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FinTech

JPMorgan’s UK digital bank blocks customers from buying crypto

by Ev Richard
JPMorgan’s UK digital bank blocks customers from buying crypto

Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images Chase UK, the British challenger bank brand …

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Categories Technology

Where are bitcoin miners in 2023: Texas

by Ev Richard
Where are bitcoin miners in 2023: Texas

Foundry’s Kevin Zhang with Jihan Wu, the founder and chairman of Bitdeer and a co-founder of Bitmain. Kevin Zhang Crypto winters don’t scare Kevin Zhang, who has been in the …

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Categories Technology

Ethereum founder on U.S. crypto crackdown

by Ev Richard
Ethereum founder on U.S. crypto crackdown

Ethereum founder Vitalik Buterin in Prague. CNBC PRAGUE — For Vitalik Buterin, the idea of home is fleeting. The Russia-born coder, who built ethereum in his late teens, doesn’t stay …

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Categories Technology

SBF’s parents sued by FTX for millions in ‘misappropriated funds’

by Milton Acorn
SBF’s parents sued by FTX for millions in ‘misappropriated funds’

Bankrupt crypto exchange FTX is looking to claw back luxury property and “millions of dollars in fraudulently transferred and misappropriated funds” from the parents of Sam Bankman-Fried, the exchange’s disgraced …

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Categories Science

Early Revolut backer Lakestar leads $40 million investment in Swan

by Ev Richard
Early Revolut backer Lakestar leads  million investment in Swan

Swan co-founder and CEO Nicolas Benady. Swan European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French fintech startup Swan. …

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Categories Technology

Britain’s $4.5 billion digital bank Monzo debuts investments feature

by Adrian Jhonsan
Britain’s .5 billion digital bank Monzo debuts investments feature

Monzo, the $4.5 billion digital challenger bank, launched a feature that lets users make investments —marking its first foray into the massive financial investment market. The feature, called Investments, will …

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Categories World

What it’s like in Europe’s crypto hub Portugal as the U.S. cracks down

by Ev Richard
What it’s like in Europe’s crypto hub Portugal as the U.S. cracks down

Alexander Spatari | Moment | Getty Images LISBON, PORTUGAL — Matadors and bitcoin maximalists are regulars at Campo Pequeno, a neo-Moorish bullring in the northernmost reaches of the Portuguese capital …

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Categories Technology

Stripe rival Adyen secures banking license in the UK

by Ev Richard
Stripe rival Adyen secures banking license in the UK

The Adyen logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Dutch payments giant Adyen on Thursday said it won approval for a banking …

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Categories Technology

Texas paid bitcoin miner Riot $31.7 million to shut down in August

by Ev Richard
Texas paid bitcoin miner Riot .7 million to shut down in August

During the crypto boom of 2021, Riot Platforms was raking in cash from bitcoin mining. Now the company is losing so much money that it’s counting on energy credits from …

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Categories Technology

Buy now, pay later firm Klarna reduces losses by 67%, revenue up 21%

by Ev Richard
Buy now, pay later firm Klarna reduces losses by 67%, revenue up 21%

Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid toward profitability. …

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Categories Technology
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