FinTech

A select few firms, including Revolut and Copper, will be allowed to continue trading after a temporary register closes Friday, the FCA said.

Ronin Network said in a blog post on Tuesday that it lost around $615 million in USDC and ethereum.

British Finance Minister Rishi Sunak is expected to announce a new regulatory regime for crypto in the coming weeks, sources tell CNBC.

ExxonMobil has been working with Denver-based Crusoe Energy Systems to mine bitcoin in North Dakota.

Russia might accept bitcoin as payment for its oil and gas exports as Western countries stiffen their sanctions on Moscow.

Several companies, including Revolut and Copper, could soon be forced to wind down their crypto activities in Britain.

Credit Kudos develops software that uses consumers’ banking data to make more informed credit checks on loan applications.

Nearly a quarter of Ukraine’s population has been forced from their homes in the last four weeks. Many have turned to cryptocurrency.

The U.K. Advertising Standards Authority has told more than 50 crypto firms to make sure they are in compliance with the rules.

ConsenSys has raised $450 million in a funding round backed by the likes of Microsoft, SoftBank and Temasek.

Nations are likely to look for alternative payment systems to reduce their current dependence on the dollar, says Richard Turrin.

“There’s this new type of excitement about putting your money to work for you,” said Flori Marquez, the founder of BlockFi, a cryptocurrency trading platform.

Trading in nonfungible tokens hit $17.6 billion last year, an increase of 21,000% from 2020, according to a report from Nonfungible.com.

U.S. President Joe Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies.

The controversial service was shut down in 2010 following a lengthy legal battle with the Recording Industry Association of America.

In a letter addressed to the Ukrainian government, PayPal CEO Dan Schulman said the company was suspending its services in Russia.

Donations in cryptocurrencies such as bitcoin and ethereum are pouring into Ukraine as the war with Russia enters its second week.

Boku was early in the mobile payments space and it expects the market to continue to grow with trends like web3 and despite threats from cryptocurrency.

In 2014, Amazon launched a competitor to Block. The company was “terrified,” according to co-founder Jim McKelvey. But it didn’t give up.

Washington takes aim at Russia’s access to digital cash as the U.S. and its allies levy heavy punitive measures against Moscow.