A Startup in the New Jersey Suburbs Is Battling the Giants of Silicon Valley
It’s not just Nvidia. There is another big winner of the AI boom—and it’s now competing with some of the...
Financial Technology
Dan Schulman Took PayPal to New Heights. He’s Having a Bumpy Landing.
With the company’s market value having plunged nearly $300 billion since its July 2021 peak, CEO Dan Schulman is relinquishing...
Amazon Wants You to Pay With Your Palm. It’s a Sneak Attack on Apple and Google.
It’s also a potentially massive play to make Amazon the central ID system for your whole life—from banking and loyalty...
Crypto Rules Delay Puts Billions in Tax Revenue at Risk
Democratic senators are pressing the Biden administration to speed up the release of regulations tied to a 2021 law. Source...
Google, McDonald’s, Exxon Headline Busy Earnings Week
A third of the S&P 500 is expected to report, including tech leaders Microsoft and Meta Platforms. Source link
China’s Ant Group Slapped With Nearly $1 Billion Fine
Ant Group, the financial-technology company associated with billionaire Jack Ma, was fined by China’s financial regulators, taking the company closer...
WSJ News Exclusive | FTX Begins Talks on Reboot Amid Regulatory Crackdown on Crypto Exchanges
The failed crypto company is in initial discussions with investors about relaunching its international exchange. Source link
WSJ News Exclusive | Scammers Target Stores With Bomb Threats, Seeking Bitcoin and Gift Cards
Kroger, Walmart and other retailers report anonymous threats, prompting law-enforcement investigations. Source link
What Is Happening With Binance?
The SEC sued the largest crypto exchange and its controlling shareholder, saying they enriched themselves at investors’ expense. A look...
Online Banks Are Winning the Deposit War
Deposits rose recently at Ally, Goldman Sachs’s Marcus and Capital One, banks that either don’t have branch networks or have...
Cash App Founder Bob Lee Fatally Stabbed in San Francisco
Mr. Lee, 43, built a career as a Silicon Valley executive and angel investor. Source link
Circle’s USDC Stablecoin Breaks Peg With $3.3 Billion Stuck at Silicon Valley Bank
MarketsCurrenciesCryptocurrencySpooked investors cashed out over $2 billion worth of USD Coin, knocking the dollar-pegged token below 87 cents Source link
DOJ Seeks to Ban Sam Bankman-Fried From Contacting FTX Employees
Prosecutors alleged the founder of the failed cryptocurrency exchange contacted a potential witness in his criminal case. Source link
Tesla, Microsoft Are Headlining First Busy Earnings Week of 2023
BusinessEarnings PreviewVerizon and Southwest also on tap as economists gauge effect of interest rates Source link
Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money
U.S. authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money...
FTX Says It Has Located More Than $5 Billion in Cash, Liquid Assets
Bankrupt cryptocurrency exchange FTX said it has located more than $5 billion in cash and other liquid assets and is...
The Craziest Moments From the Longest Tech Boom (So Far)
It’s been a singular year for tech, one that marked the apparent end to a heady, madcap boom that changed...
Sam Bankman-Fried’s Lawyers Hash Out His Transfer to U.S. After Confusion in Court
MarketsCurrenciesCryptocurrencyThe FTX founder has agreed to be extradited, with lawyers drafting documents, according to a person familiar with the matter...
FTX’s Sam Bankman-Fried Charged With Criminal Fraud, Conspiracy
U.S. prosecutors, in an indictment unsealed Tuesday, accused the crypto exchange’s founder of a scheme to defraud customers and his...
FTX Founder Sam Bankman-Fried Says He Can’t Account for Billions Sent to Alameda
MarketsCurrenciesCryptocurrencyEntrepreneur says he had little insight into workings of trading firm even though he owned 90% of it Source link
