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Digital Assets: Matrixport Operating in the UK Following AR Arrangment with Varramore
Matrixport has had its UK wholly-owned subsidiary, Matrixport Advisors Limited, appointed as an Appointed Representative (AR) of Varramore Partners Limited (Varramore), which is authorized and regulated by the UK Financial Conduct Authority (FCA). The relationship allows Matrixport to conduct a range of investment-related activities in the UK. Headquartered in Singapore,...
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UK’s Bills Management Firm Billing Better Acquires Homebox
Billing Better, the UK bills management company, recently revealed that it has acquired Homebox, a utilities comparison and switching service. The two firms have been working together during the last few years, and this acquisition brings together the strengths of both businesses in order to provide a comprehensive solution for customers, while allowing for further growth in the sector.
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Digital Asset Firm HAYVN Welcomes Crypto Regulatory Clarity in the UK
The UK government has released proposals for regulation of the cryptocurrency industry in hopes of “stabilizing the market while diminishing the incentives for users to flock to offshore jurisdictions.”. Perhaps one of the benefits of the post-FTX landscape is that regulators are now “urged to more clearly communicate necessary...
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UK’s Salad Money Acquires £40M Debt Facility to Get Credit to Essential Workers
Social purpose Fintech firm Salad Money will aim to serve the demand for affordable credit from NHS and public sector employees after receiving a senior debt facility of as much as £40 million via a US-headquartered credit fund. The facility means more essential workers among the United Kingdom’s millions...
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Payments Firm Zilch Partners with StepChange
Zilch, a UK-based payments Fintech, has announced a partnership with StepChange – a “debt advice charity.”. According to Zilch, the collaboration with StepChange will make it the first provider of credit via buy now pay later (BNPL) to fully integrate StepChange Direct into its platform. Zilch said it...
After US pops 1st balloon, China admits the 2nd one floating over Latin America is also theirs and gave the same excuse that it was just lost
China's Foreign Ministry said the craft was a lost civilian balloon, the same explanation it gave for a suspected spy balloon that drifted over the US.
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Binance Invests in South Korean Crypto Exchange GOPAX via its Industry Recovery Initiative
Binance, which claims to be the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has invested in GOPAX, a South Korean cryptocurrency exchange licensed “to provide fiat-to-crypto services to customers, as part of its Industry Recovery Initiative (IRI).”. In November 2022, GOPAX halted “the withdrawal of principal and...
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Genesis Reaches an Agreement in Principle with Parent Digital Currency Group
Genesis Global Holdco, LLC says that it has reached an “agreement in principle” with Digital Currency Group (DCG) and the ad hoc groups of creditors of Genesis Global Capital, LLC, which holds or represents more than $2 billion in claims, according to a note from Genesis. The agreement...
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UK’s iwocaPay Integrates with Quickbooks to Become “First” B2B BNPL Solution for Cloud Accounting Software
Iwoca is announcing the integration of its B2B payment solution iwocaPay with Quickbooks’ accounting software package – this makes it “the first invoice checkout integration with a BNPL option for businesses that integrate with QuickBooks.”. Quickbooks supports UK businesses “with their accounting needs via a cloud-first approach...
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Credit Card Purchases: Canada’s Vancity to Offer a Way to Estimate CO2 Emissions that Come from Transactions
Vancity took another step recently in its commitment to climate action. It is reportedly one of the first financial institutions in Canada “to offer its members a way to estimate the CO2 emissions that come from their purchases.”. Every Vancity Visa credit cardholder “can track the estimated carbon emissions...
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NFTs: Topps Digital Partners with Checkout.com to Provide Secure Shopping Experience to Meet Demand for Digital Collectibles
The world of collectibles is a “real business” with a passionate following. When it comes to trading cards, the Topps brand is in “a league of its own,” according to an update shared by Checkout.com. The company known for its legendary baseball cards “has made its...
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Neobank: Tide Completes Acquisition of Funding Options
Tide, a neobank serving business customers, has closed on the acquisition of Funding Options, a UK marketplace for business finance, following FCA approval. The purchase was previously announced in November 2022. Tide is authorized by the FCA under the Electronic Money Regulations and offers bank accounts provided by ClearBank which...
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Fintech Provider Larky Announces Launch with Forward Bank
Larky, a Fintech provider helping financial institutions connect with their audience in the right place and at the right time, announced its launch with Marshfield, Wis.-based Forward Bank. The bank has introduced Larky’s nudge push notifications in order to provide its account holders with more personalized, timely communications. With...
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Binance Introduces Software to Streamline Crypto Investors’ Tax Season Experience
Tax season is a “dreaded” time of the year for many — especially crypto users, according to an update from Binance. Scouring a spreadsheet and computing all your transactions, gains, and losses throughout the past year can be, well, “taxing.” For day traders, who normally deal with thousands of transactions yearly, this means “putting in extended hours and stress to ensure the accuracy of their filings come tax reporting time.”
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Decentralized Finance: Dexalot Launches Hybrid DeFi Subnet on Avalanche
Decentralized cryptocurrency exchange Dexalot has launched on an Avalanche Subnet, marking a new milestone in “the evolution of decentralized trading protocols.”. The Dexalot Subnet aims “to replicate the user experience of a CEX without compromising on decentralization and transparency.”. Its team has “spent months building and refining its...
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Republic Note Quickly Raises $3 Million in Reg CF Offering for Rebranded Republic Core
Do you remember Republic Note? Back in 202o, Republic sought to raise capital for a security that provides purchasers with a portion of the income generated by the investment crowdfunding platform. At that time, Republic raised about $16 million in a sold-out Reg D 506c offering for accredited investors. Simultaneously, Republic filed a Form 1-A to enable non-accredited investors to participate in the securities offering, pitched as a digital asset. Unfortunately, the Securities and Exchange Commission (SEC) struggled to qualify the Reg A+ offering.
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Australia’s Digital Lender MONEYME Returns to Statutory Profits
Digital lender MONEYME (ASX:MME) has just released a trading update announcing it has returned to statutory profits “ahead of target, making it potentially the first fintech in Australia to return to profitability following recent challenging market conditions.”. MONEYME has “delivered >$8m NPAT and record revenue for 1H23, after previously...
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Follow to Build Social Investment Platform to Automate Copying of Trades for US Equities
Follow, the “first” community-centric investment platform joining selected finance-focused influencers called ‘Leaders’ and individual investors launches with $9M in funding. As the “first” platform to automate copying of trades of US equities to US clients using a feature called SuperFollow at its RIA affiliate, Follow’s RIA...
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LCX to Issue Blockchain Powered Euro Bond
LCX says it will become the first company in the crypto industry to issue a tokenized bond that generates a fixed yield for investors. The blockchain-powered “EURt7 tokenized bond” has been approved by the securities regulator in Liechtenstein and is thus available across all EU member states/EEA countries.
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The Digital Pound Moves Forward: HM Treasury and Bank of England Launch Consultation on CBDC, No Decision on DLT
HM Treasury and the Bank of England have announced a new consultation on the possibility of a digital pound. According to a joint statement, The consultation is being launched as the UK government wants to ensure the public has access to “safe money” while supporting private sector innovation and efficiency. The UK is one of many jurisdictions that is reviewing the possibility of issuing a central bank digital currency or CBDC. A decision regarding a digital pound will not take place until “the middle of the decade.”
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