May 6, 2026 @ 1:17 am By Omar Faridi  |  

KPMG UK noted in its latest commentary on the Bank of England’s March 2026 Money and Credit statistical release, KPMG UK has offered a nuanced assessment of the UK’s lending landscape. Karim Haji, Global and UK Head of Financial Services at KPMG, described an economy… Read More

May 6, 2026 @ 12:16 am By Tony Zerucha  |  

The Cari Network has entered into a strategic partnership with Tassat, developers of a blockchain-based tokenized deposit network. Cari will incorporate select Tassat technologies and technical expertise into its platform, accelerating the development of Cari’s tokenized deposit network and the delivery of always-on, programmable payments… Read More

May 5, 2026 @ 11:33 pm By Omar Faridi  |  

SBI Holdings, a Japanese financial services conglomerate, has launched formal discussions to acquire a significant stake in Bitbank, one of the country’s major cryptocurrency exchanges. The move, announced earlier this week, reflects the group’s broader strategy to strengthen its presence in the digital asset space… Read More

May 5, 2026 @ 3:47 pm By JD Alois  |  

Agentic eCommerce firm ZyG has raised $60 million in a Series A funding round led by Accel. Sonali De Rycker, partner at Accel, will be joining the ZyG board of directors. Other investors include Felix Capital, as well as new and existing investors. ZyG claims… Read More

May 5, 2026 @ 3:35 pm By Omar Faridi  |  

Wise (LON:WISE) has rolled out a new Interest feature for its customers in Canada, marking the first time a provider in the country has allowed users to earn competitive returns on balances held in multiple currencies—all within a single, unified multi-currency account. The cross-border payments… Read More

May 5, 2026 @ 3:34 pm By Omar Faridi  |  

On May 4, 2026, the Depository Trust & Clearing Corporation (DTCC) announced major headway in building a new tokenization platform through its subsidiary, The Depository Trust Company (DTC). More than 50 financial organizations from both established markets and emerging digital sectors have joined the DTCC… Read More

May 5, 2026 @ 3:32 pm By Omar Faridi  |  

World Liberty Financial has filed a defamation lawsuit against prominent blockchain entrepreneur Justin Sun. The action, lodged on May 4 in Florida’s Eleventh Judicial Circuit Court for Miami-Dade County, accuses Sun of orchestrating a deliberate campaign of misleading public statements designed to undermine the project’s… Read More

May 5, 2026 @ 2:10 pm By JD Alois  |  

Speaking with CNBC today, Citadel founder and CEO Ken Griffin said that, as a direct consequence of the socialist Mayor of New York City, Zohran Mamdani, Citadel will move more jobs to Miami. Griffin said they have filed with the city of Miami to expand… Read More

May 5, 2026 @ 1:55 pm By JD Alois  |  

Legacy banks continue to complain about the possibility of stablecoin yield or rewards included in the CLARITY Act. While banks use fear, uncertainty, and doubt to warn that they will not be able to lend money to consumers and businesses if stablecoin holders earn yield,… Read More

May 5, 2026 @ 1:44 pm By Omar Faridi  |  

Decentralized finance, or DeFi, has been a hot buzzword for the past 7 years. Although DeFi total-value-locked or TVL has surged dramatically over the years from merely $500 million (roughly speaking) in 2018 to currently in the tens of billions of dollars (according to available data), the… Read More

May 5, 2026 @ 1:42 pm By Omar Faridi  |  

Nansen noted that Avalanche continued to solidify its role as a high-performance Layer-1 blockchain in the opening quarter of 2026. Engineered for rapid finality, low fees, and flexibility, the network—developed by Ava Labs—relies on a unique consensus mechanism and supports tailored blockchains through its AvaCloud… Read More

May 5, 2026 @ 1:41 pm By Omar Faridi  |  

Canada’s largest banks are advancing negotiations to offload their long-standing payments processing partnership. The Royal Bank of Canada and the Bank of Montreal are reportedly engaged in advanced discussions to transfer ownership of their jointly held enterprise, Moneris, to the U.S. private equity firm Francisco… Read More

May 5, 2026 @ 11:13 am By JD Alois  |  

Anthropic has announced dedicated AI agents for the financial services sector. The company stated that it can now automate time-consuming tasks such as building pitchbooks, writing credit memos, screening KYC files, and closing the books at month-end. These services are being sold as individual plugins… Read More

May 5, 2026 @ 10:58 am By JD Alois  |  

Last month, the European Union published a report on wealth taxation, a topic that has been front and center not only in Europe but in the United States. One portion of the discussion concerns how exit taxes could affect decisions to vote with your feet… Read More

May 5, 2026 @ 9:58 am By JD Alois  |  

Payments platform RS2 says it has established a long-term agreement with a major financial services partner in Latin America to expand its footprint. RS2 did not disclose the firm’s name. The company states that the partnership will broaden RS2’s regional footprint. RS2 is poised to… Read More

May 5, 2026 @ 9:52 am By Omar Faridi  |  

Meta (Facebook) (NASDAQ:META) has started with supporting stablecoin payouts to certain social media content creators, effectively enabling them to accept earnings in Circle’s USDC on the Solana or Polygon crypto networks. In the past, Meta has been known to aggressively pursue a range of (mostly unsuccessful)… Read More

May 5, 2026 @ 9:00 am By JD Alois  |  

Prediction market platform Kalshi has partnered with Mesh to enable crypto payouts and deposits, according to a company statement. Mesh is expected to enable Kalshi to connect with over 300 wallets and exchanges, including Coinbase, Binance, MetaMask, and others. The partnership is being described as… Read More

May 5, 2026 @ 8:45 am By JD Alois  |  

The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, and Independent Community Bankers of America issued a shared comment on the language regarding the compromise on stablecoin yield. This is the single biggest hurdle for the passage of the CLARITY Act, crypto… Read More

May 5, 2026 @ 8:14 am By JD Alois  |  

Coinbase (NASDAQ:COIN) has announced it will slash employee headcount just days in advance of its Q1 2026 earnings report. According to an email distributed by Coinbase CEO Brian Armstrong, the company will cut its workforce by 14%. At the end of 2025, Coinbase reported 4,951… Read More

May 5, 2026 @ 7:58 am By Omar Faridi  |  

Tether Gold (XAU₮), the tokenized gold product worldwide, has crossed a major threshold by pushing its total market value above $3.3 billion. This achievement stems from a robust 36 percent expansion in its physical gold reserves during the first quarter of 2026, as investors increasingly… Read More