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Brazilian fintech Dock will use crypto for international remittances
SAO PAULO (Reuters) - Brazilian financial services provider Dock said on Friday it will start using cryptocurrencies to process international remittances as it expands to Latin America and Europe.
CTOS Digital posts improved net profit of RM42.98mil in FY21
KUALA LUMPUR: CTOS Digital Bhd posted a net profit of RM42.98mil in the financial year ended Dec 31, 2021, which was a 9.7% improvement over the result of the previous year.
Singapore lists first SPAC as Asia investors warm up to blank check firms
SINGAPORE (Reuters) -A small blank-check firm backed by state investor Temasek made its Singapore debut on Thursday, marking the first such local listing as Singapore steps up a drive to emerge as a key venue for listings of this type.
‘Silicon Savannah’ Kenya targets loan apps abusing customer data
Digital lending apps mushroom in the East African nation with scant regulation seen permitting data abuse, debt shaming. Government moves to regulate loan apps to curb data violations.
British digital banking app Revolut launches U.S. stock trading
(Reuters) - Britain-based digital banking app Revolut launched commission-free stock trading in the United States on Wednesday, a move that will see it compete with online brokerages such as Robinhood Markets Inc and Charles Schwab Corp.
Gen Z investors shift focus from 'meme-stocks' to the 'metaverse,' report shows
NEW YORK (Reuters) - Enthusiasm around "meme stocks" has eased for young investors a year on from the GameStop Corp trading frenzy, with Gen Z's attention shifting to companies in areas like electric vehicles and the "metaverse," according to a report released on Friday.
U.S. venture capital deals notched all-time high of $330 billion in 2021
(Reuters) - Venture capital dealmaking in the United States reached an all-time high in 2021 at nearly $330 billion, buoyed by excess liquidity and an accommodative monetary policy, according to a report from PitchBook and the National Venture Capital Association.
London keeps crown as Europe’s top tech investment hub
London remains Europe’s biggest hub for technology startups despite the twin challenges of Brexit and Covid, a study showed Thursday.
Jack Dorsey's Block to build an open bitcoin mining system
(Reuters) - Block Inc Chief Executive Officer Jack Dorsey said in a tweet on Thursday that the fintech firm is building an open bitcoin mining system, as the newly re-branded company looks to expand beyond its payment business and into new technologies like blockchain.
Rakuten Trade launches US share trading service
KUALA LUMPUR: Rakuten Trade Sdn Bhd has announced the expansion of its Cash Upfront Trading Account to include access into foreign markets, beginning with the United States (US).
