January 18, 2022
November 18, 2021

Hester Peirce scoffed at adding new watchdog, Ethereum hits new all-time high, and 17 Fintech trends you should know about

The landscape of Fintech, crypto, and DeFi is ever-changing. Each week, we will pull together some highlights worth noting. Here are last week’s insights, news, and trends that caught our attention:

“Crypto mom” Hester Peirce scoffed at the idea of adding a new watchdog for digital assets

US Securities and Exchange Commissioner Hester Peirce isn't a fan of adding another government regulator to oversee cryptocurrencies. "We have such a fragmented regulatory system for financial products and services generally that I don't know that adding another regulator would be my top preference," said Peirce, who has been affectionately dubbed the "crypto mom" by digital token fans.

Ethereum hits new all-time high, bitcoin inches toward record as cryptocurrencies rally

Ethereum, the world’s second-largest digital coin, surged more than 4% in 24 hours Monday to hit a new all-time high above $4,700. Bitcoin climbed 7% to a price of $66,250, inching back toward its record high above $66,900, set in late October. It comes amid ongoing excitement around DeFi.

17 Fintech Trends You Should Know About: The Ultimate Guide

Fintech is a rapidly evolving development with the potential to disrupt many parts of the financial sector. The growth of financial technology companies in recent years has been astonishing.

There are now more than 26,000 fintech companies operating internationally, and collectively they employ around 500,000 people worldwide. About 30% of all banking customers use at least one financial service offered by a non-traditional provider.

A little-known cryptocurrency spiked 400% after Facebook changed its name to Meta

Mana, a little-known cryptocurrency used for buying and selling virtual land, saw its price spike over the weekend amid excitement over Facebook’s rebrand.

The price of Mana hit an all-time high of $4.16 on Saturday evening, according to CoinMarketCap data, up 400% from where it was trading shortly after Facebook announced it was changing its name to Meta. It has fallen since, having last changed hands at around $3.16.