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News (805)

Robinhood Walks Back 3% Checking, Savings Product

Stock trading app Robinhood tried to launch a 3% interest rate savings and checking product with no fees, but upon concerns from regulators backtracked and changed its marketing of the new offering. So reports CNBC.

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Alibaba Positions to Buy Currency-exchange Startup WorldFirst

Ant Financial, an affiliate of Alibaba Group Holding Limited, is making an "aggressive" effort to purchase currency exchange company WorldFirst, a London-based startup. So reports Zacks.

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Chinese Schools Offering New Postgrad Fintech Programs

The Hong Kong University of Science and Technology is one of several institutions launching postgraduate fintech programs. So reports the South China Morning Post.

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FinTech Funding Set to Shatter Record

The first half of 2018 netted $57.9 billion in funding for Fintechs, approaching the record $62.5 billion they took in in all of 2015. So reports Business Insider.

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Buterin Drops $300K Into Ethereum 2.0 Projects

Vitalik Buterin, creator of Ethereum, gave away $300,000 worth of crypto to three startups; ChainSafe Systems, Prysmatic Labs, and Sigma Prime. So reports Unhashed.

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Researchers ID 4,800 ‘Pump-and-Dump’ Attempts from Jan-July

Dishonest traders have attempted nearly 5,000 “pump-and-dump” schemes from January to July, according to a new research paper. So reports MyBroadband.

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Charlotte Hosts 2nd Annual Southeast Fintech Venture Conference

Approximately 250 Fintech company investors and founders met in Charlotte for the Southeast Fintech Venture Conference to network and pitch ideas. So reports The Charlotte Business Journal.

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Canadian Pilot Program Puts Fintech Obstacles in the Spotlight

An eight-week distributed ledger technology pilot program operated by Canada’s central bank indicated practically applying the new technology may take time. So reports The Financial Times.

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FinTech Sandbox Grows in Arizona

Arizona added two more companies--Grain Technology, Inc. and Sweetbridge NFP, Ltd.--to its Fintech "sandbox." So reports The National Law Review.

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Kooltra Nabs $6.5M in Series A Funding

Kooltra, a Toronto-based Fintech firm, pulled in $6.5 million in Series A funding with the hopes of expanding its cloud-based foreign exchange platform. So reports Red Herring.

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