FinTech

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…

Here’s what a bitcoin ETF actually means for investors

The U.S. Securities and Exchange Commission just approved the first-ever batch of spot bitcoin exchange-traded funds to come out of…

UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%

The fintech industry saw more pain in 2023, with overall investment falling by half as higher interest rates and worsening…