Beaxy Crypto Exchange Shutters Amid SEC Actions
Beaxy Crypto Exchange Shutters Amid SEC Actions
March 29, 2023  |  Regulation

Cryptocurrency firm Beaxy has suspended operations amid criminal charges by U.S. regulators. The Securities and Exchange Commission (SEC) accused Beaxy and several of its executives...

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Payday Raises $3 Million for ‘Future of Work’ in Africa
Payday Raises $3 Million for ‘Future of Work’ in Africa
March 29, 2023  |  Investments

African neobank Payday is looking to new markets after raising $3 million. The funding, announced Wednesday (March 29), will help the company secure operational licensing...

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Open Payments Raises $3.2 Million for B2B Open Banking
Open Payments Raises $3.2 Million for B2B Open Banking
March 29, 2023  |  B2B Payments

Swedish open banking platform Open Payments plans to scale after raising $3.2 million. The growth round, as reported Wednesday (March 29) by EU Startups, will...

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FDIC Seeks Buyer for Signature’s Signet Crypto Platform
FDIC Seeks Buyer for Signature’s Signet Crypto Platform
March 29, 2023  |  Cryptocurrency

Federal regulators want to sell Signet, the failed Signature Bank’s real-time cryptocurrency payment network. A Federal Deposit Insurance Corp. (FDIC) spokesperson told PYMNTS Wednesday (March...

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Amazon Eases Its Way Into Restaurants With Online Ordering Partnerships
Amazon Eases Its Way Into Restaurants With Online Ordering Partnerships
March 29, 2023  |  Amazon

After Amazon’s ill-fated early forays into the restaurant industry, the company is reapproaching the space. On Wednesday (March 29), fast-casual giant Panera Bread announced that it is letting its...

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SVB Hearing: Lawmakers Allege Top Banking Regulators Asleep at the Wheel
SVB Hearing: Lawmakers Allege Top Banking Regulators Asleep at the Wheel
March 29, 2023  |  Bank Regulation

House lawmakers showed that their teeth can just bite as tough as their Senate counterparts during the second day of congressional hearings about how Silicon...

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Wall Street Banks Look to Begin Trading in Private Debt
Wall Street Banks Look to Begin Trading in Private Debt
March 29, 2023  |  Markets

Wall Street banks are reportedly interested in trading private credit loans. JPMorgan Chase, Barclays and Goldman Sachs are among the companies that are in discussions...

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Internal Fed Watchdog Investigating SVB Collapse
Internal Fed Watchdog Investigating SVB Collapse
March 29, 2023  |  Digital-First Banking

The Federal Reserve’s inspector general has begun a probe into Silicon Valley Bank’s collapse. A spokesperson for the Office of Inspector General (OIG) told PYMNTS Wednesday (March 29) that...

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Germany Reportedly Forming New Anti-Money Laundering Agency
Germany Reportedly Forming New Anti-Money Laundering Agency
March 29, 2023  |  AML

Germany is reportedly forming a new agency focused on anti-money laundering (AML) and sanctions efforts. The new organization will be called the Federal Authority for...

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