Despite the record-setting value and amount of venture capital deals for fintechs last year, momentum stalled during Q4. In Q1, investors appear more selective.
NFTs come to the fore in China: However, the country’s regulatory scrutiny could add complexities to engaging with them.
Intel earns Nvidia’s vote as potential foundry partner: Future Intel chip fabs could boost capacity for GPUs and other chips, taking away TSMC and Samsung’s dominance and bringing production closer to home.
In the US, higher-income millennials are more likely to own cryptocurrency than their lower-earning peers. Some 61% of those making at least six figures per year own crypto, while just 25% of those earning less than $50,000 hold Bitcoin or the like. Gender plays a role as well—half of millennial men hold these digital currencies, while only one-fifth of women in that age group do so.
Chainalysis recommended steps for fighting sanctions evasion and long-term measures to revamp how the government addresses crypto-related crime.
The president’s sweeping order on digital assets calls for research into a CBDC.
Startup investment firm Bain Capital Ventures launched a $560M fund focused exclusively on crypto projects.
Senior Democrat Ron Wyden warned excessively stringent regulation could stifle innovation.
Companies in several markets are offering crypto products that act like bank accounts, and regulators have taken notice.
After posting strong year-end results, the crypto exchange warned that 2022 is off to a lackluster start amid drops in crypto market cap.
The vast majority of US banks have no plans to offer some basic cryptocurrency-related services. For even the most widely adopted service—crypto investing or trading—only 1% currently offer it, and 78% have no plans to support it.
Since Facebook rebranded itself as Meta, mobile apps have been scrambling to stake a claim in the metaverse—on paper at least. In November, the month after the rebrand, 29 apps worldwide added “metaverse” to their name or description, more than double the number in October. This trend hasn’t wavered: In the three months since Meta emerged, 86 more apps have featured the buzzword in their name or description.
An International Monetary Fund (IMF) report exploring six central bank digital currency (CBDC) case studies shows there’s no “one size fits all” that works in every market.
Twitter invested in Bitcoin payment provider OpenNode’s $20 million funding round.
Lightyear gets social, and DriveWealth adds crypto trading. Both firms are adding services to remedy falling trading volume.
In 2021, mobile finance apps reached 573.1 million downloads in the US, up nearly 19% from 481.9 million in 2020.
With a $550M raise, the crypto as a service platform quadrupled its valuation to $8B as large companies increasingly seek out opportunities in digital currencies.
A new paper by the Fed outlines how banks can adapt to the creation of a US central bank digital currency (CBDC). Bank stablecoins could complement it, but standalone issuers would face trouble.
It’s already made crypto-payments-focused partnerships, and an exec said it’s looking at crypto. Or maybe it’s more about the metaverse.
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