News

News (805)

Mogo New Venture Arm to Manage Crypto Investments

Mogo, a Canadian fintech, launched a new arm to manage its C$124 million/US$99 million investment fund. So reports CoinDesk.

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Apple Scoops Up Fintech Challenger of Top Credit Reporting Agencies

Apple has purchased British fintech Credit Kudos, per information from individuals familiar with the deal. So reports CNBC.

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Payments Fraud Skyrocketing: Sift Report  

The rate that fraudulent payments transactions were mitigated by anti-fraud platform Sift skyrocketed 70% in 2021, according to the most up-to-date Digital Trust & Safety Index provided by the firm. The data comes as the company audited its global network of more than 34,000 sites and surveyed 1,000 of its customers for the Q1 2022 index report, according to a press release.

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Binance Making Moves in Brazil, Looks to Acquire Banks and Processors

Binance is looking to acquire payment processors and banks in Brazil, according to an announcement from its CEO Changpeng Zhao. So reports CoinDesk.

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ApeCoin New Centerpiece of Yuga Labs Gaming, NFT Plans

Yuga Labs announced the launch of a new cryptocurrency called ApeCoin in support of its Bored Ape Yacht Club NFT project and gaming ambitions. So reports The Verge.

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Kyash Gets Block Support in D-round, Takes in $41M in Fresh Funding

Tokyo-based mobile fintech Kyash raised $41.2 million with the help of Block, the Japan Post Investment Corporation and others in its latest funding round. So reports TechCrunch.

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HIVE Inks Deal to Launch 'Green' Operations in Texas

Hive Blockchain Technology, a publically traded crypto mining operation, will be purchasing ASIC chips from Intel to use in new “custom mining devices.” So reports Cointelegraph.

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Klitschko NFT Art Project Set Up to Support Red Cross, UNICEF Efforts in Ukraine

Ukrainian boxing superstar and heavyweight world champion Wladimir Klitschko has launched an NFT collection to help support Ukraine’s defense from Russian invaders. So reports CoinDesk.

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Stax One of a Handful of Unicorns with Female Leadership

Orlando-based payments company Stax raised $245 million, and as such, has launched itself to unicorn status. So reports Axios.

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Political Turmoil Contributing to Declines in Fintech Funding: Report

Late-stage venture funding for fintechs has taken a steep drop in recent weeks, according to newly published data. So reports Crunchbase.

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