Financial Technology
- Finance
Andreessen Horowitz puts $350m behind ex-WeWork boss Neumann’s new startup
Venture-capital firm Andreessen Horowitz is investing in Flow, a real-estate startup led by former WeWork executive and co-founder Adam Neumann. The firm, known…
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Why the UK and US need to join forces on crypto regulation
Timothy Spangler and Daniel Natoff are partners at law firm Dechert While the value of some cryptocurrencies has fallen, and…
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Small banks are going on a wild ride thanks to crypto
When big banks steered clear of cryptocurrency companies, a handful of small lenders eagerly courted the booming businesses. Now, they…
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Bitcoin tops $25,000 level for first time since early June
The price of bitcoin briefly hit $25,000 on Sunday for the first time since June. After testing that level several…
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Abrdn dives into crypto with stake in digital securities exchange
Abrdn has acquired a stake in digital securities exchange Archax, following through on the £508bn asset manager’s ambitions to enter…
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The UK’s first ever ‘anti-crypto’ conference is not just for haters — regulators want in too
The crypto industry’s recent implosion has shattered confidence in the sector – and caused serious headaches for those looking to…
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Regulators could order hedge funds to disclose crypto exposure
The collapse in cryptocurrency prices this year has left US regulators scrambling to understand the risks that digital asset markets could pose…
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Billionaire Mark Cuban loves crypto but says buying metaverse real estate is ‘the dumbest s**t ever’
Cuban loves crypto and Web3 technology, but believes buying real estate in the metaverse is a bad idea. Billionaire entrepreneur…
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BlackRock is diving into crypto with a bitcoin private trust — here’s what investors need to know
BlackRock is diving headfirst into cryptocurrencies, including a new spot bitcoin private trust for institutional investors. The trust is available…
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How Tornado Cash crackdown exposes holes in crypto regulation
The US sanctioning of a prominent cryptocurrency platform this week exposed technical gaps in the government’s ability to prevent criminals,…
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Coinbase’s ‘staking’ programme is under scrutiny by SEC
Coinbase Global had at least one bright spot in a dismal quarter: commissions earned from “staking,” where investors can earn yield by…
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The Fintech Files: Why the Big Short author’s next book is about crypto, and BlackRock revives the bitcoin bulls
When Michael Lewis talks to crypto bros, he tends to get bored within about six hours. But when the Big Short author…
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Coinbase loses $1.1bn in Q2 as crypto meltdown takes toll
Coinbase reported a surprisingly large second consecutive quarter of losses, driven by the crypto market’s spring meltdown. Coinbase lost $1.1bn, or $4.98…
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Coinbase stock rockets amid a ‘short squeeze’: Is this a GameStop moment?
Shares in beaten-down cryptocurrency exchange Coinbase have torn higher this week. Investors are likely witnessing a “short squeeze” that is driving the…
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Top BitMEX employee guilty of violating US anti-money-laundering rules
A top employee at BitMEX has pleaded guilty in New York to failing to put in place an anti-money-laundering program…
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MicroStrategy boss Michael Saylor steps down amid $1.6bn loss
MicroStrategy CEO Michael Saylor said he would step down from the top job next week and assume the role of…
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Why US lawmakers want bitcoin and ether to be under the scrutiny of the CFTC
WASHINGTON — Leaders of a Senate committee are set to propose legislation that would assign oversight of the two largest…
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Robinhood, Coinbase and Gemini: The crypto winter has cost more than 3,700 jobs — here’s who’s cutting
Crypto firms are still reeling from a brutal market crash during the second quarter, sparked by the implosion of stablecoin…
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Former chancellor Philip Hammond to join new UK fintech fund
Former Chancellor Philip Hammond is set to join an all-star line-up at a new fund trying to boost the chances for…
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Lawmakers step up crypto scrutiny with second inquiry
A second group of lawmakers has launched an inquiry into the UK government’s approach to the crypto industry. The Crypto and…
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Revolut unleashes fresh crypto push despite sector turmoil
Revolut has announced a fresh push into crypto, with 22 new tokens available to buy and sell on its app,…
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How Revolut, Fidelity and Binance are looking to capitalise on the crypto crash
Crypto may be in the doldrums, but established brands across banking, fund management and digital assets see the crash as…
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CME launches euro-denominated crypto futures
Derivatives exchange CME is expanding its crypto future offerings through new euro-denominated crypto derivatives. The new products, which are expected to…
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Crypto broker Voyager gets green light to return $270m to customers
Cryptocurrency brokerage firm Voyager secured approval to return $270m in customer cash, settling one of the larger issues it faced…
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Fed mulls digital dollar to take on China’s e-CNY
WASHINGTON — Lawmakers are pushing the Federal Reserve to move swiftly toward issuing a digital dollar, to combat steps from China…
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