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Revolut launches facial recognition payments in the UKRevolut fintech users will be able to make payments at cafés or shops using facial recognition technology. In an effort to attract more business customers, the company is currently testing the relevant tool in the UK, Bloomberg reports citing a company statement. Details

Revolut launches facial recognition payments in the UK

Revolut fintech users will be able to make payments at cafés or shops using facial recognition technology. In an effort to attract more business customers, the company is currently testing the relevant tool in the UK, Bloomberg reports citing a company statement.
Details
“The U.S. is the main prize”: how Revolut and Nubank plan to conquer the American marketThe two largest digital banks in the world, Revolut and Nubank, have this year received conditional approval for licenses in the United States and are now simultaneously preparing to expand their presence in the country. How they compete for a share of an oversaturated market and what prize may await the winner at the end is described by the Financial Times.

“The U.S. is the main prize”: how Revolut and Nubank plan to conquer the American market

The two largest digital banks in the world, Revolut and Nubank, have this year received conditional approval for licenses in the United States and are now simultaneously preparing to expand their presence in the country. How they compete for a share of an oversaturated market and what prize may await the winner at the end is described by the Financial Times.
The ECB and EU central banks seek changes to MiCA requirements for bank deposits of stablecoinsThe European Central Bank (ECB) and EU central banks want to replace mandatory threshold values for bank deposits of stablecoins with new liquidity requirements, arguing that large stablecoin deposits can create liquidity risks for banks.

The ECB and EU central banks seek changes to MiCA requirements for bank deposits of stablecoins

The European Central Bank (ECB) and EU central banks want to replace mandatory threshold values for bank deposits of stablecoins with new liquidity requirements, arguing that large stablecoin deposits can create liquidity risks for banks.
China imported a record 1,000 tons of gold since the start of the yearGold imports into China this year have reached record levels thanks to a collapse in international prices and a stronger yuan, Bloomberg reports. Purchases for the period through August exceeded 1,000 tons, surpassing the total for all of 2025, according to the latest customs data compiled since 2017. Strong investment demand keeps domestic prices at a slight premium to global benchmarks, which is boosting imports, said Ziqjie Wu, an analyst at Jinrui Futures Co.

China imported a record 1,000 tons of gold since the start of the year

Gold imports into China this year have reached record levels thanks to a collapse in international prices and a stronger yuan, Bloomberg reports.
Purchases for the period through August exceeded 1,000 tons, surpassing the total for all of 2025, according to the latest customs data compiled since 2017. Strong investment demand keeps domestic prices at a slight premium to global benchmarks, which is boosting imports, said Ziqjie Wu, an analyst at Jinrui Futures Co.
Shares of KitKat and Nespresso owner fell after losing control of assets in RussiaShares of Swiss food company Nestlé fell by more than 2% in trading on Friday, September 18. The stock price declined following Russia’s decision to transfer the company’s assets in the country to temporary management by a local company, “L.E.V. Management.” Similar measures were applied to the Russian business of the French retail chain Auchan and “Lemana Pro”—the former Russian asset of French Leroy Merlin.

Shares of KitKat and Nespresso owner fell after losing control of assets in Russia

Shares of Swiss food company Nestlé fell by more than 2% in trading on Friday, September 18. The stock price declined following Russia’s decision to transfer the company’s assets in the country to temporary management by a local company, “L.E.V. Management.” Similar measures were applied to the Russian business of the French retail chain Auchan and “Lemana Pro”—the former Russian asset of French Leroy Merlin.
Shares of major U.S. banks fell after BofA forecastShares of major U.S. banks fell on Tuesday after Bank of America issued a disappointing outlook for third-quarter investment-banking earnings. Goldman Sachs (New York:GS) fell by 2.5%, JPMorgan Chase (New York:JPM) lost 1.4%. Bank of America (New York:BAC) declined by 0.4%, Morgan Stanley (New York:MS) — by 1.8%, Citigroup (New York:C) — by 0.5%.

