FinTech

Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024

The CEO of blockchain startup Ripple sees the combined market capitalization of the cryptocurrency market topping $5 trillion this year.…

FTX founder Sam Bankman-Fried sentenced to 25 years for crypto fraud, to pay $11 billion in forfeiture

Watch Daily: Monday – Friday, 3 PM ET FTX founder Sam Bankman-Fried was sentenced to 25 years in prison on…

SEC scores big win in lawsuit against crypto exchange Coinbase

Watch Daily: Monday – Friday, 3 PM ET The Securities and Exchange Commission scored a major win in its lawsuit…

Block shares surge 16% after company announces surprise profit

Block stock closed up 16% Friday, a day after the payments company reported fourth-quarter earnings that beat analysts’ estimates on…

Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm

Americans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to…

Digital banking giant Revolut is launching phone plans for travelers in the UK

British financial technology company Revolut is launching phone plans in the U.K., the company has told CNBC exclusively, making it…

Mastercard jumps into generative AI race with model it says can boost fraud detection by up to 300%

Payments giant Mastercard says it has built its own proprietary generative artificial intelligence model to help thousands of banks in…

Former UK finance minister joins Coinbase crypto exchange as an advisor

LONDON — A former British finance minister on Wednesday joined cryptocurrency exchange Coinbase as a global advisor, beefing up the…

Judge refused to let Binance founder Zhao travel to UAE despite his offer to use equity as security

A federal judge last month rejected a request by Binance founder Changpeng “CZ” Zhao to travel to his home in…

‘Very good chance’ that U.S. passes stablecoin laws this year, Circle CEO says

The CEO of Circle, the company behind popular stablecoin USD Coin, sees a strong chance that laws for stablecoin issuers…