Is Anchorage Digital the gateway for a Web3 boom

Is Anchorage Digital the gateway for a Web3 boom

Crypto bank Anchorage secured $350M in Series D funding at a $3B valuation. Led by KKR, the latest round brings large institutions like Goldman Sachs and BlackRock on board for strategic growth.

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CoinMarketCap, Coinbase list Bitcoin in the billions, bringing panic (and some trolling)

CoinMarketCap, Coinbase list Bitcoin in the billions, bringing panic (and some trolling)

Due to a technical glitch, data provider CoinMarketCap and crypto trading site Coinbase wildly overinflated cryptocurrency values, listing Bitcoin as high as $789B.

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Data will be critical to the progress of sustainable and inclusive finance

Data will be critical to the progress of sustainable and inclusive finance

The movement toward a financial system that is both sustainable and inclusive is a result of a societal shift in philosophy and awareness about what we value, and a desire to do something about it.

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Abu Dhabi Securities Exchange and Tel Aviv Stock Exchange sign MOU

Abu Dhabi Securities Exchange and Tel Aviv Stock Exchange sign MOU

The Abu Dhabi Securities Exchange (ADX) and Tel Aviv Stock Exchange have signed a Memorandum of Understanding, creating a framework for financial industry and technology collaborations.

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Houston-based fintech offers to help Afghan refugees establish financial lives

Houston-based fintech offers to help Afghan refugees establish financial lives

Fair, a neobank that is a subsidiary of Houston-based tech firm Amsys Group, is working with Austin-based nonprofit World Relief to help Afghan refugees set up bank accounts and other financial products after they arrive in the U.S.

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Fintechs embrace hybrid work, but empower employees to make choices

Fintechs embrace hybrid work, but empower employees to make choices

Fintechs have shifted their work cultures as a result of the pandemic. Some companies are offering hybrid work models, while others are letting employees decide what format suits them best.

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ETF tracking NFTs and blockchain are part of fintech’s emerging metaverse opportunity

ETF tracking NFTs and blockchain are part of fintech’s emerging metaverse opportunity

This month, an exchange-traded fund (ETF) that invests in companies exposed to the non-fungible token (NFT) market, blockchain, and cryptocurrency systems launched.

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Many users don’t understand ‘buy now, pay later,’ says Barclays

Many users don’t understand ‘buy now, pay later,’ says Barclays

A recent survey of 2,000 U.K. consumers conducted by Opinium on behalf of Barclays found that more than a third don’t fully understand the consequences of missing ‘buy now, pay later’ (BNPL) repayments, and 52% are unaware that “unregulated BNPL providers” don’t have to carry out “robust affordability checks.”

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Gen Z-focused financial services capture imagination of incumbents and startups

Gen Z-focused financial services capture imagination of incumbents and startups

Gen Z consumers have garnered considerable recent attention as incumbents and newer platforms launch offerings to cater to this market

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Will Fidelity’s spot bitcoin ETF launch in Canada force the hand of US regulators?

Will Fidelity’s spot bitcoin ETF launch in Canada force the hand of US regulators?

Fidelity earlier this month launched a spot bitcoin exchange-traded fund (ETF) offering in Canada, a product which differs from bitcoin-linked ETFs currently approved in the U.S., which are bitcoin futures-based ETFs.

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Stash plans to introduce crypto in smart portfolios

Stash plans to introduce crypto in smart portfolios

Banking and investing app Stash is reportedly working on introducing crypto into its smart portfolios, but the company did not offer a specific launch date.

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Regulators will crack down on banks that are overly reliant on overdraft fees

Regulators will crack down on banks that are overly reliant on overdraft fees

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra said the regulator plans to enhance its scrutiny of banks that are “heavily dependent” on overdraft fees, hinting at enforcement actions that could follow.

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Square changes corporate name to Block, suggesting new product roadmap

Square changes corporate name to Block, suggesting new product roadmap

In a not-so-subtle nod to crypto and blockchain, payments company Square, which is led by Twitter co-founder Jack Dorsey, changed its corporate name to Block this week.

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Better.com announces layoffs ahead of public debut

Better.com announces layoffs ahead of public debut

Better.com, a New York-based digital mortgage lender, is laying off roughly 9% of its 10,000 staff ahead of its public launch.

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Capital One kills overdraft fees, citing need for consumer ‘safety net’

Capital One kills overdraft fees, citing need for consumer ‘safety net’

Capital One announced that it’s removing overdraft fees, and the $150M in annual revenue that goes along with it. The bank is also getting rid of non-sufficient fund (NSF) fees.

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