Fintech
- Finance
Five things in crypto this week: bitcoin ETF, inflation and FTX’s $25bn price tag
In the week that saw bitcoin reach a new all-time high, investors and financial professionals alike were kept busy in…
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Here’s how regulators could tackle a Revolut crypto coin
Banks are contemplating how they can get a slice of the boom in demand for cryptoassets and blockchain technology, and…
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Treasury pushes for risk disclosure, tighter credit checks in buy now, pay later market
The Treasury has laid a path for tighter regulation of the buy now pay later sector, as it recommends that lenders should…
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Judge orders Lanistar to cough up unpaid salaries to former staff
An employment tribunal has awarded thousands of pounds in payments to former staff at Lanistar who were not paid salaries…
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Bitcoin miners are trying to go green but the challenge is ditching fossil fuels
Bitcoin mining has earned a bad reputation for guzzling cheap electricity in the pursuit of profit. Now bitcoin miners are…
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Cryptocurrency exchange FTX hits $25bn valuation in funding round
Cryptocurrency exchange FTX reached a valuation of $25bn in a new funding round that includes heavyweights from traditional finance, such…
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Mobius warns ‘crypto could really blow up’: central banks should pay attention
Mark Mobius, the veteran emerging markets investor, warned of a potential cryptocurrency collapse that would be felt across global stock markets. “Cryptocurrency…
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SEC slammed over approach to crypto
WASHINGTON — A Republican member of the Securities and Exchange Commission criticised the agency’s approach to regulating the cryptocurrency industry,…
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Zopa gains unicorn status as SoftBank leads $300m funding round
British digital bank Zopa is now a billion-dollar company, gaining the coveted unicorn title after raising $300m from major Japanese technology…
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Bitcoin hit a record high and could go further still, analyst says
Bitcoin has risen above $66,000, recording a record high on 20 October, after ProShares Bitcoin Strategy ETF, the first bitcoin-linked…
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Treasury lines up tougher checks as buy now pay later crackdown imminent
The Treasury’s long-awaited consultation into the buy now, pay later market is set to arrive as soon as next week,…
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Advertising watchdog orders buy-now-pay-later firm to remove ads ahead of Treasury crackdown
The UK advertising watchdog has told a buy-now-pay-later credit firm to pull down adverts that don’t explain to consumers that its…
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Ex-Goldman trader who jumped to crypto says Wall Street is catching on
Making the jump from Wall Street to bitcoin is easier said than done in 2021, but Kraken’s Juthica Chou took…
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ProShares bitcoin ETF debuts high at NYSE opening
The bitcoin-linked exchanged traded fund, ProShares Bitcoin Strategy ETF, was trading higher on the morning of 19 October but off…
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Martha Stewart is now into NFTs with Halloween tokens first on the list
Martha Stewart wants to be your crypto queen. The 80-year-old lifestyle guru plans to unveil a collection of NFTs on…
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Square Is Considering Bitcoin Mining, Jack Dorsey Says. He Has His Reasons.
Jack Dorsey is a major proponent of Bitcoin and other cryptocurrencies. Marco Bello/AFP via Getty Images Fintech group Square is…
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Digital lender N26 valued at $9bn after $900m funding round
N26 said on 18 October that it raked in more than $900m in a funding round that values the Berlin-based…
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Bitcoin price soars as hype grows over futures ETF
Bitcoin prices surged over the weekend and pushed higher Monday amid expectations that an exchange-traded fund tracking futures contracts for…
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Fintech frenzy to stall as talent war and Europe’s IPO slowdown hurts startups
Record levels of private and venture capital funding for European fintech companies could diminish next year as mature startups focus…
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Excitement over an ETF to track bitcoin drives the crypto to $60k
Bitcoin hit $60,000 on 15 October for the first time since April, as traders anticipate US regulators will approve the first…
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Kraken’s Juthica Chou: Why crypto in mainstream will help shift to options and ETFs
Investing in cryptocurrencies isn’t for the faint-hearted, and tackling the market with complex instruments such as derivatives is an even…
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Five things in crypto this week: Coinbase, JPMorgan’s Jamie Dimon, NFTs and a bitcoin ETF?
