FinTech Platform News

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

Crypto Coins

Crypto firms Tether and Bitfinex to pay $42.5 million to settle US CFTC charges

Cryptocurrency Tether and crypto exchange Bitfinex will pay $42.5 million to settle civil charges from the US Commodity Futures Trading Commission over allegedly making misleading ...

Russian President Putin

Putin says crypto currencies too unstable to be used for oil contracts

Russian President Vladimir Putin said that crypto currencies were too unstable to be used to settle oil contracts but that they still deserved a place as a means of payment.

Digital currencies

G7 finance officials endorse principles for central bank digital currencies

G7 finance officials have endorsed 13 public policy principles for retail central bank digital currencies, saying they should be grounded in transparency, the rule of law and sound...

Platform Industry: Bitcoin and digital currencies

US becomes largest bitcoin mining centre after China crackdown

The United States has overtaken China to account for the largest share of the world’s bitcoin mining, data published by the UK’s Cambridge Centre for Alternative Financ...

Global Payments

Global Payments Chief Executive says its open to big deals again

Global Payments Inc CEO Jeff Sloan has said in an interview he would be open to a large acquisition again, two years after acquiring peer TSYS in a $21.5 billion all-stock deal, wh...

Bitcoin

JPMorgan’s Dimon blasts bitcoin as ‘worthless’, due for regulation

Jamie Dimon, the co-CEO of banking titan JPMorgan Chase & Co has said at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitco...

Platform News: Bitcoin and the rise of cryptocurrencies

White House weighs broader oversight of cryptocurrency market

The White House is considering a wide ranging oversight of the cryptocurrency market to combat the growing threat of ransomware and other cyber crime, a spokeswoman has said.

Platform News: Binance

Crypto exchange Binance says Ireland is part of its HQ plans

Major cryptocurrency exchange Binance sees Ireland as part of its plans to establish a number of headquarters across the world, its Chief Executive Officer has told journalists.

Platform News: FinTech trading app Robinhood

Robinhood introduces 24/7 phone support after communications criticisms

Robinhood Markets Inc has said it had introduced 24-hour customer phone support, seven days a week, addressing criticisms over the app-driven retail brokerage’s communication...

Platform News: Binance

Binance trading volumes soar despite regulatory crackdown

Trading volumes at major cryptocurrency exchange Binance soared between July and September, suggesting a recent crackdown by regulators across the globe has had little impact on th...

Platform News: Coinbase

Coinbase says hackers stole cryptocurrency from at least 6,000 customers

Hackers stole from the accounts of at least 6,000 customers of Coinbase Global Inc, according to a breach notification letter sent by the cryptocurrency exchange to affected custom...

Crypto Coins

New money: Central banks lay out operating manual for digital cash

A group of central banks sketched out a potential operating manual for digital cash on Thursday as they aim to strike a balance between keeping up with cryptocurrencies and concern...

Cryptocurrencies China

CoinShares data: Cryptocurrencies see sixth straight week of inflows

Cryptocurrency investment products and funds posted inflows for a sixth consecutive week, as investors viewed recent regulatory challenges in the sector as buying opportunities, da...

EU and US

EU says US trade, tech council to boost its clout, set rules for 21st century

The US-EU Trade and Technology Council will give the declining EU more clout and set standards and rules for the 21st century, the EU’s trade and digital chiefs said, undersc...