According to the findings of a study on Kenya’s startup space, fintech ventures alone accounted for just over 30% or 93 out of the 308 tracked startups. This figure is almost three times more than that of the nearest challengers, namely agri-tech and e-health, which both accounted for 10.1% of Kenya’s tech startups that were tracked between January and November 2022.

Mercurity Fintech Holding Inc., a digital fintech group powered by blockchain technology, today announced that, on December 29, 2022, the Company’s Board of Directors has approved to proceed with: 1) the share consolidation and simultaneous change of the ADR ratio; 2) the transfer of the register of members of the Company; and 3) the termination of the deposit agreement. (globenewswire)

Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that, on December 29, 2022, the Company’s Board of Directors (the “Board”) has approved to proceed with: 1) the share consolidation and simultaneous change of the ADR ratio; 2) the transfer of the register of members of the Company; and 3) the termination of the deposit agreement.

Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”) (Nasdaq: MFH), a digital fintech group powered by blockchain technology, today announced that, on December 29, 2022, the Company’s Board of Directors (the “Board”) has approved to proceed with: 1) the share consolidation and simultaneous change of the ADR ratio; 2) the transfer of the register of members of the Company; and 3) the termination of the deposit agreement.

U.S. neobank Cogni today debuted its noncustodial wallet as it seeks to follow a flurry of fintech firms into web3. 

Copenhagen-based fintech company ARYZE has unveiled the first of its suite of digital currency assets, ARYZE Digital Cash, on European digital assets exchange Switchere.

American fintech company ZELF has introduced an anonymous Visa debit card to be accepted at any of Visa’s 80 million locations worldwide. 

Rep. Patrick McHenry, R-N.C., has been named the next chair of the House Financial Services Committee.

Plaid, a firm that connects banks and fintech firms, laid off about 260 employees as it grapples with the slowing economy. 

<b>Mercurity Fintech Holding Inc. (the "Company" or "MFH") (Nasdaq: MFH)</b>, a digital fintech group powered by blockchain technology, today announced that on November 30, 2022, in connection with its private offering (the “PIPE”), it entered into a Securities Purchase Agreement (the “SPA”) with two investors to offer and sell the Company’s units, each consisting of one ordinary share and three warrants (each, a “Warrant” and collectively, the “Warrants”) for total gross proceeds of $5 million (the “Proceeds”). Net proceeds from the PIPE financing are expected to be used to advance the Company’s business development activities for working capital and other general corporate purposes.&nbsp;&nbsp;