FTX says it could have over 1 million creditors; & more!

Connecting the dots in FinTech

NEWS HIGHLIGHT

FTX says it could have over 1 million creditors in the new bankruptcy filing, hinting at the huge impact of its collapse on crypto traders. Link here

BREAKING NEWS

BlockFi prepares for potential bankruptcy as crypto contagion spreads. The company, financially entangled with the now-bankrupt FTX, is planning to lay off workers and exploring a bankruptcy filing itself, people familiar say. Link here

FTX’s Bankman-Fried quietly invested more than $500 million in Sequoia and other VCs. The unusual moves show how entangled Silicon Valley VC firms are in his collapsing crypto empire. Link here

#FINTECH REPORT

Check out the MENA FinTech Association’s (MFTA) report which focuses on embedded finance in the MENA region as well as how open banking and open finance are fuelling its growth. Link here

The fifth edition of the Optima Consultancy Mobile Banking App Review (Germany) 2022 has been released. The underlying motivation of the research is to track and measure digital transformation in banking. Link here