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Bitcoin is at a tipping point and could become ‘currency of choice’ for global trade, Citi says

Bitcoin is at a tipping point and could become 'currency of choice' for global trade, Citi says
A customer uses a bitcoin automated teller machine (ATM) in a kiosk Barcelona, Spain, on Tuesday, Feb. 23, 2021. Angel Garcia | Bloomberg | Getty Images Citi thinks bitcoin is at a "tipping point" and could one day "become the currency of choice for international trade"...

Britain should overhaul listings to help $15 billion fintech sector thrive post-Brexit, review says

Britain should overhaul listings to help $15 billion fintech sector thrive post-Brexit, review says
Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — The U.K. should reform listings rules and visa applications to help its £11 billion ($15.3 billion) fintech sector thrive after Brexit, a government-commissioned review said Friday. Britain...

Fintech firm Klarna is raising $1 billion at a $31 billion valuation, sources say

Britain is cracking down on the $3.7 billion 'buy now, pay later' industry
The logo of Swedish payment provider Klarna is shown on the display of a smartphone on April 22, 2020 in Berlin, Germany. Thomas Trutschel | Photothek | Getty Images LONDON — Klarna is close to finalizing a $1 billion funding round that would give the Swedish...

Why people are buying crypto art and sports memorabilia for thousands of dollars

Why people are buying crypto art and sports memorabilia for thousands of dollars
Digital avatars listed on the non-fungible token platform CryptoPunks. Ryan Browne | CNBC The cryptocurrency world is abuzz with talk of digital collectibles, unique virtual tokens that can represent anything from art to sports memorabilia. People have been paying hundreds of thousands of dollars for these NFTs,...

Klarna’s CEO is ‘deeply worried’ about tweets promoting bitcoin and thinks regulators should step in

Klarna's CEO is 'deeply worried' about tweets promoting bitcoin and thinks regulators should step in
Klarna co-founder and CEO Sebastian Siemiatkowski speaks on stage at TechCrunch Disrupt Berlin 2019 on December 11, 2019. Noam Galai | Getty Images LONDON — The boss of European fintech giant Klarna says he's "deeply worried" about posts promoting bitcoin on Twitter and thinks regulators should...

Square saw 1 million users buy bitcoin for first time during January’s upswing, CFO says

Square saw 1 million users buy bitcoin for first time during January's upswing, CFO says
Square's Cash App platform saw a surge in first-time bitcoin buyers last month, CFO Amrita Ahuja told CNBC on Wednesday. "We had 3 million people transact in bitcoin through Cash App in 2020 and 1 million who were new to bitcoin in January ," Ahuja...

Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin bounces back, surging above $50,000 after more buying from Square
Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin's price roared back Wednesday after a sharp sell-off, climbing above $50,000 again as Square announced it had purchased $170 million worth of the cryptocurrency. At 4...

Cryptocurrency firms Tether and Bitfinex agree to pay $18.5 million fine to end New York probe

Cryptocurrency firms Tether and Bitfinex agree to pay $18.5 million fine to end New York probe
A smartphone displays the Tether market value on the via The Crypto App. Guillaume Payen | SOPA Images | LightRocket | Getty Images Cryptocurrency firms Tether and Bitfinex reached an agreement with the New York attorney general's office to pay an $18.5 million fine to settle...

Bitcoin slides another 16%, falling below $50,000 as Janet Yellen raises the alarm

Bitcoin slides another 16%, falling below $50,000 as Janet Yellen raises the alarm
Costfoto | Barcroft Media | Getty Images Bitcoin's price descended further on Tuesday after U.S. Treasury Secretary Janet Yellen issued a warning about the cryptocurrency. The world's most valuable digital coin plunged 16% in the last 24 hours, sinking below $50,000 to trade as low as...