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Finance

Tech Insight: The fintech we knew is dead

Fintech that once shook up banking with mobile and cloud has run its course as an investment theme, fintech expert and influencer Simon Taylor (사이먼 테일러) wrote on X. He said features that once set fintech firms apart are now standard across financial companies, while fintech investment increasingly concentrates in AI. Taylor said finance is being reshaped across decision-making, record-keeping and distribution as AI models, tokens and AI agents take larger roles.

Crypto

Revolut launches euro-pegged stablecoin EURR

Fintech firm Revolut has launched its first euro-pegged stablecoin, EURR. Blockchain outlet U.Today reported that Revolut has joined the ranks of fintech firms issuing their own stablecoins. Revolut said EURR is designed to maintain the same value as 1 euro, providing users an additional payment option and enabling digital euros to be moved on-chain. Revolut said EURR was launched via a subsidiary regulated under MiCA rules.

Crypto

$5,000 flows into Satoshi dormant wallet, funds effectively unrecoverable

Bitcoin worth about $5,000 has newly flowed into a dormant wallet linked to Bitcoin creator Satoshi Nakamoto. The funds were sent from a Revolut co-owned hot wallet, making it hard to identify the sender. On-chain data show the sender tested the address with small transfers before sending 0.033 BTC. The recipient is a so-called Patoshi address cluster holding 1.11 million BTC, a holding described as untouched.