250% Growth Propels Ripple XRP Towards $8 Target
Reports revealed that Ripple's XRP has grown in price by over 250% in the past three months, drawing attention from crypto investors. Analysts have predicted the price might rise to $8 in the coming months. Ripple Chief Executive Officer Brad...
Agrocomplex Labinsky Acquired By VTB Bank For Strategic Investment
VTB, Russia's second-biggest lender, has acquired Agrocomplex Labinsky, which handles the assets of the Pokrovsky agroholding. The bank plans to make the asset more attractive and sell it for a profit in the near future, according to the group. Until...
Banks And Business Groups Sue The Federal Reserve Over Stress Tests
A number of top banks and business groups have sued the Federal Reserve because of the way it runs its annual stress tests. The lawsuit is being led by the Bank Policy Institute (BPI), which stands for large banks like...
YCM-Invest Reports £808,513 In Revenue For First Nine Months Of 2024
YCM-Invest reported that it earned £808,513 in revenue during the first nine months of 2024, which ended on September 27. The company also revealed a profit of £319,478 for the same period. This announcement came only a week after it...
EPC Requests Proposals For API Test Toolbox To Verify Payees
The European Payments Council (EPC) has reportedly issued a Request for Proposals (RFP) to create an API Test Toolbox for its Verification of Payee (VOP) scheme. Reports revealed that this scheme will help Payment Service Providers (PSPs) in the European...
Former FTX Executives See Reduced Prison Sentences
Caroline Ellison and Ryan Salame, former executives of the bankrupt cryptocurrency platform FTX, have reportedly had their prison sentences shortened. According to reports, this was due to their good behavior as inmates and cooperation with prosecutors. Both pleaded guilty to...
New Rules In Turkey Aim To Prevent Money Laundering
Turkey has introduced new cryptocurrency rules, taking inspiration from international regulations like Europe’s Markets in Crypto Assets (MiCA). The rules aim to control cryptocurrency transactions and help fight issues like money laundering and terrorism financing. A document, published on December...
Bitcoin Gains Ground As Russia Approves Its Use In Trade
Anton Siluanov, Russia's finance minister has shared that local companies are already using bitcoin and other digital money for cross-border transactions. This announcement came after the government changed the rules to let companies use crypto to work around sanctions, according...
SBI VC Trade To Take Over DMM Bitcoin Accounts
SBI VC Trade, a well-known Japanese cryptocurrency exchange, has confirmed it will accept customer accounts and assets from DMM Bitcoin. DMM Bitcoin, part of the DMM.com Group, faced serious problems after a cyberattack earlier this year. After the incident, the...
India’s changing stance on crypto attracts Binance’s focus
India has gone a long way regarding crypto in the past five years or so. The country initially attempted to ban the crypto industry in 2019, only for it to have a major change in stance and sentiment by 2024,...
Financial fraud skyrockets in France: Victims lose a minimum of €500 million per year
France has seen a surge in financial fraud and scams, with the country’s authorities claiming that the victims are losing a minimum of €500 million per year. However, despite the fact that the figure is quite massive, the country’s authoritative...
Innovate Finance’s official says the UK received more fintech funding than the rest of Europe combined
Roberto Politano, the Chief Marketing Officer at Innovative Finance, recently spoke about the state of the UK fintech. In a recent interview at FMLS:24, Politano pointed out that the UK’s fintech sector is the leader in terms of capital investment...
Revolut downloads surpass legacy banks in the UK
The UK is seeing a major shift in online banking, as the local neobanks have surpassed traditional banks in mobile app downloads. This is the first time this has happened, and it represents a major achievement for the emerging challenger...
South Korea Sees Crypto Rise After Trump Wins US Election
Crypto holders in South Korea reportedly increased in November after Donald Trump became the President of the United States. On Dec. 25, the number of people using crypto in the country rose by 610,000. Representative Lim Kwang-Hyun from the Democratic...
RFP Issued By EPC For API Toolbox Aimed At Payee Verification
The European Payments Council has issued a request for proposal (RFP) for an API Test Toolbox to help with the Verification of Payee (VOP) plan. The VOP scheme, created by the EPC, will start on 5 October 2025. It gives...