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FIFA Announces Partnership With Blockchain Company Algorand

15 days ago

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. As per the sponsorship agreement, Algorand will be a FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor.
Blockchains allow non-editable data to be permanently recorded and distributed on digital networks, while also facilitating innovations and ensuring safe, untampered exchange of value and assets such as non-fungible tokens (NFTs), and through blockchain-enabled wallets holding digital

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Social Media Financial Scams Balloon

April 17, 2022

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.
Just last month, Australia’s Competition and Consumer Commission (ACCC) instituted Federal Court proceedings against Facebook owner Meta Platforms for allegedly misleading users by publishing scam advertisements featuring local celebrities.
The ads promoted cryptocurrency investments and linked to fake media articles in which public figures endorsed the schemes. The watchdog said Meta Platforms “engaged in false, misleading or deceptive conduct.” The

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

April 14, 2022

Binance, a global blockchain ecosystem and cryptocurrency infrastructure provider, announced the opening of its space in at the startup campus STATION F in Paris.
This opening is part of the Objective Moon programme announced last November by Changpeng Zhao “CZ”, Founder and CEO of Binance.
This programme poured in a €100 million investment in France to make the country the heart of the European crypto community.

CZ said that Binance is committed to build and support a strong ecosystem around blockchain, Web.3 and metaverse. The company will be using France as its launchpad for Europe.
By setting up its early-stage startup support program at STATION F, Binance will put its experts and know-how at the service of the most promising upcoming projects.
The selected

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Global Blockchain Sector Surged in 2021

April 12, 2022

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.
The second installment of the Global Report series, released last week, provides an overview of the global blockchain ecosystem, outlining the main developments and trends observed in 2021.
Rising funding
The report highlights a surge in venture capital (VC) financing, which reached a new record of US$33 billion in 2021. The year also recorded the largest by blockchain VC deal count

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Top 20+ Upcoming Fintech Events to Attend in Europe

March 29, 2022

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.
Today, we look at the top 24 upcoming fintech events taking place in the coming months in Europe. For this list, we’ve excluded most fintech events taking place in London in H1 2022. These have been recently featured in a previous event list.

RFS Blockchain Forum
March 29, 2022
Zurich, Switzerland
On March 29, 2022, the RFS Blockchain Forum will explore the thriving digital assets and decentralized finance

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Wolters Kluwer Partners NYDIG to Roll Out Bitcoin Regulatory Risk Assessment

March 20, 2022

Wolters Kluwer Compliance Solutions has collaborated with Bitcoin company NYDIG to launch the Bitcoin Risk Assessment.
The Risk Assessment evaluates a financial institution’s control environment related to its participation in the NYDIG Bitcoin platform.
As part of the assessment, clients receive a report on how the findings fit within a range of established, relevant controls, providing clients a clearer picture of their Bitcoin activities.
This helps the financial institution understand if its current controls will allow it to fulfill the relevant regulatory standards for offering Bitcoin products and services.
Wolters Kluwer is a NYDIG Preferred Consultant for risk assessments conducted by financial institutions related to the NYDIG platform.
In 2021, the two

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Swiss Blockchain Startup Wecan Chooses France for Its Expansion

March 11, 2022

Wecan Group SA, a Swiss Blockchain software provider used  Swiss private banks, is favoring an expansion in France for its internationalization. Behind this choice: an investment from Michel Reybier, owner of La Réserve hotels, and a selection in the Swave program, an initiative of the French government to attract the most promising fintechs in France.
100 billion is the amount of assets under management of independent asset managers using the Wecan Comply platform. The Swiss software, Wecan Group’s flagship product, enables the exchange of compliance information with the country’s largest private banks, such as Lombard Odier, Pictet Group, Edmond de Rothschild and Julius Bär. Spotted by Swave, the solution was selected from among several hundred other

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Google Cloud Meets Digital Assets and Crypto Payments

