December, 2024

December, 2024

HFSC Leaders Seek Federal Study of AI’s Impact on Financial Services
The House Financial Services Committee (HFSC) aims to play a role in the development of artificial intelligence (AI) as the technology impacts the financial services and housing industries. HFSC Chai...

Clearing House Settles Record $2.6 Trillion in Black Friday Payments
The Clearing House says its clearing/settlement system handled a record number of Black Friday transactions. The organization’s CHIPS network settled and cleared 1,083,550 payments valued at $2.63 t...

Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds
The eventual resolution of the key question in the wake of the Synapse bankruptcy — namely, where the money went — will take time. And those seeking answers are turning yet again to the courts. To...

Brazil Considers Banning Stablecoin Withdrawals to Self-Custodial Wallets
The Central Bank of Brazil (BCB) reportedly aims to prevent centralized exchanges from allowing their users to withdraw stablecoins to self-custodial wallets. Transfers of stablecoins between resident...

Orbital Debuts Dashboard to Track Stablecoin Payment Trends
Blockchain-based payments solutions company Orbital has announced the launch of its Stablecoin Payments Dashboard. The new offering is designed to provide users with insights into stablecoin payment...

Coinbase Integrates Apple Pay Into Crypto Onboarding Solution
Coinbase has integrated Apple Pay as a payment method for Coinbase Onramp, its tool for building onramps into existing apps for fiat-to-crypto purchases. This addition will provide easier onramping fo...

Crypto and FinTech Cry Foul Over Debanking — Could Real Issue Lie in Risk?
FinTech and crypto investor Marc Andreessen kicked off a firestorm over the weekend by alleging, on Joe Rogan’s podcast, that those two sectors — and dozens of companies backed by his namesake fir...

BitGo Debuts Platform for Retail Cryptocurrency Customers
Digital assets solutions provider BitGo has debuted a dedicated retail platform. The new platform, announced Monday (Dec. 2), is designed to offer retail customers access to BitGo’s digital asset tr...

Deel Bolsters Payment Infrastructure in Europe With Atlantic Money Acquisition
Global human resources (HR) and payroll product provider Deel has acquired London-based money transfer service Atlantic Money. “This acquisition aims to strengthen Deel’s payment infrastructure...

TikTok Woos Amazon Sellers in Spite of US Ban Threat
TikTok has reportedly begun courting Amazon sellers and staff despite a pending U.S. ban. The video-sharing giant’s eCommerce arm TikTok Shop is persuading Amazon sellers to sample its service, p...

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B&T Television

December