Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tether, the world’s largest stablecoin, regained i...
Tag: Fintech
The Aftermath of Terra (LUNA) Crash: Why UST May Regain Its Peg Value? – Coinpedia – Fintech & Cryptocurreny News Media
Terra (Luna) fell at 99.6% after reaching its all-time high of about $120 last month. The terra price has now dropped to 0.005. Crypto exchanges have started taking steps in response to the fall of L...
Brazilian fintech unicorn Nubank to start offering crypto services
Brazilian fintech company Nubank inked a deal with crypto firm Paxos to start trading crypto. The bank is initially offering bitcoin and ether transactions and will start rolling out the new product i...
Why Regulators Should Pay Attention To $UST – Coinpedia – Fintech & Cryptocurreny News Media
A dollar pegged stablecoin, TerraUSD has lost its peg twice over the past few days and has not recovered yet. The algorithmic stablecoin broke its peg this Monday again, hence it is necessary for regu...
Tether’s Ardoino Backs USDT While Stablecoins Depegging Continues! What Next ? – Coinpedia – Fintech & Cryptocurreny News Media
The year 2022 isnt been very favorable for the cryptocurrency market, especially the month of April and May. Now in just a few days, the cryptocurrency market has suffered more losses following Terra ...
BTC Price Forecast: Is $26K The Local Bottom? Or More Downtrend On Horizon? – Coinpedia – Fintech & Cryptocurreny News Media
The present crypto crash has taken a troll among investors and traders as the bear cycle has not pitied any cryptocurrencies including stablecoins. Bitcoin was supposed to reclaim $30,000, instead, th...
Terra’s Rescue Plan: $1.4B UST Set To Burn, While 240 million LUNA Being Staked – Coinpedia – Fintech & Cryptocurreny News Media
Do Kwon’s first rescue plan included enlarging the base pool, burning UST, and staking LUNA, according to the Terra’s Twitter account. Terra feels that the downward pressure on UST’s peg is diluting L...
Bitcoin as Virtual Asset in China: Protected by Chinese Law – Coinpedia – Fintech & Cryptocurreny News Media
China has recently banned financial institutions and payment companies from providing services to cryptocurrency transactions. Saying that financial institutions, including banks, and online payments ...
Green Bay Fintech Firm Sequoir Developing Crypto Technology to Fill ‘Capability Gap’ for Banks
Sequoir, a Green Bay-based fintech company, announced on Wednesday that it is developing an offering that will enable community banks to hold cryptocurrencies and execute such trading. Justin Seidl, t...
Tether (USDT) stablecoin drops below $1 peg
Crypto firm Tether has been reducing the amount of commercial paper in its reserves. Jakub Porzycki | Nurphoto | Getty Images Tether, the world’s largest stablecoin, broke below its $1 peg Thurs...
Goldman ‘deal guy’ behind Apple, GM cards leaves for fintech start-up iCreditWorks
iCreditWorks CEO Scott Young, former chief commercial officer of Goldman Sachs Marcus. Courtesy: Goldman Sachs A Goldman Sachs executive known for securing some of the industry’s biggest credit-...
British Asset Manager Fasanara Raises $350 Million Crypto and Fintech Fund (Report)
Fasanara Capital Ltd – a London-based asset manager – reportedly closed a $350 million fundraiser and wants to use the financing to invest in cryptocurrency companies and financial technology. The Cry...
Bitcoin (BTC) price falls below $27,000 as crypto sell-off intensifies
Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies. Jaap Arriens | NurPhoto | Getty Images Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, a...
Here’s Where ETH, DOT, AVAX Price are Heading In The Coming Days – Coinpedia – Fintech & Cryptocurreny News Media
Today the global cryptocurrency market is on the verge to close on a bearish note as the wider market capitalization is trading at $1.39 trillion with a downfall of 4.83% in the last 24hrs. Amidst th...
FCA-regulated Fasanara Capital raises $350M crypto and fintech VC fund
London-based asset manager Fasanara Capital has launched a $350 million investment fund to back fintech and cryptocurrency startups that can deliver new use cases for the emerging Web3 economy. The c...
Testing Time For Crypto Market, As US Inflation Data Is Expected To Be Out Today! – Coinpedia – Fintech & Cryptocurreny News Media
The cryptocurrency market has been carpeted by bearish roar for more than a month now. It started with the Federal Reserve’s first meeting that said there will be an increase of interest rates upto 75...
