Fintech firm Klarna halves net loss in first quarter as it races toward profitability
Klarna, the Swedish buy now, pay later fintech company, halved its net loss in the first quarter, recording a significant…
Stablecoin giant Tether to mine bitcoin in Uruguay using renewable energy
Cryptocurrency giant Tether is setting up a bitcoin mining operation in Uruguay using renewable energy, as the company looks to…
British digital bank Monzo hits monthly profitability for the first time after spike in lending
Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of…
TripAdvisor rival GetYourGuide nears $2 billion valuation as it raises fresh funds to invest in A.I.
German online travel startup GetYourGuide raised $194 million from investors, hoping to capitalize on a bump in demand for travel…
Crypto exchange owned by embattled conglomerate Digital Currency Group loses top global exec
Vijay Ayyar, a senior executive at cryptocurrency exchange Luno and one of its earliest employees, is leaving the company. Ayyar,…
Fintech giants Klarna and Block slam ‘outdated’ UK buy now, pay later regulation proposals
The U.K.’s plan to regulate the buy now, pay later industry is “outdated” and will lead to worse consumer outcomes,…
Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard
LONDON — Britain’s top competition regulator on Wednesday moved to block Microsoft‘s acquisition of video game publisher Activision Blizzard. The…
No ‘immediate path forward’: CFTC is talking to Binance after launching legal action, official says
A Commodity Futures Trading Commission official said Tuesday that she hopes to find a “path forward” in the regulator’s legal…
Fintech firm Klarna overhauls its app with a TikTok-like discovery feed as A.I. hype swirls
Klarna announced a sweeping redesign of its app, adding a TikTok-inspired discovery feed powered by artificial intelligence, customized shops for…
Crypto winter is over — and bitcoin could hit $100,000 by the end of 2024, Standard Chartered says
Bitcoin’s value could jump to as much as $100,000 by the end of 2024, Standard Chartered said in a note…
