Robinhood CEO defends payment for order flow, says practice is ‘here to stay’
Robinhood CEO Vlad Tenev says he doesn’t believe that the payment for order flow (PFOF) model of market-maker routing that…
Zepz, a $5 billion fintech unicorn, is laying off more staff
Zepz, the money transfer group that owns WorldRemit, made a fresh round of layoffs. The British fintech unicorn, which is…
Stock trading platform Robinhood to launch in UK after two failed attempts
Online investments app Robinhood said Thursday that it’s set to launch its platform in the U.K. in early 2024, marking…
Apple is trying to unwind its Goldman Sachs credit card partnership
Apple has given Goldman Sachs a proposal to end its credit card and savings account partnership within the next 12…
European tech funding halves to $45 billion, back to pre-Covid levels — but AI is a bright spot
Venture capital investment into Europe’s tech industry plunged by half in 2023 as investors continued to reel from the effects…
Coinbase CEO says crypto industry can turn the page after historic Binance settlement
The crypto industry can finally close the chapter on a litany of scandals and problems after Binance was hit with…
Binance users pull more than $1 billion from the exchange after CEO leaves, pleads guilty
Outflows from Binance have amounted to more than $1 billion in the past 24 hours, not including bitcoin, according to…
Changpeng Zhao speaks out after pleading guilty to criminal charges, names Richard Teng as new Binance CEO
After pleading guilty to federal criminal charges and stepping down from his post as Binance CEO, Changpeng Zhao on Tuesday…
Elon Musk’s X is ‘profiting off violent content’ by Hamas, House Democrats allege
More than two dozen House Democrats on Tuesday accused Elon Musk’s X of “profiting off violent content by a terrorist…
Chinese tech giant Baidu’s shares rise 2% after revenue beat
BEIJING — Chinese tech giant Baidu reported Tuesday third-quarter revenue that beat expectations, although growth was slower than during the…
