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Square Buys Up $50M In Bitcoin

PYMNTS

Square , the FinTech payments company headed by Twitter CEO Jack Dorsey, announced on Thursday (Oct. 8) that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We In both cases, the purchases amount to a long-term bullish bet on bitcoin.

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Meta’s Twitter rival Threads explodes to 70m signups | FIS sells Worldpay to PE firm GTCR | Financial firms line up spot bitcoin ETF applications

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BlackRock files for bitcoin ETF in push into crypto | Nasdaq to acquire software firm Adenza for $10.5B | Big banks are talking up generative A.I.

Bussman Advisory

Join our community of 50,000+ subscribers and stay informed on the latest trends and news in the FinTech & AI world with the weekly newsletter provided by Bussmann Advisory. This week’s must-know stories: BlackRock files for bitcoin ETF in push into crypto Nasdaq to acquire software firm Adenza from Thoma Bravo for $10.5B

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Credit China FinTech Invests $30M In Bitfury Group, Forms JV

PYMNTS

Credit China FinTech, the Chinese investment company, announced Thursday (Jan. 26) it made a $30 million investment in Bitfury Group, the bitcoin and blockchain infrastructure provider. In an email to CNBC , Credit China FinTech’s Phang said it is looking at using blockchain for its peer-to-peer lending and payment platforms.

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Neobank Revolut Applies For UK Financial Services License 

PYMNTS

The FinTech startup has already created several financial services products, including cryptocurrency and stock trading, savings wallets, junior accounts and rewards. He will be tasked with developing the board and leadership team. The London-based FinTech was founded in 2015 and has secured more than $580 million in funding on a $5.5

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Ripple Mulls Moving Headquarters Abroad

PYMNTS

The FinTech company is most renowned for its XRP digital currency, CNBC reported. s FCA took a leadership role in characterizing how we should think about these different assets and their use cases,” Garlinghouse said. He noted that other regions have given similar affirmations. What you see in the U.K.

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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. The Comeback Investment of the Year Award – Bitcoin (BTC).

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