The Futures Industry Association, the main futures industry group, is sending a letter to the CFTC expressing concerns over bitcoin futures; the FT saw a draft of the letter and it states that they did not allow for proper public transparency and input; futures brokers are concerned over holding more risk and have expressed concerns to the FT that they will not immediately clear the products. Source.
The strategic partnership is intended to increase funds available to smaller firms during the current pandemic; Starling is lending via...
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The firm has expansion plans to Mexico after acquiring the Colombian factoring platform Libera Supply Chain and raising more than 8 million dollars.
The move comes just after the crypto lender reclaimed $450 million of collateral in WBTC, closing its loan from DeFi lending protocol Maker, blockchain data shows.
The bank's ongoing partnership with DailyPay complements services such as real-time billing and payments. This combination could help employers attract and retain employees amid the Great Resignation.
LendingClub announced Q2 2022 results Wednesday, sending the stock price up after showing resistance in the face of turbulent markets.
The company reached the milestone in July, 11 months ahead of schedule, and is also exploring asset tokenization.
Nine new startups spanning blockchain and digital currency are now a part of the FCA's regulatory sandbox; companies added are Billon, BitX, Epiphyte, Govcoin Limited, Otonomos, Nivaura, SETL, Tradle and Tramonex; FCA executive director of strategy and competition, Christopher Woolard, stated, "It has been an intense process for both firms and ourselves and we are grateful for their cooperation and hard work in getting us all to this position. We look forward to these businesses bringing new products and services to market whilst we ensure that appropriate consumer protection safeguards are in place." Source
Jelena McWilliams shared details about the interagency "crypto sprint" involving the FDIC, the OCC and the Fed, and said the agencies plan to issue a series of policy statements in the coming months.