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Bitcoin Daily: Lender Vauld Nets $2 Million To Expand To Full Crypto Bank; SEC Freezes Assets Of Virgil Capital In Alleged Fraud In Crypto Trading Fund; Japan's SBI Holdings Claims Ripple's XRP Is Crypto, Not A Security

PYMNTS

The funding round was led by Pantera Capital and included Coinbase Ventures and LuneX Ventures. We see institutional capital come into the crypto space with the expectation of banking integrations to complement crypto credit offerings,” CEO Darshan Bathija said in a statement, according to CoinDesk. “We In other news, the U.S.

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Cap One Employees Warned Of Security Issues Pre-Hack

PYMNTS

Capital One employees raised red flags over security risks before the company suffered a massive data breach. The sources pointed out that about one-third of its employees left in 2018. The alleged hacker, Paige Thompson, was a former employee of Amazon Web Services, which hosted the Capital One database that was breached. “We

Security 168
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Zopa Secures UK Banking License

PYMNTS

Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based Since COVID-19, non-bank lenders have been hurting as capital markets became less available and retail investors tried to withdraw their cash from the P2P sector, the Times reported. Capital One was one of the earlier disrupters,” Janardana said.

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Bank Innovation Completely Overhauls 2018 Conference Agenda

Bank Innovation

In addition to fireside chats, startup demos, and general sessions, Bank Innovation’s 2018 conference has added a pre-conference workshop on how to build an innovation team, added even more time […].

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DayTek Capital Granted Banking License In Australia

PYMNTS

DayTek Capital , an Australian challenger bank known for its prepaid “Infinity” card, has been granted a banking license by the country’s Securities and Investments Commission, a report from AltFi says. In 2018, Volt was the first neobank to get a RADI, the report notes.

Capital 154
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Indian Tech Startups Broke Funding Records In 2018

PYMNTS

Indian tech startups had a huge year in 2018, but the way the money is being distributed has some experts concerned about the future of the country’s financial ecosystem, according to reports. Early startups were a part of 304 deals in 2018 and raised $916 million. billion in funding – the most ever. In 2017, Indian startups got $10.4

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Monzo’s Cash Burn Sets Stage For Big Capital Raise In 2020

PYMNTS

As online banking continues rapidly evolving , ahead of another anticipated round of funding next year, digital challenger bank Monzo remains in discussions to secure as much as £100m in upcoming weeks. Monzo lost approximately £55m as of February 2019, a significant increase from £33m at the same point in 2018. In the U.K.,

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