February 19, 2022

Blockchain technology is yielding tremendous innovation and value creation for consumers and businesses around the world. As the technology becomes more mainstream, companies need scalable, secure, and sustainable infrastructure on which to grow their businesses and support their networks. Google Cloud believes it can play an important role in this evolution.
Building on their existing work with blockchain developers, exchanges, and other companies in this space, Google Cloud announced a new dedicated Digital Assets Team within Google Cloud to support our customers’ needs in building, transacting, storing value, and deploying new products on blockchain-based platforms. This new team will enable our customers to accelerate their efforts in this emerging space and

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TransUnion Taps Spring Labs to Bring Credit Data to Public Blockchain Networks

January 18, 2022

Blockchain-based data-sharing platform Spring Labs announced that is bringing TransUnion’s identity and credit data on-chain to help accelerate Web 3 and DeFi adoption.
The off-chain credit data from TransUnion, a global information and insights company, will be made available on public blockchain networks via Spring Labs’ ky0x Digital Passport.
Ky0x Digital Passport allows users to provide information about themselves in order to access permissioned smart contract applications while preserving the privacy of their off-chain identity.
With access to ky0x’s Digital Passport’s data, DeFi and Web3 applications can build increasingly competitive financial products that only ky0x’s open and continuously growing system can enable.
In addition to credit data, the ky0x

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SEBA Bank Raises CHF 110 Million in Series C Fundraise

January 16, 2022

SEBA Bank, a digital assets firm with a Swiss banking license from FINMA, announced that it has raised CHF 110 million in a significantly oversubscribed Series C funding round.
The round was co-led by Altive, Ordway Selections, and Summer Capital, as well as DeFi Technologies, a NEO listed leader in decentralised finance.
Alameda Research, a global cryptocurrency quantitative trading firm and liquidity provider, as well as core partner of FTX, also participated in the round
Existing investors, including Julius Baer, increased their positions in the funding round.
SEBA Bank said that this funding round will further accelerate the considerable growth that it has achieved over the past year.
The firm is currently supporting over 25 markets globally, having

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The Top 8 Crypto Custodians

January 7, 2022

As investors increasingly incorporate digital assets into their portfolios, the crypto custody landscape continues to grow and mature. As of late-2021, around US$230 billion worth of digital assets, or about 9% of the total US$2.5 trillion cryptocurrency market, were being stored on the technology solutions of eight crypto custodians, separate research by The Block Research and Blockdata found.
Coinbase stood as a leader in the space with some US$100 billion worth of custodial assets, the analyses found. Coinbase, a cryptocurrency trading platform, entered the institutional crypto custody business in 2018 and has since embarked on an acquisition spree, snapping up crypto wallet and asset holder Xapo’s institutional businesses, as well as custody technology firm

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BBVA Switzerland Adds Ether to Its Crypto Trading Service

December 16, 2021

BBVA Switzerland, the Swiss franchise of Spanish multinational financial institution BBVA, has expanded its cryptocurrency custody and trading service with the addition of Ether to its investment portfolio.
Its private banking clients and new gen customers will now have access to both Bitcoin and Ether, a statement from the company said.
These digital assets can be viewed along with other traditional investments on BBVA’s app, and can automatically be converted to euros, dollars or any fiat currency.
According to BBVA Switzerland, this move makes it the first traditional bank in Europe to incorporate Ether into its service.
The crypto asset service went live for all customers in June last year.
BBVA Switzerland aims to continue expanding its portfolio of digital

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Roll Out of Digital Euro Could Transform Payments in Germany

December 15, 2021

A digital programmable euro is essential for innovative business models in Germany, according to the Frankfurt School Blockchain Centre (FSBC).
The FSBC is a think tank and research centre focusing on the business implications of blockchain.
It published the “The Programmable Euro: Review and Outlook” report on behalf of the Finanzplatz München Initiative (fpmi), highlighting the use cases of the digital programmable euro, a blockchain-based euro that enables programmable payments.
The study found that there was a growing demand for payment solutions that eliminate the inefficiencies of current infrastructures, such as the SEPA or TARGET2 systems.
These systems were unable to address new business models due to complex data synchronisation processes, and

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Bitcoin Capital Rolls Out New Crypto ETPs on the Swiss Stock Exchange

