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Germany's financial markets watchdog (BaFin) ordered the fintech N26 Bank on Wednesday to step up controls to ensure it is better protected against money laundering.

German insurer and asset manager Allianz has led a C$100 million ($74.55 million) capital raise for Canadian financial technology company Wealthsimple.

Germany's financial markets watchdog (BaFin) on Wednesday ordered the fintech N26 to take measures to prevent money laundering, including reidentifying some existing customers and catching up on a backlog of IT monitoring.

Nepal has banned popular Chinese digital payment apps WeChat Pay and AliPay saying payments from the unregistered systems were illegal and resulting in a loss of income to the Himalayan nation, a spokesman for the central bank said on Wednesday.

Facebook has set up a new financial technology company in Switzerland focusing on blockchain and payments as well as data analytics and investing, Geneva's commercial register shows.

The price of bitcoin abruptly sank more than 20% on Friday, a move that didn't appear to have a particular trigger and came after a strong recovery in the crypto-currency since early April that took it to 10-month highs. (BTC )

Several of the world's largest banks are in the process of investing around $50 million to create a digital cash system using blockchain technology to settle financial transactions, according to people familiar with the plans.

Some of the biggest, highest-profile U.S. hedge fund investors fell back in love with FAANGs in the first quarter, according to regulatory filings released on Wednesday.

Tencent Holdings Ltd posted record quarterly profit on Wednesday, smashing market expectations, as the social media and gaming giant booked a rise in the value of its investments while fintech and cloud revenues helped make up for declines in games.

Shares in payments and foreign exchange company Finablr fell almost 8% below its listing price in its London market debut on Wednesday, in a sign that investors may have had their fill of fintech flotations in skittish global markets.

Tencent Holdings Ltd posted record quarterly profit on Wednesday, smashing market expectations, as the social media and gaming giant booked a rise in the value of its investments while fintech and cloud computing make up for declines in games.

Tencent Holdings Ltd booked a 17% profit rise for the three months ended March, and revealed it made more revenue from FinTech and business services than smartphones games for the first time as it bore the brunt of regulatory setbacks in its mainstay games business.

Bitcoin's weathered hacks, heists, booms and busts to reign as the king of cryptocurrencies through its first decade. But now there's a fresh challenge to its dominance of the fledgling market: some 2,000 smaller digital coins. (BTC )

Bitcoin's share of the cryptocurrency market is sliding, with a host of alternative digital coins gaining ground as developers race to create digital cash that can gain a footing in mainstream commerce and finance. (BTC , XMR )

Bitcoin's weathered hacks, heists, booms and busts to reign as the king of cryptocurrencies through its first decade. But now there's a fresh challenge to its dominance of the fledgling market: some 2,000 smaller digital coins. (BTC )

Bitcoin's weathered hacks, heists, booms and busts to reign as the king of cryptocurrencies through its first decade. But now there's a fresh challenge to its dominance of the fledgling market: some 2,000 smaller digital coins. (BTC )

Bitcoin's share of the cryptocurrency market is sliding, with a host of alternative digital coins gaining ground as developers race to create digital cash that can gain a footing in mainstream commerce and finance. (BTC , XMR )

Bitcoin hit its highest level in 10 months on Tuesday, raising hopes among cryptocurrency enthusiasts of greater mainstream acceptance as an escalating U.S.-China trade war roiled global markets, but others urged investor caution. (BTC )

India's top digital payments firm Paytm on Tuesday launched a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its credit card customer base in the country.

ION Investment Group, the owner of data provider Dealogic, on Monday bought a controlling stake in financial news and data firm Acuris, known for its Mergermarket and Debtwire brands, for 1.35 billion pounds ($1.76 billion), including debt. (ION )

Cryptocurrency hedge funds managed three times more in investments in the first quarter of this year than in early 2018, a report by consultancy PwC and investment firm Elwood showed on Monday.

Private equity firm BC Partners said on Monday it would sell its majority stake in financial media and data firm Acuris to Irish software firm ION Investment Group. (ION )

Bitcoin hovered above $7,000 on Monday, close to nine-month highs, as the biggest cryptocurrency's 2019 rally gathered steam. (BTC )

U.S. entrepreneur and cryptocurrency investor Michael Terpin won $75.8 million in a civil judgment against a 21-year-old man who Terpin said was part of a scheme that defrauded him of digital currencies, court documents showed on Friday.

