News - page 263

Blockchain & Crypto

Binance to Convert Recovery Funds From BUSD to ‘Native Crypto’

Reacting to the sudden collapse of the most crypto-friendly US banks, Binance CEO and co-founder Changpeng (CZ) Zhao reconsidered the firm’s recovery funds, aiming to change them into native crypto

Finance & Economics

Regulators Close Crypto-Focused Signature Bank

In the US, regulators have decided to close the New York-based Signature Bank, which is one of the largest lenders in the crypto industry.

Blockchain & Crypto

Nissan Tries New Sales Avenues With Four Web3 Trademarks

Nissan enhanced its Web3 efforts with four new related trademarks filed in the US, while its Japan unit is currently experimenting with auto sales in the metaverse

Finance & Economics

First Republic Strengthens Liquidity With the Help of JPMorgan

First Republic Bank enhanced and diversified its financial position through additional liquidity from the Federal Reserve Bank and JPMorgan Chase

Blockchain & Crypto

South Korea Launches Metaverse Fund

The Ministry of Science and ICT of South Korea established an investment fund to support the growth of metaverse initiatives in the country

Finance & Economics

BILL and BMO Debut Bill Pay and Invoicing Tool

BILL software development company, together with the Bank of Montreal (BMO), has launched a platform for paying bills/invoicing.

Finance & Economics

Finance Platform Railsr to Sold to Consortium

Railsr, formerly known as Railsbank, will become the property of a consortium of global investors.

Finance & Economics

Krungthai Bank Deploys Visa B2B Connect in Thailand

Krungthai Bank (KTB) and Visa announced the conclusion of a partnership agreement to provide enterprises operating in Thailand with the opportunity to make cross-border corporate payments under a simplified procedure.

Blockchain & Crypto

Biden Budget Proposes Crypto Mining Tax

A budget proposal by U.S. President Joe Biden aims to “reduce mining activity” with a 30% tax on electricity costs linked to the cryptocurrency mining process

Finance & Economics

Pocketbook and Bond Help Small Businesses Deploy Digital Wallets

Pocketbook and Bond announced the beginning of cooperation, the purpose of which is to provide small and medium-sized businesses with the opportunity to introduce digital wallets.

Finance & Economics

BaaS Platform Synterra Raises $15 Million

Synctera, an American player in the field of banking services, announced the attraction of additional financing, the amount of which is $ 15 million.

Fintech & Ecommerce

Finastra Launches SaaS ESG Service for Sustainable Lending

Fintech vendor Finastra has launched the new ESG Service to support banks in their sustainable lending practices in regard to corporate clients

Finance & Economics

Central Bank of Nigeria Releases Open Banking Guidelines

The newly released operational guidelines from the Central Bank of Nigeria clarify responsibilities and expectations for the open banking ecosystem participants in the country

Blockchain & Crypto

Xeni and BitPay to Enable Crypto Payments in Travel

Through the partnership with Bitcoin payments company Bitpay, Xeni enables its customers to accept crypto payments for commercial flights, hotels, car rentals, and other travel activities

Blockchain & Crypto

Swift to Develop CBDC Connector

After sandbox testing, Swift is preparing to develop a beta version of the new way to connect central bank digital currencies (CBDC) with existing fiat infrastructures

Fintech & Ecommerce

WeChat Adds CBDC to Payment Platform

China’s major social networking and payment app WeChat has followed Alipay in adding support for payments using the digital yuan – the country’s central bank digital currency (CBDC)