Fintech

Stablecoins · 5 days ago Circle Foundation Partners with UN to Enhance Onchain Aid Payment Systems The Circle Foundation has launched initiatives with the UNDP and WFP to develop onchain payment systems for humanitarian aid, aiming to improve efficiency and transparency.

Compliance · 1 week ago Hong Kong to Pilot Tokenized Exchange Fund Bills by 2026 Hong Kong plans to pilot the tokenization of Exchange Fund Bills by 2026, aiming to enhance liquidity management for banks through distributed ledger technology.

Stablecoins · 1 week ago Former Hong Kong Banker Sentenced to Four Years for Accepting Crypto Bribes Lam Chun-yin, a former banker at China Construction Bank, has been sentenced to four years in prison for accepting over $470,000 in Tether bribes to authenticate forged financial documents valued at over $1.6 billion.

Regulation · 2 weeks ago SKY7 and Fintech Amigo Launch IBAN Cloud to Enhance Banking Solutions SKY7 and Fintech Amigo have partnered to introduce IBAN Cloud, a project aimed at simplifying banking and payment infrastructure for businesses and individuals by aligning solutions with their specific needs.

Protocols · 2 weeks ago Clearpool Proposes Migration to XRP Ledger for Institutional Lending Clearpool is proposing a full migration of its lending protocol to the XRP Ledger, introducing a new token and credit standards aimed at fintech borrowers.

Custody · 2 weeks ago Utorg Partners with World No. 1 Padel Player Agustín Tapia as Brand Ambassador Utorg has announced a partnership with Agustín Tapia, the top-ranked padel player, making him their first global brand ambassador. The collaboration aims to enhance Utorg's visibility in the growing sports sector.

Regulation · 3 weeks ago Block Seeks OCC Approval for Builders Bank & Trust, a National Crypto Custody Bank Block has filed an application with the OCC to establish Builders Bank & Trust, a national trust bank aimed at providing custody services for bitcoin and stablecoins, pending regulatory approval.

Stablecoins · 3 weeks ago Visa and Credit Coop Launch Successful Onchain Lending Model with Zero Defaults Visa has partnered with Credit Coop to create an onchain lending model that has processed over $2.5 billion in settlements without any defaults since its launch in 2023.

Companies · 4 weeks ago Coinbase Co-Founder Fred Ehrsam Pursues Venezuelan Oil Fields Amid Market Challenges Fred Ehrsam, co-founder of Coinbase, is reportedly seeking control of three oil fields in Venezuela as the U.S. considers revoking the current operator's contracts. This move comes amid ongoing challenges in the global oil market.

Funding · 4 weeks ago Polymarket Negotiates $1B Funding at $20B Valuation Led by 1789 Capital Polymarket is in discussions to secure $1 billion in funding, achieving a valuation exceeding $20 billion, led by 1789 Capital.

Markets · 1 month ago Stripe and Advent Abandon $53 Billion Bid for PayPal, Stock Plummets Stripe and Advent International have withdrawn their $53 billion bid to acquire PayPal, leading to a significant drop in PayPal's stock price.

Stablecoins · 1 month ago Lisk to Shut Down Blockchain, Transitioning to Fintech Platform Lisk, once valued at nearly $4 billion, is shutting down its blockchain and pivoting to a fintech platform for finance teams, with plans to burn 100 million LSK tokens.

Adoption · 1 month ago Ripple CEO Highlights 67 Million US Crypto Owners as Industry Mainstream Ripple CEO Brad Garlinghouse emphasizes a new report indicating that 67 million Americans own cryptocurrency, marking a significant shift towards mainstream adoption.

Regulation · 1 month ago Ant Group Reports 91% Profit Decline Amid AI Investment Surge Ant Group's quarterly profit plummeted by 91% year-over-year as the company invests heavily in AI technologies, reflecting the financial strain of its ambitious projects.

Technology · 1 month ago Block Releases Berd: Open Source Desktop App for AI Agent Management Block has open-sourced Berd, a desktop application designed for managing AI agents, now available on GitHub. This lightweight app aims to streamline AI workflows for teams.

Markets · 1 month ago DeepSeek Launches V4 Pro AI Model with 1.6 Trillion Parameters and New Pricing Structure DeepSeek has unveiled its V4 Pro model featuring 1.6 trillion parameters, now available under an MIT license. The company also announced significant price increases for its API services, impacting developers and startups.

Technology · 1 month ago Crypto Founder Harry Yeh Found Dead Outside High-Rise in Paraguay Harry Chun Tak Yeh, founder of Quantum Fintech Group, was discovered dead after a fall from his luxury apartment in Paraguay. Investigations are ongoing to determine the circumstances surrounding his death.