FinTech
BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%
Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, even after a 51% jump in operating profit. In an exclusive interview with CNBC, Johan Tjarnberg, CEO of Trustly, said that his firm still needs […]
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FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison
Ryan Salame, former co-chief govt officer of FTX Digital Markets Ltd., arrives at federal court in New York, US, on Tuesday, Might 28, 2024. Yuki Iwamura | Bloomberg | Getty Photos Ryan Salame, a previous best lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or 7 and a 50 % many […]
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Fintech nightmare: ‘I have nearly $38,000 tied up’ after Synapse bankruptcy
A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for more than a week, according to recent court documents. Since last year, Synapse — an Andreessen Horowitz-backed startup that serves as a middle-man between customer-facing fintech brands and FDIC-backed banks — […]
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Uniswap fights again versus SEC as the ethereum crackdown continues
For years, the Securities and Exchange Fee has been cracking down on the crypto sector writ massive, but in the very last several months, the agency appears to have educated its sights on ethereum, in unique. Some of the largest names in decentralized finance are now preventing back again. In a 40-webpage filing on Tuesday, […]
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New York AG announces $2 billion settlement with crypto loan company Genesis
New York Legal professional Standard Letitia James is settling with crypto lender Genesis for $2 billion to repay defrauded traders. The firm, once a small business at the heart of Digital Currency Team, was between the numerous casualties in the industry contagion set off by the collapse of FTX. The company filed for Chapter 11 […]
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Why OpenAI is the to start with company to be No. 1 on the CNBC Disruptor 50 listing two yrs in a row
It’s a 1st for the yearly CNBC Disruptor 50 record: a organization landing at No. 1 for the second year in a row. Most likely no shock, that company is OpenAI. Much more than any other startup in the 12-yr historical past of the Disruptor 50 checklist, OpenAI’s disruptive influence and likely is unparalleled. What […]
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Fintech agency Klarna states 90% of its staff are working with generative AI day by day
Important Factors Fintech business Klarna says more than 87% of its staff members are utilizing generative AI tools, which includes OpenAI’s ChatGPT and its have interior AI assistant. The largest people of generative AI in the company are those in non-complex teams, including communications (92.6%), advertising and marketing (87.9%), and lawful (86.4%), Klarna claimed. Klarna […]
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FTX states most prospects of the bankrupt crypto trade will get all their dollars back
Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Trade, comes at court docket in New York, US, on Thursday, Feb. 16, 2023. Yuki Iwamura | Bloomberg | Getty Photographs Pretty much all prospects of collapsed cryptocurrency trade FTX will get their dollars back — and additional, in accordance to a courtroom submitting. FTX estimates that it […]
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Trump hush-revenue porn star demo: Here’s what is happened so far
Trump’s historic legal trial enters 7 days 4. Source
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From 25 years in prison to just four months: Inside the final verdict on a crypto billionaire CEO archrivalry
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. Mike Segar | Reuters | Benjamin Girette | Bloomberg | Getty Images An arch rivalry between one-time crypto titans was brought to a close at a federal courthouse in Seattle on Tuesday when Binance founder Changpeng […]
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