FintechDaily – Page 234 – Fresh Dose of Fintech News

Moody’s Develops Scoring System for Stablecoins

Moody's is developing a scoring system for up to 20 stablecoins, as reported by Bloomberg. The proposed system will analyze the coins based on the...

Hacker Responsible for $610M Crypto Heist Eligible for Reward After Returning Assets

After nearly returning the entire $610 million in cryptocurrency stolen earlier this week, a hacker has been offered a $500,000 "bug bounty" by Poly Network....

Hackers Make Off with Over $90 Million from Liquid Crypto Exchange

Japanese cryptocurrency exchange Liquid has reported that hackers have compromised some of its wallets, resulting in the theft of over $90 million. The company's operations...

UK Government presents proposals for regulating the cryptoasset sector

The UK Government has introduced proposals to integrate cryptoassets into the regulatory framework governing traditional financial services. In April, the government committed to establishing rules...

BBVA Introduces Dynamic CVV Cards in Latin America

BBVA is expanding its Aqua card model into Latin America after successfully issuing one million dynamic CVV cards in Spain. The Aqua card enhances security...

EIB Launches Its First Digital Bond in Pound Sterling

The European Investment Bank (EIB) has successfully priced its inaugural £50 million digital bond, leveraging both private and public blockchains through HSBC's tokenisation platform, Orion....

Bank of America Secures Unprecedented Number of Patents

Bank of America is celebrating a record achievement, having been granted 227 US patents in the first half of the year, with significant attention to...

Crédit Agricole CIB Celebrates Successful Outcomes from Quantum Computing Experiment

Crédit Agricole CIB has announced the successful completion of two quantum computing experiments focused on financial product valuation and credit risk assessment. The bank collaborated...

IBM’s Bharat Bhushan Discusses Enhancing Customer Trust in Digital Banking

A recent YouGov and IBM survey indicates that 82% of UK citizens prioritize data security and privacy in digital banking due to the Covid-19 pandemic....

Court Dismisses Class-Action Lawsuit Against Coinbase

Shares in Coinbase surged over 20% on Thursday following a ruling by US District Court Judge Paul Engelmayer, who dismissed a class-action lawsuit against the...