Binance is reportedly leading a funding round for Mesh, a crypto payments company, valuing it up to $2 billion. This move signals a shift in stablecoin competition from issuers to controlling payment routes, making tokenized dollars spendable off-exchange.
The ICBA, a community-bank trade group, has urged the Kansas City Fed to review Kraken Financial's limited-purpose account, citing fraud and compliance risks. They seek tighter limits, suspension, non-renewal, or termination before its one-year term expires.
South Korea's Kbank has signed a strategic partnership with Ripple to test blockchain-based overseas remittances, placing a bank with a central role in Upbit's KRW account access beside one of crypto's longest-running payments infrastructure firms. Local reports describe the work as a technical verification, or proof-of-concept, focused on whether Ripple's infrastructure can improve the speed, […] The post The South Korean bank powering Upbit is testing Ripple integration for cross-border payments appeared first on CryptoSlate.
Around 22,000 UK university students who were told to urgently repay maintenance loans and childcare grants given in error have been granted a reprieve. The government announced loans will be repaid through standard student finance routes, with grant repayments paused until at least September. The controversy arose after students on weekend courses were told their programmes should have been classified as distance learning, making them ineligible for student finance. Nine universities had begun legal action over the "abrupt" decision affecting predominantly mature, low-income students.
Around 22,000 UK university students told to urgently repay maintenance loans and childcare grants given in error will now have repayments handled through standard student finance channels, with grant recoveries paused until at least September. The decision follows a row where weekend students were told their courses should have been classed as distance learning, with the government blaming universities for not being clear.
