FinTech
British fintech Revolut tops $1 billion in profit as revenue jumps 72%
Key Points Digital banking unicorn Revolut said Thursday that net profit for the year ending Dec. 31, 2024, totaled £1.1 billion ($1.5 billion), up 149% year over year. The financial milestone arrives as Revolut is preparing a transition to becoming a fully operational bank in the U.K. after securing a banking license last summer. Revolut’s […]
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Trump meme coin surges 50% after top holders offered dinner with the president
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty Images The $TRUMP meme coin jumped more than 50% on Wednesday after the […]
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Global Payments shares plunge 17% after company announces $24 billion Worldpay deal
The Global Payments Company logo seen displayed on a smartphone. Igor Golovniov | LightRocket | Getty Images Global Payments shares tumbled 17% on Thursday after the company said it’s buying Worldpay for more than $24 billion while simultaneously selling its Issuer Solutions business to Fidelity National Information Services. The company said that in acquiring Worldpay, […]
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Bunq, a neobank for ‘digital nomads,’ accelerates U.S. expansion effort as profit jumps 65%
Dutch digital bank Bunq is plotting re-entry into the U.K. to tap into a “large and underserved” market of some 2.8 million British “digital nomads.” Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Dutch digital bank Bunq on Tuesday said it’s filed for broker-dealer registration in the U.S. as it looks to further […]
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Apple, Google, Cash App alums ditch Big Tech to build on bitcoin, fueled by VC money and friendly White House
AUSTIN — On a Friday morning last spring, Mark Suman called out sick from his job as a senior engineering project manager at Apple and made his way downtown to a place called the Bitcoin Commons, a sort of clubhouse for enthusiasts of the world’s largest cryptocurrency, situated a few blocks south of the Texas […]
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Fintech’s Affirm, Paypal sink as stocks pull back from massive tariff pause rally
Gabby Jones | Bloomberg | Getty Images Fintech’s relief rally is already losing steam. Shares of Affirm, Toast, Bill.com, PayPal and other consumer-focused fintech firms turned lower Thursday. The retreat followed a powerful bounce Wednesday after President Donald Trump announced a 90-day pause on dramatically higher import tariffs. While the administration simultaneously escalated duties on […]
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Affirm surges 20% as fintech rallies on tariff pause, but risk remains
Thomas Fuller | Sopa Images | Lightrocket | Getty Images The fintech sector is rallying Wednesday following the Trump administration’s announcement of a 90-day pause on planned tariffs. Affirm was up 20%, Toast and Block rose 13% and PayPal increased 10%. The 90-day pause doesn’t eliminate the threat of tariffs — it just delays it. […]
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DOJ ends crypto enforcement team, shifts focus to terrorism and fraud
Department of Justice Headquarters in Washington, D.C. on April 18, 2022. Kent Nishimura | Los Angeles Times | Getty Images The U.S. Justice Department abruptly shut down its National Cryptocurrency Enforcement Team, signaling a major shift in how the federal government will handle crypto-related crimes going forward, according to a memo obtained by NBC News […]
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DOJ ends crypto enforcement team, shifts focus to terrorism and fraud
Department of Justice Headquarters in Washington, D.C. on April 18, 2022. Kent Nishimura | Los Angeles Times | Getty Images The U.S. Justice Department abruptly shut down its National Cryptocurrency Enforcement Team, signaling a major shift in how the federal government will handle crypto-related crimes going forward, according to a memo sent Monday night by […]
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Crypto firm Ripple to buy primer broker Hidden Road for $1.25 billion
Key Points Crypto startup Ripple has agreed to buy prime brokerage firm Hidden Road for $1.25 billion the company’s biggest acquisition to date. It marks one of the largest deals in the digital asset space to date, topping Stripe’s $1.1 billion deal to buy stablecoin payments platform Bridge. Hidden Road plans to use Ripple’s RLUSD […]
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