FinTech
Jack Dorsey launches a WhatsApp messaging rival built on Bluetooth
Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, March 25, 2021. CNBC Block CEO Jack Dorsey spent the weekend building Bitchat, a new decentralized, peer-to-peer messaging app that works […]
Read More
Robinhood stock tokens face scrutiny in the European Union after OpenAI warning
Avishek Das | SOPA Images | Lightrocket | Getty Images Lithuania’s central bank on Monday said it has contacted Robinhood seeking clarifications over its tokenized equities after OpenAI raised concerns over the product last week. “We have contacted Robinhood and are awaiting clarifications regarding the structure of OpenAI and SpaceX stock tokens as well as the […]
Read More
Ethereum is powering Wall Street’s future. The crypto scene at Cannes shows how far it’s come
CANNES — Wall Street’s new plumbing is being built on Ethereum and this week its architects took over the same French Riviera villas and red carpet venues that host the Cannes Film Festival in May. The Ethereum Community Conference, or EthCC, took over the beachside town that was swarming with crypto founders, developers, and some […]
Read More
OpenAI says Robinhood’s tokens aren’t equity in the company
Jaque Silva | Nurphoto | Getty Images OpenAI is distancing itself from Robinhood‘s latest crypto push after the trading platform began offering tokenized shares of OpenAI and SpaceX to users in Europe. “These ‘OpenAI tokens’ are not OpenAI equity,” OpenAI wrote on X. “We did not partner with Robinhood, were not involved in this, and […]
Read More
Robinhood stock tops $100 to new record, roaring 30% since being snubbed from S&P 500
CANNES — Robinhood stock hit the $100 mark for the first time, capping off a week of fresh all-time highs and renewed investor confidence. Shares are now tracking their best performance since April, up more than 30% since the trading app was snubbed from the S&P 500. The milestone follows a major strategic swing in […]
Read More
Robinhood gives out tokens of OpenAI and SpaceX in Europe. Stock hits record
CANNES — Robinhood stock climbed 10% to an all-time high Monday after the company rolled out tokenized shares of OpenAI and SpaceX to users in Europe as part of a larger crypto rollout. It is the company’s first move to make private equity accessible via blockchain. The announcement, which came Monday during the company’s product showcase […]
Read More
Robinhood expands its global push, minutes from crypto chief’s old cramped apartment in Cannes
CANNES — Fifteen years after flipping burgers at a McDonald‘s and teaching himself to code at night in a cramped apartment near the French Riviera, Robinhood crypto chief Johann Kerbrat is back. The last time he lived around Cannes, he was 21 — with no connections, no funding, and no formal business training. But he […]
Read More
Core Scientific shares surge 33% on report of buyout talks with CoreWeave
Piotr Swiat | Lightrocket | Getty Images Core Scientific shares surged 35% on Thursday following a report from The Wall Street Journal that artificial intelligence infrastructure vendor CoreWeave is in talks to acquire the bitcoin mining and hosting provider. The company’s stock was briefly halted after the report, and then proceeded to have its second-sharpest […]
Read More
What’s driving Wall Street stablecoin interest? Trillions, and maybe biggest global money-moving shift since credit cards
After a brief pullback this week, shares of stablecoin issuer and recent IPO darling Circle were in rally mode again, soaring double-digits on a percentage basis in trading on Thursday, after having moved up by more than 600% percent since its debut on the New York Stock Exchange earlier this month. Bitcoin and ether have […]
Read More
‘Cyber plague’: Experts warn of growing infostealer threat after billions of login details exposed
“Someone, somewhere is having data exfiltrated from their machines as we speak,” says Volodymyr Diachenko, co-founder of the cybersecurity consultancy SecurityDiscovery. Sarayut Thaneerat | Moment | Getty Images Cybercriminals have intensified their efforts to steal and sell online passwords, experts warn. The alarm comes after the discovery of online datasets containing billions of exposed account […]
Read More