December 6, 2021

Bitcoin Capital has expanded its crypto asset offerings by launching two new crypto exchange-traded products (ETPs) on the SIX Swiss Exchange.
The new products, 1 FiCAS Active Bitcoin ETP and 1 FiCAS Active Ethereum ETP, are actively managed by crypto asset manager FICAS AG, a statement from the company said.
Bitcoin Capital is a subsidiary of FiCAS AG, a Swiss-based crypto investment management boutique.
The listing is accessible for investments by institutional, professional, and private investors in Switzerland, Liechtenstein, and the EU (excluding Hungary).
The company had launched the world’s first exchange-listed actively managed crypto ETP, 15 FiCAS Active Crypto ETP, on the Swiss stock exchange in 2020.
“Our purpose is to grant investors safe and easy

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German Regulator BaFin Grants Third Crypto Custody License to Tangany

October 10, 2021

Tangany has received a license from the German Federal Financial Supervisory Authority (BaFin) as the third regulated service provider for the custody of digital assets in the country to provide crypto custody business.
Furthermore, Tangany plans to apply for further licenses in Germany and Europe in the future and has already received preliminary permission from BaFin to manage registers of crypto securities.
Tangany is a B2B white-label crypto custodian regulated in Germany with its headquarters in Munich.
Customers can use the Tangany Custody Suite to store digital assets such as Bitcoin, Ethereum, stablecoins, NFTs, and security tokens in warm wallet and cold wallet storage solutions.
Developed in-house since 2018 at the highest technical level, Tangany

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Coinbase to Invest US$500 Million Into Crypto Assets

September 21, 2021

American cryptocurrency exchange platform Coinbase announced that it has committed to invest US$500 million of its cash and cash equivalents into a diverse portfolio of crypto assets.
Coinbase added that going forward, it will also allocate 10% of quarterly net income into this same portfolio.
According to a statement by the firm, this move will make it the first publicly traded company to hold Ethereum, Proof of Stake assets, DeFi tokens, and many other crypto assets supported for trading on its platform, in addition to Bitcoin, on its balance sheet.
Coinbase’s crypto asset investment allocation will be driven by its aggregate custodial crypto balances which means that its customers will drive its investment strategy. The firm added that it may increase our

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Coinbase to Invest US$500 Million Into Crypto Assets

September 21, 2021

American cryptocurrency exchange platform Coinbase announced that it has committed to invest US$500 million of its cash and cash equivalents into a diverse portfolio of crypto assets.
Coinbase added that going forward, it will also allocate 10% of quarterly net income into this same portfolio.
According to a statement by the firm, this move will make it the first publicly traded company to hold Ethereum, Proof of Stake assets, DeFi tokens, and many other crypto assets supported for trading on its platform, in addition to Bitcoin, on its balance sheet.
Coinbase’s crypto asset investment allocation will be driven by its aggregate custodial crypto balances which means that its customers will drive its investment strategy. The firm added that it may increase our

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MoneyLion to Offer Crypto Investment Ahead of SPAC Merger

September 16, 2021

US-based neobank MoneyLion announced the launch of its new cryptocurrency capabilities, enabling customers to buy and sell digital currencies within its app.
MoneyLion said that eligible customers will initially be able to buy and sell Bitcoin and Ethereum, as well as round-up their debit card purchases in Bitcoin.
In the coming months, the neobank plans to add more cryptocurrencies and related features to the offering.
The rollout is underway and will continue over the coming weeks, with the new capabilities available to all eligible MoneyLion customers on October 5.
MoneyLion had recently announced that its merger with a special purpose acquisition company (SPAC) Fusion Acquisition Corp. to become a publicly listed company is coming to a close soon.
“We view the

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MoneyLion to Offer Crypto Investment Ahead of SPAC Merger

