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Welcome to another episode of our Daily Fintech Podcast.
THE NEWS HIGHLIGHT OF THE DAY IS
Binance founder and CEO Changpeng Zhao said the U.S. Securities and Exchange Commission (SEC) has been “asking questions” about the BNB exchange token but the exchange hasn’t yet been subpoenaed. Earlier this month, Bloomberg LP reported the SEC is investigating if the BNB token constitutes an unregistered security. Zhao told the audience at CoinDesk's Consensus 2022 that the SEC regularly asks questions about Binance and its products, and the exchange is in regular contact with authorities.
JUST IN:
Cryptocurrencies are a “threat to the safety of our payment schemes,” Anne Boden, CEO of U.K. digital Starling Bank, warned. Speaking at the Money 20/20 fintech conference in Amsterdam on Tuesday, Boden said crypto “is very dangerous” as it poses a very huge risk to the existing payment infrastructure.
ALSO:
Jay-Z and former Twitter CEO Jack Dorsey are teaming up to launch a financial literacy program, titled The Bitcoin Academy, for residents of the Marcy Houses project in Brooklyn, New York, where the rapper grew up.
WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?
Swoop, the one-stop money shop for businesses has raised £5.4m in a Series A funding round to accelerate international expansion and help more companies to access an array of financing options.
CRED is raising $140 million in a new financing round.
Request Finance, a Web3 enterprise crypto payments startup, announced that it has closed a US$5.5 million seed funding round.