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FTX Sues Binance for $1.76B Over “Fraudulent” Deal

FTX Sues Binance for $1.76B Over “Fraudulent” Deal

Hey FinTech Fanatic! The FTX estate is now on a relentless mission to recover what it claims as losses from none other than Binance and its former CEO, Changpeng Zhao. According to FTX’s latest court filing in Delaware, it seeks a staggering $1.76 billion, alleging a “fraudulent” deal

Block Earnings Reveal Dorsey’s Bitcoin and Banking Vision

Block Earnings Reveal Dorsey’s Bitcoin and Banking Vision

Hey FinTech Fanatic! Block, formerly Square, is shifting focus toward Bitcoin accessibility and small-business lending. On their Q3 earnings call, Jack Dorsey shared that Block is winding down TBD’s DeFi and scaling back on Tidal, redirecting resources to Bitkey (their self-custody Bitcoin wallet) and Bitcoin mining. “We’re focused

Equifax UK Launches Digital Tool for Faster Social Tariffs

Equifax UK Launches Digital Tool for Faster Social Tariffs

Hey FinTech Fanatic! Equifax UK launched a transformative tool to support financially vulnerable consumers. Tariff Connect is designed to streamline eligibility assessments for social tariffs, giving utility and telecoms providers a smarter, faster way to help customers access essential discounts and special pricing plans. By harnessing the power of Open

JPMorgan Rolls Out Instant Dollar-Euro Settlement on Kinexys

JPMorgan Rolls Out Instant Dollar-Euro Settlement on Kinexys

Hey FinTech Fanatic! JP Morgan is set to enable instant settlement for dollar-to-euro foreign-exchange conversions on its Kinexys blockchain platform, with plans to introduce the British pound soon after. As JPMorgan exec Naveen Mallela, co-head of Kinexys (formerly Onyx), put it, “If you look at JPM Coin, we generate revenues

Marqeta Shares Fall 40% Due to Regulatory Delays and Q4 Forecast

Marqeta Shares Fall 40% Due to Regulatory Delays and Q4 Forecast

Hey FinTech Fanatic! In a record plunge, shares of Marqeta Inc. fell more than 40% after disappointing fourth-quarter guidance left investors scrambling. "Heightened regulatory scrutiny has delayed the timelines for getting clients card programs up-and-running," Chief Financial Officer Mike Milotich said on a conference call Monday after Marqeta

UBS Launches First Tokenized Fund on Ethereum

UBS Launches First Tokenized Fund on Ethereum

Hey FinTech Fanatic! UBS Asset Management, the global giant steering over $5.7 trillion in assets, has launched its first tokenized investment fund on the Ethereum blockchain. uMINT—the UBS USD Money Market Investment Fund Token. This launch marks an expansion of UBS's Tokenize platform, which is carving

Barclays Finalizes £600M Acquisition of Tesco Bank

Barclays Finalizes £600M Acquisition of Tesco Bank

Hey FinTech Fanatic! Barclays has wrapped up its £600M acquisition of Tesco Bank, securing high court approval on October 17th. Under a ten-year partnership, Barclays will now operate Tesco’s banking services, while Tesco retains its insurance, ATM, and travel money operations. This deal brings 2,800 Tesco Bank employees,