Bumper numbers help paper over the woes of Wise November 29, 2022 Wise’s regulatory and reputation troubles have not hurt the bottom line, writes Charlie Conchie
FTSE-100 indexer rolls out crypto equivalent amid market turmoil November 29, 2022 The firm behind the FTSE-100 has rolled out a series of crypto indexes today as it doubles down on a push into digital assets despite extreme volatility in the market.
BlockFi sues Bankman-Fried in bid to scoop up Robinhood stake November 29, 2022 Crypto lender BlockFi, which yesterday filed for bankruptcy, is suing the founder of collapsed crypto exchange FTX in a bid to claim Robinhood shares which were allegedly pledged as collateral, according to reports.
Revenue jumps for Wise thanks to customer flurry November 29, 2022 Wise said revenue climbed in the half year as the customer base balloons for the London-based fintech company. The money transferring service moved over £51bn for customers globally in the first half of the year, 49 per cent more than the previous year. As such, Wise said revenue also climbed 55 per cent from 2021 [...]
Crypto lender BlockFi files for bankruptcy as FTX shockwaves spread November 28, 2022 Crypto lender BlockFi has filed for bankruptcy today as the fallout of FTX’s collapse spreads across the industry.
Coinbase doubles down on Europe expansion amid ‘most challenging’ period in crypto November 28, 2022 Crypto exchange Coinbase has appointed five new executives to its top team in Europe today as it doubles down on expansion amid one of the “most challenging” periods in the history of the market.
London venture firm Pact launches £30m seed fund November 24, 2022 Female-led venture capital investor Pact has revealed its first £30m seed fund today as it looks to pump cash into early-stage startups across Europe.
London investment will come roaring back after drop-off, says British Business Bank November 24, 2022 London’s firms will be forced to weather a sharp drop-off in deals in the coming months before they rebound in full force, a top official at the British Business Bank has warned.
Binance chief poised to snap up $1bn distressed crypto assets November 24, 2022 The chief of crypto exchange Binance said he may snap up $1bn worth of distressed assets in the sector as firms fail amid the shockwaves of FTX’s collapse.
Crypto exchange OKX opens its balance sheet as sector scrambles to restore trust November 23, 2022 Crypto exchange OKX has revealed the state of its balance sheet today to prove to customers it has not been gambling with their cash, as the industry scrambles to restore confidence in the wake of FTX’s collapse.