NFT sales plunge in Q3, down by 60% from Q2

LONDON, Oct 3 (Reuters) – Sales of non-fungible tokens dropped sharply in the third quarter, according to blockchain tracker DappRadar, as crypto investors hunker down for a “crypto winter” and demand for the highly speculative digital assets shows little sign of returning. Non-fungible tokens (NFTs) are a kind of blockchain-based asset representing a digital file … Read more

Fed’s Powell reiterates call for appropriate regulation of digital finance

Sept 27 (Reuters) – Digital financial assets require appropriate regulations to ensure a level playing field and protect consumers, Federal Reserve Chair Jerome Powell said on Tuesday. “Within the decentralized finance ecosystem there are these very significant structural issues around the lack of transparency,” Powell said during a panel discussion on digital finance organized by … Read more

Standard Chartered rolls out digital bank in hot Singapore market

A view of a Standard Chartered bank branch in Singapore October 11, 2016. REUTERS/Edgar Su Register now for FREE unlimited access to Register SINGAPORE, Sept 1 (Reuters) – Standard Chartered (STAN.L) and FairPrice Group on Thursday rolled out their digital bank focusing on Singapore’s retail segment, a move that comes on the heels of … Read more

Tencent stops sales on its NFT platform Huanhe a year after launch as scrutiny mounts

People visit a Tencent booth at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021. REUTERS/Florence Lo Register now for FREE unlimited access to Register HONG KONG, Aug 16 (Reuters) – Chinese internet giant Tencent Holdings’ (0700.HK) non-fungible token (NFT) platform Huanhe will no longer release digital … Read more

Analysis: Bruised by a valuation freefall, payments companies brace for M&A

Italy’s Nexi draws takeover interest -sources Billtrust owner, Paya reviews strategic options – sources Valuation gap is narrowing amid market turmoil LONDON/NEW YORK, Aug 12 (Reuters) – Battered by a near 50% plunge in its shares over the last 12 months, Nexi (NEXII.MI), Europe’s biggest payments processor, has not gone unnoticed. Earlier this year, the … Read more

Factbox: The crypto crash hit these companies the hardest

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Register July 28 (Reuters) – Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap … Read more

US consumer watchdog to scrutinize crypto payments, Big Tech moves into finance director

WASHINGTON, July 27 (Reuters) – The top US consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech companies as they expand into the traditional financial sector, its director told Reuters. The Consumer Financial Protection Bureau (CFPB) will also publish a report this fall on “buy-now, … Read more