Collapsed Crypto Hedge Fund Founders Want $25 Million for New Project
Founders of the now-bankrupt Three Arrows Capital (3AC) are pitching a collaboration to cryptocurrency exchange CoinFLEX.
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Fintech Kwara Raises $3M Seed Extension, Partners Over 4,000 Credit Unions
Kenyan fintech Kwara, which turns analogue credit unions into modern digital banks, has raised a $3 million seed extension, preparing for the enormous expansion
Seoul Government Opens City’s First Metaverse Project
According to Seoul’s mayor, Oh Se-hoon, the new virtual environment will allow residents to access official documents, file complaints, and receive help with filing taxes.
Tether’s Settlement Volume Flips Visa and Mastercard
According to Coin Metrics, Tether (USDT) handled $18.2 trillion in transactions in 2022, far surpassing established payment processors Visa and Mastercard, who processed $14.1 trillion and $7.7 trillion, respectively.
North Korean Hacker Group Moves $63.5 Million in ETH
Infamous North Korean hacker group Lazarus moved 41,000 ETH, valued at $63.5 million, among over 350 accounts. The Lazarus Group has previously been implicated in Bitcoin theft, amounting to more than $2 billion.
Deutsche Bank’s Blue Water Fintech Lab Launches First Commercial Product
Deutsche Bank’s Blue Water Fintech Lab developed a robotic process automation platform for processing and matching data in several banks.
Alibaba Sells Stake in Paytm
Chinese e-commerce giant Alibaba Group has sold a 3.1% stake in Indian digital payments company Paytm.
China’s Official Wallet App Launches Offline Payments
The Chinese digital yuan app launched a new feature that allows users to make payments from mobile phones offline.
Neobank Kompasbank Raises €12 Million
Kompasbank, the youngest bank in Denmark, has attracted new financing for 12 million euros.
US Regulators Fully Control Mechanisms of Securitization of Direct Investments
In the USA, regulators apply the practice of strict control measures to direct investment instruments.
TikTok ByteDance Launches Payments With J.P. Morgan
J.P. Morgan works with TikTok’s parent company ByteDance on payment technology.
Bank of Tanzania Explores Prospects for Implementing CBDC
The Central Bank of Tanzania will make a final decision on the CBDC after completing a study of the practice of using virtual national money.
BNPL Demand Soars in UK
Demand for BNPL (Buy Now Pay Later) solutions rose across all age groups in the UK, as living costs increase
Debates Around CBDCs Continue
Senior adviser at the Bank of England argues CBDCs are not worth the associated costs and risks
Chinese Exports Suffer Sharpest Fall in 3 Years
Exports of goods from China fell to the lowest level in the last three years due to the coronavirus pandemic.
Apple CEO Tim Cook to Take 40% Pay Cut
Apple CEO Tim Cook has planned to cut his salary by 40% this year.
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