State-controlled lender Banco do Brasil SA sees fiercer competition with financial startups as likely to reduce the country's average credit margins in the coming quarters, CEO Rubem Novaes told journalists on Thursday.

German payments firm Wirecard is considering buying back shares following its partnership with Japan's Softbank Group which it said on Wednesday had already created leads for potential cooperation in digital payments.

Hackers stole bitcoin worth $41 million from Binance, one of the world's largest cryptocurrency exchanges, the company said on Wednesday, the latest in a string of thefts from cryptocurrency exchanges around the world.

Brazilian fintech firm Nubank will open an office in Mexico on Tuesday, an initial step in a potential expansion into other Latin American countries, a company executive said.

Brazilian fintech firm Nubank will open an office in Mexico on Tuesday, an initial step in a potential expansion into other Latin American countries, a company executive said.

Japan's SoftBank Group invested about $20 million in Mexican payments startup Clip early this year, one of its first Latin America deals as it launches a $5 billion technology fund in the region, said three people familiar with the matter.

Bitcoin jumped to a new six-month high on Friday in a move that traders said was the result of technical forces, with no immediate news catalysts sending the cryptocurrency higher. (BTC )

German investigators have shut down the world's second largest criminal online trading platform and detained three German men suspected of running it, the Frankfurt public prosecutor's office said on Friday.

Microsoft Corp on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use.

The collapse in value of cryptocurrencies came at on opportune time for Intercontinental Exchange Inc, allowing the exchange operator to buy assets at a discount for its long-awaited crypto-trading platform affiliate Bakkt, the head of the company said on Thursday.

Britain's competition watchdog on Tuesday provisionally cleared PayPal Holdings Inc's $2.2 billion takeover of Swedish fintech startup iZettle, saying the deal did not raise competition concerns.

The armed wing of Hamas is using increasingly complex methods of raising funds via bitcoin, researchers say, highlighting the difficulties regulators face in tracking cryptocurrency financing of outfits designated by some as terrorist groups.

The armed wing of Hamas is using increasingly complex methods of raising funds via bitcoin, researchers say, highlighting the difficulties regulators face in tracking cryptocurrency financing of outfits designated by some as terrorist groups.

Cryptocurrency dealer Genesis Global Trading said on Thursday it loaned digital assets valued at $1.53 billion to institutional borrowers in the year since it launched its lending business in March 2018, an indication of demand for the emerging lending market for cryptocurrencies.

German digital payments company Wirecard on Wednesday said all its subsidiaries were subject to regular audits, denying a Financial Times report.

New York-based startup Chainalysis said on Wednesday it has expanded its real-time transaction monitoring service to cover 10 cryptocurrencies as part of an initiative to help reduce global anti-money laundering activities.

Japan's Softbank Group Corp will buy a 5.6 percent stake in Wirecard for around 900 million euros ($1 billion), the German company said on Wednesday, joining forces in the digital payments sector.

Swiss investment firm Final Frontier and global blockchain technology company the Bitfury Group, which was recently valued at $1 billion, on Wednesday announced the launch of a regulated bitcoin mining fund.

Brazil's antitrust watchdog Cade is investigating four banks in the country for allegedly creating competition hurdles to digital banking newcomer Nubank, the watchdog said in a statement on Monday.

The Thai navy on Saturday boarded the floating cabin of a fugitive U.S. bitcoin trader and his Thai girlfriend, both prominent members of the

Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they're steering clear of the volatile currencies themselves.

Proof of Capital, a U.S. venture capital fund, was launched on Wednesday with funding of $50 million, its founders said in a statement. The fund will invest in blockchain projects.

New York-based cryptocurrency compliance startup Chainalysis has raised $6 million in funding from Japanese financial group Mitsubishi UFJ Financial Group Inc and venture capital firm Sozo Ventures, the company said on Tuesday.

France will push for the European Union to adopt a regulatory framework on cryptocurrencies similar to the one it brought in last week at a national level, becoming the first major country to do so, French Finance Minister Bruno Le Maire said on Monday.

A mutual health aid plan launched by Ant Financial Services Group, the dominant fintech player in China, has amassed more than 50 million users and is aiming for 300 million within two years, the company said late on Thursday.

The New York Department of Financial Services said on Wednesday it has rejected the application of Bittrex, a U.S.-based digital asset exchange, for a virtual currency license that it needs to operate in the state.