Fintech Industry News
A collection of Fintech latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
FG orders fintech to debit N50 for every 10k credit alert on customers' accounts
Fintechs, including Moniepoint and Palmpay, will begin debiting N50 from customers' accounts as ordered by the FIRS The new N50 charges, explained by FIRS, will apply to every N10,000 inflow into customers' accounts This mandatory deduction marks…
Bitcoin and Ethereum Face Major Losses: $170 Billion Wiped Out in September Crash
September has hit the crypto world hard, with a staggering $170 billion wiped out in just one week. Bitcoin and Ethereum, the market's giants, were the biggest losers, causing 78.82% of the losses. Bitcoin alone saw its value drop by $100 billion…
Massive Whale Liquidation Alert: $26.5M in WBTC at Risk of Liquidation!
Whale activity in the Bitcoin and altcoin markets never fails to surprise, especially when they make huge gains or face major liquidation threats. Right now, a massive Bitcoin whale is on the edge of liquidating 488.45 $WBTC (about $26 million) on…
Ripple CEO Brad Garlinghouse Shares Big News and Challenges for the XRP Community
Ripple's CEO, Brad Garlinghouse, has provided new insights for the XRP community, offering a mix of both optimism and caution. In a recent interview, he shared promising developments around the launch of Ripple's RLUSD stablecoin, as well as…
Warren Buffett's Small Crypto Investment Turns Into 1000% Surge: Justin Sun Weighs In
In 2020, Justin Sun, the founder of the Tron blockchain, famously gifted 1,930,830 TRX coins to renowned American entrepreneur Warren Buffett. At the time, the value of the TRX gift was approximately $31,086. Fast forward to 2024, that same holding…
Why is Bitcoin (BTC) Price Crashing? Top Reasons Behind the 7% Drop
Bitcoin's (BTC) price has taken a significant hit, falling by 7% and dropping below $52,900 for the first time in over a month. This sudden decline has raised questions among investors and crypto enthusiasts alike. Several factors have contributed…
Trump Aims to Make U.S. the 'Crypto Capital' as He Launches New Venture
Former U.S. President Donald Trump is making bold promises to turn the U.S. into the “ crypto capital of the planet ” if he wins the upcoming presidential election. In his latest move, Trump enters the crypto space, questions are…
Aptos CEO Mo Shaikh shares his journey to web3 and market opportunities in Asia and Middle East
As a young immigrant in Brooklyn, Mo Shaikh often pondered over his father's taxi earnings. His father would say he made $100, but Shaikh couldn't understand why only $60 made it home. (The rest, he learned, went to intermediaries.) This early…
Kalshi Wins Big As Judge Overrules CFTC, But Agency Seeks 14-Day Block
Kalshi, a platform offering futures contracts on real-world events, has scored a legal win in its ongoing battle with the U.S. Commodity Futures Trading Commission (CFTC) that blocked its plans to offer election betting contracts. This ruling opens…
China's new AI app stirs dreams of Iron Man's virtual assistant becoming reality
The latest artificial intelligence (AI) app announced in China appears to be raising the hopes of consumers for a future in which a version of Jarvis, the smart virtual assistant of Tony Stark in the Marvel Cinematic Universe, becomes commonplace…
Tortilla makers join digital economy
BY Jean Arce / AFP, MEXICO City Long marginalized by the banking industry, Mexico's neighborhood tortilla producers are cautiously embracing financial technology in a country where cash is still king for many. The Mexican National Tortilla Council…
Goldman Sachs Asset Management to provide an 'Outsourced Chief Investment Officer'
The Nikkei reported this week that Goldman Sachs, through its asset management division Goldman Sachs Asset Management (GSAM), is launching a business called OCIO (Outsourced Chief Investment Officer), and would offer this service first to pension…
Progmat & Datachain launch cross-border stablecoin transfer network
Progmat and Datachain have jointly launched project “Project Pax”, aimed at building a cross-border remittance infrastructure for stablecoins. The cross-border remittance market reached $182 trillion (approximately 28,000 trillion…
Here's XRP Price if Bitcoin Market Cap Hits $61 Trillion
XRP price could reach unprecedented levels if XRP follows Bitcoin as the market leader guns for a $61 trillion market cap. Notably, at press time, Bitcoin (BTC) currently boasts a market cap of $1.072 trillion, firmly holding its spot as the…
Paystack and other African startups that had multi-million dollar exits: report
Over the last few years, startups have faced challenges when trying to exit, due to factors like a frozen IPO market and reduced attractiveness to buyers, according to a report by Tech Crunch. It said large mergers-and-acquisitions (M&A) deals have…
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