Archive
BlockFi Files for Bankruptcy Due to Exposure to FTX
Crypto lender BlockFi has filed for Chapter 11 bankruptcy protection citing a liquidity crisis due to substantial exposure to recently bankrupt crypto exchange FTX. BlockFi says that it is exposed to FTX via loans to Alameda, a crypto trading firm
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American Express, TikTok Partner to Help Small Businesses Reach Gen Z
American Express has partnered with TikTok to launch the Shop Small Accelerator, a new programme to help small business owners reach a new generation of shoppers on Small Business Saturday. The accelerator provides small business owners with access to tools
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Sweden’s Zimpler Expands to Latin America With New São Paulo Office
Swedish payments company Zimpler announced plans to expand to Latin America and that it has established its regional headquarters in Sao Paulo, Brazil’s financial center. A recent study conducted by Zimpler showed that nearly half of all online consumers in
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J.P. Morgan and Mastercard Launch Pay-by-Bank Service
J.P. Morgan Payments and Mastercard have launched Pay-by-Bank to enable consumers to permission their financial data to be shared so they can pay bills directly from their bank account. The service means that consumers will not need to type in
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MoneyGram Offers now Crypto Trading on their Mobile App
Moneygram announced the launch of a new service enabling consumers to buy, sell and hold cryptocurrency via the MoneyGram mobile app. This new feature gives MoneyGram customers in nearly all U.S. states and the District of Columbia the ability to
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Bilt Rewards Hits US$1.5B Valuation With US$150M Round Led by Left Lane Capital
Bilt Rewards, a rewards programme for renters, has raised US$150 million at a US$1.5 billion valuation. The round was led by Left Lane Capital, with Smash Capital, Wells Fargo, Greystar, Camber Creek, Fifth Wall, and Prosus Ventures participating. Launched in
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