Financial Technology
- Finance
UBS chief dismisses crypto: ‘We’re very cautious’
Cryptocurrencies have yet to display enough fundamental value to be considered a valid investment opportunity, the chief executive of UBS…
Read More » - Market
More than 1 in 10 Americans invested in crypto this year — here’s how they differ from stock market investors
The stock market has more diverse offerings than the crypto market, but the opposite is true when it comes to…
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Bitcoin looks fraught as an inflation hedge amid selloff
Bitcoin’s steep selloff is undercutting the argument made by the digital currency’s proponents that it’s an inflation hedge. The original…
Read More » - Tech
A Tech IPO Boom Is Coming to Unicorn-Rich India
NEW DELHI—India is gearing up for tech IPOs, including two worth more than $1 billion, as startups look to tap…
Read More » - Finance
Will Robinhood’s IPO be a boom or bust?
Robinhood Markets likes to give away free shares to attract new customers. Its public offering to investors is a different…
Read More » - Entrepreneurs
Will fintechs dominate the Mexican banking market?
There are still challenges that fintech companies must face, but let’s look at the data and an expert opinion. Free…
Read More » - Tech
Crypto Exchange FTX Valued at $18 Billion in Funding Round
FTX raised $900 million in a new funding round that closed Tuesday. Participants in the round included Japanese technology investor…
Read More » - Finance
Fidelity says 80% of investors want crypto in portfolios: ‘Regulation is coming’
Nearly eight in 10 institutional investors say that digital assets such as cryptocurrencies should form part of a portfolio, according…
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Crypto causes ‘severe damage’ to investor ESG credibility, says Candriam
Significant direct investment in cryptocurrencies by asset managers or large institutional investors can cause “severe damage to [their] environmental, social…
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Lawmakers and accountants lobby for solid crypto accounting rules
Accountants and lawmakers are urging standard-setters to fill a void and write concrete rules telling companies how to account for…
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Jamie Dimon predicts return to pre-Covid working by September
JPMorgan boss Jamie Dimon said the idea of hybrid working has been “blown out of proportion” and that the working…
Read More » - Finance
Here’s why governments want crypto experts
Monetary authorities around the world are rushing to design digital currencies, and many are asking: Who knows how to do…
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Elon Musk has ‘no role’ in council of bitcoin miners
Tesla billionaire and cryptocurrency advocate Elon Musk is no longer involved with an industry group of bitcoin miners that he…
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State Street sets ‘extremely high bar’ for crypto ETFs: ‘Until we’re comfortable, we will not launch’
State Street’s exchange traded funds business is considering how it can tap into growing client demand for cryptocurrencies such as…
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Law firm Charles Russell Speechlys pursues celebrity fintech Lanistar over unpaid debt
Celebrity fintech Lanistar is being pursued by a law firm over an unpaid debt, marking the latest blow in a series…
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Bitcoin jumps as Elon Musk tweets Tesla will resume transactions once crypto is greener
The price of bitcoin jumped and flirted with $40,000 after Tesla’s chief executive Elon Musk tweeted that his company will…
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Here’s why bitcoin on the balance sheet could be an accounting headache
Elon Musk’s curious Twitter war with bitcoin is expected to hit Tesla Inc.’s bottom line this quarter. Musk is widely…
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Crypto outflows surge for second week running, Coinshares reports
Digital asset investment products faced a second consecutive week of outflows totalling $21m, with ether representing more than 50% of…
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Bitcoin’s Taproot upgrade is coming for Ethereum’s corporate crown
Bitcoin is about to undergo a rare upgrade to its underlying technology, after a consensus of the cryptocurrency network’s miners…
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Bitcoin holdings top $43bn across global investment funds
Investment funds are holding a collective bitcoin hoard worth $43.2bn, spread out across various vehicles including bitcoin closed-ended trusts and…
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Xavier Rolet: How central banks could end the crypto experiment
What to make of the cryptocurrency boom? I often get these questions: Insane bubble ready to pop? New asset class…
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Bank of England’s Bailey: Crypto won’t get a ‘free pass’ on innovation
Bank of England governor Andrew Bailey has warned that cryptoasset firms will not get a “free pass” to innovate from regulators,…
Read More » - Finance
Ex-Barclays chief’s fintech turns to BlackRock, JPMorgan as investors
The fintech startup of former Barclays chief executive Antony Jenkins has raised a fresh round of capital, bringing on board…
Read More » - Finance
Wise to go public via direct listing
London-based money transfer fintech Wise has announced it is planning to go public via a direct listing on the London…
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Crypto ownership spikes as 2.3 million Brits back digital currencies
Around 2.3 million Brits, or roughly 4.4% of the population, now own cryptocurrencies, the Financial Conduct Authority has said. The…
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Binance abandons crypto tokens pegged to listed stocks
