Latest Cryptocurrency News: Finextra Research

Singapore Fintech Festival 2022: Inside Project Guardian

In a session titled 'Unlocking TradFi with DeFi' at Singapore Fintech Festival 2022, DBS, JP Morgan and SBI Digital Asset Holdings explored how they were able to launch the first industry pilot under MAS’ Project Guardian, exploring potential DeFi applications in wholesale funding markets after completing its first live trades.

02 November 2022

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Singapore Fintech Festival 2022: Deputy PM Wong sets the fintech agenda

Lawrence Wong, deputy prime minister and minister for finance, Republic of Singapore, took to the stage at Singapore Fintech Festival to make several announcements that will set the backdrop for the nation state’s fintech journey in years to come.

02 November 2022

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Global banks test DeFi protocols for FX and Government bond transactions

DBS Bank, JPMorgan and SBI Digital Asset Holdings have completed the first pilot transactions on Project Guardian, a Monetary Authority of Singapore-inspired initiative that explores potential decentralised finance (DeFi) applications in wholesale funding markets.

02 November 2022

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Visa to run auction for football NFTs

Visa is inviting football fans to bid for NFTs inspired by iconic World Cup goals as part of its sponsorship of the global soccer tournament.

02 November 2022

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MoneyGram lets US customers buy and sell crypto

MoneyGram users in the US can now buy, sell and hold cryptocurrency via the money transfer firm's mobile app.

02 November 2022

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Visa files metaverse and NFT trademark applications

Visa has filed two trademark applications related to the metaverse, non-fungible tokens and digital currency wallets.

01 November 2022

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Revolut adds crypto spending feature to everyday debit cards

Revolut is adding a crypto spending mode to its debit cards in the UK and Switzerland, enabling customers to switch between crypto and fiat purchases whether online or offline.

31 October 2022

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DBS goes live on SGX unit's crypto platform; launches programmable money pilot

DBS has become the first bank to go live on a new digital asset trading platform from Singapore Exchange unit MaxxTrader.

31 October 2022

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Saudi wealth fund launches $24bn tech fund

A sovereign wealth fund led by Saudi crown prince Mohammed Bin Salman has launched a $24bn investment fund targetting the Middle East tech sector.

28 October 2022

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Portugal's fintech sector passes €1bn milestone

Funding for Portuguese fintechs has exceeded the €1bn mark for the first time.

28 October 2022

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BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions

The Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies (CBDCs) by commercial banks for foreign exchange transactions across borders, as part of Project mBridge.

26 October 2022

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Singapore lays down the law for crypto trading and stablecoins

The Monetary Authority of Singapore (MAS) has published two consultation papers proposing strict regulatory measures to reduce the risk to consumers from cryptocurrency trading while supporting the development of stablecoins as a credible medium of exchange.

26 October 2022

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