Shares of major U.S. banks fell after BofA forecast

Shares of major U.S. banks fell on Tuesday after Bank of America issued a disappointing outlook for third-quarter investment-banking earnings.
Goldman Sachs (New York:GS) fell by 2.5%, JPMorgan Chase (New York:JPM) lost 1.4%. Bank of America (New York:BAC) declined by 0.4%, Morgan Stanley (New York:MS) — by 1.8%, Citigroup (New York:C) — by 0.5%.
China to invest $54 billion in state-owned banks and insurersChina's Ministry of Finance announced on Sunday its intention to channel a total of $54 billion into state-owned insurance companies and banks, aiming to strengthen the capital base of the country's financial system. China Life Insurance (Group) Co, the country's largest life insurer, will receive 35 billion yuan ($5.2 billion), while China Taiping Insurance Group will receive 7 billion yuan, according to statements from both companies.

China to invest $54 billion in state-owned banks and insurers

China's Ministry of Finance announced on Sunday its intention to channel a total of $54 billion into state-owned insurance companies and banks, aiming to strengthen the capital base of the country's financial system.
China Life Insurance (Group) Co, the country's largest life insurer, will receive 35 billion yuan ($5.2 billion), while China Taiping Insurance Group will receive 7 billion yuan, according to statements from both companies.
Jefferies named three scenarios for gold to rise above $5,000Jefferies has developed a new quantitative model for gold pricing that suggests the metal could reach $4,650 per ounce by the end of the year. Unlike traditional approaches, the model sets aside real interest rates and the U.S. dollar exchange rate in favor of analyzing central bank reserve policies and budget deficits.

Jefferies named three scenarios for gold to rise above $5,000

Jefferies has developed a new quantitative model for gold pricing that suggests the metal could reach $4,650 per ounce by the end of the year. Unlike traditional approaches, the model sets aside real interest rates and the U.S. dollar exchange rate in favor of analyzing central bank reserve policies and budget deficits.
Canada futures steady, loonie hits a one-week highFutures on Canada’s main stock index were virtually unchanged on Thursday morning as market participants digested the Bank of Canada’s decision to keep interest rates unchanged, along with new warnings about rising energy inflation and heightened trade tensions with the United States.

Canada futures steady, loonie hits a one-week high

Futures on Canada’s main stock index were virtually unchanged on Thursday morning as market participants digested the Bank of Canada’s decision to keep interest rates unchanged, along with new warnings about rising energy inflation and heightened trade tensions with the United States.
Oninvest Index: small-cap gold miners grew stronger than gold. Who to bet on?Since the beginning of 2026, gold has managed to change direction sharply twice: early in the year it surged to a record high of almost $5,600 per ounce, then it lost about a third of its value, and by the end of August it had risen again—roughly to $4,600. The costs of gold-mining companies do not change as quickly as the metal’s price, which can sharply boost the companies’ profits. This, in August, pushed their stocks higher: the shares of gold producers rose noticeably faster than gold itself and outperformed the broad market.

Oninvest Index: small-cap gold miners grew stronger than gold. Who to bet on?

Since the beginning of 2026, gold has managed to change direction sharply twice: early in the year it surged to a record high of almost $5,600 per ounce, then it lost about a third of its value, and by the end of August it had risen again—roughly to $4,600. The costs of gold-mining companies do not change as quickly as the metal’s price, which can sharply boost the companies’ profits. This, in August, pushed their stocks higher: the shares of gold producers rose noticeably faster than gold itself and outperformed the broad market.
The Bank of Russia assessed the impact on the economy if damaged factories are not restored quicklyIn its annual report on the “Main Directions of Monetary Policy,” in addition to the most likely baseline forecast that was already published in July, the Bank of Russia traditionally described three alternative scenarios: “Disinflationary,” “Pro-inflationary,” and “Risky.” In the latter two, among other things, it is assumed that the restoration of “production capacity” after drone attacks will take longer and require more resources.

The Bank of Russia assessed the impact on the economy if damaged factories are not restored quickly

In its annual report on the “Main Directions of Monetary Policy,” in addition to the most likely baseline forecast that was already published in July, the Bank of Russia traditionally described three alternative scenarios: “Disinflationary,” “Pro-inflationary,” and “Risky.” In the latter two, among other things, it is assumed that the restoration of “production capacity” after drone attacks will take longer and require more resources.
Healey prepares a cautious budget amid pressureBritain's finance minister, John Healey, is preparing a cautious first budget to maintain market confidence amid the war in Iran, rising borrowing costs, and budget commitments that are putting pressure on the country's public finances, Bloomberg reported on Saturday.

