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Trade Associations Sue to Block CFPB Overdraft Rule
Four trade associations and three banks are pursuing legal action against the Consumer Financial Protection Bureau’s (CFPB) final rule on overdraft services, which was released Thursday (Dec. 12). I...
Avalanche (AVAX) Raises $250 Million as TVL Hits 2-Year High
Avalanche Foundation has raised $250 million through a private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital. AVAX prices gained nearly 9% after the announcement to trade at $...
Texas lawmaker proposes state-managed Bitcoin reserve for financial stability
Texas lawmakers have introduced a bill to establish a state-managed Bitcoin reserve, aiming to explore the potential role of crypto in public finance. Filed on Dec. 13 by Republican Rep. Giovanni Capr...
French Hill to Chair House Finance Committee; Promises ‘Common-Sense Economic Policies’
U.S. Rep. French Hill, R-Ark., is set to become the next chairman of the House Financial Services Committee (HFSC) after being elected by the House Republican Steering Committee. Hill announced his el...
This Week in B2B: Financial Infrastructure Innovation Gets Its Due
B2B payments are no longer just about moving money — they’re about unlocking new financial infrastructure possibilities for businesses worldwide. Today’s innovations in financial infrastructure ...
Slope Launches Commercial BNPL Card Powered by Marqeta
Slope launched a commercial buy now, pay later (BNPL) card solution powered by Marqeta. The new Slope Card enables brands and marketplaces to allow their B2B customers to pay in-store or online with 3...
Binance and Stablecoin Issuer Circle Announce Strategic Partnership To Boost Adoption of USDC
Leading crypto exchange Binance and stablecoin issuer Circle are teaming up to expand the adoption of USDC. In a statement, Binance says the strategic partnership, which was announced at the Abu Dhab...
KAST Secures $10 Million Seed Round Led by HSG and Peak XV Partners
December 12, 2024 – Cayman Islands, George Town KAST, a financial technology platform built on stablecoins to deliver a neobank-style experience, has raised $10 million in seed funding. The roun...
AAVE Smashes 3-Year Record with Crypto Whales-Led Token Revival
Aave (AAVE) price has surged to its highest level since September 2021, following a 30% increase in the last 24 hours. The decentralized finance (DeFi) token has seen a sharp spike in activity, with A...
The Daily: BlackRock recommends 1-2% bitcoin allocation, Step Finance plans tokenized stocks on Solana and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....
Newswire > Tag: finance
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