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Fitch Ratings notes that Block has used convertible debt for external funding since its IPO and is well-positioned to exploit the growth in payments and consumer financial services.
Fintech firm Block (formerly Square) announced plans on May 6 to issue $1.5 billion in senior notes through a private placement to qualified institutional investors. Th...
4 months ago
Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion.
The fintech company and global neobank Revolut made a notable move into the cryptocurrency sphere by quietly introducing a specialized crypto trading platform for retail customers in the United ...
4 months ago
The SEC is planning to file an “enforcement action” against Robinhood’s cryptocurrency business, according to the Wells notice.
The United States Securities and Exchange Commission (SEC) has issued a Wells notice to the popular trading platform Robinhood. Following the news of the Wells notice, Robinhood’...
4 months ago
Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business.
Stronghold Digital Mining is considering selling the company in an effort to maximize shareholder value, according to its first-quarter financial report. Information shared with Cointe...
4 months ago
U.S. Senator Cynthia Lummis argued that the Department of Justice’s position on crypto self-custody conflicts with existing Treasury guidance and breaches the rule of law.
Lummis (R-WY) says she opposes the Biden Administration’s criminalization efforts related to the Bitcoin (BTC) network and decentralized finance (defi). The Department of Justice...
4 months ago
The U.S. Department of the Treasury’s OFAC has sanctioned a Russian one-way attack UAV developer, which solicited donations in crypto on Telegram.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on May 1 sanctioned nearly 300 individuals and entities in a bid “to limit the Kremlin’s revenue a...
4 months ago
The industry could see a shift toward player-centric Web3 games this cycle as Web2 founders enter the GameFi space, according to Bitget’s managing director.
Web3 games should shift their focus from play-to-earn to “play-and-earn” to attract new mainstream crypto adopters. The issue is that most Web3 games focus solely on the ec...
4 months ago
YouTuber and Ultimate star MKBHD tested the device using a game controller, his legs and “the force.”
The Imagineers at Disney have come up with what may be the killer app for metaverse hardware, a 360-degree treadmill controllable via remote control, physical movement, or gesture. ...
4 months ago
Avalanche C-Chain users can now buy AVAX directly within Web3 apps by using a widget supplied by Stripe.
The Avalanche C-Chain network has integrated with payment firm Stripe, allowing verified Stripe users to buy Avalanche’s AVAX and send it to their wallets, according to an ...
4 months ago
Apple has reportedly been luring experts from Google in its efforts to catch up with Big Tech companies in the race to develop and deploy high-level AI models.
Apple has reportedly been snatching up experts from Google in an effort to build out its own team of artificial intelligence (AI) and machine learning experts. According to a&nbs...
4 months ago
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