News (231)

Coinsquare Leadership Out Amid Accusations of Market Manipulation

Coinsquare CEO Cole Diamond and its founder and president, Virgile Rostand, are out after accusations the company misled investors and manipulated the market. So reports CBC Radio Canada.


Qatar Hub Prepares for New Way of Banking: Summit Keynote

Abdulaziz bin Nasser al-Khalifa, the CEO of the Qatar Development Bank, confirmed its commitment to “to accelerate the digital transformation of the financial services industry in the country.” So reports Crowdfund Insider.


Ant Group Plans Dual IPO, Scarce with Details

Chinese fintech company Ant Group initiated a joint public offering in Hong Kong and Shanghai, although the Alibaba affiliate chose not to disclose how much it is looking to raise. So reports CNBC.


Fintech nCino Plans $210M Offering, Potential $2B Valuation

Venture-backed tech firm nCino filed an updated S-1 form and is planning to sell shares worth up to $183 million—and up to $210.5 million including shares offered to underwriters—in an initial public offering. So reports TechCrunch.


Crypto Exchange Web Traffic Hits 5-month Low

Cryptocurrency exchanges saw a 14% dip in June web traffic. So reports The Block Crypto.


Qupital Partners with eBay to Bring Services Across Borders

Trade financing platform Qupital came to an agreement with eBay to become an officially recommended Hong Kong provider of financial services. So reports Tech Crunch.


Mastercard Scoops Up Data Aggregator in Fintech Purchase

Mastercard is purchasing fintech data aggregator Finicity in a deal that will hit close to $1 billion. So reports Barron's.


Crowdfunding Helps Fill VC Gaps for African Fintechs

Despite graduating the Google Launchpad Accelerator and Techstars, Eversend was struggling to get traditional venture capital funding, so it turned to crowdfunding to fill the void. So reports Forbes.


BTC Could Be in Line for Bull Run as Reserves Dip to 12-Month Low

Bitcoin reserves on crypto exchanges hit a 12-month low, per data from glassnode. So reports Cointelegraph.


Lemonade Files to Join NYSE, Raise $100M Through Stock Offering

Fintech insurance startup Lemonade has filed for an initial public offering with the New York Stock Exchange in an effort to raise approximately $100 million. So reports Fast Company.


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