Visa said Monday it bought a "CryptoPunk," one of thousands of NFT-based digital avatars, for nearly $150,000 in ethereum. An NFT — which stands for non-fungible token — is a
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India's digital payments start-up Paytm files for a $2.2 billion IPO
Paytm is planning to raise up to 166 billion rupees ($2.22 billion) in an initial public offering, according to draft papers submitted to the country's market regulator on Friday Paytm
Continue reading »UK-based fintech firm Wise launches service that lets Indian users send money abroad
Financial technology firm Wise said Tuesday that users in India would now be able to send money abroad to 44 countries around the world. That includes places like Singapore, the
Continue reading »Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG
For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto custody firm NYDIG. Banks
Continue reading »Venmo users can now buy and sell bitcoin and other cryptocurrencies
Starting Tuesday, Venmo will show users a new feature that lets them invest in four different cryptocurrencies with a minimum spending requirement of $1. With more than 70 million users,
Continue reading »Dogecoin spikes 300% in a week, stoking fears of a cryptocurrency bubble
Dogecoin is a cryptocurrency based on the "Doge" meme, which rose to popularity in late 2013. It started out as a joke. Now, defying all odds, dogecoin is now worth
Continue reading »SoftBank-backed Greensill Capital is reportedly preparing to file for insolvency
Greensill was backed by SoftBank's Vision Fund with $1.5 billion in 2019. The company employs former U.K. prime minister David Cameron as an advisor. The insolvency filing will reportedly allow
Continue reading »Cryptocurrency firms Tether and Bitfinex agree to pay $18.5 million fine to end New York probe
Tether and Bitfinex reached an agreement with the New York attorney general's office to settle a long-running legal dispute. New York's top law enforcement official had been investigating the firms
Continue reading »Women are 'absolutely critical' to ensuring everyone has access to finances, Bill Gates says
Governments and businesses that are serious about giving all members of society access to financial services should put their resources toward women, Bill Gates has said. Reaching women is "absolutely
Continue reading »UK digital bank Starling's losses doubled in 2019 — but it expects to break even this year
Starling posted a pre-tax loss of £53.6 million ($70.4 million) in the year ending November 30, up from a £26.9 million loss in 2018. The app-based bank said it had seen
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