Managers of Wealth Fintech

Crypto exchange Yellow Card Financial unveils Yellow Pay

The new product uses Yellow Card’s crypto exchange platform to complete customer transactions in USDT.

Crypto exchange Huobi to lay off 20% of staff as industry reels from FTX collapse

Justin Sun, a Huobi advisory board member, said the crypto exchange plans to reduce its global headcount by about 20%.

Why we still need cryptocurrency for an ‘internet of value’

Crypto and blockchain are revolutionizing the exchange of value

Coinmotion achieves registration as a crypto operator in Spain

In addition, having a Coinmotion account and making crypto transfers between users is completely free.

What the UK’s six AI principles mean for financial services

Undertaking an AI audit and assessing how AI use aligns with business objectives are just two of the measures that firms should consider to best prepare themselves for the new regulatory regime.

New York regulator hits Coinbase with $50m fine

This violated New York Banking Law and the DFS virtual currency, money transmitter, transaction monitoring, and cybersecurity regulations.

Silvergate buries Diem; lays off 200 staff

This includes the lay off of 200 staff at a total ccost of $12 million in severance payments, and an impairment charge of $196 million related to the buy out of Diem.

Top US bank watchdogs issue joint warning on crypto activities

Officials said in a statement that it was important that risks that can’t be controlled aren’t allowed to migrate to the banking system.

Blockchain fintech GammaRey signs $320M merger agreement

GammaRey said it has nearly $800 million in consumer assets.

DNB automates chat traffic with AI-powered virtual agent

Boost.ai says the technology is also helping employee focus on the complex tasks they were trained for rather than more menial administrative work.

AI is getting creative and feels more human

OpenAI’s ChatGPT became rather eloquent at answering questions, having trained on large transformer-based language models that specialise in conversations

Bitcoin, Ether did better than you think in 2022

CoinDesk research shows that per unit of risk, bitcoin and ether performed significantly better than bonds and had similar results to equities in 2022.

Suspension of Trading on Nasdaq for Argo Blockchain plc

The Company expects that trading on Nasdaq will resume on Wednesday, 28 December 2022 after the Company makes an announcement that is expected to be released before opening of trading on Wednesday, 28 December 2022.

Mark Cuban: Bitcoin is a good investment, gold investors are dumb

Gold is a stored value and so is bitcoin.

Tips For Choosing the Best Robo-advisors For Finance Management

To put it simply, a rob-advisor is an automated financial advisor that offers financial counsel and undertakes the management of investments with regulated or minimal human intervention.

European Commission Proposes Reform on Liability Rules for Artificial Intelligence

The directives aim to assist claimants in proving the causation of damages and product defectiveness in complex AI systems, creating legal certainty for providers.

Global Blockchain Payments Wallet, Centbee, Raises $1 Million Pre-Series a Funding from Ayre Ventures

Unlike other blockchains, BSV is focused on utility, not speculation, and Centbee is working hard to further Bitcoin’s adoption as a true peer-to-peer electronic cash system.

From $250,000 to $10,000 price calls: How market watchers got it wrong with bitcoin in 2022

On top of crypto-specific failures, investors have also had to contend with rising interest rates, which have put pressure on risk assets, including stocks and crypto.

BIS wants banks digital asset exposure limited to 2% by 2025

Under the new prudential standard, commercial banks can only have 2% exposure to ‘unbacked’ digital assets, stablecoins “with ineffective stabilization mechanisms,” or even tokenized traditional assets.

Singapore-based Family Office Whampoa Goes All-in on Digital

Called Whampoa Digital, the arm will invest - and incubate - in so-called early-stage ventures that develop blockchain infrastructure as well as Web3 applications that help the technology to become more popular and widely adopted.

Bitcoin, Blockchain & AI