HSBC takes on fintechs with UK investing feature for younger clients
LONDON — HSBC goes head-to-head with fintech challengers within the wealth administration area, launching a brand new investing feature geared toward a younger clientele within...
Bitcoin (BTC) climbs back above $57,000 after sell-off
Bitcoin and different cryptocurrencies surged Monday after a pointy sell-off on the finish of final week.The value of bitcoin climbed practically 6% within the final...
Thought Machine hits $1 billion valuation in JPMorgan-backed funding
LONDON — British fintech start-up Thought Machine has raised $200 million in a contemporary spherical of funding that lifts its valuation above the coveted $1...
Klarna losses quadruple amid huge demand for buy now, pay later
LONDON — Swedish fintech start-up Klarna noticed its losses balloon within the first 9 months of 2021, as prices elevated sharply amid rising demand for...
Stripe open to accepting crypto for payments again
Stripe is not ruling out accepting cryptocurrency as a way of fee sooner or later, in accordance to co-founder John Collison.The net payments firm ended...
Stripe ‘very happy’ staying private, co-founder John Collison says
On-line funds big Stripe remains to be in no rush to go public, with co-founder John Collison telling CNBC the corporate is pleased staying non-public...
Ripple seeing ‘good progress’ in SEC case over XRP cryptocurrency
Fintech firm Ripple is making nice strides in its authorized feud with the U.S. Securities and Alternate Fee, CEO Brad Garlinghouse advised CNBC on Monday.Garlinghouse...
Crypto startup MoonPay hits $3.4 billion valuation in new funding round
Cryptocurrency start-ups have raised file funding this yr.It is no shock, then, that some main gamers in the area — from the Winklevoss twins' digital...
Over $10 billion lost to ‘DeFi’ scams and thefts in 2021
LONDON — Traders have lost billions of {dollars} to criminals focusing on so-called "decentralized finance" platforms this yr.In accordance to a report from London-based agency...
Many signs that fintech is in a bubble, J.C. Flowers CEO says
Billionaire investor J. Christopher Flowers is nervous there's a bubble rising in the monetary know-how market."I think there are a lot of indicators that there...