FinTech
Affirm shares surge 34% and head for best day in three years after earnings beat
Drew Angerer / Getty Images Affirm shares soared 34% on Thursday and were on pace for their best day in almost three years, after the provider of buy now, pay later loans beat on the top and bottom lines in its earnings report. If the rally holds, it will be the third-biggest rally for the […]
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Trump says plan to make U.S. ‘crypto capital of the planet’ coming within hours
Republican presidential nominee Donald Trump is pumping the Trump Organization’s new crypto platform, which has just been rebranded from “The DeFiant Ones,” to “World Liberty Financial.” In a post to his 90 million followers on X, the former president shared a video of himself with voiceover: “This afternoon, I’m laying out my plan to ensure […]
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Affirm shares surge 16% after better-than-expected results, strong guidance
Jaque Silva | Lightrocket | Getty Images Affirm shares jumped as much as 16% in after hours trading on Wednesday, after the provider of buy now, pay later loans reported better-than-expected fiscal fourth-quarter results. Here’s how the company did, compared to analysts’ consensus estimates from LSEG. Loss per share: 14 cents adjusted vs. 51 cents expected […]
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OpenSea receives Wells notice from SEC, regulator says NFTs are securities
In this photo illustration an OpenSea logo is displayed on a smartphone with stock market percentages in the background. Omar Marques | Lightrocket | Getty Images Crypto marketplace OpenSea has been added to the SEC’s list of targets, as the regulator extends its crackdown on the sector. The company’s CEO said in a post on […]
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Buy now, pay later firm Klarna swings to first-half profit ahead of IPO
“Buy-now, pay-later” firm Klarna aims to return to profit by summer 2023. Jakub Porzycki | NurPhoto | Getty Images Klarna said it posted a profit in the first half of the year, swinging into the black from a loss last year as the buy now, pay later pioneer edges closer toward its hotly anticipated stock […]
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How Trump was ‘orange-pilled’ by three bitcoiners in Puerto Rico and the promise of $100 million
Former President Donald Trump’s photograph is seen on a digital display outside of the venue ahead of his afternoon keynote speech on the final day of the Bitcoin 2024 conference at Music City Center July 27, 2024 in Nashville, Tennessee. Jon Cherry | Getty Images News | Getty Images NASHVILLE, Tenn. — A block away […]
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Crypto industry accounts for almost half of corporate donations in 2024 election, report says
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign rally in Milwaukee, Wisconsin, U.S. August 20, 2024. Marco Bello | Reuters As the 2024 U.S. elections reach their home stretch, crypto companies are opening their wallets to try and influence the results. Nearly half of all the corporate money flowing into […]
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Former FTX exec Ryan Salame’s romantic partner indicted on campaign finance crimes
Michelle Bond, CEO of Digital Futures. CNBC Convicted former FTX executive Ryan Salame’s domestic partner Michelle Bond has been indicted in New York on federal charges accusing her of conspiring to raise unlawful campaign contributions from FTX for her unsuccessful run for Congress in 2022, prosecutors announced Thursday. Manhattan U.S. Attorney Damian Williams claims that […]
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Trump promotes family’s new crypto platform, ‘The Defiant Ones’
Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. Kevin Wurm | Reuters Former president Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto platform, “The DeFiant Ones” to his 7.5 million followers on Truth Social. “For too long, the average […]
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Former FTX exec Ryan Salame seeks to void guilty plea, says feds reneged on deal to end probe of his partner
Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd., exits federal court in New York, US, on Tuesday, May 28, 2024. Yuki Iwamura | Bloomberg | Getty Images Ryan Salame, a former top lieutenant at FTX under founder Sam Bankman-Fried, asked a judge to void the deal he reached with the government and his […]
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