LUNA & UST Price Move Closer to “Zero”! What’s Next? – Coinpedia – Fintech & Cryptocurreny News Media
Do Kwon has advised LUNA investors to “stay strong” as the price approaches zero. Prices have plummeted since the UST stablecoin lost parity with the US dollar, hitting a new low this morning. LUNA, U...
Brazil’s Fintech Giant Nubank Now Offers Crypto Trading
Sao Paolo-based digital banking giant, Nubank has veered into the cryptocurrency trading ecosystem with initial support for Bitcoin (BTC) and Ethereum (ETH)- the two largest cryptocurrencies by market...
Central Bank of Israel Considering CBDC – Coinpedia – Fintech & Cryptocurreny News Media
Recent research by the Bank of International Settlement revealed that nine out of ten central banks are working on the CBDC project, as digital currency projects are on the top priority list in the co...
Grayscale tells SEC that turning biggest bitcoin fund into ETF will unlock $8 billion for investors
Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022. Source: NYSE Grayscale, the asset manager running the world’s largest bitcoin fund, met privately with the Securities...
New Fintech Offers Rare Pink Diamond To Retail Investors For $200 Per Share
Most of the world’s supply of pink diamonds comes from Australia’s Argyle Mine that closed in 2020. Getty Diamonds are forever–unless you buy a fraction of one and sell it for a profit. Fi...
Terra UST stablecoin dives below $1 peg; luna cryptocurrency down 80%
Bitcoin, the world’s largest cryptocurrency, has fallen over 50% since setting an all-time high of nearly $69,000 in November. Dan Kitwood | Getty Images The two main tokens from embattled crypt...
Stablecoin Regulation On Horizon After UST’s Recent Loss – Coinpedia – Fintech & Cryptocurreny News Media
In the payments market, stablecoins are increasingly considered as a possible alternative to fiat currencies. Regulators and central bankers, on the other hand, view them as a financial threat because...
Shiba Inu To See More Downtrend ! SHIB Price To Hit Potential Low Of This Level – Coinpedia – Fintech & Cryptocurreny News Media
The number of Shiba Inu whale transactions have been increasing in the past 24hrs, despite the fact that the cryptocurrency market is being dragged into an extreme bearish trend this week. According t...
Bitcoin Whales Are Longing! When Can you Expect BTC Price Trend Reversal – Coinpedia – Fintech & Cryptocurreny News Media
While the global crypto market has tumbled down, a closely followed crypto analyst who is pseudonymously known as Light, is of the opinion that the wealthy investors are on the verge to double their l...
Nigeria To Upgrade CBDC For Wider Use As Crypto Restrictions Cripple Fintech Sector
Africa’s largest economy and most populous country “Nigeria,” launched the continent’s first digital currency, the e-Naira, back in October 2021. The Central Bank of Nigeria (CBN) carries over plans t...
Ethereum Whales Grabbing These Altcoins Amidst Massive Crypto Crash – Coinpedia – Fintech & Cryptocurreny News Media
While the Crypto market has plummeted to an all time low in 2022, most of the crypto investors seem to be grabbing the buy the dip opportunity by purchasing stablecoins and few other tokens. Though th...
SoFi stock falls, trading halted after fintech firm accidentally releases Q1 report
Shares of SoFi fell sharply on Tuesday and were halted for nearly three hours after the company accidentally released its first-quarter results early. The company said the report, which was scheduled ...
Nigeria upgrades CBDC as crypto restrictions cripple fintech industry
The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining har...
Alex Zeltcer Of NSure.ai Talks To Us About Declined Digital Goods, Crypto, Fintech Purchases
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Nigerian Crypto Restrictions and Twitter Ban Have ‘Crippled Foreign Direct Investment in the Fintech Industry’ – Emerging Markets Bitcoin News
A new report has concluded that restrictions on cryptocurrency trading, as well as the banning of Twitter by Nigerian authorities, may have “crippled foreign direct investment in the fintech industry....
Affirm Faces Competition. J.P. Morgan Starts Coverage With Neutral Rating.
Text size Affirm is set to report its quarterly earnings after the closing bell Thursday Courtesy Affirm “Buy now pay later” company Affirm is poised to continue its growth, fueled by an increase in c...