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…
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…
Plaid taps Adyen executive to lead its European operations
U.S. financial technology firm Plaid has hired former Adyen executive Brian Dammeir as its new head of Europe, the company…
Mastercard doubles down on effort to detect and tackle crypto fraud with AI tie-up
Mastercard is doubling down on its efforts to detect and prevent fraud that’s routed through cryptocurrency exchanges. The company told…
Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation
GoCardless, the British fintech company backed by Alphabet’s venture capital fund GV, is considering more mergers and acquisitions as it…
Biden administration aims to free up more wireless spectrum
The White House said Monday it is issuing a new strategy and presidential memorandum that aims to free up additional…
Ripple CEO says SEC has lost sight of mission to protect investors
The CEO of blockchain company Ripple has some strong words for the U.S. Securities and Exchange Commission. Brad Garlinghouse told…
Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit,…
UK invests $273 million in AI supercomputer as it seeks to compete with U.S., China
The U.K. government said Wednesday that it will invest £225 million, or $273 million, into an artificial intelligence supercomputer, highlighting…
With China playing catchup with the U.S., these 3 charts show the top countries for fintech in 2023
From the U.S. to China, countries around the world are battling it out to lead on financial technology, a heavily…