Healey prepares a cautious budget amid pressure

Britain's finance minister, John Healey, is preparing a cautious first budget to maintain market confidence amid the war in Iran, rising borrowing costs, and budget commitments that are putting pressure on the country's public finances, Bloomberg reported on Saturday.
Standard Nuclear reports $4.7 million revenue in Q2 2026Standard Nuclear reported revenue of $4.7 million in the second quarter of 2026 and its first quarterly gross profit, making its first commercial delivery of TRISO fuel and completing fabrication of the full reactor active zone after the end of the quarter. The company recorded a net loss of $3.4 million in the second quarter and finished the period with cash of $102.2 million, which pro forma increased to approximately $239.9 million following the July IPO. The total backlog grew to $241.5 million as of June 30 and to $576.9 million after the August fuel supply agreement.

Standard Nuclear reports $4.7 million revenue in Q2 2026

Standard Nuclear reported revenue of $4.7 million in the second quarter of 2026 and its first quarterly gross profit, making its first commercial delivery of TRISO fuel and completing fabrication of the full reactor active zone after the end of the quarter. The company recorded a net loss of $3.4 million in the second quarter and finished the period with cash of $102.2 million, which pro forma increased to approximately $239.9 million following the July IPO. The total backlog grew to $241.5 million as of June 30 and to $576.9 million after the August fuel supply agreement.
Better launches a bitcoin-collateral mortgage with support from CoinbaseBetter Mortgage and Coinbase have made their bitcoin-collateral mortgage product available to everyone, allowing U.S. homebuyers to use bitcoin as collateral for a down payment without selling it, the companies said on Wednesday. According to Coinbase’s help center, the product combines a mortgage loan backed by Fannie Mae with a separate down-payment loan backed by bitcoin (BTC). Borrowers must pledge BTC worth at least 250% of the down-payment loan amount, with the pledged BTC transferred to Better’s custodial account at Coinbase Prime.

Better launches a bitcoin-collateral mortgage with support from Coinbase

Better Mortgage and Coinbase have made their bitcoin-collateral mortgage product available to everyone, allowing U.S. homebuyers to use bitcoin as collateral for a down payment without selling it, the companies said on Wednesday.
According to Coinbase’s help center, the product combines a mortgage loan backed by Fannie Mae with a separate down-payment loan backed by bitcoin (BTC). Borrowers must pledge BTC worth at least 250% of the down-payment loan amount, with the pledged BTC transferred to Better’s custodial account at Coinbase Prime.
US Banking Groups Plan to Launch a Nationwide Blockchain Network in 2027Thirty-nine US state banking associations created the BankChain alliance to build a nationwide blockchain network owned by the banking industry, with a launch in 2027. On Tuesday, the alliance announced that the network would support smart-payment tools, tokenized deposits, stablecoins, and automated settlements. BankChain said it plans to ensure the network’s compatibility with other blockchains and is currently selecting a technology partner.

US Banking Groups Plan to Launch a Nationwide Blockchain Network in 2027

Thirty-nine US state banking associations created the BankChain alliance to build a nationwide blockchain network owned by the banking industry, with a launch in 2027.
On Tuesday, the alliance announced that the network would support smart-payment tools, tokenized deposits, stablecoins, and automated settlements. BankChain said it plans to ensure the network’s compatibility with other blockchains and is currently selecting a technology partner.
A businessman from Las Vegas was found guilty of $24 million in crypto fraudA federal jury in the United States found businessman Brent Kovar guilty of fraud through the company Profit Connect. At least 400 investors were affected by the scheme, and the total loss amounted to $24 million. Kovar promised returns of 15-30% per year and claimed that the company uses AI and a supercomputer to mine cryptocurrency. The sentence will be handed down on November 30; the maximum total penalty under the combined charges reaches 280 years in prison.

