Financial Technology

Morgan Stanley (NYSE: MS) issued a warning about the potential decline in the global dominance of the U.S. dollar. The investment bank attributed this decline to the rising influence of digital assets like Bitcoin (CRYPTO: BTC) and various central bank digital currencies (CBDCs). Andrew...

S&P Global Ratings assigned a "constrained" stability assessment to stablecoin issuer Tether (CRYPTO: USDT), raising concerns due to limited transparency in its reserve management and asset composition. What Happened: The firm's assessment of '4' reflects concerns over the...

Sologenic co-creator Bob Ras discussed the nuances of tokenization and its impact on global markets, particularly in emerging economies. Tokenization is offering unprecedented opportunities for liquidity and inclusivity, he told Benzinga in an interview. Ras views regulatory changes as beneficial...

Sharing his insights on the future of Bitcoin (CRYPTO: BTC) and digital assets, Mark Yusko, CEO of Morgan Creek Capital Management and managing partner of Morgan Creek Digital on Tuesday emphasized the apex crypto's potential as a foundational technology in the financial world,...

Brian Barnes, founder and CEO of M1 Finance on Monday delved into the integration of cryptocurrency into M1's platform, aligning it with the company's strategy of long-term wealth building rather than short-term trading, marking a significant step in modernizing financial services....

The Basel Committee on Banking Supervision, in an effort to increase transparency and oversight in the banking sector, wants banks to disclose their crypto asset holdings. What Happened: The committee made the decision during the recent meeting, which took place on Oct. 4 and Oct. 5 in Basel. In...

India, under its G20 presidency, is actively discussing the creation of a universal cryptocurrency framework, according to the country's Finance Minister Nirmala Sitharaman. On Aug. 28, Indian Prime Minister Narendra Modi emphasized the importance of global collaboration in shaping...

Morgan Stanley on Tuesday said that artificial intelligence (AI) and its related technologies are poised to revolutionize various sectors, dubbing it a pivotal investment trend for the upcoming decade. What Happened: The financial institution delved into the possibility of the current surge in the...

Coinbase (NASDAQ: COIN) CEO Brian Armstrong has expressed his commitment to continue operations in the U.S., even if it loses its ongoing lawsuit against the Securities and Exchanges Commission. He also expressed his firm's determination to challenge the cease and desist orders...

Decentralized finance (DeFi) lending protocol Iron Bank is calling on Alpha Homora to take responsibility for its bad debt. Alpha Homora allegedly failed to provide a proposed solution to the issue despite repeated requests by Iron Bank. Iron Bank said it has been seeking a transparent and written...

Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) announced Thursday that it has stopped accepting or initiating payments to or from Silvergate Capital Corp (NYSE: SI) out of an "abundance of caution."  On Wednesday, Silvergate delayed the filing of its annual report...

Fintech company GreenSky LLC (NASDAQ: GSKY) traded on a public market for the first time in late May. The equity's "quiet period" expired Monday, and multiple Street analysts released research reports to clients. The Analysts Sandler O'Neill's Christopher Donat...

Credit Karma — a fintech platform that allows consumers access to check their credit scores and borrowing history and recommends financial products — has inked a deal with buyout shop Silver Lake Partners, The Wall Street Journal reported. What Happened Silver Lake will buy an...

Shares of Square Inc(NYSE: SQ) have lost nearly 9 percent since its IPO in late November. Analysts at several Wall Street firms initiated coverage of Square on Monday. The bearish-themed notes pointed out that Square's future growth is already priced into the stock while the bullish...

Paul Condra of Credit Suisse initiated coverage of the "Payments & Fin-Tech" space. Condra noted that a fee-per-transaction model benefits from massive volumes on a fixed-cost processing. The analyst added that simply enough, "People will not stop buying things." Paul Condra of Credit Suisse...