In a landmark judgement, the US Securities and Exchange Commission has approved 11 bitcoin spot ETFs paving the way for mass adoption of digital assets.

A former senior executive at Stripe has raised $3 million in pre-seed funding to build an AI-powered business account for European startups.

The US Treasury has confirmed plans to phase out the penny, with one cent coins no longer produced from next year.

Berlin-based startup Credibur has secured $2.2 million in pre-seed funding to launch its credit infrastructure platform.

Danish due diligence startup Spektr has hired former Citi and Google executive Reno Mathews as chief compliance officer.

In collaboration with Microsoft, cross-border transaction network RTGS Global has launched the first stage of its operational rollout to boost visibility of interbank liquidity.

Venture capital investment in US fintech remains muted, hovering near a six-year low for the sector, as deal flow has shifted toward the early stage, according to a report from Silicon Valley Bank.

A former Adyen executive and an ex-UBS analyst have become the latest entrants into the increasingly crowned stablecoin infrastructure market, raising $22 million in seed founding for their startup, Noah.

Money transfer fintech Wise says some of its customers may have been caught up in the recent hack on Evolve Bank & Trust.

Comun, a Latino-founded neobank for immigrants in the US, has raised $21.5 million in a Series A funding round.

Paxos has received full approval from the Monetary Authority of Singapore to offer Digital Payment Tokens and has lined up DBS Bank as its primary banking partner for cash management and custody of stablecoin reserves.

Digital wealth management platform and online broker Scalable Capital has been granted authorisation by the ECB to conduct deposit and lending business as a fully-fledged bank.

Wealthtech Allfunds has set up a blockchain company to develop a new payment model it says will provide more efficient settlement processes in the investment fund industry.

Ahead of Sustainable Finance Live, a Finextra Research and Responsible Risk event, WWF and The World Bank have released a report highlighting how the financial sector can benefit from the emerging field of spatial finance, complementing existing ESG data streams and providing an outline for a robust taxonomy.

UK robo advisory platform Wealthify is using payment initiation services from Tink to enable users to load and top-up investment funds without leaving the app.