Category Archive: 6c.) Fintechnews

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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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Hackers Tap Cross-Chain Bridges Vulnerabilities; Whopping US$2B Worth of Crypto Stolen

2022-09-02

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2022-09-02

Hackers and cybercriminals are exploiting vulnerabilities found in cross-chain bridge protocols to siphon billions of dollars worth of cryptocurrencies out of wallets and smart contracts, a new report by blockchain analytics firm Chainalysis claims. A total of 13 separate cross-chain bridge hacks have been recorded so far, netting criminals about US$2 billion, according to the firm. Most of these attacks took place this year, showing that the trend...

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Global Blockchain Funding Dip; Mega-Rounds Shrink

2022-08-22

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2022-08-22

After a record year 2021, the venture capital (VC) market for blockchain investment is slowing down significantly in 2022 amid uncertain macroeconomic conditions and financial markets turmoil. In Q2 2022, VC investors scaled back cryptocurrency investments due to macroeconomic pressures, concerns about valuations and market volatility.

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CME Group to Launch Euro-Denominated Bitcoin and Ether Futures on August 29

2022-08-08

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2022-08-08

CME Group, the world’s leading derivatives marketplace, announced it plans to further expand its cryptocurrency derivatives offering with the introduction of Bitcoin Euro and Ether Euro futures on August 29, pending regulatory review.

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CME Group to Launch Euro-Denominated Bitcoin and Ether Futures

2022-08-08

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2022-08-08

CME Group, the world’s leading derivatives marketplace, announced it plans to further expand its cryptocurrency derivatives offering with the introduction of Bitcoin Euro and Ether Euro futures on August 29, pending regulatory review.

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Meta: Digital Collectibles to Showcase NFTs on Instagram

2022-08-08

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2022-08-08

Starting this week on Instagram, Meta is testing digital collectibles with select US creators and collectors to share NFTs that they have created or bought. Meta/Instagram started with the international expansion to 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas.

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Blackrock Ties up With Coinbase to Offer Its Clients Crypto Trading and Custody

2022-08-05

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2022-08-05

Asset manager BlackRock has selected cryptocurrency exchange platform Coinbase to provide the institutional clients of Aladdin®, BlackRock’s end-to-end investment management platform, direct access to crypto starting with bitcoin. Coinbase Prime will provide crypto trading, custody, prime brokerage, and reporting capabilities to Aladdin’s institutional client base who are also clients of Coinbase.

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Swiss Blockchain-Insurtech Jarowa Raises CHF 12.4 Million Series A for Europe Expansion

2022-08-02

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2022-08-02

JAROWA is a Swiss digital marketplace and transaction platform for insurance companies, property managers, and leasing companies to manage their trusted service providers and digital orders more efficiently. JAROWA has successfully closed its Series A funding round, led by Eos Venture Partners, a strategic venture capital fund focused on InsurTech. The proceeds will be used to further expand JAROWA’s offering throughout Europe.

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SAP Green Tokens Tap Blockchain for Improved Transparency in Plastic Recycling

2022-07-24

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2022-07-24

DIC Corporation, one of Japan’s leading fine chemical manufacturers, is launching a pilot project which seeks to utilize blockchain technology and crypto tokens to improve transparency in plastic recycling and help it meet its environmental, social and governance (ESG) goals.

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New Research Finds Centralization Risks in Public Blockchains, Cryptocurrencies

2022-07-15

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2022-07-15

Despite claims of immutability and decentralization, cryptocurrencies and public blockchains, including Bitcoin and Ethereum, are not quite delivering on their promises and are seeing a concentration of power in the hands of a few players.

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Crypto Companies Put the Brakes on Sports Sponsorship Amid Market Crash

2022-06-29

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2022-06-29

This year’s cryptocurrency crash, which saw the market lose more than half of its value in the span of six months, is threatening to bring sports sponsorship deals to a halt as crypto companies look to cut costs.

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A Look at Switzerland’s Booming Digital Asset Ecosystem

2022-06-08

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2022-06-08

In recent years, Switzerland’s blockchain and digital asset ecosystem has matured rapidly and grown into one of the world’s leading blockchain hubs, a position that’s asserted by its expanding workforce and a rising number of foreign companies setting up operations locally.

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FIFA Announces Partnership With Blockchain Company Algorand

2022-05-05

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2022-05-05

FIFA has teamed up with Zug based blockchain technology company Algorand to agree a sponsorship and technical partnership deal. The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution.

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Swiss and Singapore Regulators Unveil Inaugural Point Zero Forum

2022-04-28

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2022-04-28

The Swiss Secretariat for International Finance (SIF) and Elevandi announced the programme and speaker line-up for the inaugural Point Zero Forum, taking place on 21-23 June in Zurich, Switzerland. Elevandi is a Company Limited by Guarantee (GLC) created by the Monetary Authority of Singapore (MAS) to manage the Singapore Fintech Festival (SFF).

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Social Media Financial Scams Balloon

2022-04-17

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2022-04-17

Around the world, fraudsters are turning to social media platforms like Facebook and Instagram to reach billions of potential victims. As losses continue to pile up, regulators are voicing their concerns, with one going as far as suing a social media giant for not taking sufficient steps to tackle the rampant issue.

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Binance Sets up at Paris’ STATION F to Develop the Web.3 Ecosystem in Europe

2022-04-14

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2022-04-14

Binance, a global blockchain ecosystem and cryptocurrency infrastructure provider, announced the opening of its space in at the startup campus STATION F in Paris.

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Global Blockchain Sector Surged in 2021

2022-04-12

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2022-04-12

2021 was a blockbuster year for the global blockchain sector, which saw funding activity surge, trading volumes balloon and further growth in key segments including custodians, exchanges, decentralized finance (DeFi), as well as non-fungible tokens (NFTs) and the metaverse, a new report by Swiss blockchain-focused investment company CV VC, in collaboration with PwC Switzerland, says.

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Top 20+ Upcoming Fintech Events to Attend in Europe

2022-03-29

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2022-03-29

Technological advances and evolving customer expectations are changing the financial landscape, stimulating fintech development and innovation. To keep up with the burgeoning fintech industry, top-quality fintech events are being organized on a regular basis to educate attendees on the latest trends and enable professionals to build meaningful connections.

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