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/crypto

Coinbase launches interest-bearing savings accounts in the UK

Crypto exchange Coinbase is to launch a new savings account in the UK, offering 3.75% AER interest, instant access, and FSCS protection

/payments

Standard Chartered to support DCS stablecoin card

Standard Chartered has joined with DCS as the principal banking partner for DeCard, a next-generation credit card enabling seamless stablecoin spending in the real world.

/crypto

Square rolls out bitcoin payments to 4 million merchants

Over four million Square merchants can now accept bitcoin payments at the point-of-sale, marking a major mainstream use case for the cryptocurrency.

/payments

Visa and Mastercard agree settlement over interchange fees and mecrchant choice

Visa and Mastercard are bidding to close a long running battle with US retailers over interchange fees with a promise to trim charges and let merchants have freedom of choice over which cards they have to accept.

/regulation

Bank of England opens consultation on stablecoin regulations

The Bank of England has published a consultation paper (CP) setting out its proposed regulatory regime for sterling-denominated systemic stablecoins, including a cap on holdings for individuals and businesses.

/crypto

Paystand acquires stablecoin network Bitwage

Blockchain-enabled B2B payments company Paystand has acquired cross-border stablecoin payments network Bitwage

/security

Meta earns a fortune from fraudulent ad sales

Meta estimated that ten percent of its 2024 revenue could come from ads and scammed goods, document seen by Reuters show.

/startups

ClearBank founder bounces back with Sporta

Andrew Smith, ClearBank founder and former CTO, has launched his next venture, Sporta. Its first Crowdcube funding round values the startup at £35 million pre-money.

/retail

Atom bank launches tax-efficient Easy Access ISA

UK’s Atom bank has announced the launch of its Easy Access Cash Individual Savings Account (ISA).

/sustainable

TNFD releases guidance on state-of-nature data collection

The Taskforce on Nature-related Financial Disclosures (TNFD) has released eight recommendations to upgrading the nature data value chain for market participants.

/crypto

Bancomat announces EUR-BANK stablecoin to combat European payments fragmentation

Italian payment network Bancomat announced its EUR-BANK stablecoin during the Salone dei Pagamenti event in Milan on Thursday.

/markets

Canada’s 2025 budget plan includes new stablecoin rules, Real-Time Rail launch

Led by financial industry titan Prime Minister Mark Carney, Canada’s 2025 budget outlines ambitions to tackle cybercrime, embrace digital payments innovation, and encourage competition within financial services.