FinTech
Trump Media surges after expansion into financial services including crypto and ETFs
This illustration shows an image of President-elect Donald Trump next to a phone screen that is displaying the Truth Social app, in Washington, D.C., on Feb. 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media and Technology Group is expanding into financial services, including investment vehicles, the firm announced Wednesday. Shares of the […]
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Elon Musk’s X begins its push into financial services with Visa deal
Key Points Elon Musk’s X struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account. Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like with Zelle or […]
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“Can your private bank do this?”: Fintech firms target Singapore’s wealthy with feature-rich apps
Businesswoman managing finance and investment online, reading financial trading data and making financial plan with smartphone. Online banking. Banking, investment and financial trading concept D3sign | Moment | Getty Images The private banking industry, long defined by exclusivity, discretion and personalized service by relationship managers, is in the crosshairs of fintech firms that want a […]
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Crypto industry gets quick return on Trump investment after pouring millions into campaign
FRANCE – 2025/01/20: In this photo illustration, Trump Meme , Trump the Crypto president, is seen displayed on a smartphone screen. (Photo Illustration by Romain Doucelin/SOPA Images/LightRocket via Getty Images) Romain Doucelin | Getty Images Crypto executives, companies and investors are getting an early return on their investment in Donald Trump. After pouring tens of […]
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SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
Avishek Das | Lightrocket | Getty Images After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin — […]
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Trump crypto plans have Wall Street CEOs ready to jump into digital assets
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 Just days into President Donald Trump’s second administration, Wall Street is singing […]
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Trump signs executive order promoting crypto, paving way for digital asset stockpile
U.S. President Donald Trump holds a signed executive order on cryptocurrencies in the Oval Office of the White House in Washington on Jan. 23, 2025. Kevin Lamarque | Reuters President Donald Trump signed an executive order on Thursday to promote the advancement of cryptocurrencies in the U.S. and to work toward potentially developing a national […]
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Ivanka Trump warns investors that meme token bearing her name is fake
Hakan Nural | Getty Images Ivanka Trump, the daughter of President Donald Trump, is warning investors against buying a fraudulent crypto coin bearing her name. “It has come to my attention that a fake crypto coin called ‘Ivanka Trump’ or ‘$IVANKA’ is being promoted without my consent or approval,” she wrote in a post on […]
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Trump pardons Silk Road creator Ross Ulbricht
US President Donald Trump signs executive orders during the inaugural parade inside Capital One Arena, in Washington, DC, on January 20, 2025. Angela Weiss | Afp | Getty Images President Donald Trump granted a full pardon on Tuesday to Ross Ulbricht, the founder of Silk Road. The infamous dark web marketplace served as a global […]
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Stripe cuts 300 jobs in product, engineering and operations
The Stripe logo on a smartphone with U.S. dollar banknotes in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Stripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed. The payments company, valued at about $70 billion in the private markets, still […]
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