Stripe’s big announcement led the week’s news and we witnessed the reaction from Plaid’s CEO in real time. Also making news this week was changes to the CRA have finally been proposed, Yuga Labs almost crashed Ethereum, Robinhood starts a stock lending program, Affirm teams up with Fiserv and more. Here are what I consider to be the top ten fintech news stories of the past week.
The Yuga Labs Catastrophe Could Have Been Prevented from CoinDesk – It was a crazy Saturday a week ago for Yuga Labs and for Ethereum users. There was an NFT sale on Otherside (a metaverse) that caused already high Ethereum gas prices to spike 10x or more and also caused many transactions to fail.
Robinhood Launches Stock-Lending Program from The Wall Street Journal – Robinhood is joining the likes of Charles Schwab, Fidelity and TD Ameritrade with a stock lending program for eligible customers.
NFT Sales Are Flatlining from The Wall Street Journal – In the same week that we had the record breaking NFT sale on Otherside the WSJ took a look at the broader NFT space and noticed some decidedly bearish indicators. It is probably too early to draw any long term conclusions but some people who jumped in early have seen the value of their NFTs plummet.
Every Thursday, the LendIt Fintech News team and a special guest discuss the news of the week live on LendIt TV, YouTube, LinkedIn, and Twitter. We have now made the show available in podcast format – click on the audio player below.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.