# Fintech Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Fintech", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Investment Company ARK Invest Bought Depreciated Block Inc Shares for $15 Million

ARK Invest, led by Cathie Wood, purchased $15.4 million worth of shares in Block Inc. on August 18, 2026, as the fintech company's stock price fell 3.2% to $80.20. The acquisition was made through the Ark Innovation ETF (ARKK) and Ark Blockchain & Fintech Innovation ETF (ARKF). This follows a nearly $21 million purchase the previous week, which occurred after Block reported weaker-than-expected Q2 2026 financial results, causing a more than 6% single-day drop. Despite recent corrections, Block's stock has risen nearly 50% over the past six months, leading the company to raise its full-year profit forecast by 21% to $12.51 billion. Block Inc. now constitutes 6.47% of Ark Invest's portfolio, becoming the second-largest holding in the ARKF ETF. Additionally, Ark bought 189,796 shares of Securitize for $1.02 million after its price declined 3.9% to $5.39.

cryptonews.ru08/19 07:54

Investment Company ARK Invest Bought Depreciated Block Inc Shares for $15 Million

cryptonews.ru08/19 07:54

Money20/20 Middle East returns to Riyadh as global fintech leaders gather to shape the future of finance

Money20/20 Middle East will return to Riyadh from September 14-16, 2026, solidifying Saudi Arabia's position as a fast-growing fintech hub. Hosted by key Saudi financial authorities and co-organized by Tahaluf and Fintech Saudi, the event expects over 38,000 attendees, 350+ exhibitors, 350+ speakers, 600+ investors, and 150 startups. It will gather global regulators, institutions, innovators, and investors to explore trends shaping finance's future across six key content pillars. An initial speaker lineup includes executives from Citi, State Street, BlackRock, Deutsche Bank, and Tabby. Founding Partners Visa and Tamara, along with several Strategic and Platinum Sponsors, have confirmed support. The event will feature keynote discussions, forums, and leadership sessions at the Riyadh Exhibition & Convention Centre, aiming to build partnerships and define the next chapter of global financial services.

cointelegraph08/18 17:31

Money20/20 Middle East returns to Riyadh as global fintech leaders gather to shape the future of finance

cointelegraph08/18 17:31

Attention XRP Investors: Ripple Announces Partnership with Major Bank! 'This will be the first bank of its kind in the country!'

Despite XRP's significant ongoing price surge, Ripple is solidifying its lead in the blockchain ecosystem by expanding its corporate digital asset services through new global partnerships. The company announced a strategic partnership with Jeonbuk Bank, a major regional bank in South Korea under JB Financial Group. Jeonbuk Bank will utilize Ripple Payments infrastructure for cross-border commercial transactions, becoming the first regional bank in South Korea to do so. The partnership aims to provide faster cross-border payment services for corporate clients like import/export firms, tech startups, and online content creators. Ripple's technology processes payments in seconds or minutes, operating 24/7, and can streamline the traditional SWIFT-based international transfer process by eliminating multiple intermediaries for near real-time settlement. Ripple's APAC General Manager highlighted growing Korean corporate finance interest in digital asset infrastructure, while the bank's chairman stated the move aims to boost competitiveness in digital financial services and expand global service offerings.

cryptonews.ru08/18 16:10

Attention XRP Investors: Ripple Announces Partnership with Major Bank! 'This will be the first bank of its kind in the country!'

cryptonews.ru08/18 16:10

South Korea’s Jeonbuk Bank taps Ripple for cross-border payments

South Korea's Jeonbuk Bank has partnered with Ripple to implement its Ripple Payments platform for business customers. The service aims to enable near-instant, 24/7 cross-border transfers, offering a faster and cheaper alternative to traditional SWIFT-based transactions. While targeting businesses like import-export firms and tech startups, specific details on availability, supported currencies, corridors, fees, and whether it will use XRP, RLUSD, or other settlement methods were not disclosed. This marks Ripple's third partnership with a South Korean financial institution this year.

cointelegraph08/18 13:11

South Korea’s Jeonbuk Bank taps Ripple for cross-border payments

cointelegraph08/18 13:11

"We have long ceased to be a crypto company": Tether CEO made a statement after KPMG audit

Stablecoin giant Tether has engaged Big Four auditor KPMG to verify its reserves, including a physical count of roughly 150 tons of gold in a Swiss vault. The audit confirmed the gold is present and that Tether's total reserves exceed its liabilities by $6.8 billion. CEO Paolo Ardoino described the process as "a physically heavy exercise" in an interview with Fortune. The audit aimed to address a long-standing conspiracy theory in the crypto world that USDT is not properly backed and could face a mass default. In a significant statement, Ardoino declared, "We haven't considered ourselves a crypto company for a long time. I think we are a digital dollar and digital gold company." He noted Tether has over 650 million users globally, with a strong focus in Africa and South America, where demand for stable digital assets is high due to recurring currency devaluations. Beyond financial services, Tether has been investing in decentralized communications, agriculture, and solar-powered kiosk networks for low-cost autonomous electricity. The company's next strategic move is to provide basic AI services to its user base in developing countries. Ardoino emphasized that even in the poorest nations, most people have a mobile phone capable of running simple AI models. The goal is to offer affordable, fundamental tools in sectors like healthcare, finance, and sports for a few dollars per month, payable via Tether or other digital payments. Ardoino expressed concern about societal inequality transforming from a wealth gap into a deeper "intellectual gap."

