FTX raised up to $1 billion; & more!

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NEWS HIGHLIGHT

FTX raised up to $1 billion, which would keep the company’s valuation at roughly $32 billion, in line with it’s prior round. The privately held company has been on a buying frenzy during the “crypto winter.” Negotiations are ongoing and the terms could change, said the sources, who asked not to be named because the talks are confidential. Link here

FINTECH NEWS

#BNPL

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  • BNPL regulation could ruin fintechs. CFPB said BNPL in the US is frequently used in-place of credit cards and that it is looking to regulate the sector under credit card laws. Link here

#FinTechInnovation

  • Bitso rolls out QR code payments in Argentina. This new service allows customers in Argentina to make everyday payments from the Bitso app at any store that accepts QR code payments. Link here
  • Cake DeFi launched a new product. EARN - allowing users to generate returns via a single-sided liquidity mining service while protecting users against market volatility. Link here

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