Financial Technology
- Finance
BoE’s Andrew Bailey says crypto has ‘all the potential’ to threaten financial stability
Bank of England Governor Andrew Bailey said that the rapid growth of cryptocurrencies means that they could threaten the world’s…
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On an ugly day for markets, here’s the S&P 500 level investors need to watch closely, says this trader
Black Friday indeed. Some grim headline are greeting those investors who aren’t stretching out the Thanksgiving holiday into a long…
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Bitcoin and ether rise despite India’s crypto crackdown
The two leading digital assets were rising on 25 November amid optimism that new rules for cryptocurrencies planned by the…
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Martin Gilbert: Investors can’t fight the tide of digitalisation
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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Bank of England bosses say banks don’t need to worry about Britcoin
Concerns raised by UK banks about the impact of a central bank digital currency on their business models are partially unfounded,…
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Starling chief Boden blasts failed open banking regime
The UK’s open banking regime has flopped because there is insufficient demand for the service from both consumers and fintechs, Starling Bank chief…
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Crypto cashback sets off moral panic on Britain’s high street
A major step towards the mainstream adoption of cryptocurrencies has turned out to be nothing more than a damp squib,…
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Citigroup to hire 100 roles into new digital assets unit
Citigroup has named a new head of digital assets within the division housing its investment bank, and will hire an additional…
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El Salvador is getting ready to roll out a bitcoin-backed bond
El Salvador is planning to issue next year $1bn in bonds backed by bitcoin, the latest effort by the economically…
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Crypto payments firm MoonPay valued at $3.4bn after Coatue and Tiger injection
Crypto payments startup MoonPay has been valued at $3.4bn in its first time seeking outside equity funding, as part of…
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JPMorgan takes stake in SoftBank, Goldman-backed blockchain startup
JPMorgan has taken a stake in Blockdaemon, a blockchain infrastructure startup that also includes SoftBank, Goldman Sachs and crypto exchange Kraken…
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Why a digital euro isn’t a forgone conclusion, despite its advantages
Katharine Neiss is chief European economist at PGIM Fixed Income and a former bank of England Monetary Policy Committee member…
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US judge orders liquidation of $56m in cryptos seized in BitConnect investigation
A judge agreed to a request from US authorities to liquidate roughly $56m in proceeds seized from a US promoter…
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Crypto firms lawyer up as regulatory clouds gather
Crypto firms are beefing up their in-house legal and compliance teams in the face of a crackdown from regulators across…
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France’s Melanion Capital to launch ‘green’ bitcoin-focused Spac
Melanion Capital is to list a special purpose acquisition company focused on acquiring and developing businesses linked to “green and…
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Binance pushes crypto ‘bill of rights’ following regulatory scrutiny
Binance, the world’s largest cryptocurrency exchange, has called on regulators to embrace a “bill of rights” for digital assets, following…
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Bitcoin dips below $60,000 as investors watch strong dollar
Cryptocurrencies slid in overnight trading, with some of the most popular digital tokens losing more than 10% from recent highs.…
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Why central bank digital currencies are facing an identity crisis
If cryptocurrencies are dangerous because of their proliferation among criminals, central banks are keen to make sure the same can’t…
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Has the ‘crypto winter’ arrived? Selloff sends bitcoin under $60,000, Ether tumbles 11%.
