Tesla, whose CEO Elon Musk has been tweeting in support of bitcoin and dogecoin, confirmed on Monday, Feb. 8 that the company has invested $1.5B in bitcoin and will accept the cryptocurrency as a payment method in the future.
Read MoreWhile brokerage platforms have lifted prior limits on trading of GameStop, AMC Entertainment and other shorted stocks, regulators are examining the fallout from recent events.
Read MorePayPal, which launched capabilities to buy, sell, and hold cryptocurrencies last October, said it’s seeing strong crypto transactional activity and plans to grow a recently-launched unit dedicated to the rollout of these offerings.
Read MoreKlarna, a firm that’s best known for its point-of-sale financing toolset, reports that it more than doubled its total number of U.S. users to 15 million compared to just one year ago.
Read MoreVisa this week inked a partnership with First Boulevard, a challenger bank aimed at the Black community, to allow First Boulevard to pilot Visa’s new suite of crypto APIs.
Read MoreOn Monday, July 19, Treasury Secretary Janet Yellen, convened the President’s Working Group on Financial Markets (PWG).
Read MoreMoneyLion, a digital banking startup whose platform also offers lending and investing, is reportedly in talks to go public by merging with Fusion Acquisition, a special purpose acquisition company (SPAC).
Read MoreAs the dust settles over the Robinhood-GameStop debacle, the company is picking up the pieces with a bruised reputation, lawsuits, and the likelihood of enhanced government oversight.
Read MoreCNN's Chris Cuomo speaks with Vlad Tenev, CEO of the stock-trading app Robinhood, after the company barred traders from buying shares of GameStop promoted by WallStreetBets, a popular subreddit for investors.
As retail investors on Reddit boosted heavily-shorted stocks like AMC Entertainment, Blackberry, and GameStop – which rose hundreds of percentage points in recent weeks
Read MoreThis week, CCG Catalyst Consulting and the Arizona Bankers Association partnered to create the Arizona Fintech Council, an entity that will allow new opportunities for financial institutions and fintechs to work together and build proofs of concept as part of Arizona’s regulatory sandbox.
Read MoreOpenly, which offers premium homeowners insurance through independent agents, is partnering with AI startup Flyreel to integrate its toolset as part of a streamlined home inspection process.
Read MoreAnt Group (formerly Ant Financial), which owns payment platform Alipay and operates a loan marketplace, plans to roll out a series of reforms in response to concerns from Chinese regulators.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
