Fintech Focus For November 23, 2021

One Big Thing In Fintech: Citigroup C has named a new head of digital assets within the division housing its investment bank, and will hire an additional 100 staff as part of a fresh push into the sector.

Source: Financial News

Other Key Fintech Developments:

• Revolut, Cube are teaming up.
• AllianceBlock releasing a DEX.
• FTX reshaping futures market.
• ECB extended PISA to crypto.
• Fiserv has acquired BentoBox. FISV
• Greenlight and Amazon collab.
• Slide closes $100M in a round.
• Epay releases new bill product.
• NFT platform Royal taps $55M.
• Crypto firm MoonPay is raising.
• Lydia and Bitpanda teamed up.
• Abeg facing its biggest test yet.
• Blackboxstocks hits 6.0K subs.
• Pomelo Pay adds $10M round.
• VentureSouq adds fintech fund.
• Republic sets sights on Miami.
• Vesttoo added $15M Series B.
• Ripple may see huge adoption.
• EarlyBird secures a $4M raise.

Watch Out For This: The latest U.S. Covid-19 wave is taking its toll on some states’ intensive-care units, with several parts of the country seeing outbreaks that are as bad as ever.

Source: Bloomberg

Interesting Reads:

• Secfi unpacking stock options.
• Regulators talk out stablecoins.
• Niantic building the metaverse.
• Humanity center of wealthtech.

Market Moving Headline: OPEC+ officials warned they’re likely to respond to plans by the world’s largest oil consumers to release oil from their strategic stockpiles, setting up a fight for control of the global energy market.

Source: Bloomberg