Accel leads $77 million funding round for fintech firm Galileo
Galileo Financial Technologies, a company whose technology handles back-office functions for payment industry startups, said on Thursday it raised $77 million in a series A funding round led by Silicon Valley venture capital firm Accel, one of the early investors in Facebook.
U.S. SEC halts Telegram's $1.7 billion digital token offering
U.S. authorities said on Friday they have halted a $1.7 billion unregistered digital token offering by the messaging service Telegram Group Inc and its TON Issuer subsidiary.
Brazilian fintech Nubank has grown to 15 million users: CEO
Brazilian financial technology start-up Nubank now has 15 million clients, the firm's chief executive said on Friday, a figure which underlines the rapid growth of the Sequoia Capital-backed venture in Latin America's largest economy.
PayPal becomes first member to exit Facebook's Libra Association
U.S. payments processor PayPal Holdings Inc said on Friday it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group.
Visa, Mastercard reconsider backing Facebook's Libra: WSJ
Visa , Mastercard Inc and other key financial partners may reconsider their involvement in Facebook Inc's cryptocurrency, Libra, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Libra cryptocurrency not out to replace existing money: project head
The Facebook-conceived Libra cryptocurrency, to be launched by a Geneva-based association next year, is not intended to replace existing currencies, Libra Association Managing Director Bertrand Perez said on Friday.
In Mexico, 85 fintechs are seeking permission to operate
Mexican banking regulator CNBV said on Thursday it received applications from 85 companies to formally operate in the country under its new fintech law as the government of President Andres Manuel Lopez Obrador pushes for more financial inclusion.
Bitcoin near three-month lows after tepid response to NYSE owner's futures
Bitcoin struggled on Wednesday to recover from the three-month lows it reached a day earlier, moves that traders blamed on a lukewarm reception for a futures product from the owner of the New York Stock Exchange.
JPMorgan invests $25 million in fintech start-ups
JPMorgan Chase & Co is investing $25 million to support fintech start-ups that help low-income Americans be more financially healthy, bank executives said on Tuesday.
U.S. securities chief 'not prepared' to say if Facebook's Libra a security
The head of the U.S. Securities and Exchange Commission repeatedly refused to tell a congressional panel on Tuesday whether or not Facebook's Libra would be regulated as a security under his watch.
Facebook met UK officials three times before Libra announcement
Facebook met British finance ministry, central bank and regulatory officials in the weeks before making public its plans for the Libra digital currency, responses to Reuters freedom of information requests show.
Germany's Scholz: We cannot accept parallel currencies such as Facebook's Libra
German Finance Minister Olaf Scholz said on Tuesday policymakers could not accept the emergence of parallel currencies such as Facebook's planned Libra, adding that Berlin would reject any such plans.
Wells Fargo tests cryptocurrency for internal transactions
Wells Fargo & Co said on Tuesday it will pilot its own digital currency powered by blockchain to help move cash across borders and between branches in real time.
Facebook's Libra will be disruptive, says ECB's Coeure
Digital currencies such as Facebook's Libra will disrupt the financial system, either by forcing central banks to innovate or by grabbing a global role that could challenge the dominance of the dollar, ECB board member Benoit Coeure said on Tuesday.
Global regulators to question Facebook's Libra amid EU concerns: paper
Global regulators will question Facebook on Monday about its Libra cryptocurrency, amid concerns from European Union governments over the threat the digital currency poses to financial stability, the Financial Times reported on Sunday.
France, Germany blast Facebook's Libra, back public cryptocurrency
France and Germany said on Friday that Facebook Inc's Libra currency posed risks to the financial sector that could block its authorization in Europe, and backed the development of an alternative public cryptocurrency.
Skirting U.S. sanctions, Cubans flock to cryptocurrency to shop online, send funds
Jason Sanchez, 35, was able to start buying spare parts online last year for his cellphone repair shop in Havana thanks to the advent of cryptocurrency trading in Communist-run Cuba.
Factbox: Facebook's cryptocurrency Libra and digital wallet Calibra
Facebook Inc revealed lofty plans to establish a cryptocurrency called Libra in June, but the project quickly ran into trouble with skeptical regulators around the world.