Wednesday, January 22, 2020
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Payments Giant Visa Acquires Fintech Firm Plaid for $5.3 Billion

Payments behemoth Visa acquired financial technology firm Plaid for $5.3 billion, according to a press release published on Jan. 13.Per the release, Plaid has developed a network that allows users to easily connect their financial accounts to the apps they use to manage their financial lives.The firm’s products reportedly

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Analytics Firm Training Students to Detect Cryptocurrency Scams

Cryptocurrency analytics firm CipherTrace has launched “Defenders League,'' a program designed to provide students with the training and tools necessary to investigate crypto-related scams. On Jan. 13 CipherTrace announced partnerships with the Middlebury Institute of International Studies at Monterey, Middlesex University London, and the Blockchain Acceleration Foundation (BAF). The Defenders

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Asian Conglomerates Lead $31M Round for Blockchain Remittance Firm Lightnet

Lightnet, the company behind the Velo Protocol, recently raised $31.2 million in a Series A round.The funding was led by major financial and business groups including UOB Venture Management, Seven Bank, Uni-President Asset Holdings, HashKey Capital, Hopeshine Ventures, Signum Capital, Du Capital and Hanwha Investment and Securities, according to a

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Crypto Lending Firm BlockFi Adds Support for Litecoin and USD Coin

Major cryptocurrency lending company BlockFi has added support for two new assets to its list of supported digital currencies.According to a press release shared with Cointelegraph on Jan. 8, the firm has added major altcoin Litecoin (LTC) and USD Coin (USDC) — the dollar-backed stablecoin from major United States-based

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Japanese Financial Services Firm Invests in Crypto Exchange Huobi Japan

Japanese financial services firm Tokai Tokyo Financial Holdings will invest about 500 million yen (nearly $4.6 million) in the Japanese branch of cryptocurrency exchange Huobi.According to a press release on Dec. 26, the investment is part of a broader collaboration with Huobi Japan, wherein Tokai will acquire shares in

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Crypto-Focused Accounting Firm Lukka Releases Tax Preparation Product

Just in time for the 2019 tax season, cryptocurrency accounting firm Lukka announced a “do-it-yourself” crypto tax preparation product tailored for retail investors. Known as LukkaTax, the product evolved from LibraTax, a commercial crypto tax calculator Lukka released in 2014 when the company was first formed.While Lukka has primarily

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