By emphasizing retention and transparency, surviving crypto platforms—as well as newcomers—have moved to build out their communications, support, and research teams, solving for sustainable and informative relationships with users.
Read MoreIn an interview with The Financial Revolutionist, Katherine Kirkpatrick Bos, Chief Legal Officer at Cboe Digital, outlines the state of crypto regulation, makes a case for institutionally backed crypto solutions, and describes non-crypto use cases for blockchain technology.
Read MoreWhile public attention remains focused on high-profile legal activity against symbolic leaders like Sam Bankman-Fried, other—more compliant—actors remain focused on recovering the sector’s status and helping it grow sustainably and transparently.
Read MoreAccording to Mauricio Di Bartolomeo, Co-Founder and CSO of Ledn, the crypto landscape in the US is moving into another regulatory phase.
Read MoreThe FR interviews Eric Satz, Founder & CEO of Alto, on how the shifting legal status of crypto has affected its use in retirement products.
Read MoreJonathan Chen, Nitra’s Founder and CEO, said his startup was not immediately affected by SVB’s woes, but friends’ startups were.
Read MoreRouter Protocol CEO and Co-Founder Ramani Ramachandran expects current banking woes to catalyze another wave of crypto-based innovation, particularly around crypto-backed stablecoins.
Read MoreTrading platform Robinhood announced the release of a beta version of its web3 wallet. The wallet will be available to 10,000 test users before being released to the public in May.
Read MoreIn early July, El Salvador-based payments startup n1co raised $12M in a pre-seed round. The fintech spinoff of super-app Hugo, n1co launched as its own company in early 2022.
Read MoreReporting by Bloomberg suggests the crypto sectors’ peak market cap of $3T may have been misleading. Crypto’s value now hovers around $1T.
Read MoreA new court filing suggests Celsius Network, the cryptocurrency lender that declared bankruptcy in July, only has enough money to sustain itself until October. At current crypto prices, Celsius holds $2.8B less in cryptocurrency than it owes clients.
Read MoreIn late July, West Virginia State Treasurer Riley Moore announced that BlackRock, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo were no longer eligible to receive state banking contracts because they “engaged in boycotts of fossil fuel companies” through their ESG policies. The measure does not ban the banks from operating in West Virginia.
Read MoreOver the past 18 months, crypto companies have spent more than $2.4B on sports marketing, namely ads and sponsorships. Though crypto’s push into sports sponsorships has slowed down since the onset of the crypto winter, some crypto firms are still doubling down on big-budget deals.
Read MoreBlackRock announced that its customers also using Coinbase will have access to the crypto exchange’s Prime program, a crypto trading platform for institutional investors. Shares in Coinbase were up 31% in early trading today.
Read MoreIn an interview with CoinDesk, Antonio Garcia Pascual, Deputy Chief of the Global Market Analysis Division at the International Monetary Fund (IMF), said crypto’s nosedive hasn’t caused a similar downturn in the “real economy.” The crypto sector’s market cap has slid from $3T to $873B since November 2021.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
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