Fintech news

Does Clippy have a meme coin? No, but followers of Microsoft’s X account might have thought so on Thursday when the tech giant’s access was hijacked to promote an unauthorized crypto token.   On Thursday, Microsoft’s official X account began making surprising moves, including following an account promoting an unofficial meme coin inspired by the

Aave founder Stani Kulechov is criticizing proposals from European regulators that could extend restrictions on stablecoin yield and place new controls around access to DeFi. MiCA Review Puts DeFi Access in Focus Aave founder Stani Kulechov is warning that Europe risks regulating the openness of decentralized finance. Kulechov shared an X thread on Friday expressing

Following the U.S. Senate’s failure to reach the 60 votes required to pass the CLARITY Act, Stand With Crypto has unveiled an expanded slate of pro-crypto candidates it’s backing in the midterm elections.   Stand With Crypto Endorses Bipartisan Candidates Ahead of Midterm Elections Stand With Crypto (SWC), an American crypto advocacy organization, has said

Most bitcoin treasury companies follow the buy-and-try-to-hold model pioneered by Strategy, the publicly traded giant with nearly $72 billion worth of BTC. But a new entrant to the space says it already plans to sell acquired assets in an effort to beat bitcoin’s price moves. A Different Kind of Strategy On Friday, Supercycle Finance announced

Blast, a once-buzzy Ethereum Layer 2 network, is set to shut down later this month after a dramatic decline in activity left the scaler too costly to maintain. Blast Heads for the Exits Launched in early 2024, Blast hailed from the founder of NFT marketplace Blur, Tieshun “Pacman” Roquerre, and arrived with backing from prominent

Solana ETFs have overtaken XRP products in total net assets after an eight-day inflow streak brought in nearly $254 million. The shift is notable because SOL still has a smaller market capitalization than XRP, yet its ETF complex now represents a much larger share of the underlying token’s value. $254M in 8 Days Sees Solana

Driven by weak U.S. employment data and a major SEC regulatory proposal, bitcoin briefly reclaimed $87,000 for the first time since Sept. 23. Back near $85,000 as of this writing, bitcoin remains up over the last day. Bitcoin Reclaims $87,000 Amid Weak Labor Data In price action likely to fuel “Uptober” sentiment, the price of

A former U.K. National Crime Agency officer, Paul Chowles, has been ordered to repay approximately $2.38 million for stealing 50 bitcoin seized during the investigation of the Silk Road 2.0 dark-web marketplace.   Dark Web Theft and Asset Laundering A disgraced former National Crime Agency officer who stole seized cryptocurrency following an investigation into the

SBI Holdings has taken full ownership of Bitbank on Oct. 1, folding one of Japan’s busiest XRP markets into one of Ripple’s oldest partners in Asia. The Deal The final share transfer went through on Oct. 1, making Bitbank a wholly owned subsidiary of SBI. The price tag was approximately $290 million (¥46.7 billion), the

South Korea is laying the regulatory groundwork to bring stocks, bonds, funds and fractional securities onto blockchain infrastructure from February 2027. New FSC Rules Aim to Move Stocks and Bonds Onchain South Korea is preparing to move a significant portion of its traditional financial market onto blockchain rails. The Financial Services Commission has proposed regulations