Ethereum co-founder Anthony Di Iorio bids adieu to crypto
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Anthony Di Iorio, a co-founder of the Ethereum network, says he’s leaving the crypto world out of concern for his personal safety.
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Fintech News Stories
Robinhood seeks $35B valuation in upcoming IPO
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Trading app Robinhood is reportedly seeking to raise $2.3B in an upcoming initial public offering (IPO).
Read MoreBitcoin slides toward $31,000 amid Fed Chair Powell remarks on stablecoins
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Bitcoin slid toward $31,000 on Thursday, July 15 – its lowest level in around three weeks.
Read MoreVanguard acquires startup Just Invest in bid to grow toolset for advisers
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Pennsylvania-based investment behemoth Vanguard, which is the world’s second-largest asset manager, is buying Just Invest, a 5-year-old startup whose technology helps advisers customize portfolios.
Read MoreChime lawyers up as speculation grows about IPO plans
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Digital banking startup Chime has hired 10 new lawyers this year as industry watchers attempt to read the tea leaves on the company’s possible IPO plans.
Read MoreApple and Goldman working on checkout loan product to compete with Affirm, reports say
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Apple and Goldman Sachs are reportedly developing a service called Apply Pay Later to rival ‘buy now, pay later’ (BNPL) offerings from firms like Affirm and Afterpay.
Read MoreBanks lobby for tiger controls on fintech access to Fed payments system
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Banks are lobbying the Federal Reserve to set strict parameters for fintechs that want access to services provided by the Fed, including its payments system.
Read MoreLendUp stops making loans
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LendUp, an online lender aimed at credit-challenged customers, is reportedly shutting down after 9 years.
Read MoreBiden executive order addresses bank mergers, portability of customer data
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In a sweeping executive order signed Friday, July 9, President Joe Biden set forth a number of measures aimed at restricting anti-competitive practices.
Read MoreMortgage fintech Better to expand to Britain with Trussle acquisition
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Better.com, the 5-year-old digital mortgage provider, is acquiring U.K-based digital mortgage broker Trussle Lab in its first overseas expansion move. Terms of the deal were not disclosed.
Read MoreMoney-transfer unicorn Wise begins trading on London Stock Exchange
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Wise, formerly known as TranserWise, made a London stock market debut this week in a direct listing that valued the company at $11B.
Read MoreDigital banking app Chime faces hundreds of CFPB complaints over unexplained account closures
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Chime, a fintech company that works with partner banks to offer banking services to its customers, is facing scrutiny over 920 complaints to the Consumer Financial Protection Bureau (CFPB)
Read MoreCryptocurrency startup Circle to go public in $4.5B SPAC deal
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Circle, a cryptocurrency infrastructure company that claims to allow “businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications,”
Read MoreJPMorgan Chase to acquire startup OpenInvest to enhance ESG capabilities
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In its third fintech acquisition of the year, JPMorgan Chase announced plans to acquire OpenInvest, an Andreessen Horowitz-backed startup founded by former Bridgewater Associates employees.
Read MoreIntegrated ecommerce platform VEEPIO to transform how athletes monetize their personal brands
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VEEPIO, a startup backed by Philadelphia Eagles owner Jeffrey Lurie and founded by Najee Goode, a former NFL linebacker and Super Bowl champion, and two other former WVU football players, aims to use technology to change how athletes can earn money from their names, images, and likenesses.
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