Fintech giants Klarna and Block slam ‘outdated’ UK buy now, pay later regulation proposals
The U.K.’s plan to regulate the buy now, pay later industry is “outdated” and will lead to worse consumer outcomes,…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…
EU lawmakers approve world’s first comprehensive framework for crypto regulation
Lawmakers in the European Parliament have approved the world’s first comprehensive package of rules aimed at regulating the cryptocurrency industry.…
Twitter partners with eToro to let users trade stocks, crypto as Musk pushes app into finance
Twitter will let its users access stocks, cryptocurrencies and other financial assets through a partnership with eToro, a social trading…
Investing app Acorns acquires kid-focused fintech GoHenry to expand in Europe
LONDON — American micro-investing platform Acorns acquired GoHenry, a digital banking startup focused on educating kids about money, for an…
Bitcoin climbs above $28,000 as investors shrug off regulatory crackdowns
Bitcoin climbed sharply Wednesday as investors shrugged off initial fears surrounding U.S. regulators’ crackdowns on industry giants and became willing…
U.S.-China tech rivalry will continue to put Chinese firms under intense scrutiny
Chinese companies will continue to face intense scrutiny as U.S.-China tensions and competition won’t be easing anytime soon, one analyst…
