Financial Platform News
News and analysis coverage of financial platforms, ranging from payment processing and credit through to retail banking and investment services.
PayPal profit tops estimates on digital payments boom
PayPal Holdings Inc has reported its strongest first quarter on record and beat profit estimates, with a coronavirus-driven shift to online shopping and digital transactions boosti...
Bitcoin, ethereum see strong inflows in latest week
Bitcoin and ethereum, the two largest cryptocurrencies in terms of market capitalization, posted strong inflows last week that saw investments in the sector hit $489 million, the l...
EBay says open to accepting to cryptocurrencies in future
EBay Inc is open to the possibility of accepting cryptocurrency as a form of payment in the future and is looking at ways to get non-fungible tokens (NFTs) on its platform, the com...
Buffett and Munger criticise Robinhood for casino-like atmosphere
Warren Buffett on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers, and said commission-free brokerages such as ...
German regulator warns Binance over stock tokens
Germany’s financial regulator, BaFin, warned that Binance, one of the world’s largest cryptocurrency exchanges, risked being fined for offering security-tracking tokens...
Ethereum jumps to record high on report of EIB digital bond issuance
Ethereum, the number two cryptocurrency in terms of market capitalization, rose to an all-time peak, with market participants citing media reports about the European Investment Ban...
FinTech start-up Current valuation triples after Andreessen funding
Current has raised $220 million in a funding round led by venture capital giant Andreessen Horowitz that lifted its valuation by three-fold to a cool $2.2 billion.
Bitcoin hit with record weekly outflow as rally ebbs
Bitcoin posted a record weekly outflow, with overall sentiment on cryptocurrencies turning cautious as the digital asset’s searing rally hit a wall, data from digital currenc...
Bitcoin tumbles below $50,000, other cryptos sink over Biden tax plans
Bitcoin and other cryptocurrencies posted sharp losses on Friday, on concern that President Biden plans to raise capital gains taxes will curb investments in digital assets.
UK Cyber Spy Chief suggests China could rule world’s technology
The West must urgently act to ensure China does not dominate emerging technologies and gain control of the “global operating system”, the UK’s top cyber spy has s...
UK court allows Australia’s Wright to serve bitcoin copyright claim
London’s High Court has paved the way for a case that could force its judges to take a view on who invented bitcoin, the world’s biggest cryptocurrency which last week ...
Ant Group agrees to invest in Brazil loyalty co Dotz
China’s Ant Group has sealed a deal to acquire a 5% stake in the Brazilian loyalty program Dotz, according to a securities filing on Wednesday.
PayPal’s Venmo launches crypto buying and selling
Venmo, the peer-to-peer payment service owned by PayPal, has said it has started allowing users to buy, hold and sell cryptocurrencies on its app, a step that could inspire more ma...
Mastercard to buy digital ID verification firm Ekata in $850 million deal
Mastercard has agreed to buy digital identity verification company Ekata in a deal valued at $850 million, as the global payments processor bets on a boom in demand for companies i...