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Fintech

Fintech
·Jul. 8, 2022

US Treasury Develops ‘Framework’ for International Crypto Regulation

The document is the first publication from the department to stem from President Biden's executive order on digital assets.
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Fintech
·Nov. 24, 2021

Klarna eyes US Market with “Klarna Card” and “Pay Now” services

Global payments provider and shopping juggernaut Klarna is making a play for a bigger piece of the American market's pie with new services.
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FintechNews Roundup
·Nov. 30, 2016

Loot Banking App Looks to Help Millennials with Financial Wellness

Loot is a banking app designed to help the millennial generation with tracking how much they spend and how to better budget their money; the company does not have a banking license due to the associated regulatory burdens and costs, though they do partner with the German payments company Wirecard; they now offer paycheck deposits with two free ATM withdrawals a month and will soon have the ability to do international money transfers with low fees.  Source

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FintechNews Roundup
·Aug. 14, 2017

Bitcoin Reaches New Highs

Bitcoin's price has been gaining in recent days; CNBC reports on its new high of $3,586.23 on Friday; over the weekend it continued to gain, surpassing $4,000; with the new highs the cryptocurrency’s value has gained over 24% in the past week and tripled in value for the year; its split into bitcoin and bitcoin cash has been a lead catalyst for its recent price gains; an additional upgrade called “segregated witness” is also being supported. Source

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Fintech
·May. 26, 2022

Former Binance executives launch $100M crypto fund –

A group of former executives from Binance, one of the largest cryptocurrency exchanges globally, has created a $100 million venture fund, the team told TechCrunch on Thursday.Old Fashion Research (OFR) – whose name is derived from the classic cocktail – was founded in late 2021 by managing partners...
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FintechNews RoundupUSA
·Sep. 5, 2017

Protostarr Token Shuts Down after SEC Investigation

Its platform focused on funding from fans for internet celebrities on YouTube, Twitch and other live streaming platforms; in August it raised 119.5 ether which is about $47,000; the SEC notified Protostarr of its investigation however a final status has not been reported; the firm says forming a legal department to manage the ICO investigation and potential need for registration is not within its short-term plans and it will refund its ICO investors. Source

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FintechNews Roundup
·Mar. 17, 2017

Technical Analysis Showing a Potential Crash for Bitcoin

While bitcoin's price has been reaching new highs its trading volatility has also been high; market momentum has recently been slowed by a number of factors including exchange regulation and new fees in China and the denial of the Winklevoss bitcoin ETF; Business Insider charts the cryptocurrencies progress and reports a double top with a neckline at $1,100 noting that if the price falls below the chart's neckline, technical analysis would indicate it's likely to fall even further, giving it a new expected average of approximately $900; given recent market factors a significant decrease in China trading volume and the technical analysis, bitcoin's price appears to be headed lower.  Source

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EuropeFintechUSA
·Jun. 26, 2020

More News for June 26th, 2020

Investors Boost Savings, Increase Digital Engagement Fintech startup Karat has launched a new charge card designed for YouTube, Instagram, and...
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Fintech
·May. 17, 2022

Frost prioritizes service for those caught in cost-of-living crisis

Tackling the cost-of-living crisis is a top priority. Wading through bank statements and scouring the internet for deals can help.
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FintechNews Roundup
·Feb. 2, 2018

Alibaba Takes 33 Percent Stake in Ant Financial

Alibaba announced it was taking a 33 percent stake in their fintech affiliate Ant Financial; the agreement allows for Alibaba to pick of shares of Ant Financial and also ends the revenue share agreement they had in place; TechCrunch reports the deal was focused on “certain intellectual property rights owned by Alibaba exclusively related to Ant Financial.”; Alibaba saw their shares drop after the announcement and many think this is a prelude to Ant Financial’s IPO. Source.

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