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The great story
The criminal trial against the founder of the 32 -year -old Fintech startup, Charlie Javice began on February 21, the lawyers expressed their opening arguments. On the one hand, JPMorgan Chase alleys that Javice has helped “simulate millions of customers to encourage the bank to buy its business”, Startup for the financial planning of students FrancFor $ 175 million. For his part, Javice claims that the financial services giant had “buyer remorse” due to a government change in the way in which financial aid forms are completed. His lawyers claim that fraud was a way to withdraw from the agreement. We will of course be glued to this trial and if the jurors will find in favor of Javice or JPMorgan, or something between the two.
Dollars and cents
Fintech Varo Hoped to raise a G series of $ 55 million, but has so far ended on $ 29 million to date, according to a recent dry file. The fence comes shortly after the founder of the digital bank Colin Walsh announced that he had left his role as CEO, with Gavin Michael replacing him.
Crypto exchange Go through announced on February 21 that “a sophisticated attack” led to the flight of Ethereum (ETH) of one of the company’s offline wallets. The CEO and co-founder of Bybit, Ben Zhou, said in a live flow that the pirates stole approximately 401,346 ETH, which at the time of the flight amounted to around 1.4 billion dollars.
Jamming On February 21, said that the SEC had agreed to delete the trial against the company with prejudice, which means that it can no longer be deposited. The decision, which is always subject to the approval of the SEC commissioners, is another signal that the Trump administration plans to be more friendly with the crypto than the former chief Gary Gensler. Days later, Robin said that the SEC had closed its investigation into Robinhood’s cryptographic unit and will not continue the action.
To judge by our reception boxes, there is no shortage of venture capital which always bet large in the fintech space. Here is a list of a few VCs that remain optimistic about the Fintech. Note: this is a continuous list that will be updated over time.
Based on Dubai Mansawhose offer allows payment companies, mainly in Africa to date, to set up transactions and instantly finance customer accounts, has raised $ 10 million in start -up financing, including actions and debt. The supplier of Stablecoin Tether conducted $ 3 million stock investment.
High interest titles
Synapse Executive alerted accountants before $ 100 million missing funds
Brex Eyes $ 500 million in income because it adds tastes of anthropic and Robinhood as customers
Block shares plunge 18%, for the worst day on the market in 5 years after the profits
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