Category Archive: 6c.) Fintechnews

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Bitpanda Receives Full Crypto Custody and Trading License in Germany

2022-11-24

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2022-11-24

Austrian crypto platform Bitpanda has received a full operating license from the German Federal Financial Supervisory Authority or BaFin for the custody and proprietary trading of crypto assets. Bitpanda claims to be the first European retail investment platform to obtain the license which was introduced by BaFin in 2020, allowing it to actively market and offer services in the German market. Founded in 2014, Bitpanda now has nearly four million...

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Total Funding to Portuguese Fintech Companies Surpasses EUR 1B Mark

2022-11-21

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2022-11-21

In 2022, the Portuguese fintech ecosystem entered a new stage of development, marked by greater maturity of the sector, continued innovation through partnerships and a dynamic venture capital (VC) market, a new report by industry trade group Portugal Fintech, in collaboration with KPMG, Visa and law firm Morais Leitao, claims. The Portugal Fintech Report 2022, released in October, shows a resilient fintech industry that has continued to grow,...

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BlackRock’s Fintech Bets Span Lending, Wealthtech, Crypto and More

2022-11-16

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2022-11-16

BlackRock, one of the world’s largest asset managers, has been actively investing in the fintech industry over the past decade, participating in large rounds of financing across a broad range of segments, from payments and lending, to wealthtech and cryptocurrency, a new analysis by fintech-focused research firm WhiteSight shows.

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El Salvador and Switzerland Share Common Love of Burgers and Bitcoin

2022-11-10

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2022-11-10

El Salvador has partnered with the Swiss city of Lugano to promote bitcoin adoption. It’s an unlikely partnership and an obscure reason to join forces, but for both parties this is an earnest and worthwhile endeavour.

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UBS Launches the World’s First Dual-Blockchain Listed Digital Bond

2022-11-08

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2022-11-08

UBS has launched the world’s first digital bond — a CHF 375 million three-year bond with 2.33% coupon — that is publicly traded and settled on both blockchain-based and traditional exchanges.

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Swissquote Clients Can Now Invest in Dubai Financial Market’s Securities

2022-10-27

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2022-10-27

Online trading platform Swissquote is now connected to the Dubai Financial Market (DFM), allowing clients to invest in and trade DFM-listed securities. The platform is connected to the DFM through GTN Middle East and BHM Capital Financial Services’ direct market access route, and is expected to boost DFM-listed securities’ accessibility to investors outside the UAE. Swissquote is a provider of online financial services granting its clients access...

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neon’s Crowdfunding Campaign Reaches CHF 5 Million on Its First Day

2022-10-26

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2022-10-26

Swiss neobank neon’s crowdfunding campaign reached CHF 5 million of its CHF 10 million target with more than 2,000 investors participating on the first day of the campaign. The campaign, which runs from October 25 to 31, is offering two to 250 non-voting shares priced at CHF 200.00 per share. The company aims to sell a total of 50,000 shares. According to the campaign page, neon’s recent milestones include hitting 130,000 users, generating CHF 3.5...

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N26 Launches New Cryptocurrency Trading Feature With Bitpanda

2022-10-26

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2022-10-26

German neobank N26 has launched its cryptocurrency product in Austria to enable customers to buy and sell 194 cryptocurrencies in their app. The N26 Crypto feature will be made available progressively to eligible customers in Austria over the coming weeks, as well as in other key markets over the next six months. The launch addresses strong local demand, where internal research showed that 40% of N26 users are either actively trading, or have...

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Wealth Managers Reluctant to Invest in Crypto

2022-10-24

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2022-10-24

Wealth managers around the world are still reluctant to invest in cryptocurrency on behalf of their clients amid concerns over the lack of regulation, the lack of education as well as high volatility, a new study by American asset management company Mercer found.

