Crypto exchange Kraken to lay off 30% of staff as it looks to weather crypto winter
The firm is laying off 1,100 employees in order to “adapt to current market conditions”.
Digital Asset
ADDX sells stake in digital asset platform CYBAVO to fintech Circle
The deal was signed in June and concluded in July, as part of Circle’s acquisition of CYBAVO earlier this year.
US banking sector launches digital asset settlement proof of concept
US banking heavyweights will explore the feasibility of a DLT-powered interoperable digital money platform.
Ireland is emerging as a global hub for payments
Ireland has become the EU/EMEA headquarters for many leading firms in the fintech and payments space.
FinTech Futures: Top five stories of the week – 11 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Binance nixes mooted FTX acquisition deal
In a tweet, Binance says “we have decided that we will not pursue the potential acquisition of FTX.com”.
Binance signals intent to acquire rival crypto exchange FTX
FTX’s CEO wrote on Twitter that a “strategic transaction” has been hashed out with Binance, pending due diligence.
Crypto infrastructure start-up Ramp raises $70m in Series B round
The Series B follows Ramp’s $52.7 million Series A round in December 2021.
Goldman, MSCI, Coin Metrics partner for digital asset taxonomy framework
Datonomy is a standardised way to help market participants view and analyse the digital assets ecosystem.
DFSA introduces new “crypto token regime” to boost digital asset regulation
The DFSA says it is a “progressive regulator” that recognises the growing interest in crypto.
RBI launches pilot for digital rupee wholesale CBDC
The use case of this pilot is the “settlement of secondary market transactions in government securities”, RBI says.
MoneyGram expands Coinme partnership, launches in-app crypto service
Users across nearly all US states can now trade and store BTC, ETH and LTC in the MoneyGram app.
UnionDigital Bank taps Thought Machine and Callsign to power its mobile app
UnionDigital Bank will deploy Thought Machine’s Vault Core solution and Callsign’s digital ID platform.
Mastercard to enable banks to offer crypto trading services with new solution
Named Crypto Source, the new offering is being developed in partnership with Paxos.
Crypto-powered banking platform BVNK secures Spanish digital asset registration
BVNK is looking to expand across the European Union and beyond.
Video: BNP Paribas at Sibos 2022 – Digital assets in financial services
We chat with Wayne Hughes of BNP Paribas Securities Services to discuss the firm’s digital asset strategy.
Sibos 2022: How HSBC wants to power the Web3 economy
“We want to be the ecosystem platform provider to power up the Web3 economy,” says HSBC’s Catherine Zhou.
Sibos 2022: Breaking new ground – banking in the metaverse
“If you’re going to be in the metaverse, it starts with a purpose,” Accenture’s Michael Abbott explains.
Sibos 2022: How to avoid a digital identity crisis
Bianca Lopes makes the case why banks, FIs and regulators should be paying attention to digital identity.
Sibos 2022: No bank is an island – joining up digital currencies
At Sibos 2022, senior bankers discussed the importance of interoperability between payment systems old and new.
Sibos 2022: State Street Digital Digest – volatility and the digital transformation
Discover the key takeaways from the third edition of the State Street Digital Digest.
Swift pilot lays foundation for use of CBDCs and tokenised assets in global finance
Swift says CBDCs and tokens can be deployed at scale to facilitate trade and investment across the world.
Voyager Digital to sell its assets to FTX US for $1.4bn
Voyager Digital filed for bankruptcy protection back in July.
Revolut can offer crypto asset services after FCA AML registration
Revolut, an authorised EMI since 2018, was added to the Financial Services Register on 26 September.
FinovateFall 2022: Q&A with Ripple’s James Wallis on CBDCs, crypto and blockchain
We chat with Ripple’s James Wallis about the rise of CBDCs and the future of blockchain.
It’s not all evil, crypto can also do good
Consumers, regulators and investors are all interested in solving this technology’s climate impact.
Video: Scotiabank at FinovateFall 2022 – The real-world use cases for crypto in banking
We chat with Amreen Sodhi of Scotiabank about the future of cryptocurrency in banking and payments.
Change at the top for crypto exchange Kraken with former COO to lead firm
Dave Ripley is to lead the firm with current CEO Jesse Powell set to become chair of the company’s board.
Copper.co taps Fenergo for AML and client lifecycle management solution
Copper will utilise Fenergo’s tech to onboard “increasingly complex” client ownership structures.
European Central Bank picks five partners for digital euro initiative
Five front-end companies were chosen by the ECB out of 54 applicants.
FinovateFall 2022: Q&A with MoneyGram chairman and CEO Alex Holmes
FinTech Futures chats with Alex Holmes about the evolution of cross-border money movement.
B2C2 names ex-Morgan Stanley exec as new CEO, EMEA
Thomas Restout says he aims to help the firm “accelerate expansion”.
Gen Z investors want more than crypto and meme stocks
The key thing missing from many banking and investment platforms is personalisation.
DeFi for the masses — crypto investment platform Solvo readies for launch
Solvo will offer investments, savings, crypto buying and selling as well as a card for payments.
Finland’s Findynet Cooperative nabs €3m grant to build digital ID network
The self-sovereign identity network will ensure interoperability between digital wallets from different vendors.
Himalaya Exchange CEO Jesse Brown on weathering the crypto winter
FinTech Futures speaks with Himalaya Exchange CEO Jesse Brown about the future of crypto.
The ‘stablecoin spring’: how new UK rules signpost the future of payments
The Financial Services and Markets Bill signals the next stage of the UK’s efforts to regulate digital assets.
DTCC launches DLT-powered settlement platform Project Ion
The new platform leverages R3’s Corda DLT software.
FinTech Futures: Top five stories of the week – 19 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Australian crypto exchange Swyftx cuts 21% of workforce
Swyftx says 74 employees will be laid off as the firm grapples with global economic uncertainty.