As investors wait with bated breath to see whether US regulators will approve an exchange-traded fund linked to bitcoin futures…
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Coinbase calls for a crypto regulator in full policy blueprint
WASHINGTON — The largest US cryptocurrency exchange wants Congress to block the Securities and Exchange Commission from overseeing the nascent…
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Cathie Wood’s Ark to invest in bitcoin futures
Cathie Wood’s Ark Investment Management is the latest Wall Street heavyweight jostling for position to get involved in an exchange-traded…
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Crypto is ‘here to stay’, Standard Chartered CEO says after Dimon disses bitcoin
Standard Chartered plans to go full speed ahead on cryptocurrencies in spite of an impending global regulatory crackdown on the…
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Crypto fans are turning to futures ahead of the SEC’s ruling over bitcoin ETFs
Investors are betting the first U.S.-listed bitcoin exchange-traded fund is about to get the go-ahead. Securities regulators could rule as…
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Standard Chartered links up with Singapore startup in Asia fintech push
Standard Chartered has tied up with Singapore start-up Atome Financial to expand in Asia’s booming financial technology market. As part…
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Binance pulls the plug on cryptocurrency trading involving China’s yuan
The world’s largest cryptocurrency exchange said it would stop allowing trading involving the Chinese currency on its consumer-to-consumer platform, weeks…
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Martin Gilbert: Asset managers are still lagging on technology
Martin Gilbert is the co-founder and former chief executive of Aberdeen Asset Management and abrdn. He is now chairman of…
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Crypto scrutiny is just the start, White House official says
The Biden administration is only beginning to ramp up regulatory scrutiny around cryptocurrencies, according to a senior White House official.…
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JPMorgan’s Jamie Dimon on when the shortage crisis will end, and why bitcoin is ‘worthless’
Daily headlines point to a shortage of goods all over the world, amid escalating fuel prices and limited supply. But…
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Ex-Chancellor Hammond takes plunge into crypto space with Copper adviser role
Former Chancellor Lord Philip Hammond has become the latest high-profile politician to join the crypto craze as he takes an adviser…
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Crypto transactions are now illegal in China
China’s central bank said all cryptocurrency-related transactions are illegal, reinforcing the country’s tough stance against digital rivals to government-issued money.…
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Five things that happened in crypto this week: China crackdown, Coinbase and bitcoin on Twitter
Regulation was the name of the game in cryptocurrencies this week, as two world powers took steps to lay down…
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Bitcoin miners criticised over moves to draw energy from nuclear sources
Bitcoin miners, under fire for their sizable environmental footprint, are forging partnerships with owners of struggling nuclear-power plants with electricity…
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Cryptocurrencies bounce back following China’s ban
Cryptocurrency prices were rebounding following declarations from China last week that all crypto-related transactions were illegal and must be banned. Bitcoin, the world’s…
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Crypto trading from China curtailed after government crackdown
HONG KONG — One of the world’s largest cryptocurrency exchanges said it would close all user accounts in mainland China…
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Fintech pays ‘heavy price’ for profit failures, says UK startup boss
Fintech firms eager to gain market share at the expense of turning a profit have found their business models left…
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Here’s what you should hold in crypto among your investments
It’s tempting. At a market value of almost $2tn, including $775bn in Bitcoin, cryptocurrencies are now bigger than the US…
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Ex-Robinhood staffers start up a fintech
Several former employees of stock-trading platform Robinhood Markets are building a new fintech startup for small businesses. San Francisco-based Parafin,…
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JPMorgan taps ex-Barclays chief’s fintech to build UK digital bank
JPMorgan is partnering with former Barclays chief Antony Jenkins to use his fintech startup’s technology inside the UK iteration of…
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Bitcoin suffers effects of US, China crypto crackdown in volatile quarter
Bitcoin came under one of the most intense regulatory crackdowns in its brief history during the third quarter, choking off…
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Open Banking boss quits over bullying and sexism allegations
The head of the UK’s open banking oversight organisation is stepping down after an investigation found a culture of bullying, intimidation…
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Biden eyes bank-style regulation for stablecoin companies
The Biden administration is considering ways to impose bank-like regulation on the cryptocurrency companies that issue stablecoins, according to people…
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Monzo backs down from application for US banking licence
Monzo’s bid to become a fully authorised bank in the US has been brought to an end, as the digital…
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Five things that happened in crypto this week: bitcoin ETFs, BofA research, Musk, shiba inu, and Soros
The week in cryptos bustled with activity, with interesting discussions at the in-person conference in London, Token2049. Most notable was the…
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Fed plans to assess the risks of issuing a US digital currency
WASHINGTON — The Federal Reserve plans as early as this week to launch a review of the potential benefits and…
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Here’s what Robinhood executives allegedly said internally at the height of the GameStop short squeeze
Vlad Tenev, CEO and Co-Founder of Robinhood, in his office on July 15, 2021 in Menlo Park, California. Kimberly White…
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Here’s how shiba inu became the world’s 12th largest crypto
A second cryptocurrency inspired by memes featuring the Japanese dog breed shiba inu has quickly risen up the ranks of…
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Here’s why advisers are pitching bitcoin at investors
Some financial advisers have a new sales pitch for investors: You win when bitcoin goes up, and you can win…
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