Category: FinTech
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China’s FinTech Ant Reportedly Faces A Billion-Dollar Fine!
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The fine could end the regulatory process that has been ongoing for two years. After that, the planned IPO could also be resumed. Ant Group, the fintech arm of e-commerce giant Alibaba, is expected to pay more than a billion dollars in fines to the Chinese state. This was reported…
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Berlin-Based AI FinTech Taktile Picks Up 20 Million!
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An accolade for the software startup Taktile (website) The top VCs Index and Tiger Global participate in Series A. The revenue growth has convinced the investors. In its second round of funding, Berlin-based fintech Taktile secures the equivalent of around 20 million euros ($20 million). The startup has developed software…
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Coinbase Holds $39 Billion Worth Of BTC!
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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,”…
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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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Prediction Capital Launches With €30 Million As An Early-Stage FinTech Funder!
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Prediction Capital wants to invest 30 million euros in fintech startups. They focus on ESG criteria but do not see themselves as an impact fund. The market environment is challenging; less capital flows into startups, and startups are declining. Nevertheless, co-founder Kilian Graulich is confident: now is the time to…
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These Are The Best FinTech Locations In The World!
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The FinTech sector is very lucrative for businesses and consumers, with the industry expected to be worth $310 billion by the end of the year. But where exactly are the best locations to be found? A recent Fluro study aims to show which cities are leading the FinTech sector and…
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Minister Fleming Holds The Inaugural Meeting Of The Joint FinTech Group!
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The Irish Minister of State with Special Responsibility for Financial Services, Credit Unions and Insurance, Seán Fleming (@SeanFlemingTD), held the inaugural meeting of the Joint Fintech Group on November 16. The Joint Fintech Group is a priority of the 2022 update of Ireland for Finance strategy, unveiled in October. The…
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Following Fraser Perring, German Regulator Clamps Down On Adler!
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Short-seller Fraser Perring has exposed Adler’s accounting already in 2021. In a balance sheet audit, the German BaFin confirmed Perring’s allegations and finds almost four billion euros too much on the balance sheet of the real estate group. In the audit of Adler Real Estate’s 2019 consolidated financial statements, the…
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Five Interesting And Safe PayTechs Of 2022
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The crypto scene is on alert after the collapse of the third-largest crypto exchange FTX. Allegedly, more than a million people have lost their money. A crisis of confidence has broken out. There is also a crisis in the FinTech segment, where some companies could soon run out of money.…