News (808)
Crypto.com Sends Woman More Than $10M in Error, Sparking Legal Fight
- Wednesday, 07 September 2022
- News
- Written by FinTech News Brief
Cryptocurrency-exchange Crypto.com erroneously sent close to $10.5 million to a woman in Australia and did not realize the mistake until more than a half-year later. So reports Insider.
Read more...After Rapid Expansion, Klarna Reports Massive Losses in First Half of 2022
- Wednesday, 07 September 2022
- News
- Written by FinTech News Brief
Swedish “buy-now, pay later” company Klarna reported “dramatic” losses in this year’s first half. So reports CNBC.
Read more...Alloy Fundraises Through Challenging Climate to Hit $1.55B Valuation
- Wednesday, 07 September 2022
- News
- Written by FinTech News Brief
Alloy, a banking fintech aimed at identity security and risk management, raised $52 million to boost its valuation to $1.55 billion. So reports TechCrunch.
Read more...Chainalysis: Blockchain Bridges Favorite Target of Hackers in H1 '22
More than $1.9 billion was ripped off as a result of “cross-chain hacks” in the front half of this year. So reports Forbes.
Read more...Fintech Giant Ant’s Valuation Trimmed as Questions Over Company’s Direction Linger
Global investors indicated they may be losing faith in Ant Group as the fintech giant’s valuation was again trimmed by those who bought private shares prior to the company’s planned, and now suspended, initial public offering. So reports Bloomberg.
Read more...Covalto Heads to U.S. Bourse with Historic SPAC Acquisition
- Sunday, 21 August 2022
- News
- Written by FinTech News Brief
Covalto, a Mexican banking and digital services platform, will soon be listed on the Nasdaq stock exchange via a special purpose acquisition company. So reports Reuters.
Read more...Gaming Dapps Thrive Amid Blockchain slide: Report
Blockchain-based gaming dapps accounted for 60% of all blockchain activity during July. So reports CoinDesk.
Read more...Amp Off Binance In U.S., But Still Available Globally
Binance.US is delisting Amp tokens in the wake of its classification by the U.S. Securities and Exchange Commission as an unregistered security. So reports Forbes.
Read more...Bahrain Fintech Bay Partners with Israeli Consortium in New Fintech Deal
Israel and Bahrain, which normalized relations during the US-brokered 2020 Abraham Accords, are strengthening their relationship with a new fintech partnership. So reports the Times of Israel.
Read more...Earnity Adds Fintech Vet Don Kingsborough to Advisory Board
Social crypto platform Earnity is adding retail and fintech entrepreneur Don Kingsborough to its advisory board. So reports Yahoo! Finance.
Read more...
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