Tag: finance | BizAndTech Newswire

finance

Crypto Adoption Could Accelerate as SpacePay Introduces Never-Seen-Before Solutions That Could Be Game-Changing
Many factors make it hard for people to use cryptocurrency for everyday purchases. Businesses find accepting crypto risky because there aren’t consistent standards like in regular finance. We cannot...

Russian Court Freezes $372 Million in BNY and JPMorgan Chase Assets
Reuters reported late Wednesday that a Moscow court has frozen $372 million in assets held by Bank of New York Mellon and JPMorgan Chase. The funds were held in accounts at the Russian branches of Cit...

Tokenized funds get preliminary approval to be used as collateral in the US
A subcommittee of the Commodity Futures Trading Commission’s (CFTC) Global Markets Advisory Committee voted to approve guidelines for using tokenized shares of money-market funds as collateral for t...

Microsoft to Invest $4.8 Billion in Italy for AI Infrastructure
Microsoft announced Wednesday (Oct. 2) plans for a €4.3 billion ($4.8 billion) investment in Italy, its biggest investment in the country so far. The initiative is set to roll out over the next two ...

PayPal CEO Believes Crypto ‘Really Important’ Future Element of Commerce, Says Consumers Paying ‘A Ton’ in Fees
The CEO of PayPal says the firm is considering the role crypto plays in the future of commerce and payment processing. In a new interview with Yahoo Finance, PayPal CEO Alex Chriss says that he, and b...

This Week in Web3: Unlocking Blockchain’s Potential Within Payment Ecosystems
Blockchain is growing into a global innovation that transcends its initial association with crypto. The auction house Christie’s, for example, recently announced that an upcoming collection of fine...

9 Ways To Make Passive Income Through Cryptocurrency In 2024
Cryptocurrency continues to revolutionize how people can generate income, and passive income strategies are becoming more popular. One of the leading crypto staking platforms enabling this revolution ...

DeFi TVL up 10% in September to $133 billion
The DeFi ecosystem recorded a roughly 10% increase in total value locked across all major networks during September, with the total up $12 billion to $133 billion. According to DefiLlama data, decentr...

Visa Launches Spend Management Partnership With Denmark’s Cardlay
Danish FinTech Cardlay is working with Visa to improve spend management for commercial card issuers. The partnership, announced Wednesday (Oct. 2), combines Cardlay’s spend management platform...

Franklin Templeton’s Onchain Money Market Fund Launches on Aptos
Asset management mogul Franklin Templeton has launched its Franklin OnChain US Government Money Fund (FOBXX) on Layer-1 blockchain Aptos. The collaboration signifies growing institutional interest ...

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