Amazon.Avengers creators Anthony and Joseph Russo are to direct the series. Amazon has ordered a miniseries on FTX, reports Variety. The Russo brothers, who have directed some of the central films of the Marvel Cinematic Universe –…
-
Coinbase Holds $39 Billion Worth Of BTC!
•
As major crypto exchanges are stepping up their efforts to assure customers and investors of their stability, Brian Armstrong, the CEO of Coinbase, has revealed that his company holds crypto reserves that include about 2 million BTC worth about $39.9 billion. “We hold ~2M BTC. ~$39.9B worth as of 9/30,”…
-
Texas Launches Investigation Into Tom Brady And Other Celebs Over FTX
•
NFL superstar Tom Brady and basketball player Stephen Curry and other US celebrities are facing an investigation by the Texas financial regulator regarding the insolvent crypto exchange FTX. Texas Financial Industry Regulatory Authority Director of Law Enforcement Joe Rotunda confirmed to Bloomberg today, Nov. 22, that his agency is looking…
-
Crypto Exchange Bitpanda Receives A BaFin License
•
The German Federal Financial Supervisory Authority BaFin grants Bitpanda the “license for custody and proprietary trading of crypto assets”. The company, which is registered as Bitpanda Asset Management GmbH in Vienna, has thus officially received a license from the German securities regulator for the custody and proprietary trading of crypto…
-
Crypto Brokerage Genesis Needs $500 Million In Funding!
•
Broker Genesis is struggling to raise fresh money for its credit division and is warning potential investors that the company may have to file for bankruptcy if its efforts fail, according to people familiar with the matter. “We have no plans to file bankruptcy imminently,” a Genesis spokesperson said in…