A businessman from Las Vegas was found guilty of $24 million in crypto fraud

A federal jury in the United States found businessman Brent Kovar guilty of fraud through the company Profit Connect. At least 400 investors were affected by the scheme, and the total loss amounted to $24 million.
Kovar promised returns of 15-30% per year and claimed that the company uses AI and a supercomputer to mine cryptocurrency. The sentence will be handed down on November 30; the maximum total penalty under the combined charges reaches 280 years in prison.
Brazil’s central bank studies measures to address rising household debtThe Central Bank of Brazil is studying macroprudential measures and international experience to address the issue of rising household debt, the head of the regulator, Gabriel Galipolo, said on Monday. At an event organized by the banking lobbying group Febraban, Galipolo said that the central bank is working on a gradual transition process “to prevent this escalating problem from taking root.”

Brazil’s central bank studies measures to address rising household debt

The Central Bank of Brazil is studying macroprudential measures and international experience to address the issue of rising household debt, the head of the regulator, Gabriel Galipolo, said on Monday.
At an event organized by the banking lobbying group Febraban, Galipolo said that the central bank is working on a gradual transition process “to prevent this escalating problem from taking root.”
Fed Shakeup: Warsh Takes the Helm 🚀 In a significant development, Warsh has been elected chair of the U.S. Federal Reserve's rate-setting committee. This move is expected to have a profound impact on the country's monetary policy, influencing interest rates and subsequently affecting the overall economy. As the new chair, Warsh will play a crucial role in shaping the Fed's decisions on rate hikes or cuts, which in turn will impact the global financial markets. The news is being closely watched by investors, as it may lead to increased market volatility and potentially alter the trajectory of the US dollar and other currencies. #Crypto #FedRate #USMarkets #FinancialNews
Fed Shakeup: Warsh Takes the Helm 🚀
In a significant development, Warsh has been elected chair of the U.S. Federal Reserve's rate-setting committee. This move is expected to have a profound impact on the country's monetary policy, influencing interest rates and subsequently affecting the overall economy. As the new chair, Warsh will play a crucial role in shaping the Fed's decisions on rate hikes or cuts, which in turn will impact the global financial markets. The news is being closely watched by investors, as it may lead to increased market volatility and potentially alter the trajectory of the US dollar and other currencies.
#Crypto #FedRate #USMarkets #FinancialNews
Nationalization in Russia: why seized assets are poorly liquidatedRussian authorities are continuing to seize private companies for state ownership. This process, which experts have dubbed "nationalization," gained momentum after Russia's military invasion of Ukraine and has currently affected hundreds of enterprises, with assets valued at several trillion rubles. However, this doesn't mean the state has become wealthier by that amount.

Nationalization in Russia: why seized assets are poorly liquidated

Russian authorities are continuing to seize private companies for state ownership. This process, which experts have dubbed "nationalization," gained momentum after Russia's military invasion of Ukraine and has currently affected hundreds of enterprises, with assets valued at several trillion rubles. However, this doesn't mean the state has become wealthier by that amount.
"New Fed Chair Takes Helm: Markets on High Alert 🚨 In a significant development, Kevin Warsh has been sworn in as the new Federal Reserve Chair. This move is expected to have a profound impact on the US economy and financial markets. The White House has stated that Warsh is expected to maintain the Fed's independence, which could lead to a more hawkish monetary policy stance. This, in turn, may influence interest rates and have a ripple effect on global markets, including cryptocurrencies. As investors, it's essential to keep a close eye on these developments and their potential implications. #Crypto #FedChair #USMarkets #FinancialNews"
"New Fed Chair Takes Helm: Markets on High Alert 🚨
In a significant development, Kevin Warsh has been sworn in as the new Federal Reserve Chair. This move is expected to have a profound impact on the US economy and financial markets. The White House has stated that Warsh is expected to maintain the Fed's independence, which could lead to a more hawkish monetary policy stance. This, in turn, may influence interest rates and have a ripple effect on global markets, including cryptocurrencies. As investors, it's essential to keep a close eye on these developments and their potential implications.
#Crypto #FedChair #USMarkets #FinancialNews"
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