Latest DeFi News: Finextra Research

BlackRock expands crypto strategy with Ethereum ETF application

In a filing through Nasdaq, the world’s largest asset manager revealed its plans to create an ETF that holds Ethereum’s ether token (ETH), bolstering its cryptocurrency strategy.

10 November 2023

News/crypto

Bitwise distances itself from fraud charges levelled at firm of same name

Bitwise Asset Management distanced itself from charges issued by the SEC and US Department of Justice (DOJ) yesterday, which take aim at the former CEOs of defunct startup Bitwise Industries Inc.

10 November 2023

News/crypto

Global regulators form asset tokenisation policy forum

Financial regulators from the UK, Singapore, Switzerland and Japan are collaborating on a new project to explore fund and asset tokenisation use cases and decentralised finance.

31 October 2023

News/startups

Untangled Finance raises $13.5m to bring institutional grade private credit on-chain

UK fintech Untangled Finance has raised $13,5 million for it platform to bring institutional-grade credit with a built-in liquidation mechanism on-chain.

11 October 2023

News/crypto

BIS applies DeFi principles to cross-border wCBDC tests

The Bank for International Settlements (BIS) and the central banks of France, Singapore and Switzerland have successfully tested the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) between financial institutions, using new decentralised finance (DeFi) technology concepts on a public blockchain.

28 September 2023

News/crypto

Tether commits to AI strategy with €400 million NVIDIA chip purchase

Damoon, a Tether company in which Northern Data Group owns a majority stake, has purchased over 10,000 NVIDIA H100 Tensor Core GPUs, a type of chip, at a total cost of approximately €400 million.

22 September 2023

News/regulation

Bit Trade sued by ASIC over design and distribution failures

Australia's corporate regulator has initiated civil proceedings against Bit Trade Pty Ltd for failing to comply with design and distribution obligations for its margin trading product.

21 September 2023

News/regulation

SEC predicts further crypto charges as enforcement battle continues

The US Securities and Exchange Commission (SEC) has warned that more charges are coming to exchanges and DeFi.

20 September 2023

News/crime

FTX sues Bankman-Fried’s parents over misappropriated funds

The FTX legal saga continues to play out as parents of the company’s founder, Sam Bankman-Fried, have been sued by the FTX parent company Alameda Research, for improperly receiving millions of dollars from the scheme.

20 September 2023

News/crypto

Crypto industry reacts as FATF Travel Rule comes into effect

From today, the UK will enforce new anti-money laundering rules for crypto as set out by the Financial Action Task Force (FATF).

01 September 2023

News/crypto

Shares secures licence for EU trading, aims to be ‘Louis Vuitton’ of trading apps

French social trading app, Shares, has announced it has become the first fintech in the country to secure both crypto registration (PSAN) and a stock trading licence as an investment company (PSI- Entreprise d’Investissement).

29 June 2023

News/crypto

Money20/20: MiCA, the regulation to rule them all

Hot on the heels of the Securities and Exchange Commission (SEC) suing Binance and its founder Changpeng Zhao for failing to protect US investors, Vishal Sacheendran, director, MENA & Europe, Binance, took to the stage at Money20/20 in Amsterdam to provide a TL; DR version of incoming crypto asset Markets in Cryptoassets (MiCA) regulation.

07 June 2023

News/crypto

Temasek refutes claims of investment in Array

Singaporean investment company Temasek has dismissed claims of a $10 million investment in stablecoin firm Array as "fake news".

02 May 2023

News/crypto

HM Treasury opens consultation for taxing DeFi cryptoassets

HM Treasury has launched a consultation into modifying the tax treatment of decentralised finance (DeFi) lending and staking.

28 April 2023

News/crypto

NextGen Nordics: Retail CBDCs could jeopardise commercial banks’ deposit base

Exploring CBDCs and the future of technology in the Nordics and across Europe, Paige McNamee, senior reporter at Finextra discussed the painpoints central bank digital currencies could help to alleviate and what level of cybersecurity, AML and KYC is required.

25 April 2023

News/markets

T Rowe tests Avalanche blockchain Subnet

T Rowe Price Associates and WisdomTree are among the FS firms testing the Avalanche blockchain for executing FX and interest rate swaps.

13 April 2023

News/crypto

Citi Digital Money Symposium: Global standardisation of cryptoassets is critical

Citi’s Digital Money Symposium brought together experts and businesses in the industry to explore trends and future developments in the digital money market.

31 March 2023

News/regulation

BIS Innovation Hub opens in Paris and Frankfurt

The Bank for International Settlements has opened its European Hub, located in both Paris and Frankfurt, with a focus on decentralised finance, wholesale CBDC, cyber security and green finance.

29 March 2023

News/crypto

FSB steps up investigation into DeFi risks

The Financial Stability Board is stepping up its investigation into the opaque world of decentralised Finance (DeFi), fearful of the potential for spill over risks to traditional finance.

16 February 2023

News/crypto

Nomura invests in 'Hybrid Finance' startup Infinity

Nomura's digital assets subsidiary, Laser Digital, has invested in Infinity, a decentralized finance (DeFi) protocol for institutional lending and borrowing.

15 February 2023