cryptonews.ru08/18 09:58

"We have long ceased to be a crypto company": Tether CEO made a statement after KPMG audit

cryptonews.ru08/18 09:58

India’s Top Traders & Investors will Gather at Money Expo India 2026

Money Expo India 2026 is set to take place at the Jio World Convention Centre in Mumbai on August 29-30, marking its fifth edition. The event will gather over 120 exhibitors and 100+ speakers, including traders, investors, fintech professionals, and financial institutions. It aims to showcase the latest technologies, strategies, and opportunities in areas like online trading, stock markets, digital payments, and investment platforms. A key highlight is the speaker lineup featuring industry leaders such as Prasanna Lohar (India Blockchain Forum), Vijay Krishnamurthy (India INX, GIFT City), and experts from firms like Edelweiss Mutual Fund, Kotak Securities, and Motilal Oswal. The agenda will address current market shifts, including risk management in derivatives and factors influencing broker choice for informed traders. The expo provides a platform for direct engagement, networking, and discovering new products, offering attendees insights into India's rapidly evolving financial landscape.

TheNewsCrypto08/18 07:36

India’s Top Traders & Investors will Gather at Money Expo India 2026

TheNewsCrypto08/18 07:36

South Korean Jeonbuk Bank partners with Ripple for cross-border payments

South Korea's Jeonbuk Bank has partnered with blockchain payments firm Ripple to implement a cross-border payment system for its corporate clients. Using Ripple Payments, clients, including import/export companies, tech startups, and online content creators, can conduct international money transfers 24/7 in seconds or minutes. Ripple claims this system will be faster and cheaper than traditional SWIFT transfers, which can take several days. The companies did not disclose the service's current availability, supported corridors, currencies, fees, or expected transaction volumes. It is also unclear whether transfers will utilize XRP, Ripple's RLUSD stablecoin, another digital asset, or traditional fiat settlement. This marks Ripple's third partnership with a South Korean financial institution this year, following deals with Kyobo Life Insurance for on-chain government bond settlement and Kbank for institutional wallet infrastructure.

cryptonews.ru08/18 05:15

South Korean Jeonbuk Bank partners with Ripple for cross-border payments

cryptonews.ru08/18 05:15

Police investigate possibility of substance abuse in connection with the fatal fall of Harry Ye

The mysterious death of Harry Ye, managing partner and founder of the Quantum Fintech Group, a fund with over $2 billion in assets, is under investigation in Paraguay. Ye fell to his death from the 30th floor of the Jade Park residential complex in Asunción on August 7 and was found completely naked. The autopsy confirmed death by multiple injuries from the fall, with no gunshot or stab wounds. A toxicology report was impossible due to the state of the remains. A building employee reported seeing a naked foreigner wandering the premises the day before, matching Ye's state. Police chief Francisco Ávalos suggested Ye may have suffered a mental health episode or substance abuse issue. While not ruling out foul play, Ávalos noted the high-security complex made unauthorized entry difficult. Ye's apartment was found in disarray, possibly from a rage episode. The investigation continues amid a global rise in attacks on wealthy cryptocurrency owners.

cryptonews.ru08/16 10:21

Police investigate possibility of substance abuse in connection with the fatal fall of Harry Ye

cryptonews.ru08/16 10:21

Ireland Plans Industry Standards to Combat Illicit Use of Cryptocurrencies

Ireland has published its first National Strategy against Money Laundering, Terrorist Financing, and Proliferation Financing, detailing plans to counter the illicit use of digital assets. The strategy, released by the Department of Finance, implements reforms to strengthen Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) measures for the crypto sector. New obligations are introduced for crypto asset service providers, including enhanced due diligence for transfers involving non-custodial wallets and stricter checks when dealing with foreign crypto firms. The government noted that legislation to align with the EU's Markets in Crypto-Assets (MiCA) regulation is at an advanced stage. The strategy also addresses standards for accepting cryptocurrency as a source of funds for gambling activities. This follows Ireland's first national risk assessment for crypto in seven years, with plans to implement these sectoral standards by the second half of 2027.

cryptonews.ru08/15 12:38

Ireland Plans Industry Standards to Combat Illicit Use of Cryptocurrencies

cryptonews.ru08/15 12:38

JPMorgan Cuts Banking Ties with Polymarket Due to Regulatory Risks

JPMorgan Chase ended its banking relationship with the crypto-based prediction market Polymarket in October 2025 due to regulatory concerns, according to a Financial Times report citing sources. While the bank requested Polymarket find a new financial partner, the companies did not sever ties completely; JPMorgan reportedly remains interested in underwriting a potential future IPO for the platform. This move reflects a broader trend of increasing regulatory scrutiny on prediction markets globally. In the US, several states are challenging the legality of such platforms in court, while other countries have outright blocked access, classifying them as gambling rather than financial tools. Analysis suggests JPMorgan's decision aligns with traditional banks' general wariness. Past regulatory actions, including a $1.4 million CFTC fine against Polymarket in 2022, and a coinciding Congressional investigation into potential insider trading on Polymarket and competitor Kalshi, likely influenced the bank's move to mitigate reputational risk. The situation raises questions about whether JPMorgan's interest in a future IPO signals eventual legitimacy for prediction markets or is merely a way to secure future fees while avoiding current operational risks.

cryptonews.ru08/14 11:20

JPMorgan Cuts Banking Ties with Polymarket Due to Regulatory Risks