As Bitcoin (BTC) and altcoins took a break from reaching new all-time highs, the market sentiment seems gloomy since the start of 2022. However, while the market seems to be sleeping, its trajectory shows that there’s more to look forward to in the coming months.Multinational professional services network KMPG published its biannual Pulse of Fintech report, where the firm … [Read more...] about 4 key takeaways from KPMG Pulse of Fintech Report
Fintech
German Fintech Naga to Start Crypto-Focused Social Trading Platform
Publicly traded German fintech Naga, which offers investment in stocks and crypto via its mobile app, will start a social trading platform in 2022 called Nagax, Naga announced Thursday.The platform, set to launch in the first quarter of this year, will consist of a crypto wallet, a non-fungible token (NFT) platform, a staking platform, a spot exchange with around 700 tradable … [Read more...] about German Fintech Naga to Start Crypto-Focused Social Trading Platform
India’s Central Bank Creates FinTech Department as Challenges Posed by Crypto, CBDC Grow
According to an internal administrative circular viewed by coindesk, the upgrading of that unit into its own department is aimed at promoting innovation in the sector, identifying the challenges and opportunities associated with it and addressing them in a timely manner, and providing a framework for further research on the subject that can aid policy interventions by the … [Read more...] about India’s Central Bank Creates FinTech Department as Challenges Posed by Crypto, CBDC Grow
French Fintech Lydia Attains Unicorn Status With $100M Series C Funding: Report
French fintech Lydia has raised $100 million in Series C funding, attaining unicorn status with a valuation of over $1 billion.The funding round includes new investors Dragoneers and Echo Street along with existing backers Tencent, Accel and Founders Future, TechCrunch reported Wednesday.Lydia recently allowed its 5.5 million users to invest in digital assets including crypto … [Read more...] about French Fintech Lydia Attains Unicorn Status With $100M Series C Funding: Report
NY Fed Launches Fintech Research Wing With BIS Help
“The hub is not a think tank, it is a laboratory. It builds proofs-of-concept and prototypes using new technologies. It organizes hackathons to engage with the entire community, scout technologies and source ideas for projects,” said Agustín Carstens, general manager at BIS, during the event. Source link … [Read more...] about NY Fed Launches Fintech Research Wing With BIS Help