Category: Finance
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Payback Kicks Out N26
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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…
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Prosecutor’s Office Closes Investigation Into Fraud In The Sale Of Payvision To ING
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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…
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Crypto Lender BlockFi Is Insolvent
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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…
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Texas Launches Investigation Into Tom Brady And Other Celebs Over FTX
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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…
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Crypto Exchange Bitpanda Receives A BaFin License
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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…
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BlockFi Facing Insolvency
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After the bankruptcy of FTX, BlockFi is also facing bankruptcy. Payouts were already stopped last week. The bankruptcy of crypto exchange FTX has sent shockwaves throughout the crypto industry and put many digital currencies under pressure. The industry is now concerned that other crypto exchanges could suffer the same fate.…
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Airbank Becomes Friday Finance
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Airbank” becomes “Friday Finance”: Similar to some other fintechs, the word “bank” disappears from the name. Most recently, Solaris deleted this addition from the company name, as did Railsr (formerly Railsbank) and Tuum (Modularbank). The re-branding is intended to illustrate the added value that the Friday Finance platform brings to…
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Fidor Bank Will Be Liquidated!
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Based on exclusive information from Finanz-Szene, Fidor Bank is to be liquidated by mid-2024. Six years after the takeover, the major French bank BPCE, which holds the shares in Fidor, is thus drawing a line under a years-long strategic adventure with accumulated losses in the mid-three-digit million range. Operationally, Fidor…
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The Many Losers Of The FTX Collapse And Its Devastating Consequences!
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In the FTX crash, the crypto market has been in a state of shock. Celebrities such as the U.S. football star Tom Brady are among those affected. Slowly, the full extent of the FTX crash is becoming visible. Sam Bankman-Fried’s crypto exchange had signed big-name investors and promotional deals, including…
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PayTech Cardstream Partners Pith Qi Digital To Empower Digital Currencies
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PayTech company Cardstream (PR42 profile) has partnered with cryptocurrency company Qi to make it simpler for merchants worldwide to accept digital currencies. Cardstream processes card payments globally and also offers emerging and local payment methods for some regions and consumers.