Financial Platform News

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

Crypto

Bitcoin trades near $34,800 record following an 800% surge

Bitcoin traded 33,365 in Asia today, after soaring to a record high of $34,800 on Sunday as traders continue to bet that the electronic money is on its way to becoming a mainstream...

Bitcoin

Bitcoin rallies above $30,000 for first time

Digital currency Bitcoin expanded its record-smashing rally over the weekend, starting the year with a surge over $30,000 for the first time, together with more investors and trade...

Ant Group

China’s Ant cuts credit limits for some young Huabei users

China’s Ant Group is lowering borrowing limits for some young users of its Huabei virtual credit card product, the company said on Wednesday, a month after China frozen the f...

Crypto

Cryptocurrency exchange Coinbase files with regulators to go public

Coinbase’s statement comes as Bitcoin hit a record high on Thursday, just a day after departure the $20,000 landmark for the very first time, amid surging interest from bigge...

Bitcoin

Coinbase hit by tech trouble as bitcoin breaks $20,000 for first time

Major cryptocurrency exchange Coinbase has said its own retail and professional-focused platforms have been hit by link issues and network congestion, as bitcoin crushed by $20,000...

Wirecard

Germany promises to probe audit regulator’s Wirecard dealings

Germany has promised to research after the head of the body that regulates auditors told lawmakers he’d traded in Wirecard shares weeks before the payment services business c...

Flipkart

Flipkart and PhonePe have room for other investors, Walmart CEO says

Walmart’s Indian e-commerce company Flipkart and electronic payments firm PhonePe have room for different investors and may raise money in many ways including stock exchange ...

Stripe US FinTech

Hiring rapidly, US FinTech Stripe plots Asia expansion

US digital payments player Stripe intends to expand throughout Asia, including in Southeast Asia, Japan, China and India, after boosting its employees in the area by 40 percent to ...

Hackers

Criminals getting smarter in use of digital currencies to launder money

Criminals are becoming more sophisticated in their use of cryptocurrencies to launder cash, with hundreds of millions of dollars of filthy funds last year flowing through electroni...

Facebook

US Treasury: G7 finance officials back need to regulate digital currencies

Finance ministers and central bankers from the G7 advanced markets strongly supported the need to regulate digital monies, the US Treasury Department said in a statement on Monday ...

Crypto

Blockstack’s digital currency ‘Stacks’ to be tradable in US once new blockchain arrives

Tech company Blockstack PBC’s digital currency “Stacks” can become tradable by US investors together with the launching of its brand new blockchain early next yea...

JD.com

JD.com becomes first online platform to accept China’s digital currency

Chinese e-commerce company JD.com Inc said on Saturday it has become the nation’s first digital platform to accept Beijing’s homegrown digital currency.

Flipkart

Flipkart’s PhonePe to raise $700 million from existing investors

PhonePe, the digital payments business unit of Flipkart has said it would sell a stake to existing investors for $700 million, helping it fuel expansion at a crowded market that in...

Crypto

How American investors are gobbling up booming bitcoin

Bitcoin has grabbed headlines this week with its dizzying ascent to an all-time high. Yet, under the radar, a tendency was playing that could alter the surface of the cryptocurrenc...