Top News In Fintech And Beyond For February 7, 2022

👋 Good morning! Here are the top things to focus on, today.

→ Senator sounds alarm on the rollout of digital yuan.
→ 'Snake oil salesman' advised Trump on the election.
→ Biden fortune teller says Ukraine invasion nearing.

👉 Top Things To Know In Fintech

• Visa crypto card use hits $2.5B Q1. V
• Primex secures $5.7M seed round.
• Qredo taps $80M in funding round.
• RareCircles raises $7.5M in a seed.
• Bunq adds investing functionalities.
• R2 secures $5.9M for SMB fintech.
• Tribal adds $60M in funding round.
• Unified turned to Tipalti for payouts.
• B2B payments fintech Flexio raises.
• BoE to not develop CBDC wallets.
• FTX Ventures is closing in on deals.
• Numeral upping corporate banking.
• Pay Theory adds $2M seed round.
• PAI has purchased TouchPoint 21.
• Monzo beats Starling on overdraft.
• Cannabis fintech hits the $2B mark.
• PayTile, Cross River partnering up.
• London VC SuperSeed added fund.
• Fed, MIT see digital dollar promise.
• Fintech Chainalysis bought Abaxx.
• Cboe to list SPX Tue, Thur options. CBOE
• Cameo eyes NFTs w/ Cameo Pass.
• Paytm adds wider losses post-IPO.
• Banks are looking to LatAm fintech.
• Revolut enters the insurtech space. 

🏆 The Fintech Awards Are Upon Us: Benzinga is bringing back its annual Global Fintech Awards event this November.

Participants will be recognized and awarded for creating positive and diverse change in the financial services space. Nominees with the highest amount of votes from a public voting round even have a chance to win a People's Choice Award!

To participate in this recognition of the next wave of disruptive innovation in financial services, please visit bzawards.com to learn more.

For questions, you may contact events@benzinga.com.

🔦 Spotlight: Institutions now make up 50% of Coinbase's COIN business, up from 10% three years ago, the head of Coinbase Institutional said Wednesday during MicroStrategy's MSTR Bitcoin BTC/USD for Corporations conference.

Source: CoinDesk

👉 Interesting Reads

• New report on crypto industry jobs.
• Why higher oil prices could remain.
• Metformin is sought by billionaires.
• Options market structure unpacked.
• Finance goals and knowledge gap.
• Will staking and mining be tax-free.
• Unpacked: Uncollateralized lending.
• NYT genius’ bad take on Escalade.
• GoFundMe stole from truck convoy.
• Article threw shade at Bezos yacht.

📚 Thought-Provoking Statement: Market down, bonds down, dollar down.

That's a deleveraging. The bond market has no convexity at all.

Earnings casino is a sideshow.

Source: Ken Goodreau