In this 2013 photo, Singapore’s central business district is shown at dusk. Edward Tian | Moment | Getty Images Singapore still wants to be a hub for digital assets, but not one for speculating ...
Tag: Fintech
SoFi Stock Leaps on Narrower-Than-Expected Loss and Revenue Beat
SoFi Technologies was surging after posting a narrower-than-expected third-quarter loss and revenue that exceeded forecasts. SoFi (ticker: SOFI), the financial-technology company, reported third-quar...
African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021 – Fintech Bitcoin News
In 2021, African fintech startups accounted for 61% of the $2.7 billion in venture capital funding that was deployed on the continent, a new study has found. While its share of global fintech funding ...
What Rishi Sunak as PM means for the UK crypto industry
U.K. Prime Minister Rishi Sunak at 10 Downing Street. Dan Kitwood | Getty Images U.K. cryptocurrency firms and investors have high hopes that new prime minister Rishi Sunak could turn around Britain&#...
Dogecoin Cashback Now Supported by UK’s Biggest Fintech Firm
Alex Dovbnya UK’s biggest fintech firm offers cashback in meme cryptocurrency Dogecoin and popular digital assets British financial technology company Revolut offers its clients 1% cashback in D...
Bloomberg Analyst Says Ethereum Revolutionizing Fintech, Predicts Rallies As ETH Supply Gets Squeezed
Bloomberg’s lead commodity strategist Mike McGlone is predicting rallies for Ethereum (ETH) as he says the leading smart contract platform is poised to change the landscape of financial technology. In...
JPMorgan Chase unveils payments platform for landlords and tenants
A JPMorgan logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and em...
Bitcoin volatility has eased but that’s not a bad thing
Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration Dado Ruvic | Reuters Bitcoin’s lack of volatility lately isn’t a b...
SEC Could Face ‘Bruising Defeat’ Against the Fintech Firm
The ongoing battle between fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC) could be coming to a conclusion. However, the regulator’s chances of a victory are growing slimmer ...
Fintech leader Nubank: Warren Buffett Value Stock And Cathie Wood’s Daring Innovator?
Nubank (NU) is a Brazilian fintech and Warren Buffett holding that may prove itself as a great value pick. The Oracle of Omaha’s Berkshire Hathaway (BRKB) purchased a $500 million stake just bef...
After Passing Strict Security Scrutiny by SERC, MoonXBT Ready to Start Fintech Environment Testing in Cambodia
Early this month, MoonXBT, the leading crypto social trading exchange, has signed a MOU with Securities and Exchange Regulator of Cambodia (SERC) to promote the development and expedite the adoption o...
Nairobi-based FinTech Mara Launches African Crypto Wallet Service
A new crypto project called Mara has now been introduced to the African crypto ecosystem. This project is backed by Coinbase Ventures, FTX-affiliated Alameda Research, Huobi Ventures, and other promin...
Fintech and Web3 experts are ‘losing trust’ in Solana over unstable network
The decentralized finance (DeFi) Solana (SOL) network is among the most monitored cryptocurrency projects as the development team works to position it as an Ethereum (ETH) competitor. However, Solana’...
Upgrade offers 3.5% APY as deposits battle heats up
Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018. Alex Flynn | Bloomberg via Getty Images Credit-card startup Upgrade is releasing a new savings account with what it ...
Hong Kong Fintech Startup Reap Raises $40 Million For Web3 Payments
Reap’s cofounders Daren Guo (left) and Kevin Kang. Reap Reap, a digital payment company based in Hong Kong, has netted $40 million in a funding round aimed at developing infrastructure to help f...
Cathie Wood’s ARK Fintech innovation ETF buys more coinbase
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Cramer’s lightning round includes a fintech ‘on the road to redemption’
PayPal (PYPL): “PayPal did very well today. They are already on the road to redemption.” MicroVision (MVIS): “It’s a $3 stock. It’s a dice roll. It could go down $3. Stoc...
Fintech Ramp Surfs Dollar Wave By Helping U.S. Companies Turn To International Markets
Ramp CEO Eric Glyman (Center), CTO Karim Atiyeh (Left) and CPO Gene Lee (Right) cofounded the corporate credit card firm in 2019 after selling a price-tracking startup to Capital One. Courtesy of Ramp...
Binance narrowing down identity of hacker behind BNB crypto hack: CEO
Cryptocurrency exchange Binance is getting closer to figuring out the identity of a hacker that orchestrated a $570 million hack on its BNB blockchain, CEO Changpeng Zhao told CNBC Monday. After getti...
Fintech layoffs mount as October marks 6 months of crypto downturn
After the Terra-Luna collapse sent crypto prices tumbling in May, many firms trimmed substantial parts of their workforce to stabilize their businesses. In June, for example, Coinbase laid off aroun...
Digital bank N26 launches crypto trading service amid bear market
N26 Crypto will let users buy and sell 100 tokens including bitcoin and ether. N26 European digital bank N26 announced Thursday it is launching a crypto trading service, starting with Austria as the f...
Analysis of Signature Bank’s Q3’22 Earnings
October 19, 2022, 10:27AM EDT • 3 min read Quick Take Signature Bank announced earnings on October 18, 2022 Closed today’s trading +2.8% in 1-day intra-day trading at $157.29 per share Reported $358...
Unit21 Launches Fintech Fraud DAO to Combat Financial Crime With Brex, Chime and PrimeTrust as Early Customers
DAO is expected to process data from 20% of all U.S. fintech customers as part of an effort to help the industry transition from fraud detection to fraud prevention SAN FRANCISCO–(BUSINESS WIRE)–Unit2...
Top Latin America Fintech Bank to Launch Its Cryptocurrency
– Advertisement – Nubank will launch the cryptocurrency in the first half of next year. Nubank, a top fintech bank in Latin America, has announced that it will soon launch its cryptocurren...
JPMorgan Chase gives early payday deposits to Secure Banking customers
Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images JPMorgan Chase is giving some customers early access to their d...
Buffett-backed digital bank Nubank to launch its own cryptocurrency
Jakub Porzycki | NurPhoto | Getty Images The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital assets by a larg...
Dragonfly Fintech Wins G20 TechSprint CBDC Challenge
Singapore, Singpore, 19th October, 2022, Chainwire The Bank for International Settlements (BIS) Innovation Hub and Bank Indonesia under the Indonesian G20 Presidency announced the winners of their joi...
Goldman Sachs pivot from Marcus shows that disrupting retail banking is hard
David Solomon, Goldman Sachs, at Marcus event Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in U.S. consumer banking. After product...
Fintech Bill Approved in Upper House of Chile Still Needs President Approval
Congress Deputy chamber approved the crypto-related bill in Chile. The bill is still under the President’s table’s supervision, awaiting final approval. The deputy chamber of congress in Chile has...
With $900 Million In Funding, Hong Kong Fintech Unicorn WeLab Bets Big On Indonesia
As more startups explore Indonesia’s fintech potential, WeLab’s cofounder and CEO Simon Loong believes digital banking can be a win-win game. There are good “a-ha” moments and there are bad ones, acco...