Cryptoverse: Big investors return to bitcoin
Jan 31 (Reuters) – Big investors are dipping their toes back into crypto waters after a bumper month for bitcoin. Investment products for digital assets, often...
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How Ant fell into fintech’s middle-income trap
HONG KONG, Feb 9 (Reuters Breakingviews) – It has been almost a decade since the company now known as Ant turned China’s clumsy financial system on...
Tough road ahead for US fintech lenders as default risk rises
Jan 13 (Reuters) – U.S. fintech companies that lend to consumers with impaired credit scores face a tough year as rising defaults and interest rates limit...
Revolut nears completion of 2021 accounts as fintech seeks UK license – sources
LONDON, Jan 13 (Reuters) – Fintech firm Revolut Ltd. is close to completing its extended financial statements for 2021, a move that could pave the way...
Cryptoverse: Boom or Bust? $30k or $5k? Play bitcoin roulette
Dec 13 (Reuters) – Plucky bitcoin has held steady since seeing off the chaos of the FTX collapse, rallying its strength to rally towards the dizzying...
Cryptoverse: Forget crypto winter, this is a bitcoin ‘bloodbath’
Dec 6 (Reuters) – “I’m almost bankrupt,” said Jad Fawaz, a crypto trader in Abu Dhabi. “I’m laughing because there’s no point in exerting more depression...
ECB says Bitcoin is artificially backed, should not be legitimized
FRANKFURT, Nov 30 (Reuters) – Bitcoin is being artificially propped up and should not be legitimized by regulators or financial firms as it is heading towards...
US banking regulator warns against crisis risk from fintech proliferation
NEW YORK, Sept 7 (Reuters) – The rise of fintech services and digital banking could spur financial risk and potentially a crisis in the long term,...
Exclusive: China to fine Ant Group over $1 billion, signaling renewal nearing end sources
HONG KONG, Nov 22 (Reuters) – Chinese authorities are poised to fine Jack Ma’s Ant Group more than $1 billion, six sources with direct knowledge of...
Analysis: US banks pounce on fintech deals as valuations plunge
NEW YORK, Nov 17 (Reuters) – Financial technology companies, long seen as a threat by the likes of JPMorgan Chase & Co ( JPM.N ), are...