News (408)

Bitcoin Likely to Cool Off in Early 2021: Newton Advisors

After hitting its all-time high, Bitcoin is likely to take a breather as we head into 2021, according to a prognostication from the president and founder of Newton Advisors, Mark Newton. So reports CNBC.


MassMutual Makes Pair of Moves to Splash the Crypto Space

Massachusetts Mutual Life Insurance Co. is making waves with its $100 million Bitcoin investment and new stake in NYDIG. So reports Coindesk.


Index Solution Provider Pulls $60M Investment Haul from Summit Partners

German fintech Solactive pulled in a $60.4 million “minority investment” from Summit Partners. So reports TechCrunch.


Wealthfront Adds Bair, Curry for Financial Services Push

Wealthfront tapped two big names in finance to sit on an advisory board aiming to push the fintech firm deeper into the financial services space. So reports CNBC.


Uphold Launches First-of-its-kind Tradable Carbon Token

Uphold said it has launched the “first tradable retail carbon token.” So reports Coindesk.


S&P Dow Jones to Partner with Lukka for New Crypto Indices

S&P Dow Jones Indices said it is planning to offer cryptocurrency indexes in 2021. So reports Reuters.


Biden Transition Team Flush with Fintech Voices: Expert

Lawmakers and advocates expect a Joe Biden administration to facilitate the creation of digital dollars and “stronger personal ownership of digital identities” while simultaneously closing regulatory loopholes fintechs could take advantage of. So reports Roll Call.


JPMorgan to Acquire Fintech Startup 55ip

After CEO Jamie Dimon said the company was on the hunt for fresh acquisitions, JPMorgan Chase announced it will purchase fintech startup 55ip. So reports CNBC.


DOJ Pushes Credit Karma to Sell Tax Product to Square Ahead of Intuit Acquisition

Square, Inc. has come to an agreement with Credit Karma to buy its tax arm for $50 million, the company recently announced. The move comes after the U.S. Department of Justice took issue with a proposal for Intuit, the creator of TurboTax, to acquire Credit Karma outright.


Airbnb Looks to Digital Payments As COVID-19 Reshapes Rental Landscape

Vacation rental company Airbnb is getting set to integrate digital currency and blockchain technology into its business. So reports CoinGeek.


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