Wednesday, Jan 20, 2021
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TikTok owner ByteDance launches payments in China as it pushes into fintech and e-commerce
ByteDance has launched a new payment service within Douyin, the Chinese version of short-video sharing app TikTok.
With $30,000 in Sight, What's Next for Bitcoin?
Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above $28,000 over the weekend.
China Tells Ant to Return to Payments Services Origins
Chinese regulators order Jack Ma’s fintech behemoth Ant Group Co. to return to its roots as a provider of payments services. The central bank summoned Ant executives over the weekend and told them to "rectify" the company’s lending, insu...
Saudi-backed fintech Wahed targets UK market with Niyah acquisition
Niyah aims to help the underserved British Muslim community easily manage their money and invest in line with their faith
How fintech and AI will not only boost businesses and make banking affordable but also help us ‘live’ forever
Online Hong Kong FinTech Week 2020, which discussed humanising of technology, had more than 350 speakers and 500 exhibitors and attracted over 1.2 million viewers
TikTok's biggest star, 16-year-old Charli D'Amelio, is investing in a banking app for teens
TikTok's biggest star, 16-year-old Charli D'Amelio is raking in money, and she's using some of it to invest in a banking app for teens.
Forget bitcoin. These cryptocurrencies are surging even more
The dramatic rise in bitcoin may seem overly speculative. Yet bitcoin has actually lagged the surges for some other cryptocurrencies.
Top currency regulator says to expect 'clarity' in coming weeks on bitcoin
Brian Brooks, the acting comptroller of the currency, told CNBC's Melissa Lee that "nobody's going to ban bitcoin."
Grab wins digital bank licence in Singapore
Ventures linked to the super-app Grab and the Alibaba-owned Ant Group are among four winners of digital banking licences in Singapore, in the biggest banking liberalisation initiative in two decades by the city-state.
PayPal's CEO talks digital payments and cryptocurrency
Dan Schulman, President and CEO of PayPal, says the pandemic has accelerated the rise of digital payments. He also discusses the company's decision to accept digital currencies.
Bitcoin rises over $18,000 and touches record market value, exceeding its 2017 top
The world's most prominent digital currency on Wednesday is back to carving out records just like it was 2017.
China puts shackles on fintech as technology risks usurping finance
New fintech rules on online micro lending could force China’s internet giants to rethink their business practices on co-lending, analysts said.
African fintech startup Chipper Cash raises $30M backed by Jeff Bezos
African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions - the personal VC fund of Amazon CEO Jeff Bezos.
Analysis: How Jack Ma built China's money supermarket into a $200 billion company
Ant Group, which started out as a service for China's nascent e-commerce industry, has become one of the biggest financial tech firms in the world.
Swiss region to take cryptocurrency for tax payments in 2021
A Swiss region that has billed itself as a hub for high-tech finance says it plans to accept cryptocurrencies Bitcoin and Ether for tax payments starting next year
California Man Pleads Guilty in $722 Million Crypto Fraud Plot
A California man pleaded guilty to a cryptocurrency mining fraud of at least $722 million that prosecutors said amounted to a “high-tech Ponzi scheme.”
Report: $50B In Cryptocurrency Moved Out Of China
More than $50B of cryptocurrency was moved from China last year, a potential violation of the nation's limits on how much money can be sent abroad.
US says it has seized millions in cryptocurrency meant to fund terrorist groups
It’s the ‘largest-ever seizure of cryptocurrency in the terrorism context’. "Terrorist networks have adapted to technology."
Digital Dollar To Be ‘In Competition’ With Bitcoin
The former governor of the Reserve Bank of India, Raghuram Rajan, has said bitcoin and Facebook's libra cryptocurrency may eventually be "in competition" with central bank digital currencies...
Hong Kong gives approval in principle to OSL for first crypto exchange license
Hong Kong's markets regulator has agreed in principle to issue a license to cryptocurrency firm OSL Digital Securities, a unit of Fidelity-backed BC group , the company said in an exchange filing on Friday.
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