Robinhood crypto unit fined $30M by New York regulator
Robinhood Markets Inc.’s cryptocurrency arm was fined $30 million by New York’s financial regulator after the brokerage was accused of...
Visa, Mastercard swipe fees targeted in planned Senate bill
Two US senators plan to introduce legislation as early as this week that would give merchants the ability to route...
Shopify will cut 10% of its staff, with most workers gone by day’s end
Canadian e-commerce firm Shopify Inc. will cut about 10% of its workforce Tuesday, as Chief Executive Officer Tobi Lutke acknowledged...
Decentralized finance versus traditional finance: Key differences
Listen to Bloomberg Crypto on the iHeartRadio App Listen to Bloomberg Crypto on Apple Podcasts Listen to Bloomberg Crypto on Spotify Something we say a lot...
Visa in talks to invest in fintech startup Airwallex
Payments giant Visa Inc. is in talks to join an extension of the fintech startup Airwallex’s latest funding round, according...
Fintech execs convicted in US after $160 million sent to Nigeria
The operators of a Texan payments firm with ties to the UK pleaded guilty in the US to money laundering...
Monzo aims for growth over quick profit during fintech downturn
The boss of UK digital bank Monzo Bank Ltd. said he’s targeting growth rather than immediate profit during a turbulent...
Billionaire’s tech firm to buy BAE fraud-detection arm NetReveal
Technology billionaire Romesh Wadhwani’s artificial intelligence software company agreed to buy BAE Systems Plc’s financial crime detection business, NetReveal. Terms...
Klarna’s valuation slashed by $39 billion amid fintech rout
Klarna Bank AB’s valuation has been slashed to $6.7 billion in its latest funding round, in a dramatic reversal for...
Banks, payments hit as Rogers suffers major network failure in Canada
Rogers Communications Inc. is experiencing a widespread network failure in its wireless and internet services, causing payment systems and automated...
