Revolut, the $45 billion neobanking startup founded in the U.K., may have put its IPO plans on ice, but its balance sheet is looking pretty hot. The company reported net profit of $1 billion (£790 million) in 2024, while its customer base grew by 38% to 52.5 million, according to its annual report. Revenues increased […]
Revolut, the $45B neobank, posts $1B profit in 2024 Read More »
A new animated kids’ series expected to premiere this year won’t be headed for a TV network. Or a streaming service. Instead, the founders of production studio We Ghosted Media plan to launch on a decentralized web platform that uses blockchain technology. And yes, a crypto wallet will be involved. We Ghosted Media — founded by
A new kids’ show will come with a crypto wallet when it debuts this fall Read More »
U.S. Treasury officials have lifted sanctions on Tornado Cash, a crypto mixer that the U.S. government previously said was used to launder $7 billion worth of crypto stolen by North Korean hackers. In a statement, the Treasury said it “exercised our discretion” to delist Tornado Cash following a legal battle. Sanctions make it illegal for
Robinhood on Monday said that the SEC has closed its investigation into Robinhood’s crypto unit and will not pursue action. This follows Coinbase saying on Friday that the SEC has dropped its lawsuit against it. The SEC, under former chair and crypto hawk Gary Gensler, was looking into a number of crypto exchanges over how
The SEC will not to sue Robinhood over crypto Read More »
Robinhood on Monday said that the SEC has closed its investigation into Robinhood’s crypto unit and will not pursue action. This follows Coinbase saying on Friday that the SEC has dropped its lawsuit against it. The SEC, under former chair and crypto hawk Gary Gensler, was looking into a number of crypto exchanges over how
The SEC will not sue Robinhood over crypto Read More »
Coinbase on Friday said the SEC has agreed to drop the lawsuit against the company with prejudice, meaning it cannot be filed again. The move, which is still subject to the approval of the SEC’s Commissioners, is yet another signal that the Trump administration plans to be more friendly to crypto than the SEC was
Brian Armstrong says Coinbase spent $50M fighting SEC lawsuit – and beat it Read More »
Stripe has closed on its $1.1 billion purchase of stablecoin platform Bridge – marking the payment giant’s largest acquisition to date and tangible push into crypto. Co-founded in 2022 by Coinbase and Square alumni Zach Abrams and Sean Yu, San Antonio, Texas-based Bridge built an API that helps companies accept stablecoins. The pair raised $58
Stripe makes $1.1 billion crypto bet as it closes on Bridge acquisition Read More »
After MoviePass’s historic implosion, subscribers to the “Netflix for movie theaters” were already cautious around the company’s 2023 relaunch. These moviegoers may grow even more skeptical after MoviePass sent out an email blast on Wednesday, which surveyed customers about their interest in web3. “Artificial Intelligence and Blockchain technologies are transforming the business landscape at an unprecedented
MoviePass might pivot to crypto Read More »
UK documents show that the UK’s Department of Business and Trade spent five years convincing Andreessen Horowitz to create a presence in London, only for the US firm to leave 18 after launching an office, according to government documents obtained by Sifted. In 2023, a16z launched a crypto office in London, deeming the crypto environment
Documents show UK wooed a16z for five years Read More »
President Donald Trump on Thursday ordered the formation of a working group to propose federal regulations for “digital assets” — including cryptocurrencies, digital tokens, and stablecoins — and evaluate a national crypto stockpile. Ex-PayPal COO and founder of VC firm Craft Ventures David Sacks, Trump’s pick for crypto an AI ‘czar,’ will lead the working
Trump orders formation of working group to evaluate crypto stockpile Read More »
