Mykhailo Fedorov, Vice Prime Minister and Minister of Digital Transformation of Ukraine, called on crypto exchanges to block Russian and Belarusian accounts following the invasion of Ukraine. Exchanges like Kraken and Binance pushed back at the demand.
Read MoreThe National Bank of Ukraine imposed several temporary restrictions to avoid economic panic and collapse. The PFTS Stock Exchange also suspended trading on Thursday.
Read MoreThrough a partnership with DiversiFi, Opera users on Android will be able to make cheap and instant crypto transactions within their mobile browser wallet. The Layer 2 swapping feature is 100 times cheaper than Ethereum Layer 1.
Read MoreThe crypto exchange announced that it has hired Lauren Remington Platt, a beauty entrepreneur, to spearhead partnerships with luxury brands. The move hopes to capture the wealth of the crypto class.
Read MoreIn a settlement with regulators, BlockFi agreed to register with the SEC and pay $100M in federal and state fines. It plans to launch an SEC-approved crypto interest-bearing security.
Read MoreForbes announced this morning that Binance is buying a $200M stake in the publication. Binance previously sued Forbes for defamation, and then voluntarily dropped the suit.
Read MoreState representative Jason Powell introduced a bill to Tennessee’s state legislature that, if passed, would allow the state to invest in crypto and NFTs. It would do so by amending the state government’s list of “permissible investments.”
Read MoreThe London-based crypto payments platform has officially launched in the U.S. Wirex was the first to let customers make payments through prepaid Visa debit cards that are linked to crypto wallets.
Read MoreStartup Yuga Labs, which minted the Bored Ape Yacht Club series of NFTs, is in financing talks with Andreessen Horowitz at a valuation between $4B and $5B. If it goes through, the deal would be the first institutional investment into the company.
Read MoreMeta, the company formerly known as Facebook, reported disappointing fourth-quarter earnings as well as its first-ever decline in users. The company’s market capitalization tanked—sliding from $898.5B to $668.4B.
Read MoreValereum, a Gibraltar-based holding company, announced that it is buying 90% of the Gibraltar Stock Exchange (GSX). Valereum looks to create the world’s first integrated fiat and digital exchange.
Read MoreYouTube CEO Susan Wojcicki announced that the video platform is looking into NFT features for its creators. The Google-owned company joins Twitter and Instagram in exploring services related to the crypto-based financial system.
Read MoreLate last week, the Federal Reserve released a 40-page report on the potential creation of a digital U.S. dollar, inviting explicit policy guidance from the White House and Congress.
Read MoreMilo is launching what it calls the world’s full-fledged “crypto-mortgage” service, which lets customers purchase real estate in the U.S. through bitcoin.
Read MoreThrough a partnership with crypto custody firm NYDIG, a group of 300 community banks will let customers trade bitcoin on their mobile banking apps.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
