Meta Winds Down NFT Service
Meta is terminating its short-lived NFT support service across its social media platforms, Facebook and Instagram
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Experian to Pilot Credit-Building Service
Experian will pilot a new service for “credit invisibles”– people with little to no credit history – to get better access to mainstream financial services and start their credit-building journey
Australian Taxation Office Implements Crypto Monitoring
The Australian Taxation Office is taking measures to monitor crypto transactions and ensure tax law compliance when it comes to digital assets with the help of a new data-matching tool
US Department of Agriculture to put State Benefits on Mobile Phones in Five States
The U.S. Department of Agriculture (USDA) will provide citizens eligible for financial support under the Supplemental Nutrition Assistance Program (SNAP) in Illinois, Louisiana, Massachusetts, Missouri, and Oklahoma with the opportunity to receive benefits and make payments via NFC or QR code for relevant purchases on a mobile device.
Silicon Valley Bank Closure Impacts Hundreds of Startups and VCs
The closure of the Silicon Valley Bank had a major impact on startups and venture capital firms.
Bank of Egypt Ups Withdrawal Limits for Instant Payments
The Central Bank of Egypt has decided to increase the amount of money that can be withdrawn through payment service providers.
Bank of London Offers to Buy Silicon Valley Bank’s UK Operations
The Bank of London has taken the initiative to acquire the British operations of the Silicon Valley Bank, which closed at the end of last week.
F5 and Visa Partner to Reduce Login Friction
F5 announced the beginning of cooperation with Visa in order to provide sellers with a simpler login algorithm for customers.
Numeral Launches in UK to Help Fintechs Access EU Markets
The French platform for aggregating banking transactions and automating payments, Numeral, has announced the start of work in the UK financial market.
Binance to Convert Recovery Funds From BUSD to ‘Native Crypto’
Reacting to the sudden collapse of the most crypto-friendly US banks, Binance CEO and co-founder Changpeng (CZ) Zhao reconsidered the firm’s recovery funds, aiming to change them into native crypto
Regulators Close Crypto-Focused Signature Bank
In the US, regulators have decided to close the New York-based Signature Bank, which is one of the largest lenders in the crypto industry.
Nissan Tries New Sales Avenues With Four Web3 Trademarks
Nissan enhanced its Web3 efforts with four new related trademarks filed in the US, while its Japan unit is currently experimenting with auto sales in the metaverse
First Republic Strengthens Liquidity With the Help of JPMorgan
First Republic Bank enhanced and diversified its financial position through additional liquidity from the Federal Reserve Bank and JPMorgan Chase
South Korea Launches Metaverse Fund
The Ministry of Science and ICT of South Korea established an investment fund to support the growth of metaverse initiatives in the country
US Fed Establishes $25B Funding to Support Banks Amid Collapse
The United States Federal Reserve has launched a $25 billion funding program for banks and other depository firms to maintain liquidity as a wave of industry shutdowns has covered another bank
Paymob Teams With Arabic Streaming Platform Shahid
Paymob, a company specializing in the provision of financial services, has established cooperation with the Shahid streaming platform.
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