FTX founder Sam Bankman-Fried leaves following his arraignment in New York City on December 22, 2022. Ed Jones | AFP | Getty Images Of the billions of dollars in customer deposits that disappeared fro...
Tag: Fintech
A reckoning is upon us. Here’s what to expect
Partygoers with unicorn masks at the Hometown Hangover Cure party in Austin, Texas. Harriet Taylor | CNBC Bill Harris, the former PayPal CEO and veteran entrepreneur, strode onto a Las Vegas stage in ...
Crypto exchange Kraken to close Japan operations after mass job cuts
Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Digital currency exchange Kraken will close down its operations in Japan next month, in a...
Fintech Revolution Summit 2023, Morocco
We TraiCon Events will be hosting Morocco’s premier fintech event titled as “Fintech Revolution Summit” supported by Union of Arab Banks scheduled on the 27th & 28th February 2023 at the Hotel Sof...
Fintech Firm Backed By Hong Kong Billionaire Richard Li Raises $22 Million In Funding Round Led By PCCW
Richard Li, chairman and chief executive officer of Pacific Century Group, speaks during the Hong … [+] Kong Fintech Week in Hong Kong, China, on Monday, Nov. 1, 2022. The conference runs throug...
Indian fintech Money View valued at $900 million in new funding
Indian fintech Money View said on Monday it has raised $75 million in a new funding round, its second this year, despite the market slump as it looks to scale its core credit business and build more p...
How the market got it wrong
The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchang...
Bankman-Fried execs likely to be freed on bail after FTX fraud pleas
Damian Williams, US attorney for the Southern District of New York, speaks during a new conference at the US Attorney’s Office-Southern District of New York (SDNY) in New York, US, on Tuesday, D...
Android trojan targets over 400 apps, including crypto and fintech
Singapore-based research Group-IB describes the Godfather monster malware used to target more than 400 fintech applications, crypto exchanges, and wallets in over 16 countries. In a detailed report, G...
Neobank Cogni rolls out web3 wallet as fintech firms continue crypto push
U.S. neobank Cogni today debuted its noncustodial wallet as it seeks to follow a flurry of fintech firms into web3. Founded in 2018 out of the Barclays’ accelerator program, Cogni initial...
Indicted FTX founder Sam Bankman-Fried to return to U.S. after hearing
Sam Bankman-Fried, co-founder of FTX, is escorted out of the Magistrate’s Court in Nassau, Bahamas, on Monday, Dec. 19, 2022. Tristan Wheelock | Bloomberg | Getty Images FTX founder Sam Bankman-...
World Fintech Show Features Dynamic Collaborations Set to Influence the Direction of Fintech in Saudi Arabia.
After two thrillingly eventful days, World Fintech Show, Powered by Revival Lab, Fintactics, and Arbah Capitalconcludes after leaving the Saudi fintech industry with a lot to look forward to. This eve...
Sam Bankman-Fried will now surrender himself for extradition before Bahamian court Monday, says source
FTX founder Sam Bankman-Fried (2nd L) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. Mario Duncanson | AFP | Getty Images FTX founder an...
Crypto Fintech Bucks Trend With Global Expansion
There’s no doubt that the crypto market is going through one of its most challenging times following the recent sharp downturn. While this has resulted in many firms scaling back or worse, one crypto...
Former FTX spokesman Kevin O’Leary defends endorsement of crypto firm
“Shark Tank” star Kevin O’Leary defended his position as a spokesperson for bankrupt crypto firm FTX on CNBC’s “Squawk Box” Friday morning. CNBC anchors Andrew Ross...
Neobanks raise savings yields as Bank of England hikes interest rates
The Starling Bank app displayed on a person’s phone. Adrian Dennis | AFP via Getty Images LONDON — Online banks in the U.K. are racing to bump up the yields on their savings accounts in a bid to...
Binance CEO brushes off $2.1 billion FTX clawback concerns
Binance chief executive Changpeng “CZ” Zhao dismissed concerns that his company could have $2.1 billion clawed back as a result of FTX’s bankruptcy proceedings, in an appearance on S...
FTX’s new CEO John J. Ray making $1,300 an hour
John J. Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives to a House Financial Services Committee hearing investigating the collapse of FTX in Washington, DC, on Tuesday...
Bankman-Fried will sit in Bahamas prison until Feb. 8, 2023: Photos
TOPSHOT – FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force in Nassau, Bahamas on December 13, 2022. – Disgraced cryptocurrency tycoon ...
Mobile Payments Outpacing Debit Cards in Argentina According to Central Bank Reports – Fintech Bitcoin News
Mobile payments are thriving in Argentina, leaving behind other traditional payment methods, including credit and debit cards. According to the central bank’s monthly report on retail payments, this k...
Apex Fintech Solutions and Unifimoney Announce Partnership to Provide America’s Credit Unions and Community Banks with Digital Investment Solutions
Enables community financial institutions to equip account holders with access to a full suite of digital wealth management services SAN FRANCISCO & AUSTIN, Texas–(BUSINESS WIRE)–Apex Fintech Solut...
CFTC piles on with new charges against Bankman-Fried
FTX logo on mobile screen with crypto coins are displayed for illustration. Jonathan Raa | Nurphoto | Getty Images Charges continue to mount for disgraced FTX co-founder Sam Bankman-Fried, with the Co...
FTX executives spent $256 million on Bahamas real estate
The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank | Getty Images Bahhamian lawyers s...
Mizuho’s Dan Dolev is ‘super excited’ about this fintech stock
Robinhood Markets Inc (NASDAQ: HOOD) has been a nightmare for its investors this year but a Mizuho analyst is convinced that it’ll be a different story for those that choose to own it down here. Why i...
Only a Month Left Before iFX EXPO Dubai 2023 Brings the Fintech Community Together
iFX EXPO Dubai 2023: Join the next most anticipated fintech event The fintech world is getting ready for the next iFX EXPO Dubai edition that will take place 16-18 January 2023 at Dubai World Trade C...
Fintech giants face uphill battle
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it d...
FTX-backed African Fintech Chipper Cash’ Valuation Falls to $1.25B
Exchange News Chipper Cash has also laid off as many as 50 workers. The $35 million investment from FTX is reportedly the cause of the fintech’s value decline. The valuation of Chipper Cash, one of th...
Blockchain Fintech ‘Symbiont’ Files For Chapter 11 Bankruptcy
Blockchain News The business was once known as Math Money FX and was established in 2013. Its early investors included the ex-CEO of the New York Stock Exchange. On December 1st, Symbiont filed for Ch...
Fintech company ZELF launches anonymous Visa debit card with crypto recharge
American fintech company ZELF has introduced an anonymous Visa debit card that can be usedat any of Visa’s 80 million locations worldwide. ZELF’s latest initiative will allow users to open up a U.S. ...
FTX spokesman Kevin O’Leary says he lost $15 million crypto payday
Investor, “Shark Tank” judge and CNBC contributor Kevin O’Leary said Thursday he’s lost all of the $15 million FTX paid him to act as a spokesman for the now-collapsed crypto e...