Tag: Fintech
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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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Crypto Brokerage Genesis Needs $500 Million In Funding!
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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…
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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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How To Find The Best Payment Processor For Your Business!
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Finding the best payment service provider (PSP) for your specific needs is critical to the success of your business. You have to provide a secure, reliable, and appropriate payment flow and user experience to your clients. Moreover, you have to trust your payment processor to honestly deal with your funds.…
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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.…
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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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Genius, Guru, Hobbit, Or Fraudster? Who Is Sam Bankman-Fried?
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On many pictures, Sam Bankman-Fried aka SBF looks like the Hobbit Samwise, aka Sam from the movie The Lord of The Rings. SBF has lost ten billion dollars or 94% of his wealth in just 24 hours, when his crypto exchange FTX crashed. A record. Never before has a billionaire…
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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…