Aimed at empowering young people and improving financial literacy, Revolut has revamped its junior account.
There is no need to regulate stablecoin issuers as banks (because they will not provide credit) but instead to regulate them under something like the European electronic money regime....
CFPB Director Rohit Chopra launched an inquiry into so-called “junk fees,” with bankers and lenders countering that the fees they charge are related to specific types of work performed and that existing laws already prohibit excessive fees.
Inter-bank payments platform Swift says it is a step closer to adopting blockchain; a project that could potentially move member bank accounts to the blockchain and provide for real time reconciliation is now ready for its next phase; the project is focused on dormant funds held in various currencies supporting transactions. Source
India-headquartered software-as-a-service (SaaS) Fintech ClearTax has acquired $75 million in funding via a Series C round. ClearTax's investment round has been finalized in order to support the firm’s business expansion into the MENA region. The company said it would also enable ClearTax to further diversify
Affirm produced a solid earnings report with 48% revenue growth and the company now has more than 17 million active customers
Several factors are contributing to rising rates of BNPL fraud, Sift's trust and safety architect Brittany Allen said. Through its end-to-end Digital Trust and Safety Platform, Sift helps clients proactively stop fraud at crucial transaction points while fuelling growth.
As CoinDesk reports Chinese publication Caixin said that the PBOC did not hold a meeting on shutting down mining activities; the meeting was supposed to be held on January 3rd and meant to focus on banning mining; the news means that the Chinese government is taking a more agnostic approach to bitcoin mining, not endorsing it but at the same time not banning it; more concrete news should surface in the coming months, for now firms like Bixin and ViaBTC will keep operating. Source.
Since the FTX meltdown, centralized exchanges in the DeFi space are rushing to publish PoRs, but without liability data, are they relevant?
Munich-based robo-advisor Scalable Capital has closed a Series D investment round of €50 million ($58 million) at a post-money valuation...