FinTech Platform News
News and analysis of FinTech and financial platforms, ranging from payment processing and credit through to retail banking and investment services.
Buy now, pay later firm Zip to buy US rival Sezzle in $352 million deal
Buy now pay later (BNPL) firm Zip Co Ltd has said it would buy US-based Sezzle Inc in a A$491 million (approximately $352.59 million) deal, as it looks to further expand its reach ...
Jack Dorsey’s Block beats profit estimates
Block Inc, the payments company of Twitter Inc founder Jack Dorsey, posted better than expected fourth-quarter profit thanks to a highly volatile bitcoin market and booming online ...
Crypto exchange Coinbase’s trading volumes surge on retail interest
Leading cryptocurrency exchange Coinbase Global Inc has reported a surge in quarterly trading volumes on a sequential basis as volatility in prices drew in retail traders, but warn...
CRYPTOVERSE-Bitcoin could be laid low by miners’ malady
Bitcoin miners are feeling the heat – and the pain’s rippling downstream to pressure prices.
Shares in Nubank rise as it narrows loss, boosts revenue
Shares in Nubank rose nearly 8% in after-hours trading as investors welcomed a narrower fourth-quarter loss at Latin America’s most valuable fintech, which added new clients ...
FBI to form digital currency unit, Justice Dept taps new crypto czar
The US Justice Department has tapped a seasoned computer crimes prosecutor to lead its new national cryptocurrency enforcement team and announced that the FBI is launching a unit f...
NYSE moves closer to NFT trading with trademark application
The New York Stock Exchange has filed an application to register the term “NYSE” for a marketplace for non-fungible tokens (NFTs), taking a step closer to setting up an...
Bitcoin runs into Russian rules and regiments
Bristling tensions and looming laws in Europe could offer clues to two questions: Can bitcoin be a safe-haven asset? And can Russia emerge as a crypto superpower?
Coinbase removes cryptocurrency links after ‘rug pull’ warnings
Coinbase Global has removed ‘how to buy’ instructions for at least three crypto tokens which have been the subject of ‘rug pull’ warnings that investors may...
Global regulators going ‘full steam’ to tame crypto currencies
Regulators came late to the fast evolving cross-border world of cryptoassets but they could come up with their first global framework of rules within months, a senior official has ...
Head of US derivatives regulator urges key crypto role for agency
The head of the US Commodity Futures Trading Commission told lawmakers on Wednesday his agency should take on a leading role in policing cryptocurrency.
Meta and Chime file lawsuit against alleged phishing scam
Meta Platforms has said it has filed a joint lawsuit with digital banking company Chime against two Nigeria-based individuals who engaged in phishing attacks to deceive people and ...
Apple to turn iPhones into payment terminals in FinTech push
Apple Inc is introducing a new feature that will allow businesses to accept credit card and digital payments with just a tap on their iPhones, bypassing hardware systems such as Bl...
Early Facebook investor Peter Thiel to step down from Meta board
Facebook-parent Meta Platforms Inc has said that controversial billionaire investor Peter Thiel, an early investor who has been on the company’s board since 2005, has decided...
PayPal gives downbeat earnings forecast, shares plunge
PayPal Holdings Inc has forecast first-quarter revenue and profit well below expectations, as it prepares to take a hit from eBay Inc’s ongoing move to ditch its payments ser...