Bitcoin, USDC stablecoin rally after US intervenes on SVB
SINGAPORE, March 13 (Reuters) – Bitcoin and other cryptocurrencies rallied on Monday after the U.S. government announced plans to contain the fallout from the collapse of...
Tagged: FINDS
Circle reassures market after stablecoin USDC breaks dollar peg
LONDON, March 11 (Reuters) – Stablecoin USD Coin (USDC) lost its dollar peg and fell to a record low on Saturday before recovering most of its...
Fintech threat to big banks eased in 2022 as prices rose – report
Feb 15 (Reuters) – The competitive threat from financial technology companies to big banks eased over the past year as rising interest rates constrained funding, a...
Crypto stocks plummet after Silvergate decides to shut down
March 9 (Reuters) – Shares in crypto-focused companies fell on Thursday after Silvergate Capital Corp ( SI.N ) revealed plans to wind down operations and voluntarily...
Instant View: Silvergate’s planned liquidation fuels another crypto rout
March 9 (Reuters) – Silvergate Capital Corp ( SI.N ), one of the largest banks in the cryptocurrency industry, said on Wednesday it plans to wind...
Crypto-focused bank Silvergate plans to liquidate after a blow from FTX
March 8 (Reuters) – Crypto-focused bank Silvergate Capital Corp ( SI.N ) said on Wednesday it plans to wind down operations and voluntarily liquidate after it...
Norway seizes USD 5.8 million worth of crypto stolen by North Korea
LONDON, Feb 16 (Reuters) – Norway has seized a record $5.8 million worth of cryptocurrency stolen by North Korean hackers last year, Norwegian police said in...
Fintech firms may struggle to find investor love in the new US IPO market
March 8 (Reuters) – The once high-flying fintech startups looking to go public will have a hard time attracting investors’ attention, even as a freeze that...
The court will hear arguments in Grayscale’s lawsuit against the SEC over bitcoin funds
WASHINGTON, March 7 (Reuters) – Federal appeals court judges are set to hear arguments on Tuesday in Grayscale Investments’ case against the US Securities and Exchange...
Pakistani fintech startup Trukkr raises $6.4 million, gets lending license
KARACHI, Pakistan, March 7 (Reuters) – Trukkr, a fintech platform for Pakistan’s trucking industry, said on Tuesday it had raised $6.4 million in a funding round...