Rising interest rates have crushed high-growth tech stock valuations in 2022, and most of the high-profile fintech IPOs of recent years are now trading well off their post-IPO highs. On Wednesday, DataTrek Research co-founder Jessica Rabe said fintech startups are now relying heavily on private financing. Coinbase Global Inc COIN , SoFi Technologies Inc SOFI
News
At this point, you have probably absorbed, directly and indirectly, more than enough information on Web3s disgraced hero, Sam Bankman-Fried (SBF) and his currently insolvent businesses, FTX FTT/USD and its sister company, quantitative trading firm Alameda Research. Yet the story continues to unfold well beyond the investigations underway by the US Securities and Exchange Commission
Bitcoin and Ethereum traded lower on Wednesday evening as the global cryptocurrency market cap dropped 1.8% to $841.15 billion at 7:21 p.m. EST. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD -1.3% -1.75% $16,856.27 Ethereum ETH/USD -2.9% -4.75% $1,233.13 Dogecoin DOGE/USD -4.3% -10.5% $0.096 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour
Ending Jack Mas Ant Groups two-year-long regulatory feud, Chinese authorities will reportedly impose a fine of more than $1 billion on the billionaires fintech company. What Happened: Chinas central bank which has been driving the revamp at Ant after the Xi Jinping-led administration scuttled the company's $37 billion IPO at the last minute in 2020
Trafigura is handing more than $1.7bn to its top traders and shareholders after its net profit more than doubled from already record levels last year, fuelled by the energy crisis stoked by Russia’s invasion of Ukraine. The Swiss-based commodities trading company, which is owned by 1,100 shareholders mainly made up of executives and traders at
Stock, drop, and roll — Adobe Stock begins selling AI-generated artwork AI-wielding artist must assert ownership and label each piece as “Generative AI.” Benj Edwards – Dec 6, 2022 11:12 pm UTC Enlarge / An AI-generated watercolor illustration, now eligible for inclusion in Adobe Stock.Benj Edwards / Ars Technica reader comments 79 with 0 posters
Finance industry giant Fidelity Investments emailed its customers today to announce: The wait is over that is the wait to buy Bitcoin BTC/USD through Fidelity. In late October, the firm released its fourth annual report on Digital Assets. The study found that 58% of institutional investors surveyed had invested in digital assets in the first
Fintech has not only changed the way we do business, but how we lead our daily lives. Millions of times every day, Americans use fintech apps like Venmo and Zelle to send money straight from their phones, or Paypal and TorFxto conduct business transactions. Today, there are more than 26,000 fintech companies worldwide, including the
Ultra-pretty ultraportable — Review: The 2022 Dell XPS 13 is more than just a pretty face Louder, lighter, and better-looking than your typical 13-inch XPS laptop. Scharon Harding – Dec 7, 2022 12:00 pm UTC EnlargeScharon Harding reader comments 7 with 0 posters participating Share this story Share on Facebook Share on Twitter Share on
The British Museum and the Greek government are reportedly in talks about returning the Parthenon Marbles — also called the Elgin Marbles — to Greece, according to media reports. The marbles are a series of sculptures that once decorated the exterior of the Parthenon, a temple on the acropolis of Athens that was built between
In other news from Russia, President Putin on Monday signed legislation making it illegal to promote or praise LGBTQ relationships, or to express nonheterosexual orientations including in literature, film, television and websites.
China has announced wide-ranging relaxations to President Xi Jinping’s contentious zero-Covid restrictions, including for the first time home quarantine, as further evidence emerged of the economic damage from the pandemic controls. The new measures, outlined on Wednesday by the State Council, China’s cabinet, were foreshadowed by a meeting of the Chinese Communist party’s politburo that
In a risk-off environment where cryptocurrency has plummeted to a fraction of its previous valuation, its no secret raising capital in 2022 has become a challenge for startups and industry behemoths alike. But for those still building in the space, bear markets are pivotal for creating a foundation for the next market frenzy. While the
homeward bound — After lunar flyby, NASAs Orion spacecraft is set to splash down on Sunday NASA is now three weeks into a 25.5-day test flight of the Orion spacecraft. Eric Berger – Dec 6, 2022 2:38 pm UTC Enlarge / Orion, the Moon, and a crescent Earth on Monday.NASA reader comments 49 with 0
Apple Inc.AAPL co-founderSteve Wozniakhas describedBitcoinBTC/USD as the only cryptocurrency thats pure-gold mathematics. What Happened: Wozniak made the comments about Bitcoin in aninterviewwith Business Insider, adding that many cryptocurrencies are untrustworthy and have a track record of being rip-offs. There are so many cryptocurrencies that come out now; everybody has a way to create a new
One set of rules — Meta told to overhaul moderation system for high-profile users like Donald Trump Facebook accused of leaving dangerous content online to serve business interests. Hannah Murphy and Cristina Criddle, Financial Times – Dec 6, 2022 2:13 pm UTC EnlargeLiu Guanguan/China News Service reader comments 75 with 0 posters participating Share this
Saylor calls SBF the poster child of the crypto world while breaking down his antics, which ultimately brought the downfall of his empire. 4461 Total views 17 Total shares Listen to article 0:00 News Own this piece of crypto history Collect this article as NFT In a recent interview Michael Saylor, the MicroStrategy executive chairman
Ukrainian drones have struck two Russian air bases hundreds of miles from the frontlines. On Monday, Kremlin officials acknowledged the attacks damaged two Russian warplanes, and reported three people were killed and five others wounded in an explosion at a military base about 150 miles from Moscow. Russia responded with a fresh barrage of missile
In a risk-off environment where cryptocurrency has plummeted to a fraction of its previous valuation, its no secret raising capital in 2022 has become a challenge for startups and industry behemoths alike. But for those still building in the space, bear markets are pivotal for creating a foundation for the next market frenzy. While the
homeward bound — After lunar flyby, NASAs Orion spacecraft is set to splash down on Sunday NASA is now three weeks into a 25.5-day test flight of the Orion spacecraft. Eric Berger – Dec 6, 2022 2:38 pm UTC Enlarge / Orion, the Moon, and a crescent Earth on Monday.NASA reader comments 49 with 0