FinTech
SEC Chair Atkins says crypto innovation ‘has been stifled’ as regulators push for change
Securities and Exchange Commission Chairman Paul Atkins speaks to reporters after giving opening remarks at a roundtable with the SEC’s Crypto Task Force at the Securities and Exchange Commission headquarters on April 25, 2025 in Washington, DC. Anna Moneymaker | Getty Images WASHINGTON — SEC Chair Paul Atkins said on Friday that innovation in the […]
Read More
Trump meme coin insiders have to wait additional 90 days before they can sell
A cartoon image of US President-elect Donald Trump holding a Bitcoin token to mark the cryptocurrency reaching over $100,000 displayed at a Coinhero store in Hong Kong, China, on in Hong Kong, China, on Thursday, Dec. 5, 2024. Justin Chin | Bloomberg | Getty Images WASHINGTON — President Donald Trump will have to wait another […]
Read More
Trump dinner for meme coin buyers prompts senators to demand ethics probe
Jonathan Raa | Nurphoto | Getty Images WASHINGTON — Senators Adam Schiff and Elizabeth Warren are warning that President Donald Trump’s private dinner with holders of his meme coin may constitute “pay to play” corruption, and are calling for an ethics investigation. The Democratic senators, from California and Massachusetts, respectively, sent a letter on Friday […]
Read More
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 […]
Read More
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 […]
Read More
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, […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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. […]
Read More