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Egyptian Fintech Firm Secures $3 Million to Grow Its Credit Services


Egyptian fintech startup Lucky has raised $3 million in a convertible note round to expand its credit services and contribute to Egypt’s financial inclusion goals. The funding will support Lucky’s growth plans and help it achieve sustainable profitability. Lucky aims to provide...

Kraken Crypto Exchange Fined by Australian Court


The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized...

Global Bond Market Alarm: 26 Countries Now Facing Inverted Yield Curves


While the U.S. recently marked the longest period of inverted bond yields in history, surpassing two years, data indicates that a total of 26 countries now have an inverted yield curve. Investors and economists closely monitor yield curve inversions, as they have historically signaled an increased...

Clearpool positions credit vaults on Base, Ethereum L2 Blockchain


Clearpool has positioned its credit vaults on Base, an Ethereum L2 Blockchain nurtured by Coinbase and created on the open-source OP Stack.  Portfolio Technologies, a crypto conventional HFT space-creating body, utilizes its advanced technology to lessen the interruption in buying and selling...

U.S. Credit Unions Adopt Tokenization of Real World Assets


Credit Unions in the U.S. are starting to use blockchain and tokenization to automate business processes, but regulatory challenges remain. The post U.S. Credit Unions Adopt Tokenization of Real World Assets appeared first on Cryptonews

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