FinTech Platform News

News and analysis of FinTech and financial platforms, ranging from payment processing and credit through to retail banking and investment services.

Platform News: Binance

Binance hopes Russia will help regional growth

Binance, the world’s largest cryptocurrency exchange, wants to expand in Russia and neighbouring states where it sees prospects for new regulations that will boost its busine...

Facebook is Meta

Facebook’s cryptocurrency venture to wind down and sell tech assets

Meta Platforms Inc’s digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp for about $200 million, ...

Platform News: Apple logo on the side of a building

Apple to let iPhones accept credit cards without extra hardware

Apple Inc is planning a new service that will allow small businesses to accept payments directly on their iPhones without any extra hardware, Bloomberg News reported on Wednesday, ...

Platform Industry: SAP software logo

Software group SAP to buy majority stake in US FinTech firm Taulia

SAP has said it has agreed to buy a majority stake in privately held US FinTech firm Taulia as the German business software group seeks to expand its presence across supply-chain f...

BNPL

Buy now, pay later firms Zip, Sezzle confirm merger talks

Buy now, pay later (BNPL) firm Sezzle Inc is in talks to be acquired by larger Australian rival Zip Co Ltd, the companies has said, sending shares of Sezzle soaring 23% during the ...

Platform News: NFT

Marketplace bug sees at least $1 million of NFTs sold below market price

A bug in the largest NFT marketplace, OpenSea, allowed attackers to purchase at least $1 million worth of NFTs across multiple different wallets for significantly below market pric...

Platform News: Bitcoin and the rise of cryptocurrencies

Teenage bitcoin throws an interest rate tantrum

Bitcoin is growing up. The original cryptocurrency turns 13 this year and is showing signs of becoming a more mature financial asset – but watch out for the teenage tantrums.

Afterpay

Afterpay’s meteoric rise as a lending pioneer

Block Inc, formerly Square Inc, is set to complete its acquisition of buy now, pay later (BNPL) company Afterpay Ltd by Feb. 1, one of the biggest takeovers in Australian history.

Platform News: Bitcoin and the rise of cryptocurrencies

Bitcoin investors dig in for long haul in ‘staggering’ shift

As bitcoin heads into 2022, a growing cohort of long-term investors is doubling down on its stashes of the cryptocurrency, hoping a December dip was merely a festive blip.

Platform Industry: Bitcoin and digital currencies

Spain moves to rein in crypto-asset advertising

Spain has moved to regulate rampant advertising of crypto assets, including by social media influencers, tasking the stock market supervisor with authorising mass campaigns and mak...

Chinese Flag

China’s digital yuan wallets swell but usage lags

China’s digital currency has debuted on app stores with fanfare, with online wallets for the electronic yuan seeing mass adoption in the two weeks since a public launch, yet ...

Platform News: FinTech trading app Robinhood

Robinhood to permanently shift most employees to remote working

Robinhood has said it plans to move a majority of its 3,400 employees to remote work permanently, joining a slew of top tech firms embracing a hybrid culture.

Crypto Coins

Digital pound could hit financial stability and erode privacy

A digital pound used by consumers could harm financial stability, raise the cost of credit and erode privacy, though a version for wholesale use in the financial sector demands gre...

Platform News: Bitcoin and the rise of cryptocurrencies

Macro and technical headwinds accrue for bitcoin

A weak start to 2022 and a host of looming macro and technical headwinds are setting cryptocurrencies up for a rough ride in the weeks to come.

Crypto Coins

Cryptocurrency crime in 2021 hits all-time high in value

Cryptocurrency-linked crime surged to a record high last year in terms of value, with illegal addresses receiving $14 billion in digital currencies, up 79% from $7.8 billion in 202...