The $45 billion liquid staking sector is raising concerns among investors over the long-term price stability of cryptocurrencies tied to these protocols. Liquid staking creates more capital efficiency for investors by offering an equivalent of the initial staked token that can be deployed in other decentralized finance (DeFi) applications. However, liquid staking tokens (LSTs) could temporarily lose their […]
Reetika Grewal, head of digital, commercial bank and corporate and investment bank, Wells Fargo, and Sarah Lamont, investor, F-Prime Capital, joined Nikhil Lele, banking and capital markets, EY, to discuss the uptake of AI and progress in back office use cases, the importance of partnerships and user-centred design and the rebound of fintech valuations post-2022. […]
This sell-off looks like a great buying opportunity. As almost every investor knows by now, artificial intelligence (AI) has been driving the current bull market since its start in 2023. The launch of OpenAI’s ChatGPT has set off a new arms race in the industry, and generative AI technology could be as transformative as the […]
Reuters reports Wise said access to the system will allow it to bypass intermediary banks that process and settle funds in Japan, lowering fees and processing times. If Wise does as it aims, this could increase pressure and competition within the Japanese payments market. According to World Bank data, the cost of remittances in Japan is the […]
Oil futures fell on Friday, declining more than 7% on the week after data showed China’s economic growth slowed and investors digested a mixed Middle East outlook. Brent crude futures fell $1.39, or 1.87%, to $73.06 a barrel. U.S. West Texas Intermediate crude settled at$69.22 a barrel, down $1.45 or 2.05%. Brent settled more than […]
According to a recent study, there is no single touchpoint to reach Gen Z, although a significant 86 per cent of the generation believe that cashback and loyalty rewards play an important role when making a purchase. These findings, based on the ZBD ‘Gen Z Payments Study‘, a survey of over 2,000 18 to 27-year-olds in the […]
The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department said Friday. Even with a modest surplus in September, the shortfall totaled $1.833 trillion, $138 billion higher than a year ago. The only years […]
PLAY, a platform integrating Web3 technologies into gaming, has partnered with TapNation, in a move hoping to bring mobile games to the forefront of the Web3 movement. Through the new partnership, PLAY plans to expand its ecosystem by integrating blockchain features into popular TapNation mobile games. With 60 million monthly active users and 1.4 billion […]
China’s economy expanded in the third quarter at the slowest pace since early last year, as the country struggles to boost flagging growth. On an annual basis, gross domestic product (GDP) rose by 4.6% in the three months to the end of September, according to China’s National Bureau of Statistics. That is less than the […]
HSBC is the first major bank to launch such an initiative, allowing international mortgage applicants to retrieve their credit history for a UK mortgage application. This provides non-resident customers from eligible regions – Australia, Switzerland, the Philippines and the USA – and those who have recently relocated to the UK a more streamlined process, eliminating […]
LOS ANGELES — Netflix posted third-quarter earnings Thursday that beat on the top and bottom lines as its advertising business continued to grow. The streamer’s ad-tier memberships jumped 35% quarter over quarter. The company is on track to launch the service in Canada in the coming quarter and more broadly in 2025. While Netflix does not expect […]
Eligible Apple Pay users in the US and UK will have first access to Klarna’s payment offerings, including pay later in three or four installments with no interest or over longer periods. The global expansion will continue with Canada slated to launch in the coming months. “Consumers around the world have been asking for Klarna […]
