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News (805)

Fintech Zepz To Slash 400+ In 'Workforce Optimization'

London-based money transfer operation Zepz is planning to lay off more than a quarter of its workforce. So reports CNBC

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DoD Takes Major Step Forward with New Constellation Contract

The U.S. Department of Defense entered a six-year contract agreement with blockchain startup Constellation, which marks a significant step forward for the government-private fintech sector. So reports Blockworks.

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HOOD Crypto Revenue Hurting, Overall Figures Sturdy

Robinhood saw its cryptocurrency trading revenue drop close to 30% in Q1 2023, although its quarterly drop in the crypto sector was comparatively less dramatic at 1%. So reports Coindesk.

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Bittrex Latest Casualty In Crypto Space, Customers To Be Made Whole

As expected, Crypto exchange Bittrex filed for bankruptcy after facing regulatory headwinds in the U.S. So reports TheStreet

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Airwallex Plans Tel Aviv Office As It Plans Israeli Expansion

With an eye on cybersecurity firms, Airwallex is launching operations in Israel. So reports Calcalist.

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Walmart Rolls the Dice As It Moves Into Mexico’s Fintech Space: Analysis

Walmart is moving into Mexico’s nascent fintech space with the launch of the retail giant’s Cashi digital wallet, but experts are warning of potential pitfalls from the move. So reports Reuters

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Utah Looks to Blockchain to Create Smartphone IDs with Same Legal Weight As Hard Docs

Utah will launch a pilot program to test blockchain technology as a means of issuing digital identity cards. So reports NFCW.

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Mastercard Hopes to Bolster Blockchain Confidence with New Initiative

Mastercard launched a new “Crypto Credential” initiative with the aim of boosting confidence in blockchain. So reports Fintech Futures.

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Bybit’s New Crypto Lending Service Promises Hourly Payouts, Limited Lock-up

Bybit, a Dubai-based crypto exchange, just launched a new digital asset lending service. So reports Cointelegraph

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With Eyes On Fledgling Fintechs, Vera Equity Launches with $20M

New venture capital fund Vera Equity debuted by backing 20 fintech startups with $20 million worth of injections. So reports PYMNTS.

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