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Technology

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  • Bitfinex, the often and rightly criticised cryptocurrency exchange, is in a standoff with the New York Attorney General’s office (NYAG), which has accused it of a $850m fraud.
  • Chicago-based exchange ErisX has launched a spot market in cryptocurrencies after closing a third round of fundraising from venture capital investors.
  • Cryptocurrency exchange BeQuant has appointed a former CME Group executive as a consultant to help it cope with increased regulatory pressure as it grows an institutional cryptocurrency trading business and expands its custody offering.
  • Santander creates new sales role — Barclays origination banker leaves — Algomi co-founder helps another fintech
  • The heads of two of the world’s leading global financial regulators have hailed the potential of financial technology to help lift people out of poverty by connecting them to the banking system. But both Agustín Carstens, General Manager of the Bank for International Settlements, and Christine Lagarde, the managing director of the International Monetary Fund, warned of potential risks.
  • Société Générale has issued the first covered bond as a security token on a public blockchain last week.