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Relai Partners Checkout.com to Enable Instant Bitcoin Purchases

2022-10-20

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2022-10-20

Swiss Bitcoin investment app Relai has partnered with global payments provider Checkout.com to enable its users to buy the cryptocurrency via Visa, Mastercard and Apple Pay in real time through its self-custodial wallet. The partnership with Checkout.com is expected to allow users to have constant access to instant liquidity while also ensuring that they have full say over what happens to their assets. Founded in 2020, Relai currently serves over...

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SIX Digital Exchange Links to SIX SIS to Boost Digital CHF Bond Accessibility

2022-10-04

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2022-10-04

SIX Digital Exchange (SDX) announced the addition of SIX SIS to its Central Securities Depository (CSD), making it the first regulated CSD to have direct access to SDX.

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Swissquote Dives Into Cryptocurrency Trading With the Launch of SQX

2022-10-04

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2022-10-04

Online trading platform Swissquote has launched a cryptocurrency exchange called SQX that aims to provide a more competitive and secure trading environment. Unlike other crypto exchanges, SQX says that it prides itself on being a centralised trading platform as it believes that currency markets function on the back of long-standing bilateral relationships. As such, Swissquote added that SQX’s new central order book, which sources and aggregates...

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University of Zurich and ETH Zurich Among World’s Best Universities for Blockchain Education

2022-10-04

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2022-10-04

The University of Zurich and ETH Zurich ranked third and 27th respectively on CoinDesk’s latest annual best universities for blockchain rankings. The rankings were made from a shortlist of 240 institutions around the world, calculated based on their scholarly, industrial and pedagogical impact on blockchain. Metrics that were taken into account included the institutions’ blockchain research publications, courses, degrees, conferences, clubs and...

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Revolut is Now a Fully Registered Crypto Service Provider in the UK

2022-09-28

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2022-09-28

Digital money app Revolut has been approved by the United Kingdom’s Financial Conduct Authority (FCA) to offer cryptocurrency products and services in the country.

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Coinbase Gets Greenlight to Operate Its Crypto Exchange in the Netherlands

2022-09-28

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2022-09-28

Coinbase has secured regulatory approval from the Dutch central bank as a crypto service provider, allowing it to offer its full suite of retail, institutional, and ecosystem products to customers in the country.

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Portofino Technologies Raises US$50M to Scale Its HFT Crypto Infrastructure

2022-09-20

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2022-09-20

Digital asset trading technology provider Portofino Technologies has raised over US$50 million in equity funding from Valar Ventures, Global Founders Capital and Coatue to scale its technology across the full crypto infrastructure value chain. The company, founded by former Citadel Securities executives Leonard Lancia and Alex Casimo, builds high-frequency trading (HFT) grade technology for institutions and Web3 projects that require digital asset...

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Press Communication in the Metaverse: Rent a PR Cooperates With Zreality

2022-09-13

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2022-09-13

Access to the metaverse is complex and expensive, which is why it is so far used almost exclusively by large companies. The Zurich and Verbier-based PR agency Rent a PR, which has been providing on-demand public relations and communications consulting for five years and has been accepting Bitcoin payments since 2019, is setting another milestone with cooperation and press conferences in the metaverse.

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Crypto Financial Product Provider 21.co Raises US$25M at Unicorn Valuation

2022-09-12

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2022-09-12

Crypto solutions provider 21.co has raised a US$25 million round led by Marshall Wace at a US$2 billion valuation, making it Switzerland’s largest crypto unicorn. The round, which included investors, such as Collab+Currency, Quiet Ventures, ETFS Capital and Valor Equity Partners was the company’s first raise in over two years.

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Financial Crimes in the Metaverse

2022-09-08

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2022-09-08

Business executives are bullish on the prospect of the metaverse, predicting sizeable commercial opportunities in taking part in immersive virtual environments. But despite the high level of interest, industry stakeholders are also growing increasingly concerned over the possible risks brought about the concept.

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SIX Digital Exchange Goes Live With Ethereum Staking Service for Institutional Clients

2022-09-05

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2022-09-05

SDX Web3 Services, the newly launched business unit from SIX Digital Exchange, is now live with its non-custodial Ethereum staking service.

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