Despite seeing their share of Africa’s startup funding drop from 48.3% seen in 2021 to 43.4% in 2022, fintech still managed to raise 39.3% more capital in 2022 ($1.45 billion) than they did in 2021 ($...
Tag: Fintech
Ex-NBA star Paul Pierce settles with SEC over crypto violations
Paul Pierce #34 of the Boston Celtics celebrates after a play against the Los Angeles Lakers in the fourth quarter during Game Five of the 2010 NBA Finals on June 13, 2010 at TD Garden in Boston, Mass...
Singapore Fintech Funding Booms, Crypto Maintains Lead : Report
Singapore Fintech Funding: Fintech investment in Singapore has reached its high in the last 3 years with a total investment of over U.S. $4.1 billion that came from 250 deals closing according to fres...
SEC charges Do Kwon with fraud in connection with Terra collapse
Do Kwon, co-founder and chief executive officer of Terraform Labs, in the company’s office in Seoul, South Korea, April 14, 2022. Woohae Cho | Bloomberg | Getty Images The Securities and Exchang...
Ripple To Sponsor Fintech Initiative At Ivy League College
According to a press release shared with Bitcoinist, payment company Ripple became the newest sponsor for the “Fintech at Cornell” initiative. Launched by the Cornell SC Johnson College of Business, t...
Industrial Giant Siemens Issues €60 Million Digital Bond on Blockchain – Fintech Bitcoin News
German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, includ...
Sam Bankman-Fried’s two bond guarantors revealed after unsealing
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Images...
SEC Chair Gensler’s new proposal tightens crypto custody restrictions
Securities and Exchange Commission chairman Gary Gensler on Wednesday proposed sweeping changes to federal regulations that would expand custody rules to include assets like crypto and require compani...
Goldman Sachs scraps idea for direct-to-consumer credit card
David Solomon, Goldman Sachs, at Marcus event Goldman Sachs has dropped plans to develop a Goldman-branded credit card for retail customers, another casualty of the firm’s strategic pivot, CNBC ...
FinTech Law Professor Tells Congress That Crypto Should Be Restricted From Banking System
Lee Reiners, policy director at the Duke Financial Economics Center, recommended that banking agenices restrict the crypto industry from accessing the banking system while testifying to the Senate Ban...
Goldman Sachs CEO David Solomon on soft landing odds for U.S. economy
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs CEO David Solomon said Tuesday that th...
US fintech FIS to spin off Worldpay payments business
US-based financial technology group FIS has said it will spin-off Worldpay, the payments business it acquired for $43bn just four years ago, after it failed to successfully integrate the two companies...
Paxos ordered to cease minting Binance stablecoin by New York regulator
Chad Cascarilla, CEO of Paxos. Adam Jeffery | CNBC Cryptocurrency firm Paxos will cease issuing new Binance USD, or BUSD, stablecoins under the direction of New York state’s financial regulator,...
Bakkt exits consumer business to focus on B2B as regulators crack down
Bakkt is nixing its consumer app to focus on its business-to-business technology solutions. Bakkt, which offers a platform for commerce to link to cryptocurrency, said it will continue its core ...
FinTech Channel Reviews Fight Out | Time-Limited 50% Bonus on Presale – Win $250,000 Giveaway
Join Our Telegram channel to stay up to date on breaking news coverage Crypto YouTube channel FinTech reviewed the new M2E crypto Fight Out and how to buy its native token FGHT, one of the hottest cry...
Coinbase Warns of ‘Staking’ Crackdown. The Stock Is Tumbling.
Text size Coinbase CEO Brian Armstrong. Patrick T. Fallon/AFP via Getty Images The CEO of Coinbase Global warned the Securities and Exchange Commission might be considering cracking down on a process ...
SEC commissioner breaks with SEC, Gensler on crypto regulation
Hester Peirce, commissioner of the US Securities and Exchange Commission (SEC), speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. Valerie Plesch | Bloomberg | Getty...
Coinbase shares fall as SEC takes crypto staking action against Kraken
Brian Armstrong, co-founder and chief executive officer of Coinbase Inc., speaks during the Singapore Fintech Festival, in Singapore, on Friday, Nov. 4, 2022. Bryan van der Beek | Bloomberg | Getty I...
Cryptocurrency exchange Kraken settles SEC crypto staking suit
Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Crypto exchange Kraken will shutter its U.S. cryptocurrency staking operation and pay a $...
Affirm Stock Drops. Company Slashes 19% of Jobs After Earnings Miss.
Affirm Holdings, a buy-now, pay-later fintech, is slashing 19% of its workforce after missing expectations for both its second fiscal quarter and its immediate outlook. Founder and CEO Max Levchin sai...
FTX bankruptcy fees near $20 million for 51 days of work
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images FTX’s top bankruptcy, legal, and financial advisors have billed the company more than $19.6 million in fees for work ...
Future Fintech Group Opens Paraguay-Based Crypto Mining Farm
Future Fintech Group Inc. – a developer of blockchain applications and a fintech services provider – has just finished building a new crypto mining center in the South American nation of Paraguay. Fut...
Gemini to contribute $100 million to Genesis bankruptcy recovery plan
Cameron and Tyler Winklevoss. Adam Jeffery | CNBC Crypto exchange Gemini will contribute up to $100 million in cash, earmarked for its customers, as part of an agreement with bankrupt Genesis Global C...
Binance crypto exchange will suspend U.S. dollar transfers
Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, on Wednesday, Nov. 2, 2022. Zed Jameson | Bloomberg | G...
Brazilian Fintech Company Capitual Partners With Azimut to Offer Crypto Services in European Markets – Fintech Bitcoin News
Capitual, a Brazilian fintech company that offers cryptocurrency intermediation services, has partnered with Azimut, an asset management firm, to expand its service offer to Europe. The deal, which co...
FinTech Firm tZERO Announces Exchange Shutdown
tZERO, a financial technology firm funded and majority-owned by Overstock, has announced that it will be shutting down all operations for its tZERO Crypto exchange platform by March 6th, 2022. The fir...
How Zelle is different from Venmo, PayPal and CashApp
More than half of smartphone users in the U.S. are sending money via some sort of peer-to-peer payment service to send money to friends, family and businesses. Stocks of payment services like PayPal, ...
Egyptian Fintech MNT-Halan Secures $400 Million in Funding, Valuation Rises to Over $1 Billion – Fintech Bitcoin News
Egyptian fintech MNT-Halan announced on Feb. 1 that it had raised over $340 million via debt and equity and it expects to raise an additional $60 million from leading international investors. The late...