FinTech
Fort Worth is the first city in the U.S. to mine bitcoin, and will run mining rigs out of city hall
Fort Worth, Texas, is now the first city government in the United States to mine bitcoin — and in an almost poetic devotion to the initiative, Mayor Mattie Parker oversaw the construction of a small mining farm in City Hall. Three Bitmain Antminer S9 mining rigs will run 24 hours a day, seven days a […]
Read More
This real estate investor has a side hustle mining more than $110,000 in bitcoin every month
Compass Mining customer Eng Taing Eng Taing Eng Taing is in the business of making money. He runs his own private equity firm with $250 million in assets under management (according to his website), invests in real estate, has worked in data science and analytics at Apple — and he got into bitcoin back in […]
Read More
Fintech giant Stripe jumps into crypto with a feature that lets Twitter users get paid in stablecoin
Illustrative image of two commemorative bitcoins with a green background. Artur Widak | Nurphoto | Getty Images Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. The $95 billion online payments company said Friday it will start […]
Read More
Digital banks aren’t doing enough to tackle financial crime, UK regulator warns
Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms by criminals, regulators have warned. The Financial Conduct Authority on Friday published the findings of a review into financial crime controls at […]
Read More
Michael Saylor says investing in MicroStrategy is the closest you’ll get to a bitcoin spot ETF
MIAMI — MicroStrategy may technically be in the business of enterprise software and cloud-based services, but CEO Michael Saylor says the publicly traded company doubles as the first and only bitcoin spot exchange-traded fund in the U.S. “We’re kind of like your nonexistent spot ETF,” Saylor told CNBC on the sidelines of the Bitcoin 2022 […]
Read More
Crypto exchange Binance removes Twitter emoji that resembled a swastika after outcry
The logo of cryptocurrency exchange Binance. STR | NurPhoto via Getty Images Cryptocurrency exchange Binance removed and redesigned an emoji on Twitter, after outcry from users who pointed out it looked like a swastika. Twitter sometimes lets brands design their own custom emojis to include in hashtags in order to promote their business. In this […]
Read More
U.S. Treasury sanctions Russian bitcoin miners as war enters its third month
A view of partially destroyed building in the Ukrainian city of Mariupol under the control of Russian military and pro-Russian separatists on April 13, 2022. Leon Klein | Anadolu Agency | Getty Images For the first time ever, the U.S. Department of the Treasury is taking aim at bitcoin miners operating in Russia as the […]
Read More
Goldman executive who helped create Marcus brand leaves for real estate investing start-up Cadre
Dustin Cohn, chief marketing office of Cadre Source: Cadre Goldman Sachs consumer bank branding chief Dustin Cohn has joined real estate investing start-up Cadre as chief marketing officer, CNBC has learned. The departure of Cohn, who is credited with helping name the firm’s consumer division Marcus in 2016, is the latest in a wave of […]
Read More
Bitcoin ‘tribalism’ is holding the crypto industry back, Ripple CEO says
Ripple CEO Brad Garlinghouse speaks during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 19, 2021. Kyle Grillot | Bloomberg | Getty Images “Tribalism” around bitcoin and other cryptocurrencies is holding back the entire $2 trillion market, according to the boss of blockchain firm Ripple. “Polarization isn’t healthy in my judgement,” Ripple […]
Read More
Don’t blame stimulus checks for inflation, says Andrew Yang, who still supports sending free cash to most Americans
MIAMI — Former presidential candidate Andrew Yang says that Covid stimulus checks are not to blame for the recent inflation spike — and he’s still in favor of sending people free cash as a way to insulate workers from economic shocks and technological disruption. The universal basic income (UBI) evangelist told CNBC on the sidelines […]
Read More