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FinTech

Early Revolut backer Lakestar leads $40 million investment in Swan

by Claribel Alegria
Early Revolut backer Lakestar leads  million investment in Swan

Swan co-founder and CEO Nicolas Benady. Swan European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French fintech startup Swan. …

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Britain’s $4.5 billion digital bank Monzo debuts investments feature

by Claribel Alegria
Britain’s .5 billion digital bank Monzo debuts investments feature

Monzo, the $4.5 billion digital challenger bank, launched a feature that lets users make investments —marking its first foray into the massive financial investment market. The feature, called Investments, will …

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First bitcoin ETF could be coming soon as court rules in favor of Grayscale over SEC

by Lotfi Akalay
First bitcoin ETF could be coming soon as court rules in favor of Grayscale over SEC

The U.S. Court of Appeals for the D.C. Circuit has paved the way for bitcoin exchange-traded funds. On Tuesday, the court sided with Grayscale in a lawsuit against the Securities …

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What it’s like in Europe’s crypto hub Portugal as the U.S. cracks down

by Claribel Alegria
What it’s like in Europe’s crypto hub Portugal as the U.S. cracks down

Alexander Spatari | Moment | Getty Images LISBON, PORTUGAL — Matadors and bitcoin maximalists are regulars at Campo Pequeno, a neo-Moorish bullring in the northernmost reaches of the Portuguese capital …

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Stripe rival Adyen secures banking license in the UK

by Betti Alver
Stripe rival Adyen secures banking license in the UK

The Adyen logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Dutch payments giant Adyen on Thursday said it won approval for a banking …

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Texas paid bitcoin miner Riot $31.7 million to shut down in August

by Lotfi Akalay

During the crypto boom of 2021, Riot Platforms was raking in cash from bitcoin mining. Now the company is losing so much money that it’s counting on energy credits from …

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