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Tag: banking

Posted on 01/10/2021

Central bank digital currencies may not replace crypto, BIS says

Central banks are jostling with private-sector operators of stablecoins to dominate digital money and protect consumers, the global body for policymakers has said. Private digital assets could coexist ... ( read original story ...)

Posted on 01/10/2021

Crypto-friendly senator Cynthia Lummis warns stablecoins must be fully cash-backed and regulated

Some stablecoins have generated controversy over whether their cash reserves are safe enough for a cryptocurrency supposedly equivalent to a dollar. ( read original story ...)

Posted on 30/09/2021

Billionaire investor Orlando Bravo says he’s very bullish about bitcoin – and asks ‘How could you not love crypto?’

Private equity billionaire Orlando Bravo said: "Crypto is just a great system. It's frictionless. It's decentralized." ... ( read original story ...)

Posted on 30/09/2021

Crypto Firms Beef Up Compliance Hiring as Regulatory Scrutiny Mounts

The hunt for crypto-focused compliance executives has intensified in recent months as the industry faces growing regulatory pressure, both in the U.S. and abroad. ( read original story ...)

Posted on 30/09/2021

Affirm’s ‘super-app’ ambitions win praise as company plots debit, crypto moves

Affirm Holdings Inc. is joining the ranks of fintech companies vying for "super-app" status as the company plans a series of feature introductions that ... ( read original story ...)

Posted on 30/09/2021

Japanese smart lock developer Photosynth files for IPO

Takeshi Hiano Tokyo-based Photosynth, the Japanese startup developing and offering smart lock Akerun as well as cloud-based room-entry access control ... ( read original story ...)

Posted on 30/09/2021

Japan’s Nikkei extends falls, but marks best month in 10

Japan's Nikkei share average wrapped up on Thursday its best month since November 2020 even as markets fell for a fourth straight session on concerns over China's economic growth due to a worsening ... ( read original story ...)

Posted on 30/09/2021

Japan’s Kishida moves to retain Aso as deputy PM, finance minister – Jiji

Japan's presumptive next prime minister, Fumio Kishida, has started making arrangements to retain Taro Aso as deputy premier and finance minister in the new cabinet, Jiji news agency reported on ... ( read original story ...)

Posted on 30/09/2021

Crypto Isn’t ‘The Second Coming’—Tesla’s Elon Musk Issues Serious Bitcoin Warning After China Crashed The Price

Tesla chief executive Elon Musk has warned he doesn't think crypto is "the second coming of the Messiah," adding it's "possible for governments to slow down [bitcoin and crypto's] ... ( read original story ...)

Posted on 30/09/2021

The US network of bitcoin ATMs is vulnerable to hacks, according to crypto exchange Kraken

Bitcoin ATMs may seem like a safe proposition, but a report by crypto exchange Kraken showed the network in the United States is vulnerable to hacks. ( read original story ...)

Posted on 30/09/2021

Japan’s Rakuten Group to Start Preparing for Bank Unit IPO

TOKYO (Reuters) -Japanese mobile phone services and online shopping mall operator Rakuten Group Inc said it will start preparing for an initial public offering of the group's online banking unit, as ... ( read original story ...)

Posted on 30/09/2021

Japan’s Rakuten prepares to take online banking unit public

Rakuten Group on Thursday said it is preparing to publicly list shares in online banking subsidiary Rakuten Bank in a move that would raise funds for its fastest-growing segment as the wider group ... ( read original story ...)

Posted on 30/09/2021

Japan e-commerce giant Rakuten to list online bank

Japanese e-commerce firm Rakuten Group Inc said on Thursday it is preparing to list its online banking unit, raising funds as it soaks up losses incurred from building its low-cost mobile ... ( read original story ...)

Posted on 30/09/2021

U.S. should do ‘exact opposite’ of China on crypto, says Andreessen Horowitz’s Katie Haun

At CNBC's Delivering Alpha conference on Wednesday, investor Katie Haun said the U.S. should see China as a cautionary tale when it comes to regulating crypto. ( read original story ...)

Posted on 30/09/2021

Affirm says crypto investing will soon be available to customers with savings accounts

Affirm CEO said Tuesday night that "consumers will be able to buy and sell crypto directly from their savings account." ... ( read original story ...)

Posted on 30/09/2021

Bank of Japan to maintain ultra-flexible measures despite gov’t change

Tokyo, Sep 30 (EFE).- Bank of Japan Governor Haruhiko Kuroda said Thursday that the entity would maintain its ultra-flexible monetary policy regardless of economic measures the imminent Japanese Prime ... ( read original story ...)

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