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UNICEF Launches Cryptocurrency Fund
UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world.   Under the... Read more
Bluecode receives Horizon 2020 funding of €1.9 million from the EU
The European Commission has awarded the pan-European mobile payment solution Bluecode almost two million euros in subsidies as part of the ‘SME Instrument’ funding programme. With this grant, the innovative fintech company is driving European expansion forward together with leading banks and retailers.   With the Horizon 2020 funding... Read more
Indian startup Paytm to close $2 billion in new funding
Indian digital payment company Paytm is said to be nearing a deal to secure $2 billion in new funding from investors including Alibaba affiliate Ant Financial and Japanese conglomerate SoftBank Group, according to Bloomberg. Why it matters: India has become fintech’s fastest-growing market, overtaking China’s. The country’s digital payments... Read more
Boerse Stuttgart Launches Germany’s First Regulated Trading Venue for Digital Assets
It is Germany’s first regulated trading venue for digital assets where investors’ orders are executed directly against each other according to fixed rules. BSDEX combines all the potential of blockchain technology with the reliability of an established financial market player.   BSDEX meets the regulatory requirements in accordance with... Read more
TWINT and RaiseNow are Digitalising the Swiss Fundraising Market
TWINT and RaiseNow showcased in Zurich their new digital fundraising solution.   Together with Caritas Switzerland, the two companies presented one fundraising campaign that has already been a success. Caritas Switzerland donors were mailed a donation request letter that, for the first time, included the TWINT QR code.  ... Read more
Cybersecurity company Acronis hits unicorn status after raising $147 million led by Goldman Sachs
Cybersecurity solutions provider Acronis announced today that it has raised $147 million in funding led by Goldman Sachs, bringing it to unicorn status. The company did not disclose its valuation, but founder and CEO Serguei Beloussov told TechCrunch that it is between $1 billion and $2 billion.   Founded... Read more
Alibaba acquires NetEase Kaola in deal worth $2 billion
Alibaba Group has acquired NetEase  Kaola for $2 billion, the two companies said today, and will integrate it into Tmall, creating the largest cross-border e-commerce platform in China. The announcement follows weeks of media reports about a potential deal, which was said to have stalled in the middle of... Read more
Peloton To Peddle Shares At $26 to $29 In Bid To Raise Up To $1.2B In Its IPO Cycle
Peloton is looking to raise up to $1.16 billion in its debut on the public markets, pricing its equity between $26 and $29 per share according to an amended filing with the Securities and Exchange Commission.   The company plans to sell 40 million shares of its Class A... Read more
Cryptix Acquires Digital Assets Exchange in Liechtenstein
The Cryptix AG, a Swiss full-service provider in the blockchain and DLT sector, has completed the acquisition of Blocktrade, a Liechtenstein digital assets exchange.   As part of this acquisition, the team of the Vaduz-based company remains with Blocktrade and will be expanded in the coming months. In the... Read more
Mobile payment systems in Europe establish association to foster collaboration and international payments
Seven mobile payment systems to found the European Mobile Payment Systems Association (EMPSA), uniting 25 million mobile payment users. Europe’s mobile payment systems “Bancontact Payconiq Company” (Belgium), “Bluecode” (Germany, Austria), “MobilePay” (Finland, Denmark), “SIBS/MB WAY” (Portugal), “Swish” (Sweden), “TWINT” (Switzerland) and “VIPPS” (Norway) established the European Mobile Payment Systems... Read more