WallStreetBets traders coordinated buying of GameStop stock to squeeze short-selling hedge funds – but was that collusion?
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Robinhood faces suits in Chicago in New York just hours after it’s GME buy freeze.
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A former deputy governor of the People’s Bank of China compared notes with the chairman of the Monetary Authority of Singapore.
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Quick Take
- Open banking in Europe and the U.K. has led to a rise in payments made directly from consumer bank accounts instead of relying on an intermediary.
- In the wake of Visa’s failed bit to acquire Plaid, open banking firms like Plaid are looking to partner with crypto wallet firms.
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Author: Ryan Weeks
Jonas Schnelli joins other Bitcoin developers who are sponsored by high-caliber Bitcoin companies.
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Author: Colin Harper
Following a tweet from “WSB Chairman” inquiring about the meme cryptocurrency dogecoin prices went haywire.
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Author: Daniel Kuhn
The rule would have prohibited US banks from denying services based on ideological factors.
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Author: Danny Nelson
Latin American neobank startup Nubank has raised another $400m, bringing its total fundraising to date to $1.2bn.
Reports suggest the latest capital injection valued the company at $25bn, making it one of the world’s most valuable fintechs.
New investors in the company include GIC, Singapore’s sovereign wealth fund, and the fund management group Invesco. Existing investors Sequoia, Tencent, Dragoneer and Ribbit also participated.
The São Paulo-headquarted neobank has more than tripled its customer base from 12 million to 34 million users since it last raised money in July 2019. Founded in 2013 with operations centered in Brazil, where it claims to have run a cash flow positive business since 2018, Nubank expanded to Mexico and Colombia in 2020.
“We started seven years ago in Brazil, a country with one of the most concentrated banking sectors in the world, and we were able to free millions of people of the bureaucracy and the pain,” said David Vélez, Nubank’s founder and chief executive, adding in a statement:
“But this pain is not exclusive to Brazilians. It is a pain shared among all Latin Americans. With this new round of funding, we will be able to grow and scale our recently launched operations in Mexico and Colombia, and free more and more people from complexity.”
Nubank’s core products are credit card and digital savings accounts, and more than a fifth of its customers have never had a credit card before. The firm rolled out its credit cards in Mexico and Colombia last year.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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GameStop’s stock drama has had a galvanizing effect on stocks, bitcoin and even dogecoin.
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Author: Muyao Shen
Iran has been clamping down on mining farms, but it also wants to use crypto mining to boost the sanctioned nation’s revenue stream.
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Author: Anna Baydakova
