U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign rally in Milwaukee, Wisconsin, U.S. August 20, 2024. Marco Bello | Reuters As the 2024 U.S. elections reach their home stretch, crypto companies are opening their wallets to try and influence the results. Nearly half of all the corporate money flowing into […]
Ryan Salame, the former co-chief executive of FTX Digital Markets, exits the Federal Court after he pleaded guilty to two charges including conspiring to make unlawful U.S. political contributions, in New York City, Sept. 7, 2023. Brendan McDermid | Reuters Convicted former FTX executive Ryan Salame’s domestic partner Michelle Bond has been indicted on charges
Former FTX exec Ryan Salame’s romantic partner indicted on campaign finance crimes Read More »
Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. Kevin Wurm | Reuters Former president Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto platform, “The DeFiant Ones” to his 7.5 million followers on Truth Social. “For too long, the average
Trump promotes family’s new crypto platform, “The Defiant Ones’ Read More »
Revolut cards are seen in this illustration photo taken in Krakow, Poland on March 29, 2024. Jakub Porzycki | Nurphoto | Getty Images British fintech startup Revolut on Friday said that it was valued at $45 billion in a secondary share sale with existing and new investors. “This valuation reflects the strong financial performance recorded
British fintech Revolut valued at $45 billion in secondary share sale Read More »
When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and starts. On Wednesday, banks and hedge funds with more than $100 million
Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K. Nikolas Kokovlis | Nurphoto | Getty Images Financial technology firm Klarna is pushing deeper into banking with its own checking account-like product and a cashback offering that rewards users for shopping via its app. The
Klarna takes on banks with a personal account and cashback rewards ahead of IPO Read More »
Airwallex, which was most recently valued at $5.5 billion and is backed by Tencent, has been tipped as one of many prominent fintech IPO candidates. Jose Sarmento | Bloomberg | Getty Images Tencent-backed payments startup Airwallex is nearing an annual revenue run rate of $500 million and will look to get ready for an initial
The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors. The selloff in bitcoin and ether began earlier this week and wiped out $367 billion in
Bitcoin plunged 28%. Institutional investors bought the dip Read More »
Omar Marques | Lightrocket | Getty Images Bitcoin and ether are gaining back ground after falling to their lowest level in six months on Monday in the first major test of the recently launched crypto exchange-traded funds. As of early Monday, roughly $370 billion Dollars had been wiped off the market cap of all digital
Crypto ETFs get first major test after $370 billion market sell-off Read More »
In January, U.S. bitcoin miner Core Scientific was bankrupt and battling angry lenders. Since its return to the stock market that month, the share price is up 140% as the company aggressively goes after building a business in artificial intelligence. On Tuesday, the mining firm announced an expanded deal worth $6.7 billion with CoreWeave, an Nvidia-backed startup that’s one
