Crypto and banking app Tap Global names Kriyakant Patel as new CEO
Patel joins from Transact Payments, where he has served as CEO for the last nine years.
Cryptocurrency
News, intelligence and resources on the global fintech industry including topics such as cryptocurrency.
FinTech Futures: Top five stories of the week – 12 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Germany’s Unstoppable Finance to build Europe’s first DeFi bank
The fintech firm also plans to issue a fiat-backed euro stablecoin.
NYAG proposes new legislation to strengthen crypto regulation and protect investors
The proposed bill aims to increase transparency, eliminate conflicts of interest and protect victims of fraud.
Crypto exchange Bittrex files for bankruptcy protection in the US
The move comes just weeks after the firm announced it would be shutting down operations in the US.
Stripe unveils embeddable fiat-to-crypto onramp for Web3 businesses
The onramp has built-in fraud tools and identity verification to meet KYC and compliance requirements.
FCA continues clampdown on unregistered crypto ATMs in Exeter, Nottingham and Sheffield
The regulator says it will review the evidence gathered and consider taking further action where necessary.
UK fintech Revolut marks Latin America debut with Brazil launch
Revolut will initially offer a multi-currency account and crypto investing for customers.
Cartoon: Curmudgeon
A new cartoon illustrating the arbitrary approach to crypto regulation in the United States.
Mastercard rolls out Crypto Credential service to strengthen trust in blockchain ecosystem
Mastercard Crypto Credential defines verification standards, instilling “critical” trust in blockchain tech.
FinTech Futures: Top five stories of the week – 28 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Binance.US pulls out of Voyager asset acquisition citing “hostile” regulations
Binance.US cites “the hostile and uncertain regulatory climate” in the US as its reason for pulling out.
EU crypto “travel” regulations pass European Parliament vote
MiCA will ensure crypto transfers can be traced and suspicious transactions blocked.
FinTech Futures: Top five stories of the week – 21 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
SocGen digital asset arm unveils Euro-pegged Ethereum stablecoin
The stablecoin is designed to bridge the gap between traditional capital markets and the digital asset ecosystem.
Januar lands European payment licence from Danish regulator
The Danish start-up will now be able to onboard clients from across the European Economic Area (EEA).
IFGS 2023: Collaboration key for Singapore’s burgeoning fintech sector
Sopnendu Mohanty, chief fintech officer at MAS, discussed the country’s strategies and successes at IFGS 2023.
Blockchain infrastructure platform Paxos to pull out of Canada
Customer accounts without funds will be closed on 9 May, Paxos says.
FinTech Futures: Top five stories of the week – 14 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Crypto API provider Wyre names Stephen Cheng as new CEO
Cheng has served as interim CEO for Wyre since January 2023.
Tarabut Gateway appoints Chun Ong as new chief operating officer
Ong joins from UK digital mortgage lender Molo, where he spent three years as COO.
PostFinance partners Sygnum for digital asset banking services
PostFinance customers can now access regulated, bank-grade cryptocurrency services.
EU drafts crypto transfer rules to fight money laundering
Under the new rules, cryptoasset transfers will have to include information on their source and beneficiary.
CBDCs – miracle money or new world order?
CBDCs promise much, but their cost when it comes to privacy could be dear.
Crypto exchange OKX readies for Hong Kong launch
OKX sees “immense potential” in Hong Kong and is committed to building out the local ecosystem.
US CFTC files lawsuit against Binance and CEO
The CFTC has accused Binance of “numerous violations” of the Commodity Exchange Act and CFTC regulations.
Cartoon: Hype cycle
A new cartoon illustrating the growing hype surrounding generative AI.
Video: CompoSecure at FinovateEurope 2023 – Security and innovation in digital payments
Dr Adam Lowe of CompoSecure discusses how to combat the growing number of cybersecurity threats in digital payments.
FinTech Futures: Top five stories of the week – 24 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The future of banks is not banking…
Defining the future of banks is much more complex now than it has ever been.
CryptoUK calls on FCA to oppose banks banning transfers to crypto exchanges
CryptoUK says banks limiting transactions to crypto platforms is “anti-competitive and disproportionate”.
Crypto exchange OKX set to pull out of Canada citing “new regulations”
OKX says the move is “temporary and we are working with regulators to solve this issue”.
FDIC offloads non-crypto Signature Bank deposits to Flagstar Bank
The FDIC will continue to provide crypto-related deposits directly to customers.
FinTech Futures: Top five stories of the week – 17 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Copper.co announces job cuts amid “strategic realignment”
Copper intends to “realign” its business to focus on its custody and prime services solutions.
US, European agencies seize €44m worth of BTC in crypto mixer raid
The law enforcement agencies seized seven terabytes worth of data, consisting of 1909.4 BTC.
Swiss start-up Grow Bank aims to bring crypto and fiat currencies under one roof
Grow aims “to link the traditional banking structure with a product of the decentralised finance ecosystem”.
Crypto paytech Wirex launches multi-currency card in Australia
With one of the highest levels of crypto adoption in the world, Australia is an “important market” for Wirex.
Anchorage Digital to cut 20% of staff as part of “strategic realignment”
Despite a “robust and growing” business, Anchorage says the cuts are a necessary part of a “strategic realignment”.
Rain partners Tarabut Gateway for open banking API
Rain will make use of Tarabut’s open banking payment solutions to facilitate on and off-ramp transactions for users.
