Financial Services Financial News
20.06 / 17:05
cryptocurrency
lending
Financial Services
Babel Finance to Repay ‘Some Debts’ and ‘Ease Its Short-term Liquidity Pressure’
Crypto-financial services provider Babel Finance claims to have reached certain “preliminary agreements” with “major” and “relevant” players on the repayment period of “some debts” – easing its short-term liquidity pressure.
21.05 / 00:37
regulation
Financial Services
legislation
Bitcoin
Financial
Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House
Rep. Byron Donalds, a Florida Republican, introduced the Financial Freedom Act into the United States House of Representatives on Friday to prevent the U.S. Department of Labor from limiting the types of investments that can be included in Americans’ self-directed 401(k) retirement plans. The bill is the companion to Alabama Sen. Tommy Tuberville’s May 5 Senate bill.
20.04 / 06:05
cryptocurrency
cryptoassets
Financial Services
Robinhood Markets signs agreement to acquire crypto app Ziglu
Robinhood Markets Incorporation, a US-based financial services firm, announced on April 19 that it had signed a deal to acquire Ziglu Limited - a UK-based electronic money institution and crypto-asset firm. The deal is subject to regulatory approvals and other customary closing conditions.
19.04 / 08:57
business
Blockchain
exchanges
Financial Services
Crypto startup Blockchain dot com planning 2022 IPO
Crypto exchange and block explorer Blockchain.com has begun talking with American banks to explore how it may hold an initial public offering (IPO) as soon as this year.
04.04 / 22:17
CBDC
Adoption
defi
Financial Services
inclusion
Financial
DeFi ‘Crucial’ for Financial Inclusion, CBDCs Still Welcome Despite Being Centralized
Decentralized finance (DeFi) protocols are “crucial” for financial inclusion, particularly in the developing world. And despite being inherently centralized, central bank digital currencies (CBDCs) are a welcome part of that, said the participants at a discussion hosted by the Bank for International Settlements (BIS).
16.03 / 13:59
HSBC
Metaverse
banking
Financial Services
Metaverse Banking: HSBC Enters The Sandbox as JPMorgan Tests Decentraland
With major financial institutions increasingly moving into the metaverse, UK bank HSBC is the first global financial services provider to enter virtual world The Sandbox, following in the steps of US-based banking giant JPMorgan which recently set up a lounge in another virtual world, Decentraland (MANA).
14.03 / 14:13
banking
Financial Services
Financial
Another Putin’s Mistake of the Ukraine War - Trusting the Western Financial System
Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University.
28.02 / 20:45
banking
Financial Services
Ukraine war
Russian Central Bank Claims its SWIFT Alternative Is Ready
The Russian Central Bank is talking up its SWIFT alternative as they try to go it alone without a way into the international banking network.
18.02 / 04:53
Adoption
Financial Services
Low
Financial
Low Millennial financial well-being drives crypto adoption: report
Data shows that Millennials in the United States are flocking to alternative financing methods such as crypto assets to boost their financial well-being.
27.01 / 15:32
business
Funding
Venture Capital
Financial Services
Crypto infrastructure firm Fireblocks valued at $8B following $550M raise
Digital asset custody platform Fireblocks has raised $550 million in Series E funding to become one of the blockchain industry’s most valuable companies, underscoring heightened institutional appetite for cryptocurrency products despite extreme price volatility.
15.12 / 20:24
lending
Investment
Financial Services
Bitcoin
Ledn
Backed
Bitcoin-Backed Mortgages Coming to the US and Canada in 2022 as Ledn Raises USD 70M
A new bitcoin (BTC)-backed mortgage product that allows clients to borrow up to 100% of the value of their BTC stack might be launched in the US and Canada within months by digital asset savings and credit start-up Ledn.
06.12 / 17:27
defi
regulation
Decentralization
Financial Services
BIS Sees 'Important Role' for DeFi, Pushes for Increased Regulation
A new report from the Bank for International Settlements (BIS), sometimes called the central bank of central banks, has come to a somewhat unexpected conclusion that decentralized finance (DeFi) could play “an important role” in the traditional financial system - but warned about potential financial instability.
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