Buterin has been both the golden child of crypto, and the recipient of some of the most trenchant criticism. For a bit of fun, he decided today was the day he wanted to dig some notable digs up and share them with his Twitter followers. Ethereum co-founder Vitalik Buterin asked for, and received in spades, … Read more
Former President Barack Obama is calling on the Senate to “do the right thing” and pass voting rights legislation, backing President Joe Biden’s push to change Senate filibuster rules to do so.
A group of U.S. banks will offer its own stablecoin, USDF, as it tries to beat concerns about the reserves behind equivalents from nonbanks, according to a Wednesday (Jan. 12) CoinDesk report. The group is made up of institutions backed by the Federal Deposit Insurance Corp (FDIC), which is one of the biggest regulators in … Read more
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has explained how securities laws apply to cryptocurrency tokens as he outlined the commission’s priorities in regulating the crypto space. “Our role at the SEC is to ensure that the public still gets basic protection,” he stressed. SEC Chair Gary Gensler on Cryptocurrency … Read more
Decentralized credit protocol Goldfinch has raised $25 million in a Series A extension round led by Andreessen Horowitz, per a Thursday (Jan. 6) report from CoinDesk. Goldfinch is an open market for loans without collateral, making use of a loan underwriting process and extending credit lines to lending businesses. Those businesses can then draw stablecoins … Read more
China today (Jan. 4) released its digital yuan wallet on Apple’s App Store and on Google Android app stores in the country. The e-CNY app is currently a pilot version available to customers of financial institutions supporting the project, including most major banks. However, the public release of the digital wallet is another clear sign … Read more
Payment products innovations company Rêv has debuted its X World Wallet, an app-based multi-currency debit account, nationwide in the United States, according to a Tuesday (Jan. 4) press release. X World Wallet comes with a loyalty program, a travel bookings portal and discounts, along with an integrated global sustainability initiative. The wallet can be loaded … Read more
In a global landscape characterised by regulatory complexity and scrutiny, regulators are ‘cracking down’: tolerance for poor quality data and reporting errors is fast declining, and the time for turning a blind eye is over. Regulators can help financial institutions by proving the benefits of high data quality However, this increased regulatory focus has not … Read more
From the NYC LendIt office, the end of 2021 feels all too familiar. The first full calendar year of the pandemic came and went and landed most of us right back where we started. Again, a wave of cases from some new strain puts many of us into the waiting game, stuck at home until … Read more
In a report released Wednesday (Dec. 22), the Federal Reserve said that payment behavior saw a massive, pandemic-driven shift in 2020. As in-person commerce dwindled, in-person card payments also fell. As a result, there were around 11.7 billion fewer payments made, which is the first one-year decline of in-person payments in the Fed’s data. However, … Read more