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News (808)

Small Biz Lender Jia Closes TCG Crypto Seed Round

Blockchain-powered lender Jia raised $4.3 million in seed funding in addition to securing a $1 million on-chain liquidity commitment. So reports TechCrunch.

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Westpac Rolls Out New Anti-crypto-fraud Program

One of Australia’s largest banks will launch a trial program to combat cryptocurrency fraud. So reports Cointelegraph.

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New BoA Accelerator Program to Target Underrepresented Communities

Bank of America is offering a six-month fintech accelerator program to boost entrepreneurship in underrepresented communities. So reports Finextra.

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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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