Latest Cryptocurrency News: Finextra Research

US judge green lights Terraform's $4.5bn SEC settlement

Terraform Labs and its former CEO Do Kwon have reached a $4.5 billion settlement with the SEC after a jury verdict held them liable for orchestrating a years-long fraud involving crypto asset securities that led to massive investor losses when the scheme unravelled.

17 June 2024

/crypto

Digital pound would not require new POS systems - BofE

Existing point-of-sale terminals in the UK could be used to initiate digital pound payments, according to research from the Bank of England.

14 June 2024

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Paxos lays off 20% of staff

Digital assets outfit Paxos has laid off 20% of its staff, according to a Bloomberg report.

13 June 2024

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Robinhood to buy crypto firm Bitstamp for $200m

Trading app Robinhood has agreed a $200 million cash deal to buy crypto exchange Bitstamp in an effort to expand outside of the US and accelerate its push into digital assets.

06 June 2024

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Bank-backed DLT-based CBDC platform Project MBridge reaches MVP stage

The Bank for International Settlements says it multi-central bank CBDC platform, Project mBrige, is ready to accept value added products and new use cases as it reaches minimum viable product stage (MVP).

05 June 2024

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Visa looks to generative AI to enhance tokenisation

At Money 20/20 Europe, Mehret Habteab, senior VP of product and solutions at Visa Europe, announced the company generated $40 billion in incremental e-commerce revenue globally, after issuing over 10 billion tokens since their launch in 2014.

04 June 2024

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Central banks to test FX settlement in wCBDC

The Bank for International Settlements (BIS) is launching Project Rialto to explore how instant cross-border payments could be improved using a modular foreign exchange component combined with settlement in wholesale central bank digital currencies (wCBDC).

04 June 2024

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Coinbase donates $25m to crypto super PAC

Coinbase has become the second firm in a week to donate $25 million into Fairshake, a federal super political action committee (PAC) backing pro-crypto candidates during the 2024 US elections.

03 June 2024

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Mastercard pilots Crypto Credential network

Mastercard has begun piloting its Crypto Credential network, enabling cross-border peer-to-peer digital asset transactions between Latin America and Europe.

31 May 2024

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Next UK government should make Big Tech pay to fight scams - UK Finance

The next UK government should introduce a bill that forces technology, social media and telecoms firms to contribute £40 million a year to fight fraud and scams, says UK Finance.

31 May 2024