Fintech
Independent fintech coverage from WristPay — wearable payments, fintech, and regulation.
Hong Kong Grants First Stablecoin Licenses to Anchorpoint
Hong Kong has officially issued its first licenses for stablecoin issuers. The recipients of these licenses are Anchorpoint Financial and a subsidiary of HSBC. This significant mov…
Ethereum Stablecoin Supply Hits Record High of $180 Billion
The total value of stablecoins circulating on the Ethereum network has surged to an unprecedented $180 billion. This milestone highlights the growing dominance of the blockchain as…
Polymarket Overhauls Technical Infrastructure and
The prominent prediction market platform Polymarket has initiated the most significant technical transformation in its history. The company is currently upgrading its core smart co…
Bithumb Seeks Legal Action to Recover Bitcoin After Major
Bithumb, a prominent South Korean cryptocurrency exchange, is taking legal measures to reclaim 7 Bitcoin from users who have not returned the funds. The move comes after a signific…
Bitcoin Miner Cango Slashes Production Costs and Offloads
Cango Inc., a publicly traded firm listed on the New York Stock Exchange, has successfully lowered its operational expenses significantly. The company reported that the cost to pro…
Trump-Related WLFI Develops Unique Lending Model That
A new lending model has emerged from the Trump-associated WLFI, which places the burden of failure on lenders. This approach has raised concerns about the potential for increased n…
Investment in AI Governance Key to Future Payment Systems
The landscape of payment systems is evolving rapidly due to advancements in artificial intelligence. Kipp Johnson, Senior Director of AI Solutions Consulting at Braze, emphasized t…
Altcoin Inflows to Binance Reach Three-Month High Amid
The altcoin market is currently facing significant challenges, characterized by high volatility and increasing uncertainty. On April 2, Binance experienced a surge in altcoin inflo…
Trump-Linked Crypto Project WLFI Hits Record Low Amid Token
The World Liberty Financial (WLFI) token, a project associated with Donald Trump, has plummeted to its lowest valuation since its inception. This sharp decline follows public revel…
Circle Responds to Criticism Over $270 Million Drift
Circle has addressed growing concerns regarding the recent exploit of Solana's Drift Protocol, which reportedly resulted in the loss of approximately $270 to $285 million. This inc…
Scroll Users Face $50,000 in Excess Fees After Dramatic L1
The Ethereum Layer 2 network Scroll recently increased its L1 data cost parameters by an astonishing 1,280 times over a six-day period. This drastic change took place before the te…
Exodus Introduces Exodus Pay to Enable Direct Crypto
Exodus has launched a new feature called Exodus Pay, allowing users to spend their cryptocurrencies directly from the wallet application. This service is currently available in fiv…
Visa Direct Integration Enables OwlTing Users to Fund USDC
OwlTing Group, a Nasdaq-listed fintech company, has announced its latest collaboration with Visa. This partnership integrates Visa Direct into OwlPay, allowing users to fund USDC d…
Hong Kong Grants First Stablecoin Licenses to HSBC and
The Hong Kong Monetary Authority (HKMA) has issued its inaugural licenses for stablecoins, marking a significant step in the region's financial innovation. The recipients of these …