FinTech
Tesla, Block and Blockstream team up to mine bitcoin off solar power in Texas
Solar panels are seen in this drone photo at the Impact solar facility in Deport, Texas, July 15, 2021. Drone Base | Reuters MIAMI — Blockstream and Jack Dorsey’s Block, formerly Square, are breaking ground on a solar- and battery-powered bitcoin mine in Texas that uses solar and storage technology from Tesla. Tesla’s 3.8 megawatt […]
Read More
Morgan Stanley aims to serve the richest of the rich as family offices grow to $5.5 trillion in assets
Jed Finn, Chief Operating Officer for Morgan Stanley Wealth Management and Head of Corporate and Institutional Solutions Source: Morgan Stanley After making inroads managing money for the merely wealthy, Morgan Stanley is setting its sights on the richest of the rich — family offices with tens of billions of dollars in assets, CNBC has learned. […]
Read More
There’s a new way to quickly send U.S. dollars around the world with bitcoin
A visual representation of Bitcoin cryptocurrency. Edward Smith | Getty Images There’s a new and low-cost way to quickly send U.S. digital dollars around the world without a bank. And it’s built on bitcoin. Blockchain start-up Lightning Labs announced Tuesday that it’s launching the Taro protocol, a technology that will route fiat-pegged stablecoins and other […]
Read More
Wells Fargo says buy these three fintech stocks, sees $1.5 trillion revenue opportunity
Now is a “highly opportune” time for investors to give these stocks a fresh look given their current valuations, Wells Fargo said. Source
Read More
Goldman Sachs is betting that you’ll want a $10,000 home improvement loan from the investment bank
David Zalik, founder and CEO of GreenSky. Chris Hamilton | GreenSky Goldman Sachs, the 153-year old investment bank, is now officially in the home improvement loan business as it continues a push into the finances of ordinary Americans. The bank expects to add one million customers a year to its budding Marcus retail division through […]
Read More
UK regulator extends deadline for crypto firms to make it onto a key register
A logo for the Financial Conduct Authority (FCA). Chris Ratcliffe | Bloomberg | Getty Images The U.K.’s Financial Conduct Authority said Wednesday it is giving some crypto companies more time to register with the regulator beyond an original Mar. 31 deadline. A select few firms, including the fintech firm Revolut and crypto start-up Copper, will […]
Read More
Crypto hackers steal over $615 million from network that runs popular game Axie Infinity
Eugene (L) and Ginger Arboleda giving a demonstration on how to play Axie Infinity, an NFT game where players earn tokens that can be exchanged for cryptocurrency or cash, Manilla, December 10, 2021. Jam Sta Rosa | AFP | Getty Images The popular blockchain game Axie Infinity, which lets users earn money as they play, […]
Read More
Britain will reveal crypto regulation plans in coming weeks, sources say
Britain’s Chancellor of the Exchequer Rishi Sunak leaves the 11 Downing Street, in London, on March 23, 2022. Daniel Leal | AFP | Getty Images LONDON — The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar […]
Read More
Exxon is mining bitcoin in North Dakota as part of its plan to slash emissions
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters ExxonMobil, the top oil and gas producer in the U.S., is piloting a project to mine bitcoin in North Dakota, according to people with knowledge of the matter. For over a year, Exxon has been working with Crusoe Energy Systems, a […]
Read More
Russia is considering selling its oil and gas for bitcoin as sanctions intensify from the West
Employees pass beneath pipes leading to oil storage tanks at the central processing plant for oil and gas at the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia. Andrey Rudakov | Bloomberg | Getty Images Faced with stiffening sanctions from Western countries over its invasion of Ukraine, Russia is considering […]
Read More