Cryptocurrencies have been under pressure for months. Nevertheless, the Berlin-based fintech Raisin (website) focuses on a crypto portfolio - intending to spread the risk as widely as possible. "There is no good or bad time to enter: with a long-term horizon, investing always makes sense," says Kim Felix Fomm, Chief Investment Officer at Raisin.
Lithuanian crypto payment processor Mirhax recently came to our attention as a payment facilitator at the BBanc broker scam (report here). The potential BBanc victims were offered on the scam's payment page to buy cryptos via credit or debit card using Mirhax. These are then transferred to the BBanc scammers' wallets. The BBanc victims are directed to the Mirhax payment page via a referral link. It does not seem to be a deep integration.
Financial insurance platform Qenta (website) has acquired digital currency company Noble Money, Inc. for an undisclosed amount, the FinTech said in a press release. Noble Money is working to scale digital currencies, starting with government adoption. The company is backed by investors that include 8 VC, Tribe Capital, Social Capital, and Green Sands Equity, all of which will join Qenta's investor group.
Crypto Winter and the Celsius virus officially arrived in Germany. Berlin-based digital bank Nuri (website) filed for insolvency only two months after announcing layoffs. The crypto fintech struggled with the rout in crypto prices and economic uncertainty. Nuri (previously Bitwala) was not able to find fresh funds. In a statement, the company said that despite the filing, customers would still have full access to their current accounts (euros) and their crypto wallets and vaults (bitcoin & ether) and can continue withdrawing funds.
In a recent blog post, Coinbase announced it secured approval from Italian regulators to provide ongoing crypto services to its residents. The new requirement...
Bankhaus Scheich and Vienna-based Coinpanion are entering into a partnership in crypto trading. The cooperation is intended to help the Austrian fintech drive its European expansion. Frankfurt-based bank Scheich and its trading platform Tradias will provide operational support to Coinpanion in crypto trading in the future, the companies announced.
Oasys (website), a five months old Asian blockchain startup focused on gaming developers, has secured $20 million funding, TechCrunch reports. The round was led by Republic Capital with participation from Jump Crypto, Crypto.com, Huobi, Kucoin, Gate.io, Bitbank, and Mirana Ventures. The capital was raised via a private token sale.
German FinTech FINEXITY (website) has added tokenized luxury watches to its offering as a new asset class using blockchain technology. The specialist for tokenized alternative investments, FINEXITY, now enables investors to invest in luxury watches. For this purpose, FINEXITY has partnered with Munichwristbusters and Watchvest.
The Zurich-based crypto platform Relai plans to expand its user base and offer additional features such as a Bitcoin debit card in its app. Despite the recent crash of crypto prices, investors continue to invest privately in cryptocurrencies. Zurich-based Bitcoin app Relai has received €2.16 million in its latest round of funding.