September 16, 2021

US-based neobank MoneyLion announced the launch of its new cryptocurrency capabilities, enabling customers to buy and sell digital currencies within its app.
MoneyLion said that eligible customers will initially be able to buy and sell Bitcoin and Ethereum, as well as round-up their debit card purchases in Bitcoin.
In the coming months, the neobank plans to add more cryptocurrencies and related features to the offering.
The rollout is underway and will continue over the coming weeks, with the new capabilities available to all eligible MoneyLion customers on October 5.
MoneyLion had recently announced that its merger with a special purpose acquisition company (SPAC) Fusion Acquisition Corp. to become a publicly listed company is coming to a close soon.
“We view the

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Blockchain-Based Invoice Factoring Firm Hiveterminal Expands to DACH Region

September 15, 2021

Blockchain-based invoice factoring platform Hiveterminal announced that it has expanded to the DACH region as part of its Europe growth plans.
Hiveterminal aims to start cultivating relationships with Swiss-based small and medium-sized enterprises (SMEs) who need fast and continuous access to liquidity without going through the hassle of applying for bank financing.
The offered solution has reportedly already been adopted by more than 4,000 registered business users in the initial market.
The Hiveterminal platform can also be used for closed ecosystems or white-labeled on a Software as a Service (SaaS) basis in its Enterprise edition, which was recently launched. The solution is also available to companies within the DACH market now.
This news comes less than two

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Blockchain-Based Invoice Factoring Firm Hiveterminal Expands to DACH Region

September 15, 2021

Blockchain-based invoice factoring platform Hiveterminal announced that it has expanded to the DACH region as part of its Europe growth plans.
Hiveterminal aims to start cultivating relationships with Swiss-based small and medium-sized enterprises (SMEs) who need fast and continuous access to liquidity without going through the hassle of applying for bank financing.
The offered solution has reportedly already been adopted by more than 4,000 registered business users in the initial market.
The Hiveterminal platform can also be used for closed ecosystems or white-labeled on a Software as a Service (SaaS) basis in its Enterprise edition, which was recently launched. The solution is also available to companies within the DACH market now.
This news comes less than two

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Facebook Pay To Be Available to Online Retailers Starting With Shopify

July 21, 2021

With digital payments picking up pace across the globe, social media giant Facebook is extending its payment services to online retailers.
Shopify has become the first e-commerce platform to sign up for Facebook Pay. This will allow Shopify merchants to offer Facebook Pay as a payment option during checkout, eliminating the need to re-enter payment information for every transaction.
Prior to this, Facebook Pay, which was launched in 2019, was available for its main platform, as well as WhatsApp and Instagram.

The feature will be expanded across more platforms in the US starting this August.
The development comes not long after Facebook’s Libra cryptocurrency project went belly up.
Moreover, the global digital payments scene heating up with the likes of

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Visa Customers Spent More Than US$1 Billion on Crypto-Linked Cards in 2021

July 9, 2021

Visa revealed that its customers had spent more than US$1 billion on its crypto-linked cards in the first half of 2021.
The payments giant reported that it had partnered with 50 leading crypto platforms on card programmes that make it easy to convert and spend digital currency at 70 million merchants worldwide.
Visa had previously announced in March 2020 that it will allow the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle transactions on its payment network over Ethereum.
The company has been expanding partnerships with digital currency platforms such as FTX, Coinbase, Crypto.com, and CoinZoom, to name a few.
In fact, one-quarter of the companies in its Fintech Fast Track programme are working to issue Visa cards linked to a crypto

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AntChain Inks Deal With UEFA EURO to Be Its Official Global Blockchain Partner

June 11, 2021

UEFA and AntChain, the blockchain business of Ant Group, announced a five-year global partnership around blockchain technologies and to jointly explore how blockchain technology can be used to further the digital transformation of football industry and improve the experiences of fans around the world.
In doing so, AntChain also becomes the official global blockchain partner of UEFA EURO 2020 and UEFA EURO 2024
The partnership also revealed the tournament’s Top Scorer Trophy which applies blockchain technology and designed by Alipay, a digital payment and lifestyle platform operated by Ant Group and UEFA’s global partner since November 2018.

