Alibaba's Ant Financial payments unit, which operates Alipay, is seeking uses for blockchain as it tries to quadruple its user base in the next ten years.
Eric Jing, Ant Financial's CEO, told
The innovation will drive an aggressive growth plan for Ant Financial's Alipay. Alipay's mobile wallet has about 450 million users, and Ant hopes to expand that to 2 billion in the next decade.
Litigation involving Amalgamated Bank highlights the risks that banks may face when highly-placed employees leave their jobs on bad terms.
Neuberger Berman launched a new junk-bond fund using tokenized securities, a process that has been the focus of crypto firm Securitize for more than a decade.
The president has initiated a for-cause process to remove the Federal Reserve Board governor from office, something only one president has successfully done before. But that century-old precedent may not offer Trump much useful guidance in his quest.
Executives at three regional banks that are participating in a tokenized-deposit network discussed how they are retooling their risk practices to fit always-on conditions.
During a court hearing Tuesday, appellate judges expressed skepticism about a Colorado effort to cap the rates on consumer loans that out-of-state banks make to Coloradans.
The Securities and Exchange Commission kicked off rulemaking intended to make it easier for crypto firms to raise money without having to go through the full securities registration process.
