Representative French Hill Expected to Take Over Powerful House Financial Services Committee

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Representative French Hill is slated to take over the powerful House Financial Services Committee following the exit of popular Chairman Patrick McHenry. Multiple news outlets are reporting the selection of Hill, who has edged out several others interested in the chairman position. The Digital Chamber… Read More

 

 




France’s AMF Encourages Financial Institutions to Improve Transparency of Taxonomy Reporting

Faced with “dense” and complex information, the AMF in France is encouraging financial institutions to continue their efforts to “improve the transparency of their Taxonomy reporting.” In a report covering the first alignment reporting of seven French banks and insurers, the AutoritĆ© des MarchĆ©s Financiers… Read More

One Card Raises $25.5M in Funding from QED Investors, BTV, Others

Pune-headquartered FPL Technologies, which operates credit card issuance and virtual payments platform One Card, has reportedly acquired about $25.5 million in new funding via an investment round that was led by QED Investors. Peak XV Partners, Z47 (formerly known as Matrix Partners India) and Better… Read More

Stablecoins Are Becoming Vital Part of Web3 and Broader Financial Ecosystem – Report

Many more people are now wondering whether stablecoins (or digital tokens backed with fiat currencies 1-to-1 like the US dollar) truly open “remarkable conditions” to enable business onchain? According to a recent update, the answer to this pressing question is yes. However, where lies their… Read More

Marqeta to Power Slope Commercial BNPL Card

This week, Marqeta (NASDAQ:MQ), a global, modern card issuing platform that enables embedded finance solutions welcomed BNPL provider Slope. Via Marqeta, the Slope Card facilitates commercial BNPL options, allowing customers to pay in-store or online with 30- or 60-day loan options. IKEA is already utilizing… Read More

Anchorage Digital Expands Custody for Tokens on Aptos Blockchain Including BUIDL, Ondo USDY

Anchorage Digital, the custodian for crypto innovators and investors, is announcing expanded support for tokens on the Aptos blockchain, including custody of BlackRock USD Institutional Digital Liquidity Fund (BUIDL) and the Ondo US Dollar Yield Token (USDY), the largest tokenized treasury assets by total value… Read More

Kuady Strengthens Latin American Presence with Ecuador and Virtual Prepaid Mastercard in Argentina Launch

Kuady, a payments service processor, announced key updates in its Latin American expansion, with the launch of its digital wallet services in Ecuador and the roll-out of its virtual prepaid Mastercard in Argentina. These developments underscore Kuadyā€™s commitment to driving financial inclusion and delivering payment… Read More

Avalanche Announces $250M Locked-Token Sale Led by Galaxy Digital, Dragonfly, ParaFi Capital

Avalanche announces a $250 million locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital. More than 40 investment companies reportedly participated, including the following: SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective, CMCC Global, Superscrypt,… Read More

DOGE Leader and Tesla, SpaceX CEO Elon Musk Shares Letter Sent to SEC Chairman Gary Gensler

Elon Musk, founder and CEO of multiple firms including Tesla and SpaceX, has leveraged X, another one of his companies, to lambast outgoing SEC Chairman Gary Gensler.   Oh Gary, how could you do this to me? šŸ„¹ pic.twitter.com/OoooQI77ZS ā€” Elon Musk (@elonmusk) December 12,… Read More

European Digital Bank N26 Adds Ready-Made Funds to Investment Offering

N26 announced the launch of Ready-Made Funds, a new offering added to its existing Stocks & ETFs trading product designed to make investing more accessible. Ready-Made Funds allow customers to select a “multi-asset portfolio made up of Exchange-Traded Funds (ETFs) and Index Funds, managed by… Read More

Coinlist Says ICOs are Making a Comeback

The initial coin offering (ICO) era came to a screeching halt following a statement made by the Securities and Exchange Commission that effectively told issuers to halt the process. During the wild and crazy days of ICOs, millions or billions were both made and lost…. Read More




SEC Commissioner Dissents Following Charges Against Cantor Fitzgerald Regarding SPAC Disclosures

Yesterday, the Securities and Exchange Commission charged Cantor Fitzgerald, LP, and two Special Purpose Acquisition companies (SPACs) it controlled with “making misleading statements to investors ahead of their initial public offerings (IPOs).” SPACs are companies that go public with the intent to acquire a private… Read More

Crypto Proponents Target SEC Commissioner Caroline Crenshaw Before Senate Committee Vote

The Bitcoin and crypto industry is now focused on blocking or preventing the re-nomination ofĀ  SECĀ CommissionerĀ Caroline CrenshawĀ as theĀ Senate Banking Committee prepares to vote on her appointment to another term at Wall Streetā€™s main regulatory authority. Crenshaw, a Democrat, was appointed to the commission by PresidentĀ Donald… Read More

Canadian Fintech Nuvei Integrates Google Pay into its Cashier for LatAm Clients

Nuvei Corporation, the Canadian fintech, announces the expansion of its partnership with Google to integrate Google Pay, an option now available for merchants across Latin America (LatAm). This collab builds upon the relationship between Nuvei and Google, and complements Google Pay’s availability via Nuvei in… Read More

American Bankers Association, Consumer Bankers Association Sue CFPB for New Overdraft Rules

The Consumer Bankers Association (CBA), American Bankers Association (ABA), Americaā€™s Credit Unions, Mississippi Bankers Association, and other individual banks have joined in a lawsuit challenging the final rules issued by the Consumer Financial Protection Bureau impacting overdraft regulations. Yesterday, the CFPB issued rules that manage… Read More

Affirm Gains $4 Billion Funding Commitment from Sixth Street

BNPL provider Affirm (NASDAQ: AFRM) has inked a deal with Sixth Street where the investment firm will commit $4 billion to loans originated by Affirm. This “long-term capital partnership” is expected to ramp up over three years. Affirm says this is the largest capital commitment… Read More

Upvest, an Investment Infrastructure Provider, Reports ā‚¬100 Million Series C Round

Upvest, a European investment infrastructure provider, has raised a ā‚¬100 million Series C funding round. The funding round was led by HedosophiaĀ and joined byĀ Sapphire Ventures. Existing investors also participated, including the following: Bessemer Venture Partners, BlackRock, Earlybird, HV Capital, Motive Ventures, and Notion Capital. The… Read More

London Stock Exchange Group (LSEG) Divests Stake in Euroclear

London Stock Exchange Group plc (LSEG) announces that it has completed the divestment of its 4.92% stake in Euroclearā€™s share capital to TCorp, for a “total consideration of ā‚¬455 million.” TCorp is the financial services partner of the New South Wales government. J.P. Morgan and… Read More

Fireblocks Establishes Japan Office to Support Institutional Adoption of Blockchain

Fireblocks has strengthened its presence in the Asia-Pacific region by establishing a regional office in Tokyo, Japan. According to the update from Fireblocks, Japan is said to be emerging as a key player in institutional blockchain adoption, driving Fireblocks to grow its presence by providing… Read More

Nearly 1 in 2 New Unicorns Is an AI Company – Research Report

Nearly 1 in 2 new unicorns is an AI company, according to an extensive update from CBInsights. CBInsights has reportedly examined every billion-dollar startup around the globe and breaks down what they think are emerging “areas of opportunity.” As noted in the research report from… Read More

CFPB Targets Overdraft Fees, House Financial Services Committee Says Not So Fast

The Consumer Financial Protection Bureau (CFPB) has announced a final rule that addresses the overdraft system for consumers who need credit beyond an existing balance. The new rule allows large banks several options for overdrafts: They can choose to charge $5; To offer overdraft as… Read More

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