A Bitcoin logo inside a BitBase cryptocurrency exchange in Barcelona, Spain, on Monday, May 16, 2022. Angel Garcia | Bloomberg | Getty Images Bitcoin has held steady above $21,000 for the last two day...
Tag: Fintech
Rep. French Hill Issues Statement on Digital Assets, FinTech and Inclusion
On January 12th, 2023, United States Representative (R) French Hill, issued the following statement after he was appointed Vice-Chairman of the full Committee and as Chair of the Subcommittee on Digit...
Ant Group’s Alipay+ leads Chinese fintech giant’s overseas expansion as consumer spending in home market remains sluggish
When Singapore Deputy Prime Minister Lawrence Wong visited the city state’s fintech festival in November, he assuredly got with the programme and bought his coffee online from popular local chai...
Ukraine’s Tascombank Pilots Stellar-based E-hryvnia – Fintech Bitcoin News
Tascombank, one of the oldest banking institutions in Ukraine, has completed the pilot testing of a digital currency based on the Stellar network. The bank believes that its electronic money platform ...
Cathie Wood’s Ark Invest adds another $2.5 million in Coinbase shares
Cathie Wood’s Ark Invest loaded up on more Coinbase shares Thursday, continuing this week’s spending spree as the stock rallies. Ark added 52,813 Coinbase shares to its Ark Innovati...
SEC charges Genesis and Gemini with selling unregistered securities
The Securities and Exchange Commission on Thursday charged crypto firms Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors....
JPMorgan Chase shutters student financial aid website Frank
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
Sam Bankman-Fried denies stealing FTX user crypto in new Substack post
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Timothy A. Clary | AFP | Getty...
Chinese Billionaire Jack Ma Agrees to Cede Control of Fintech Giant Ant Group – Fintech Bitcoin News
Chinese billionaire Jack Ma recently agreed to give up control of Ant Group as part of changes to the fintech’s corporate structure, which will supposedly not have an impact on “the economic interests...
Fintech Stocks Lag Behind The Rest Of The Market — Should You Buy Or Sell?
| Getty Images Key takeaways Fintech stocks have performed worse than financial and technology companies in the past year as consumer spending habits shift due to inflationary pressures. As the pandem...
FTX has recovered $5 billion worth of ‘liquid’ assets, lawyers say
John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Images FT...
FTX investors included Robert Kraft, Paul Tudor Jones: new filings
FTX founder Sam Bankman-Fried leaves the courthouse following his arraignment in New York City on December 22, 2022. Ed Jones | Afp | Getty Images It wasn’t just Tom Brady and Gisele Bündchen. T...
The ‘Elon effect’ shows how opinion leaders shape the fintech market
The power that influencers have in affecting public perception and therefore causing alterations in the value of a product, service, asset or currency has increased to the point where they can crash o...
Metropolitan Bank Is Fleeing Crypto. Bitcoin Investors Should Be Worried.
Metropolitan Bank Holding (ticker: MCB), one of the earliest banks to delve into digital assets, says it’s closing out the part of its business that catered to crypto firms. It’s a development that sh...
Ripple’s XRP leads CoinShares inflows in otherwise down week
Ripple’s XRP saw inflows at CoinShares in the first week of the year as investors fled bitcoin and ether. About $3 million was added in XRP, representing 9% of CoinShares’s assets un...
Last Chance to Register for iFX EXPO Dubai 2023The Premier Event for Business Networking and Collaboration in the Financial and Fintech Space
iFX EXPO Dubai 2023 is rapidly approaching, and it is expected to be the largest iFX EXPO ever held in the Middle East and North Africa (MENA) region. Between January 16-18, the event will bring toget...
Jack Ma No Longer Leading Shareholder in Fintech ‘Ant Group’
A $37 billion IPO by Ant Group in Hong Kong in 2020 was halted by Chinese authorities. The Chinese tycoon’s share of the company’s voting power will drop to around 6.2%. Jack Ma, co-founder, and CEO o...
Jack Ma cedes control of Chinese fintech giant Ant Group
Chinese billionaire Jack Ma is ceding control of Alipay owner Ant Group. , the Alibaba-affiliated company announced it would end agreements that had allowed Ma to hold a dominant position within Ant G...
Fintechs Accounted for Over 30% of Tracked Kenyan Tech Startups in 2022 — Study – Fintech Bitcoin News
As of November 2022, Kenyan fintechs accounted for 30.2% or 93 out of the 308 tracked tech startups, a Disrupt Africa study recently found. In addition, the study findings show that the fintech sub-se...
Crypto exchange Huobi to lay off 20% of workforce
The Huobi crypto exchange logo displayed on a smartphone. Nikolas Kokovlis | Nurphoto via Getty Images Digital currency exchange Huobi on Friday reportedly said it plans to reduce its global headcount...
New York AG accuses Celsius ex-CEO of defrauding crypto investors
Alex Mashinsky, founder and chief executive officer of Celcius Network Ltd., during a panel session at the Blockchain Week Summit in Paris, France, April 13, 2022. Benjamin Girette | Bloomberg | Getty...
RNR Unveils New Fintech Platform ‘Cine Marketplace 2.0’, Revolution in Film Copyright Ecosystem, at CES 2023
LOS ANGELES–(BUSINESS WIRE)–#CES2023—RNR, a content technology company, unveiled a new fintech platform for film copyrights ‘Cine Marketplace 2.0’ at CES 2023. The new Cine Marketplace 2.0 (CMP2.0) is...
Coinbase settles with New York financial regulator for $100 million
Coinbase signage in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Coinbase settled a case with New...
Sam Bankman-Fried pleads not guilty to fraud charges in New York
Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the Manhattan federal court, New York, January 3, 2023. Ed Jones | AFP | Getty Images...
The boldest bitcoin price predictions for 2023
A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images 2022 was a rough year for cryp...
FTX Japan users will be able to start withdrawing funds from February
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images Japanese FTX users will be able to start moving their funds out of the collapsed cryptocurrency exchange starting in Februa...
Bahamas regulator seized $3.5 billion of FTX crypto assets
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images The Securities Commission of The Bahamas says it seized $3.5 billion worth of cryptocurrency from collapsed crypto exchange...
Apple Has Been a Problem for PayPal. This Analyst Says That’s Changing.
PayPal Holdings suffered big losses in 2022. The stock still faces several challenges, but one seems to be resolving, according to a Mizuho analyst. Shares of the payment company (ticker: PYPL) fell ...