Coinbase to cut 950 jobs and shut down several projects
Coinbase CEO and co-founder Brian Armstrong says he is “still optimistic about our future and the future of crypto”.
Cryptocurrency
Beyond Bitcoin: why developing nations should look to stablecoins
With stablecoins, emerging economies could potentially build more inclusive and fairer monetary systems.
Zodia Custody names Julian Sawyer as its new CEO
Sawyer has previously served as CEO of cryptocurrency exchange Bitstamp, and was co-founder of Starling Bank.
Crypto API provider Wyre reportedly shuttering
The news comes after Wyre was set to be acquired by e-commerce checkout fintech Bolt in April last year for $1.5bn.
Silvergate reveals depleted deposits, significant layoffs, and impairment charges
Silvergate Capital’s share value dropped by over 40% in response to the financial results.
Coinbase hit with $50m fine for “significant” compliance failures
Coinbase has also been ordered to invest an additional $50m into its compliance programme over the next two years.
Finnish crypto firm Coinmotion lands Bank of Spain authorisation
The Bank of Spain has initiated registration for crypto providers as it seeks to clamp down on money laundering.
US agencies outline risks of crypto to banking system
In a year marked by “significant volatility”, the agencies highlight a number of risks banks should consider.
DLT in 2023: out of the blocks
What does 2023 have in store for distributed ledger technology (DLT)?
2022: Top five crypto developments
FinTech Futures takes a look back at some of the year’s top crypto developments and stories.
Ten fintech predictions for the year ahead
2023 will be another year of fintech innovation and growth.
2022: Top five fundraising rounds of the year
FinTech Futures recaps the top five fundraising rounds this year.
2022: Top five regulations and fines
FinTech Futures takes a look back at some of the year’s top regulatory stories of 2022.
2022: The year of fintech job cuts
FinTech Futures takes a look back at a bruising year of job cuts in fintech.
Ethereum-focused Aztec Network lands $100m Series B
The Series B was led by a16z crypto and saw participation from A Capital, King River, Variant, and others.
Crypto exchange Binance.US to acquire Voyager assets in $1bn deal
Voyager says the bid “sets a clear path forward” for customer funds to be unlocked “as soon as possible”.
The What the FinTech? podcast | Season three’s jailed buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
What the FinTech? | S.3 Episode 20 | 2022 in review
In the final episode of the year, we take a look at some of the biggest fintech trends of 2022.
Bitcoin Group to buy Germany’s Bankhaus von der Heydt
The deal is expected to close in Q3 2023.
Circle scraps proposed SPAC deal with Concord
Termination of the merger was approved by the board of directors of both Concord and Circle.
Not how, but where: the next payments revolution
The future will bring many metaverse ‘realms’ operating across borders, each with their own digital tokens.
Reflections on 2022
As we hurtle towards the end of the year, let’s take a look at how my forecasts for 2022 have turned out.
Keyrock lands $72m in Series B funding round
Keyrock plans to invest in infrastructure development and regulatory licensing.
Crypto platform Zumo hires first chief data and analytics officer
Vicky Byrom joins Zumo from paytech firm Modulr.
The great convergence ‒ the encroachment of DeFi into CeFi
Is adopting DeFi concepts in CeFi systems with central governance going in the right direction?
Aussie crypto exchange Swyftx to lay off 90 employees
The layoffs follow a round of job cuts in August that saw its workforce reduced by 21%.
ICYMI fintech funding round-up: Buckzy, FrankieOne and Ejara
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five stories of the week – 2 December 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FinTech Futures Jobs: Five reasons why remote work might not be right for you
Explore thousands of open roles on the Fintech Futures Job Board today.
Crypto exchange Kraken to lay off 30% of staff as it looks to weather crypto winter
The firm is laying off 1,100 employees in order to “adapt to current market conditions”.
BVNK acquires fellow paytech System Pay Services
SPS is registered as an electronic money institution in the UK.
Changpeng Zhao, FTX and ‘cryptogeddon’
The FTX debacle will see the Wild West of crypto’s emergent years replaced by control and discipline.
Two suspects arrested in Estonia accused of $575m crypto fraud
Both defendants appeared in court in Tallin and are being held pending extradition to the US.
FinTech Futures: Top five stories of the week – 11 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Blockchain intel firm TRM Labs scores $70m expanded Series B
TRM will use the cash to invest in product development and new hires to meet growing demand for its services.
Binance nixes mooted FTX acquisition deal
In a tweet, Binance says “we have decided that we will not pursue the potential acquisition of FTX.com”.
Binance signals intent to acquire rival crypto exchange FTX
FTX’s CEO wrote on Twitter that a “strategic transaction” has been hashed out with Binance, pending due diligence.
Crypto infrastructure start-up Ramp raises $70m in Series B round
The Series B follows Ramp’s $52.7 million Series A round in December 2021.
Goldman, MSCI, Coin Metrics partner for digital asset taxonomy framework
Datonomy is a standardised way to help market participants view and analyse the digital assets ecosystem.
Bakkt set to buy Apex Crypto in deal worth up to $200m
Bakkt is aiming to “significantly bolster” its cryptocurrency product offering and serve more clients.
