Economic news

Host Brett King reports from this week's LendIt conference in New York.

U.S. regulators rejected an exchange-traded fund based on bitcoin, wiping out weeks of gains for the digital currency as investors speculated the Securities and Exchange Commission would approve the security.

The move may prove particularly helpful in reaching rural parts of India, where the latest smartphone technology has not arrived.

Contrary to the opinion that the Federal Reserve is out of “options” to boost the economy, the central bank still has these three liquidity-strengthening tools at its disposal.

The question is more than academic. At stake is the role blockchain technology can play in lowering the costs of raising money.

Banks have signaled bullishness for blockchain tech. But some say ignorance is leading to ill-informed choices.

Banks have traditonally lagged behind in embracing innovation, though blockchain provides the opportunity to quickly ramp up digital services.

Ellen Ford and Robert Miller have been names as members of the Federal Reserve Bank of Boston's First District Comunity Depository Institutions Advisory Council.

Blockchain, the technology behind bitcoin, is increasingly seen as a way to cut costs for international payments.

The fast-moving innovations enabled by blockchain technology defy the ability of state governments to regulate the distributed ledger space constructively and efficiently.

Tala, based in Santa Monica, Calif., makes its loan decisions after analyzing data on the mobile phones of users in Kenya and the Philippines.

China's role in the in bitcoin market has increased in recent years as its citizens are among the virtual currency's leading traders and miners.

The president’s vow to impose a 20% tax on Mexican imports could make life harder for the Citigroup-owned unit, which is Mexico’s second-largest bank.

Bank CEOs have recently raised red flags about the president's protectionist rhetoric, including his proposals to tax imports from China and Mexico. The concerns have arisen as import-export financing is already facing headwinds.

Spark ATM expects the deal will help expand services offered to local banks and retailers in South Africa and other markets in the region.

Bloomberg News conducted interviews and reviewed public statements to discover what each major bank is now planning in the wake of Brewxit.

In markets such as Africa there's a huge market for mobile payments, but a regulatory environment that has not caught up

While the true impacts of the United Kingdom's departure from the European Union are still unknown, there are a number of factors that will pressure payments innovation.

The goal of Deloitte's new blockchain-focused lab in New York is to turn proofs of concepts into real solutions.

In the headlong rush to revolutionize modern finance, blockchain enthusiasts are overlooking one potentially costly problem: their applications, built on open-source code, may actually belong to someone else.