Retail Financial News
21.03 / 21:47
markets
Grayscale
retail
Whale
Bitcoin
Bitcoin Price
Bitcoin holds $28K due to spot buying, but institutional investors are still selling
Bitcoin’s (BTC) price broke above the February 2023 highs of $25,200 after U.S. inflation data was in consensus with the market expectation. The potential fallout of the global banking system further promoted Bitcoin investment as a non-correlated global hedging instrument similar to gold in March. The correlation between gold and BTC has been rising since the start of the month.
15.03 / 17:59
business
Adoption
NFT
retail
First NFT real-world stores are setting a phygital trend
Located in Dubai, the business and crypto center of the Middle East and North Africa region, Fastex’s ftNFT shop became the world’s first physical NFT store, offering a seamless interaction between the real world and the digital universe. In a short time, it garnered wide acclaim for its unique concept, friendly staff and exceptional customer service.
25.02 / 00:57
CBDC
regulation
Central Bank
retail
recommendations
retail CBDC
IMF offers Jordan’s central bank recommendations for implementing retail CBDC
The Central Bank of Jordan is closer to its next step toward a retail central bank digital currency (rCBDC) with the completion of an International Monetary Fund (IMF) technical report on the country’s markets. The IMF conducted a three-month mission last year to assist the bank with preparations for a CBDC feasibility report. The IMF released its report Feb. 23.
22.02 / 05:17
business
event
Blockchain
Adoption
shopping
community
retail
Solana Spaces will close New York and Miami stores 7 months after opening
Solana Spaces will close down its two Solana (SOL)-themed, community-oriented retail stores in New York City and Miami at the end of the month, as the physical stores didn't onboard as many users as it initially anticipated.
21.02 / 13:19
Adoption
retail
Crypto Hub in the Making: Hong Kong Pushes Forward with Plans for Retail Crypto Trading
In a push toward reclaiming its position as the world's crypto hub, Hong Kong has outlined plans to allow retail investors to trade certain digital currencies on licensed exchanges.
21.02 / 00:27
business
Huobi
retail
regulatory
Huobi crypto exchange aims to expand to Hong Kong amid regulatory changes
Cryptocurrency exchange Huobi Global is seeking a license in Hong Kong, as the Chinese special administrative region considers new licensing and regulatory moves that would allow them to serve retail customers.
01.02 / 23:23
business
Adoption
Payments
retail
Bitcoin
Retail giant Pick n Pay to accept Bitcoin in 1,628 stores across South Africa
The South African grocery retailer Pick n Pay is expanding its Bitcoin (BTC) coverage to all 1,628 stores across the country following a three-month pilot testing phase in 39 locations.
02.01 / 12:05
Adoption
Investments
retail
SFC
Hong Kong brokers line up for SFC approval ahead of new virtual asset trading legislation
Financial services providers in Hong Kong are already taking the first steps to provide services to retail investors, according to local reports. Brokers and fund managers in the region have reportedly asked for advice on licensing requirements ahead of new legislation.
29.11 / 14:55
Adoption
Research
retail
Bitcoin
Non-whale Bitcoin investors break new BTC accumulation record
Some non-whale Bitcoin (BTC) investors seem to have had zero issues with the cryptocurrency bear market as well as fear, uncertainty and doubt (FUD) around the fall of FTX, on-chain data suggests.
03.11 / 19:49
business
Trading
retail
CNBC
Fidelity offers retail investors commission-free BTC and ETH trading
Fidelity Investments is expanding retail access to commission-free cryptocurrency trading services — a move designed to recognize growing mainstream interest in digital assets.
03.11 / 09:29
business
Blockchain
Adoption
retail
Q3
NOT
Robinhood not giving up on crypto despite Q3 crypto revenue slashing 12%
Crypto and stock trading platform Robinhood highlighted lagging cryptocurrency revenue in the third quarter of 2022, though the results will do little to dampen its ambition to serve the market, its CEO says.
01.11 / 00:36
CBDC
Adoption
retail
retail CBDC
Singapore’s MAS says no urgent case for retail CBDC, but launches 4 fast trials of it
The Monetary Authority of Singapore (MAS) has wrapped up the first stage of its Project Orchid examination of a retail central bank digital currency (CBDC). According to the white paper released on Oct. 31, there is no “urgent case” for a retail CBDC in Singapore, but the study envisioned the infrastructure required in case a need arose. It also conceptualized a new model for digital currency — purpose-bound money — and pulled large Singaporean banks and government agencies into the research with a series of trials.
17.10 / 05:51
Law
CFTC
regulation
retail
Fried
Bankman-Fried '100%' supports knowledge tests for retail derivatives traders
The founder and CEO of cryptocurrency exchange FTX, Sam Bankman-Fried has backed the idea of knowledge tests and disclosures to protect retail investors but said it shouldn’t just be crypto-specific.
29.09 / 21:47
CBDC
Adoption
retail
ECB
digital euro
reports
ECB reports on digital euro validation, privacy one year into investigative phase
The European Central Bank (ECB) Eurosystem digital euro project’s two-year investigative phase has reached its halfway point. The ECB published a progress report Sept. 29 that looked at design and policy issues that are under consideration or have been decided.
29.09 / 07:17
Ethereum
Adoption
BitMEX
retail
Institutional appetite continues to grow amid bear market — BitMEX CEO
In a recent interview, BitMEX chief executive Alexander Höptner shared his thoughts about institutional investors who, in his view, still have an appetite for crypto and Ethereum.
21.09 / 23:39
CBDC
Adoption
retail
retail CBDC
Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp
The Hong Kong Monetary Authority (HKMA) published a paper outlining the state of research on its proposed retail central bank digital currency (rCBDC) and plans for its further development. This is the third paper the HKMA has published on the e-HKD, as the proposed CBDC is called.
03.09 / 09:21
business
Blockchain
Adoption
retail
Crypto's adaptability, openness key to ideal monetary system, say BIS execs
Governments across the globe see central bank digital currencies (CBDC) as a means to improve the existing fiat ecosystem. Cryptocurrency’s technical prowess supported by the central bank’s underlying trust is key to enabling a rich monetary ecosystem, suggests an International Monetary Fund (IMF) publication.
29.07 / 12:29
Blockchain
solana
retail
open
Solana Team Set to Open Doors of a Physical Store in New York to Promote Solana and Web3
The team behind open-source blockchain Solana (SOL) is readying to open its physical store in New York City, USA, to the public, in a bid to promote the Solana blockchain and Web3 at large.
11.05 / 16:33
business
Adoption
retail
Bitcoin
Rising global adoption positions crypto perfectly for use in retail
Even though the cryptocurrency market seems to be going through a bit of a lull at the moment, there’s no denying the fact that the industry has grown from strength to strength over the last few years, especially from an adoption perspective.
27.04 / 06:41
25.04 / 23:01
business
Facebook
virtual reality
retail
open
Meta will open physical metaverse-themed store in San Francisco Bay Area
Social media giant Facebook's parent company, Meta, will be opening a retail store in the San Francisco Peninsula offering hardware for the virtual reality space.
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