What do these 28 FinTech rounds from last week reveal about the industry
Last week week saw 28 FinTechs close investment deals. Three sectors in particular proved especially successful.
Hackers demand $1m from insurer Shirbit to keep compromised client data private
Hacking group Black Shadow has demanded to be paid almost $1m to keep the customer data it stole from Israeli insurance company Shirbit private.
Australia’s biggest cryptocurrency exchange accidentally compromised over 270,000 customers’ accounts
Cryptocurrency exchange BTC Markets accidentally exposed more than 270,000 of its customers' email addresses and names by email.
Libra changes name to Diem as it is gearing up for launch
The Libra Association has changed its name to the Diem Association to reinforce "its organisational independence" as the cryptocurrency could launch as early as January.
Libra could launch as early as January
The Facebook-led Libra Association is reportedly gearing up to launch its cryptocurrency at the start of 2021.
Coinbase responds to racism and discrimination allegations
Coinbase has been accused of having created a culture fraught with bullying, racism and discrimination against black people in a new exposé from the New York Times.
Chainalysis secures unicorn status on the back of $100m Series C round
Blockchain analysis company Chainalysis has closed a $100m Series C financing round led by Addition, bringing its valuation to over the $1bn threshold.
Do these 34 FinTech funding rounds suggest Covid-19 influences investment trends?
Fraud-fighting RegTechs and digital payment providers were among the 34 rounds raised by the FinTech industry last week, areas that are becoming more important during the pandemic.
Cred customers worry about their money as crypto firm files for bankruptcy protection
Crypto firm Cred has filed for Chapter 11 bankruptcy protection and now customer worry about their money.
Norway is in no rush to introduce digital currency as use of cash plummets
While only 4% of transactions in Norway are conducted with cash, the nation's central bank is in no hurry to introduce a digital currency.
