clear
clear

/crypto

Bybit wallet hack sees crooks nab $1.4bn in ETH

Crypto exchange Bybit says hackers have stolen nearly $1.5 billion in Ethereum (ETH) from one of its cold wallets.

/payments

UK government issues tender to bring open banking to Gov.UK Pay

The UK government is inviting bidders for a £49 million contract to embed open banking technology into its Gov.UK Pay payments platform.

/startups

Forbes debuts 18 new firms to Fintech 50 list

Forbes has released its annual Fintech 50 list for the tenth year, highlighting the top growing fintech businesses in the industry.

/regulation

Citi, HSBC, Morgan Stanley, RBC fined for disclosing UK bond pricing

UK regulator, the Competition and Markets Authority (CMA) has fined Citi, HSBC, Morgan Stanley, and the Royal Bank of Canada £104.5 million for sharing sensitive information about UK bonds between 2009 and 2013.

/crypto

Securities and Futures Commission unveils roadmap to make Hong Kong a global virtual asset hub

The Securities and Futures Commission (SFC) outlined a 12-point strategy today to boost Hong Kong’s virtual asset (VA) market.

/ai

Crunchbase declares historical data dead; relaunches as AI-powered predictions engine

Crunchbase is getting an AI-powered makeover, moving away from historical company data towards predictive intelligence that it says will help users forecast with unerring accuracy how private firms are set to grow, what their funding rounds will look like, and future acquisitions.

/wholesale

Capital on Tap scores £750m in funding facilities

London-based small business credit card provider Capital on Tap has secured £750 million in funding facilities.

/payments

Chase to restrict Zelle payments stemming from social media

Chase has warned customers that it will start blocking payments to social media contacts through the Zelle P2P network over fraud concerns.

/wholesale

ECB investigates settlement of DLT-based transactions in central bank money

The European Central Bank is looking into how to settle distributed ledger technology-based transactions in fiat money.

/regulation

SEC creates Cyber and Emerging Technologies Unit

The US Securities and Exchange Commission has created a Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from hackers and the misuse of AI.

/people

Revolut doubles down on hybrid working

Revolut may be preparing to move into a new HQ in London's Canary Wharf, but the fintech is staying true to its pledge to allow employees to continue to work from home.

/retail

Varo closes on $29 million capital raise

US digital bank has closed on $29 million in funding as part of an investment round targeting a $55 million raise.