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Latest Results from /markets

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Office of Financial Research pilots data hub for climate-risk assessments

The US Office of Financial Research (OFR) has launched a climate data and analytics hub pilot to help regulators assess risks to financial stability stemming from climate change.

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FTX and Coinbase invest in 'Bloomberg for crypto' Coinfeeds

The venture arms of FTX and Coinbase have joined a $2 million seed funding round for Coinfeeds, a startup that lets people monitor the social media mentions and activity of web3 and NFT projects.

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SEC investigates Coinbase over securities - Bloomberg

The US Securities and Exchange Commission (SEC) has launched an investigation into whether Coinbase let customers trade digital assets that should have been registered as securities, according to Bloomberg.

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Google Cloud and MAS bid to catalyse climate fintech

The Monetary Authority of Singapore (MAS) and Google Cloud have launched the Point Carbon Zero Programme to drive the innovation, incubation and scaling of climate fintech in Asia.

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Social investing app Shares raises $40m for European expansion

London-based social and community-based investing app Shares is eying European expansion and a move into crypto after raising $40 million in a Series B funding round led by Valar Ventures.

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Tietoevry considers spin-off and listing of banking unit

Finnish IT services provider, Tietoevry, has announced that it is mulling over the option of separating and listing the Tietoevry Banking unit, as part of a wider strategic review.

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UK to regulate stablecoins as part of Finance bill

Fintechs and crypto asset providers have welcomed the UK government’s decision to bring stablecoins into regulatory scope as part of the recently published Financial Services and Markets Bill.

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UK proposes new AI rulebook

The UK government has published its plans to regulate the use of artificial intelligence (AI) which would see it depart from the EU's strategy to establish a centralised body to oversee the use of technology.

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Ireland's AIB to scrap ATMs at 70 branches

Irish high street bank AIB is set to discontinue cash services at 70 of its branches in a move that has caused an outcry in rural Ireland.

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Fintech valuations fall by half a trillion

Nearly half a trillion dollars has been wiped off the valuation of fintech firms so far this year when their current value is compared to their peak valuation, according to CB Insights.

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Russian firm claims digital token first

Atomyze, a Russia-based blockchain firm, has launched what it claims to be the country's first digital token to be backed by palladium.

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Pico snags $200 million investment

After being forced to scrap a proposed IPO in February, US-based financial infrastructure company Pico has picked up a $200 million investment from private equity firm Golden Gate Capital.