News

News (408)

Coinbase Direct Listing Excepted to Boost Valuation By Multiples

Cryptocurrency exchange Coinbase is looking at a possible $68 billion valuation as it prepares to go public on the Nasdaq stock exchange. So reports CNBC.

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Tether Goes Live On 8th Blockchain Network

Tether is now available through the Solana network, which is now the eighth blockchain to support the world’s top stablecoin. So reports Coindesk.

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Payments Firm Flutterwave Considering Dual listing in U.S., Africa

Flutterwave, an Africa-centric payments firm, is considering going public. The company recently raised $170 million in an investor round and is now valued at more than $1 billion. So reports Reuters.

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SoFi Wants to Give Users Elevated Interest Rates After It Becomes a Bank: CEO

Fintech SoFi is aiming to boost interest rates offered to customers should it be granted a permanent national banking charter, says Anthony Noto, the company’s CEO. So reports CNBC.

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New Benzinga Series Highlights Achievements Of Women In Fintech

In honor of Women’s History Month, Benzinga is launching a four-part YouTube series devoted to highlighting the role of women in fintech and financial services.

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Rumor Mill Swirls As PayPal Expected to Make $500M Curv Purchase

Payments company PayPal is expected to close a deal to buy Curv, a cryptocurrency storage firm. So reports Yahoo! Finance.

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Square Gets Nice Bump On New Banking Launch

Square has launched its own banking operations and shares saw as much as a 7% bump off the news. So reports CNBC.

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NY AG Settles with Tether, Bitfinex Over Alleged Fraud Claims

New York state Attorney General Letitia James said her office has come to terms with cryptocurrency platforms Tether and Bitfinex after alleging the firms hid “hundreds of millions” in losses from the public. So reports The Hill.

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$1B Klarna Round Rumored Ahead of Major IPO

Stockholm-based Klarna is about to finalize a $1 billion funding round that would raise its valuation to a whopping $31 billion. So reports CNBC.

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Fintechs Worldwide Rebounded Strongly in 2H’20 and Beyond: Reports

The second half of 2020 showed significant growth over the first half with respect to worldwide fintech investment deals as H2 doubled those in H1, reads a new report from KPMG. However, 2020 as a whole still checked in well under weight as the year-over-year total compared to 2019 was down to $105 billion from $168 billion.

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