Visa (V) is combining its VisaNet settlement data with onchain lending infrastructure to help stablecoin-linked card programs and fintechs obtain working capital, the company said Tuesday. The move could give lenders a clear view of a payment card program’s settlement receivables, the money it is due after payments clear. With customer authorization, that data can
CEA Industries (Nasdaq: BNC) saw a pre-market surge that ran over 80% early US hours on Tuesday, September 8, riding on the momentum that started when $BNB Chain-backed launchpad, Four.meme debuted BNC4 as the first token under its 4Stock product rollout. As of this Cryptopolitan report, BNC has cooled down to $5.57 per Google Finance,
The Robinhood stock price has soared more than 3% in pre-market trading hours today, with analysts remaining bullish on further upside. Notably, Wall Street analysts like Goldman Sachs and Jefferies have recently lifted their price targets for HOOD stock, highlighting the strong business momentum of the online brokerage firm.
Cathie Wood’s ARK Invest is becoming the clear frontrunner in the effort to launch the first tokenized investment funds in the U.S., according to reports. The update suggests that ARK Invest could outpace other competitors such as BlackRock and Fidelity if the Securities and Exchange Commission rolls out an innovation exemption that is linked to
Tokenized stocks are becoming increasingly relevant in the financial landscape, as highlighted by CryptoTwitter commentator @AerodromeFi. The emphasis on their productivity suggests a shift in how market participants perceive these digital assets. This growing acceptance could lead to further developments in tokenized trading platforms and investment opportunities. The Latest The broader crypto market is currently
Won-denominated stablecoins could reduce South Korean merchants’ annual payment fees by between 370 billion won ($275 million) and 5.15 trillion won, the National Assembly Budget Office said. The parliamentary budget office’s analysis estimated the savings under different assumptions about how much card spending moves to stablecoin payments and the fees those systems charge. Stablecoins are
Simon Gerovich, CEO of bitcoin $BTC$78,953.70 treasury company Metaplanet (3350), responded to criticism surrounding the company’s executive compensation plan and his role in MMXX Ventures, a shareholder in the company. In a post on X on Sunday, Gerovich acknowledged that Tokyo-based Metaplanet “had not done a good enough job” of explaining the equity remuneration arrangement
India has reportedly attracted more than $136 billion in foreign currency funding. While this gives much support to the rupee, it also comes with its own risks. As most of the funds came from FCNR deposits, they cannot be considered permanent gains for the country. With the huge inflow adding a large amount of rupee
Robinhood Markets stock (NASDAQ: HOOD) ended Friday at $122.11, capping a volatile week in which Wall Street became markedly more bullish on the brokerage just as its valuation became harder to ignore. Morgan Stanley upgraded Robinhood to Overweight from Equal Weight and raised its price target to $150 from $124. Piper Sandler lifted its target