Markets

The retiring head of the Monetary Authority of Singapore (MAS), Ravi Menon, recently spoke about cryptocurrencies, revealing his skepticism and grim predictions. According to the MAS’ head, private cryptocurrencies will not exist for much longer. He claims that these digital...

Card giant Mastercard recently joined a $65 million Paysend funding round with a strategic investment in support of the UK-headquartered international money transfer firm. Mastercard is also partnered with the company, as the two recently made a deal to establish...

A recent report by the Wall Street Journal says that Apple has sent a proposal to its financial partner, a leading bank, Goldman Sachs. According to the proposal, the tech giant seeks to end the credit card and savings account...

Legendary football player Christiano Ronaldo has recently been hit with a class action lawsuit of over $1 billion due to his promotion of an NFT collection with Binance, the world’s largest crypto exchange that recently got slapped with a multi-billion...

The UK’s Financial Conduct Authority has decided to improve trust in the sustainable investment market, and to do it, it made a move to clamp down on greenwashing. The UK regulator put sustainability disclosure requirements in place, as well as...

The UK union Unite recently reported that one of the nation’s leading banks, Barclays, is planning to cut 900 jobs in the UK. The union criticized the decision, calling it disgraceful. https://twitter.com/BBCNews/status/1729542941134164119 Barclays claims the cuts are a part of...

The UK’s Lloyds Bank recently added a new feature to its app — an in-app passport scanning. According to the bank, the new feature will allow its customers to be the first in the UK to be able to support...

The United Kingdom’s PaymentSense recently made headlines after it became clear that the company is seeking an Irish e-money license in order to expand, not only to be able to legally operate throughout Ireland but also as a way of...

Standard Chartered became the newest member of the group of financial institutions participating in the trials of China’s digital currency efforts. According to new reports, the bank will offer exchange services for the country’s CBDC, known as digital yuan, or...

Crypto users in Hong Kong recently fell victim to a crypto-related scam involving a platform called Hounax. The scam reportedly resulted in total losses of HK$ 148 million (US$19 million). Now, however, the victims are blaming the local securities regulator,...

Recent reports brought controversial news to light regarding a former Chief Fintech Officer at the Office of the Comptroller of the Currency. The official had presented the OCC with a false CV when seeking employment, claiming that he worked at...

Christine Lagarde, the President of the European Central Bank (ECB) recently admitted that one of her sons invested in cryptocurrencies, against her advice. However, his bet did not pay off, and he lost around 60% of the money he used....

Do Kwon, the former CEO of Terraform Labs — the company behind the collapsed Terra blockchain — is set to be extradited from Montenegro, either to the US or to South Korea. While his arrest was made months ago, in...

South Korea is almost ready to launch its CBDC pilot, and preparations have already started. According to recent reports, the country is in the process of setting up a Central Bank Digital Currency pilot that will involve 100,000 people who...

The Office of the Comptroller of the Currency (OCC) had lost one of its officials last week when it was discovered that its first chief financial technology officer, Prashant Bhardwaj, falsified his CV. According to recent reports, the former chief...