Recent events have reinforced the Office of the Comptroller of the Currency (OCC) position that lenders must ask permission before participating in the cryptocurrency industry and must show that such activity would be totally safe, the acting head of the agency reportedly said Wednesday (Sept....
If there’s one constant for FinTechs in general, and crypto and buy now, pay later (BNPL) firms in particular, it’s this: volatility. For the digital-first and digital-only firms seeking to change how banking is done and commerce is conducted, the regulatory gaze is tightening. Consumers’ tastes...
Voyager Digital, the crypto broker, has reportedly gotten loans from Alameda Research, which is a trading outfit formed by FTX founder Sam Bankman-Fried, a Bloomberg report said. This will go toward more protection for customer assets while there’s volatility in the digital asset market. Voyager...
Bitcoin had a turbulent weekend, rising to $12,112 in value just after midnight on Sunday (Aug. 2), and then falling to $10,638 just 30 minutes later, Bloomberg reported. The high was bitcoin’s best rate since August of last year, according to Bloomberg’s estimation. As of...
August 18, 2022
If there’s one constant for FinTechs in general, and crypto and buy now, pay later (BNPL) firms in particular, it’s this: volatility. For the digital-first and digital-only firms seeking to change how banking is done and commerce is conducted, the regulatory gaze is tightening. Consumers’ tastes are changing. Inflation is roaring, which means it’s more expensive […]
September 10, 2019
Where there are exchanges — where assets change hands between buyers and sellers — there are myriad ways to make money. Maybe on the trading itself. In the land of...
October 18, 2018
Volatility in the stock markets and rising rates may have ripple effects — among them a greater amount of risk tied to FX transactions. Karl Schamotta, chief market strategist at...
October 04, 2022
Europe plans to use every means it can to keep its financial system stable amid threats to its energy supplies with Russia’s war in Ukraine still ongoing, Bloomberg wrote. The report cited EU financial services commissioner Mairead McGuinness saying that while the financial system has been strong so far, between both the pandemic and the […]
September 07, 2022
Recent events have reinforced the Office of the Comptroller of the Currency (OCC) position that lenders must ask permission before participating in the cryptocurrency industry and must show that such...
June 19, 2022
Voyager Digital, the crypto broker, has reportedly gotten loans from Alameda Research, which is a trading outfit formed by FTX founder Sam Bankman-Fried, a Bloomberg report said. This will go...
August 02, 2020
Bitcoin had a turbulent weekend, rising to $12,112 in value just after midnight on Sunday (Aug. 2), and then falling to $10,638 just 30 minutes later, Bloomberg reported. The high...
