Things we’re reading today include … The Paypers’ Global Payments and Fintech Trends Report is live – ThePaypers Trump attempts to bail out his wealthy cryptocurrency backers with ‘U.S. crypto reserve’ | Mashable Donald Trump has ‘bailed out’ crypto. The US taxpayer risks being the biggest loser Banking’s critical functions are vanishing into the cloud…
Things we’re reading today include … Trump orders creation of strategic cryptocurrency reserve Lloyds, Nationwide and Halifax among banks hit by app outage on payday (with quotes from some Chris Skinner guy) The £24m vanity project bound to stay locked in Bank of England’s vaults North Korean hackers ‘took just two minutes’ to pull off…
This week’s main blog discussions include … European regulation strangulation, part 2 America innovates, China replicates and Europe regulates I often find the maze of European regulations hard to follow and track. It’s ok if you’re tracking one – like that Payment Service Directives and Regulations – but when you’re trying to track many, it’s…
Things we’re reading today include … Metro bucks the bank closures trend with plan to open over 100 new branches $300 Billion Gone! What’s Really Happening in the Crypto Market? Trump supporters lose $12bn as president’s cryptocurrency coin collapses FBI fingers North Korea for $1.5B Bybit cryptocurrency heist • The Register February 2025: Top five…
Things we’re reading today include … Almost $1 Trillion Loss Rocks Crypto as Trump Excitement Wanes Lloyds Bank overstated interest-bearing deposits to BoE by £44bn Metro Bank sells personal loan book in switch to specialist lending 84% of bank customers would switch for AI-powered insights BNY Teams With OpenAI to Bring ‘Transformational’ AI to Banking…
Things we’re reading today include: Bitcoin price down: Cryptocurrency value plunges amid major market worries | The Independent Why is crypto down? Bitcoin value plunges below $90,000 HSBC invests €36m in London fintech ClearScore Is London’s IPO market due a fintech revival? | MoneyWeek German central bank plunges to record €19bn loss BofA CEO: Over-Regulation…
Things we’re reading today include … Monzo, Revolut, Starling or Chase? The best digital bank accounts, compared | The Independent How Monzo Bank Built a Cost-Effective, Unorthodox Backup System to Ensure Resilient Banking – InfoQ Banks downgrade top sustainability roles Commonwealth Bank boss makes admission about the future of cash | Daily Mail Better Cryptocurrency…
Things we’re reading today include: ‘Worst hack in history’ as $1.5bn in cryptocurrency stolen | Money News | Sky News HSBC and other banks fined after using chat rooms to discuss gilt trades Four major City banks fined more than £100 million by watchdog Michael Saylor Urges US To Buy 20% Of BTC Supply, Use…
This week’s main blog discussions include … Why are CBDCs not working? After many years we have had many discussions of many countries and many banks talking about launching many central bank digital currencies (CBDCs). Today, only three countries have a live CBDC: the Bahamas, Jamaica and Nigeria. Doesn’t that feel a bit strange? Well,…
Things we’re reading today include … Eurosystem expands initiative to settle DLT-based transactions in central bank money European Central Bank Takes Step Toward Blockchain-Based Payments System – Decrypt European Central Bank’s annual loss hits record €7.9bn SEC rebrands cryptocurrency unit to focus on emerging technologies UK Fintech Investment Fell By Over 25% In 2024, But…
