US regulators issue warning to banks on crypto exposure risks
Three US regulators have called on banks to be on their guard against crypto exposure risks in the wake of the FTX collapse.
UK financial watchdog issues fresh warnings on crypto risks after Kimmie K’s Insta post
UK watchdog Financial Conduct Authority (FCA) has fired a warning shot at the cryptocurrency industry, signalling it could soon come under greater regulatory scrutiny.
UK lawmakers underline key stability and privacy risks of CBDCs
A report by the House of Lords’ Economic Affairs Committee has warned how a digital pound could harm financial stability, raise credit costs and erode privacy.
Swedish e-commerce cryptocurrency company QuickBit’s profits jump by 60 per cent
QuickBit, a FinTech enabling e-commerce retailer get paid with cryptocurrencies, has got improved its quarterly profit by 60 per cent to £2.42m.
Bitfinex resumes trading following $77m hack
Bitcoin exchange Bitfineix is up and running again after last week suffering a security breach that saw 19,756 bitcoins stolen from users’ accounts.
Global regulators to grill Facebook about its planned Libra project
Representatives from Libra will be interviewed by officials from 26 global central banks on Monday in a bid to ease worries about its impact on the financial market. At the same time, investor interest in crypto seems to waning.
US set to sanction crypto wallets and exchanges in ransomware crackdown
The Biden Administration is expected to begin issuing sanctions against crypto exchanges, wallets and traders used by ransomware groups to crackdown on cyberattacks.
How cybersecurity startups and neobanks scooped the most funds among last week’s 42 investment...
While Covid-19 continues to haunt us, the FinTech industry continues to rake in millions of dollars. Neobanks and cybersecurity companies were the top-scoring sectors to raise investment among the 42 rounds that FinTech Global reported on last week.
FTX crypto exchange valued at $18bn after the largest funding round in crypto history
Crypto derivatives exchange FTX has completed a series B fundraising round of $900m that values the company at $18bn.
Bitcoin booms in Japanese market
Bitcoin trading is picking up pace in Japan after legislation passed by the government sees public trust improve.