Sources: Stripe, which is privately held, has expressed preliminary interest in a potential PayPal acquisition or buying its assets; PYPL closed up 6.7%
Payment processing firm Stripe Inc. is considering an acquisition of all or parts of PayPal Holdings Inc., according to people familiar with the matter.
A Las Vegas federal appeals court rejects Kalshi's emergency bid for an administrative stay on Nevada's push to block the platform, a major setback for Kalshi
A federal appeals court rejected Kalshi's bid, setting the stage for Nevada's civil-enforcement proceedings
CFTC Chair Mike Selig says the commission will file friend-of-the-court briefs to defend its exclusive jurisdiction over prediction markets amid state lawsuits
The Commodity Futures Trading Commission is launching a legal campaign to defend its regulatory turf on prediction markets …
CFTC Chair Mike Selig says the commission will file friend-of-the-court briefs to defend its exclusive jurisdiction over prediction markets amid state lawsuits
The Commodity Futures Trading Commission is launching a legal campaign to defend its regulatory turf on prediction markets …
A US trade group for 30+ fintechs and aggregators says JPMorgan's plan to charge for data access could cost some firms 60% to over 100% of their annual revenue
Start-ups say having to pay for consumer's financial information would run them out of business
As companies like SpaceX, Stripe, and OpenAI stay private longer, tokenized stocks on blockchains offer a way for the public to access lucrative private markets
Matt Levine / Bloomberg :
Circle files for a US IPO, with plans to list on the NYSE under CRCL; Circle, which issues the USDC stablecoin, is reportedly seeking a $4B to $5B valuation
Circle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange.
On Joe Rogan's podcast, Marc Andreessen criticizes the “raw administrative power” of US agencies like the CFPB, SEC, and FTC, talks Elon Musk and DOGE, and more
- Marc Andreessen discussed Elon Musk and the Department of Government Efficiency on Joe Rogan's podcast.
Sources: top shareholder SoftBank demanded compensation from Revolut after UK regulators told the startup to simplify its ownership to obtain a banking license
Minister to meet payment group's bosses amid fears UK's biggest tech group will leave the country
Sources: Apple's high yield savings account offering a 4.15% annual return brought in nearly $400M in deposits on launch day and ~$990M over its first four days
Emily Mason / Forbes :
All three founders of online trading service Pipe are stepping down as the company looks for a “veteran” CEO; Pipe raised $250M at a $2B valuation in May 2021
Setting the scene — The co-founders of revenue-based financing … Nancy Dahlberg / Refresh Miami : Pipe co-founders step down and search for ‘veteran’ CEO is launched Jeff Kauflin...
How Apple's Cooperative R&D Agreement on digital IDs with the TSA in March 2019 could disadvantage its rivals in developing mobile identity credentials
Jason Mikula / Fintech Business Weekly :
Q1 2022 filings: Varo, the first US neobank to receive a bank charter, had $263M equity, an $84M burn rate, and 98% of its income came from interchange and fees
Plaid announces two products for Automated Clearing House transfers, including identify verification, putting it in direct competition with Stripe
Plaid is moving into identity verification in a crucial expansion beyond its roots connecting banks and fintechs — a move that could put …
Q&A with longtime Wikipedia contributor Molly White about her website “Web3 is going just great”, why Web3 won't create new Wikipedia-style projects, and more
they are familiar with the challenges that community governance and decentralization can bring.” @molly0xFFF, brilliantly https://www.platformer.news/ ...
Ethereum co-founder responds: “the properly authenticated decentralized blockchain world is coming”, but is slowed by “limited technical resources and funding”
I've been thinking about Matt Mullenweg's response to Brian Armstrong's response … Rick Webb / Webb Chatham Report : Good morning. Hello. How are you? #562 Cooper Midroni / Future ...
How Web3 apps and wallets inevitably depend on centralized services like OpenSea, Infura, and Alchemy, which don't even provide authenticated responses
Google scraps plans for mobile-first bank accounts service Plex; sources say the move follows April departure of a Google Pay exec who championed the project
Tech giant had partnered with Citigroup and other banks on ‘Plex’ accounts that would sync with Google Pay
Google scraps plans for mobile-first bank accounts service Plex; sources say the move follows April departure of a Google Pay exec who championed the project
Tech giant had partnered with Citigroup and other banks on ‘Plex’ accounts that would sync with Google Pay
Square says it's buying Australia-based buy now, pay later service Afterpay for $29B in an all-stock deal, paying a 30% premium on Afterpay's last closing
U.S. fintech company Square Inc (SQ.N) said on Monday it had agreed to purchase Australian buy now/pay later giant Afterpay Ltd …