The UEFA EURO 2020 Top Scorer Trophy is the first major international football Top-Scorer trophy to utilise blockchain in

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9 Top-Ranked Crypto Blockchain Project Coins You’ve Probably Never Heard of Before

June 8, 2021

Cryptocurrencies have been all the rage this year with total market capitalization surging 132% since the beginning of the year.
Given this crypto frenzy, it is quite remarkable how some of the top marketcap ranking firms have eluded  mainstream attention.
Fintech News compiled a list of top nine cryptocurrency firms ranked (#) by market cap according to coinmarketcap. These crypto firms haven’t been featured much by the mainstream media so far, probably with the exception of the Binance exchange.

Please note this is no investment advice at all and any of those coins can be traded anytime at 0.0001.
Binance Coin
Binance Coin (BNB) is the cryptocurrency issued by the Binance cryptocurrency exchange. It powers the whole Binance ecosystem which includes he

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FQX Secures $4.7M in Seed Funding Led By Earlybird Venture Capital and SIX Ventures

June 2, 2021

Zurich-based FQX secures $4.7M in seed funding to scale their revolutionary eNoteTM infrastructure. Earlybird led the round with participation of SIX Fintech Ventures, the non-strategic corporate venture arm of SIX, and the unicorn founder Carsten Thoma.
FQX is radically facilitating trade finance & money markets by using eNotesTM, a disruptive short-term financing & payment instrument. In essence, an eNoteTM is an unconditional promise to pay a specific sum to another party at a specific future date. The eNoteTM is based on Blockchain technology and can be flexibly sold and transferred to any third party (i.e. an investor). When compared to other financing options, eNotesTM as negotiable instruments outperform through their financial steering capabilities and

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ETC Group Lists Physically Backed Ethereum and Litecoin Crypto ETCs on SIX

May 26, 2021

– Click to enlarge
ETC Group, a specialist provider of digital asset-backed securities, has announced that it will list its physically backed Ethereum and Litecoin cryptocurrency ETCs on the Swiss Stock Exchange SIX.
The listing of ETHetc (ETC Group’s Physical Ethereum ETC) and LTCetc (ETC Group´s Physical Litecoin ETC) in USD, CHF and GBP, follows the success of its first Bitcoin based product which is the BTCetc (ETC Group Physical Bitcoin ETC), which was listed on SIX in January 2021.
All three products are also listed on XETRA, are issued by ETC Group and distributed by HANetf.
The Ethereum and Litecoin ETCs were listed on XETRA in February and April 2021 respectively. ETC Group Physical Ethereum ETC has surpassed USD $100 million assets under management

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56 Fintech Billionaires Worth a Combined US$327B in 2021

April 27, 2021

There are 56 fintech billionaires around the world who combine a total net worth of US$327.7 billion, data curated by Finextra based on Forbes’ 2021 World’s Billionaires list show. These represent some of the world’s biggest and most successful fintech companies in the world including Ant Group, PayPal, Stripe and Klarna. They are also world renowned fintech investors and the founders of leading firms such as Bloomberg and Thomson Reuters.
US leads in fintech billionaire count
Out of the 56 fintech billionaires identified, 28 are in the US, making it the largest hub of fintech billionaires.
US fintech billionaires are worth a combined US$162.1 billion and represent industries including financial media and information, payment, cryptocurrency, blockchain, brokerage

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Swissquote Adds 9 Additional Cryptocurrencies for Retail Trading

April 22, 2021

Swiss banking group Swissquote announced that it is expanding its cryptocurrency offering with nine additional ones.
In addition to the leading twelve cryptocurrencies, investors can now also trade Cardano, Filecoin, Maker, Uniswap and yearn.finance (YFI).
A further four cryptocurrencies will follow at the end of the month namely Aave (AAVE), Algorand (ALGO), Compound (COMP) and Cosmos (ATOM).
With a total of 21 tradable virtual currencies, Swissquote offers comprehensive cryptocurrency trading in Switzerland.
Client demand and the liquidity available for trading were the key factors in the selection of these new cryptocurrencies. The bank first offered private clients the opportunity to trade in cryptocurrencies in July 2017, and since then the offering has been

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