Cryptocurrency exchange Binance has stopped offering digital tokens tied to the value of listed equities, amid wider regulatory scrutiny of…
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Binance targeted by Italian regulator as global crypto scrutiny heats up
Italian banking regulator Consob has warned consumers that Binance is not authorised to conduct regulated investment services and activities in…
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Bitcoin scam ads run rampant as UK watchdogs battle marketing fraud
Bitcoin is the most popular way for online scammers to target Brits with fraudulent marketing, exclusive new figures show. Approximately 95%…
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Crypto and FX firm LMAX valued at $1bn after JC Flowers stake
Cryptocurrency and FX exchange LMAX Group has received a valuation of $1bn, after selling a 30% stake in the company…
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FCA to warn investors of cryptocurrency risks in £11m marketing campaign
The Financial Conduct Authority is spending £11m on a digital marketing campaign to warn investors over the risks of putting…
Read More » - Finance
Revolut valued at $33bn after SoftBank injection as UK’s most valuable fintech
Digital bank Revolut has raised $800m in fresh capital, making it one of the world’s most valuable fintech businesses at…
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Losses jump sixfold at ex-Barclays boss Antony Jenkins’ fintech startup
Losses at the banking technology startup helmed by former Barclays boss Antony Jenkins jumped sixfold last year, as the firm…
Read More » - Finance
Behind the deal: How Wise’s listing took UK markets by storm
It’s been almost a week since the launch of Wise’s shares on the London Stock Exchange, and the payments company is…
Read More » - Finance
Binance suspends sterling withdrawals following partner exit
Cryptocurrency exchange Binance has suspended withdrawals in sterling again, after one of its key partners terminated its agreement with the…
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London police seize cryptocurrency worth £180m in largest-ever UK raid
Police in London have seized cryptocurrency worth nearly £180m in the UK’s largest-ever raid of crypto assets. The Metropolitan Police…
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Spac backed by ex-Barclays chief Bob Diamond to take crypto firm Circle public in $4.5bn deal
Stablecoin tech firm Circle is to go public in a merger deal with a special purpose acquisition company that will…
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‘We should have pushed harder’ for Brexit equivalence, says UK fintech boss
Don’t give up on equivalence, the UK boss of electronic trading platform MarketAxess says, just days after the UK’s chancellor…
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Here’s what happened when investors let teens handle their risky crypto investments
When Gill Mudditt raised some cash from selling her home last year, a friend introduced the Johannesburg resident to Ameer…
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London fintech investment tops $5.3bn in record-breaking start to 2021
London fintech firms have received record attention from venture capital investors so far this year, attracting $5.3bn in investment in…
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Binance crackdown highlights regulatory crypto conundrum
The near-simultaneous crackdown on digital assets exchange Binance by multiple global regulators demonstrates the struggle that watchdogs face in tackling…
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Nearly half of young UK investors jump into crypto for first-time bets
Crypto is by far the most popular target for young Brits investing for the first time, as the appeal of…
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Wise goes public in £8bn London direct listing
Fintech firm Wise has begun trading on the London Stock Exchange at £8 per share, valuing the company at £8bn.…
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Binance plans to double compliance team
Binance’s regulatory woes are partially down to its rapid growth and lack of efficient global regulation of the cryptocurrency sector,…
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Robinhood’s crypto unit provisions for $10m fine over cyber, money-laundering breaches
The cryptocurrency brokerage of Robinhood Markets expects to pay New York regulators a penalty of at least $10m for allegedly…
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Sotheby’s will accept bitcoin or ether for $15m diamond sale
Recently minted cryptocurrency millionaires, unsure of what to do with their newfound wealth, can now bid for a $15m 100-carat diamond…
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Nationwide reviews crypto policy as UK banks crack down on Binance
Nationwide is reviewing its policy on customers dabbling in cryptocurrencies, making the high street lender the latest in a slew…
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Barclays blocks customers from sending funds to crypto exchange Binance
Barclays customers in the UK have been blocked from transferring funds to cryptocurrency exchange Binance after the latter faced heat…
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Bitcoin is likely to do more harm than good in developing countries
Many regard the market for bitcoin as a game of winners and losers played out among hedge funds, amateur investors,…
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Instagram-hyped fintech Lanistar in crisis after staff down tools over unpaid wages
Celebrity-hyped fintech firm Lanistar is facing a growing crisis after staff in its London office refused to work this week…
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Robinhood files IPO on meme stock surge
Robinhood Markets unveiled striking growth figures Thursday in the paperwork for its long-awaited initial public offering — and a long…
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