FinTech
U.S. files complaint against fintech app Dave and its CEO
Jason Wilk, chief executive officer of Dave, during TechCrunch Disrupt in San Francisco, California, US, on Monday, Oct. 28, 2024. David Paul Morris | Bloomberg | Getty Images The U.S. Justice Department filed a complaint and announced a civil enforcement action on Monday against financial technology company Dave Inc and its CEO Jason Wilk for […]
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MicroStrategy rides ‘red sweep’ to 477% gain in 2024, topping almost all U.S. stocks
Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images On the eve of MicroStrategy‘s stock market debut in June 1998, founder Michael Saylor stayed in a penthouse suite at […]
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Banking app Dave, back from the brink, is this year’s biggest gainer among financials with 934% surge
Jason Wilk Source: Jason Wilk Jason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm. It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep Dave afloat, Wilk found himself at a Los […]
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Trump’s pick to lead NASA made a big bet on crypto while going to space on the side
Jared Isaacman, Mission Commander, steps out of the manned Polaris Dawn mission’s “Dragon” capsule after it splashed down off the coast of Dry Tortugas, Florida, after completing the first human spaceflight mission by non-government astronauts of the Polaris Program. – | Afp | Getty Images President-elect Donald Trump’s pick to run NASA, Jared Isaacman, is […]
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Buy now, pay later company Affirm strikes $4 billion loan deal with private credit firm Sixth Street
Two trendy areas in finance — fintech and private credit — are coming together in a new multibillion-dollar joint venture. Affirm Holdings is getting its largest-ever capital commitment with a new partnership from private credit firm Sixth Street, which is investing in $4 billion worth of loans over the course of three years. Sixth Street […]
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President-elect Trump says Ukraine to ‘possibly’ receive less military aid
U.S. President-elect Donald Trump attends a meeting with Britain’s Prince William (not pictured) at the residence of the British ambassador to France, on the day of the reopening ceremonies of the Notre-Dame de Paris Cathedral following the 2019 fire, in Paris, France, December 7, 2024. Aaron Chown | Via Reuters In an exclusive interview with […]
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Coinbase policy chief expects speedy approval of crypto laws following Trump’s victory
Faryar Shirzad, chief policy officer at Coinbase, speaking onstage during the 2024 Concordia Annual Summit at Sheraton New York Times Square on Sep. 24, 2024 in New York City. John Lamparski | Getty Images for Concordia Summit LONDON — Coinbase’s top policy executive expects the United States to rapidly regulate the cryptocurrency industry once Donald Trump […]
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Britain’s finance watchdog sets out plan to implement crypto regulation regime by 2026
Mustafa Ciftci | Anadolu | Getty Images The British financial services watchdog on Tuesday set out a plan to implement a wide-reaching regulatory regime for the cryptocurrency industry by 2026. The Financial Conduct Authority (FCA), which oversees banking and investment products in the U.K., unveiled a timeline detailing key dates and milestones it’s working toward […]
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Crypto market sheds $180 billion in a day as bitcoin slides further from $100,000 milestone
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. Dado Ruvic | Reuters The price of Bitcoin price retreated further from the psychologically important $100,000 milestone, as investors booked profits from the token’s post-U.S. election gains. The world’s largest cryptocurrency by market capitalization was trading down 6.2% at a price of […]
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Banana auction billionaire’s $30 million investment in Trump’s crypto token highlights new ways to enrich president-elect
Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, China, on Friday, May 8, 2020. Calvin Sit | Bloomberg | Getty Images Tron blockchain founder Justin Sun has invested $30 million into Donald Trump’s crypto project, World Liberty Financial, he announced Monday. “We are thrilled to invest $30 million in World […]
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