israel Israeli Investors Predict Record Growth Beyond Cybersecurity Israeli venture capitalists report strong momentum following a record-breaking 2020 for startup funding and IPOs, pointing to emerging sectors like AI, fintech, and biotech as the next major drivers of growth.
robinhood Robinhood Transforms From GameStop Scandal Roots Into Crypto Powerhouse Robinhood overcomes the 2021 GameStop trading suspension controversy to amass $12 billion in crypto assets. The brokerage's evolution coincides with renewed public interest sparked by the Dumb Money film.
china China Halts Ant Group's $35 Billion IPO Over Lending Regulations Chinese regulators suspend Ant Group's massive initial public offering due to impending changes in internet micro-lending rules. Analysts warn the company's current valuation does not reflect the upcoming stricter financial environment.
alibaba Chinese Regulators Impose New Rules Targeting Alibaba and Ant Group China unveils fresh regulations for the tech sector that directly impact Alibaba and its affiliate Ant Group. The move signals a broader government crackdown on internet monopolies.
ant group China Halts Ant Group's Record IPO Amid Regulatory Pushback Chinese regulators suspend Ant Group's massive $35 billion initial public offering just days after founder Jack Ma publicly criticizes the government's economic policies. The sudden halt signals a tough new regulatory environment for tech giants operating in the country.
ant group Chinese Regulators Halt Ant Group's Record-Breaking IPO Beijing regulators suspend Ant Group's massive stock market debut just days before trading begins, following critical remarks by founder Jack Ma.
zengo Non-Custodial Crypto Wallet ZenGo Introduces Visa Debit Card ZenGo is partnering with Visa to offer a debit card that lets users spend their cryptocurrency without sacrificing self-custody security. Users must manually convert their crypto to fiat before spending, keeping their main wallet balances completely separate and safe.
ant group Chinese Regulators Halt Ant Group's Record-Breaking $37 Billion IPO Chinese regulators abruptly suspend Ant Group's massive $37 billion initial public offering just days before its scheduled launch. The sudden halt follows a public regulatory rebuke of company founder Jack Ma.
ant group Chinese Regulators Suspend Ant Group's Record $34.5 Billion IPO Ant Group's massive dual-listing in Shanghai and Hong Kong comes to a sudden halt after Chinese regulators summon company executives. The suspension follows significant changes in the financial technology regulatory environment.
stripe Stripe Buys Nigerian Startup Paystack for Over $200M Stripe acquires Nigerian payment gateway Paystack for over $200 million to accelerate its expansion across the African continent.
techcrunch TechCrunch Reveals 26 Top Picks for Disrupt 2020 Startup Event TechCrunch announces 26 standout early-stage startups selected for its TC Top Picks program at the all-virtual Disrupt 2020. The chosen companies represent a wide range of innovative tech sectors from around the globe.
venmo Venmo Tests Business Profiles to Attract Local Sellers and Side Hustles Venmo launches a pilot program for Business Profiles, allowing small sellers to separate personal and business transactions while gaining visibility in the app's social feed.
fintech Fintech Coalition Builds Open Banking Tool to Verify Self-Employed Income Loss A group of UK fintech companies quickly develops a cloud-based tool called Covid Credit to help self-employed workers prove income loss using open banking data. The application aims to support relief claims but still awaits official government approval.
revolut Revolut Lays Off 60 Workers Amid Coronavirus Financial Strain Digital banking startup Revolut confirms the redundancy of 60 employees as the economic impact of the coronavirus pandemic forces operational changes.
revolut Revolut Cuts 60 Jobs as Pandemic Pressures Challenge Profit Goals UK digital bank Revolut lays off 60 employees as COVID-19 forces cost-saving measures. The $5.5 billion company still aims to achieve profitability this year despite the economic downturn.