Cryptocurrency Analysis and News Portal
Major cryptocurrency exchange Kraken is experiencing difficulties with the withdrawal and deposit channel related to the automated clearing house (ACH) via Silvergate.Kraken has reportedly notified its users that it will be unable to support ACH deposits and withdrawals starting from March 27. According to multiple online reports by alleged Kraken
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Plaid is a fintech company that facilitates communication between financial services apps and users’ banks and credit card providers. In FTX.US’ case, its products enable users to allow FTX.US customers to connect their bank accounts to the FTX app. This would then allow FTX.US to request payments that will be
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“Up until now, a lot of people have had separate crypto and traditional finance lives,” Alain Meier, Plaid’s head of identity, said in an interview. “We want to help consumers create a holistic view of their finances, so this move is especially important given that something like 60% of
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United States data transfer network Plaid has added four major cryptocurrency exchanges to its platform, giving users the ability to connect their digital asset portfolios to other applications more easily. Crypto platforms Binance.US, Gemini, Robinhood and SoFi are now supported by the Plaid network, the company announced Thursday. Support for additional
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Plaid connects to banks around the world so that other fintechs don’t have to, and the company is connected to several companies in the crypto ecosystem, ranging from the U.S.’s largest crypto exchange, Coinbase, to decentralized finance (DeFi) startups like Dharma, the Uniswap-friendly DeFi wallet. Original Source
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The completion of the Series D funding round comes a few months after the merger between Visa and Plaid was canceled.Plaid Inc, a financial service company that connects banks and fintech firms, has announced the completion of its Series D funding round with $425 million, hereby raising its valuation to
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The Department of Justice announced Tuesday that the deal was off. Source
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The United States Department of Justice (DOJ) filed a lawsuit Thursday to stop Visa’s planned $5.3 billion acquisition of fintech firm Plaid, saying it violates antitrust laws and would eliminate competition in the online debit market. Filed in a Northern California federal court, the lawsuit described Visa as a “monopolist” in
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A new class action lawsuit complaint against fintech startup Plaid has been filed with more plaintiffs alleging the company violated the data privacy of users. The new complaint filed on behalf of four new plaintiffs alleged that Plaid—which was bought by Visa for $5.3 billion this year—collected information on over 200
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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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