A cryptocurrency selloff pushed bitcoin and Ether to levels not seen in more than a week on Tuesday, with some…
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Why Twitter’s CFO says crypto investing right now ‘doesn’t make sense’
Investing some of Twitter’s corporate cash in crypto assets such as bitcoin “doesn’t make sense right now,” Chief Financial Officer Ned Segal…
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Kalifa predicts more M&A as fintechs fight for survival
Ron Kalifa, one of the leading names in UK fintech, is predicting more merger activity in the sector as firms…
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Asset manager Bitwise pulls plan for a bitcoin ETF
A second firm has halted the launch of a bitcoin futures exchange-traded fund, calling the products too costly for many…
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How a $64bn lawsuit could unveil bitcoin creator Satoshi Nakamoto
A seemingly run-of-the-mill trial is playing out in Florida: The family of a deceased man is suing his former business…
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Bank of England’s Jon Cunliffe says bitcoin threat to financial stability is ‘getting closer’
The threat that cryptocurrencies such as bitcoin pose to global financial stability is “getting closer”, a top Bank of England…
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BlackRock’s iShares boss says the firm is in no hurry to launch crypto ETFs
One of BlackRock’s top executives has ruled out an imminent foray into crypto exchange traded funds, citing an “opaque” regulatory…
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How Binance took the crypto market by storm, then caught the eye of governments
The world’s fastest-growing major financial exchange has no head office or formal address, lacks licenses in countries where it operates,…
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EU states urged to agree on crypto rules this autumn, senior official says
The European Commission is calling on member states to come to an agreement on draft cryptoasset regulation by this autumn, one…
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Twitter is turning to cryptos for growth
Twitter is launching a dedicated crypto team. The social-media company said on 10 November it is assembling a team called “ Twitter Crypto”…
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JPMorgan leads Wall Street banks in blockchain hiring craze
JPMorgan is still Wall Street’s biggest blockchain fan, as the lender continues to outpace its rivals with a global hiring…
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Why Coinbase’s chief expects the NFT market is more like Instagram than eBay
Brian Armstrong, chief executive of crypto exchange Coinbase Global said on 9 November that the company aims to provide a…
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US officials seize $6m in crypto ransomware clampdown
The Justice Department’s seizure of $6.1m in funds tied to alleged ransom payments, announced alongside fresh sanctions against a cryptocurrency…
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Coinbase stock falls on lower crypto fees over third quarter
Coinbase Global plunged 13% from an all-time high on the afternoon of 9 November, after revealing a summer slowdown in cryptocurrency…
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Bank of England says no Britcoin before 2025
The Bank of England has warned that the UK should not expect to launch a central bank digital currency before…
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Coinbase stock plunges from record high after revenue suffers from crypto’s summer slowdown
Coinbase Global Inc. shares hit new closing highs two days in a row heading into Tuesday’s quarterly earnings report, but…
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Crypto ‘reasonable to own’ as ‘part of a diversified portfolio,’ but don’t expect Apple to take bitcoin payment soon, says Tim Cook
Apple CEO Tim Cook isn’t photoshopping a pair of laser eyes onto his Twitter profile image, but he was offering…
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Here’s why bitcoin and ether have hit new record highs
Bitcoin and ether, the two leading cryptocurrencies, notched all-time highs on 9 November as a rally in digital assets continued.…
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Bitcoin rally spills over to ether as crypto continues record bull run
Ether continued its record-setting rally on 7 November, topping $4,700 for the first time. The world’s second-largest cryptocurrency by market capitalisation,…
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Ether continues its record run, tops $4,700 for first time
Ether continued its record-setting rally Sunday, topping $4,700 for the first time. The world’s second-largest cryptocurrency by market cap, which…
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House approves infrastructure bill, sending it to Biden to be signed into law
The U.S. House of Representatives late Friday voted 228-206 to approve a bipartisan infrastructure bill, in a move that sends…
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House looks set to pass infrastructure bill tonight, as progressives accept promise that social-spending package will advance later
The U.S. House of Representatives late Friday appeared on track to approve a bipartisan infrastructure bill, after progressive Democratic lawmakers…
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Bitcoin Cash price spikes, falls following Kroger fraud
The price of bitcoin cash rose 3.6% in less than an hour Friday morning, following the posting of a fraudulent…
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Square cites slowdown in bitcoin demand for underwhelming third quarter
Gross profit comes in just shy of expectations, along with adjusted earnings and sales Square reported lower-than-expected revenue for the third…
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Blockchain hires ex-Deutsche Bank exec as compliance chief
Blockchain.com, which provides a variety of cryptocurrency services to individual investors and institutional clients, has hired its first chief compliance…
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NYC mayor Eric Adams wants his first three paychecks in bitcoin
Eric Adams, the next mayor of New York, wants to turn the city into the crypto capital of the world.…
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SEC’s Hester Peirce says regulators want a piece of the crypto pie
Deciding who will regulate the cryptocurrency industry is challenging because a lot of regulators want to “plant their flag and get…
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Cathie Wood’s flagship ETF is betting on Zillow after its drop
Cathie Wood’s flagship exchange-traded fund bought roughly $25m worth of shares in Zillow on Tuesday, the day the real-estate company’s stock…
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NBA star Kevin Durant starts $200m Spac for sports, food or crypto
NBA star Kevin Durant aims to launch a $200m blank-cheque company, making him the latest celebrity to get in on…
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‘It’s really a toy’: Zillow closes home-flipping business. What does that say about the reliability of its Zestimate home-valuation tool?
Zillow’s ZG, -17.21% experiment in home-flipping has blown up in its face — and the company is blaming the “unpredictability” of…
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London takes global crown for women-led fintech firms — with only two players
The UK’s capital has the highest number of female chief executives overseeing large fintech companies in the world, as well…
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Crypto market won’t develop without regulation, SEC’s Gensler says
Securities and Exchange Commission Chairman Gary Gensler said the regulator will be “very active” in bringing the digital currency market…
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