News
Former Citi Exec Launches US$1.5 Billion Crypto Investment Vehicle
Founded by former Citi’s head of structured products Matt Zhang, crypto-focused investment firm Hivemind Capital Partners has launched its debut US$1.5 billion multi-strategy investment venture for the blockchain and digital asset ecosystem. The New York-headquartered firm will invest in crypto companies,
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Digital Currency Group to Move Headquarters From NYC to Stamford
Bitcoin and blockchain investor Digital Currency Group (DCG) will be relocating its headquarters from New York City to Stamford, Connecticut. The office of the Governor of Connecticut Ned Lamont announced that the move is expected to create over 300 jobs
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Mastercard to Extend Real-Time Payments to Latin America With Arcus Acquisition
Mastercard has acquired Mexico-based Arcus Financial Intelligence to support bill pay solutions and other real-time payment applications across Latin America. Arcus provides bill pay and cash-in, cash-out services for billers, retailers, fintechs and traditional financial institutions in the US and
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Crypto Payments Infrastructure Provider MoonPay Bags US$555 Million Series A
MoonPay, a crypto payments infrastructure provider, announced it has closed a $555 million Series A financing round led by Tiger Global Management and Coatue, bringing its post-money valuation to US$3.4 billion. The funding round also saw participation from Blossom Capital,
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El Salvador Plans World’s First ‘Bitcoin City’ Funded by US$1 Billion ‘Bitcoin Bond’
El Salvador’s President Nayib Bukele announced plans to build a world’s first “Bitcoin City” situated near a volcano that will be funded by the cryptocurrency according to Reuters. Bukele seems to be doubling down on his crypto push as El
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Crypto Exchange Gemini Raises US$400 Million Valuing It at US$7.1 Billion
Gemini, a cryptocurrency platform, announced a US$400 million growth equity round which is its first-ever outside financing, pushing the company’s valuation to US$7.1 billion. The fundraise was led by Morgan Creek Digital with participation from 10T, ParaFi, Newflow Partners, Marcy
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Peru Fintech Industry Grew 16% This Year; COVID-19 Accelerates Adoption of Digital Financial Services
Peru’s fintech industry has been growing consistently these past years, surging to 171 fintech companies operating locally, as of September 2021. The figure represents a 16% from 2020, and an annual average growth rate of 20% over the last seven
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Mastercard Finalises Acquisition of Danish Open Banking Firm Aiia
Mastercard announced it has completed its acquisition of Aiia, a Danish open banking technology provider that offers single and secure API access to banks and fintech companies, and enables users to easily perform account-to-account payments. Details of the deal which
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ConsenSys Raises Valuation to US$3.2 Billion With Us$200 Million Fundraise
Blockchain firm ConsenSys announced the close of a US$200 million financing round, bringing its valuation to US$3.2 billion. New investors Marshall Wace, Third Point, ParaFi Capital, and Think Investments contributed to the round alongside new partners that include Dragonfly Capital,
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Credit Card Startup Upgrade Raises US$280 Million Series F, Now Valued at US$6 Billion
Upgrade, Inc., a fintech company that offers affordable and responsible credit and mobile banking to mainstream consumers, announced that it raised a US$280 million Series F round at a US$6 billion pre-money valuation. Upgrade said that it has raised US$600
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