Venture-capital firm Andreessen Horowitz is investing in Flow, a real-estate startup led by former WeWork executive and co-founder Adam Neumann. The firm, known as a16z, is investing $350 million in Flow at a valuation above $1 billion, said a person…
Updated Aug. 10, 2022 2:24 pm ET Listen to article (1 minute) WASHINGTON—The collapse in cryptocurrency prices this year has left U.S. regulators scrambling to understand the risks that digital-asset markets could pose to the broader economy. They may soon…
Fast expansion made Coinbase the biggest U.S. exchange for digital currency. Now it faces high expenses, dwindling cash and a challenge from regulators. Source link
The July jobs report defied expectations of an economic slowdown and will make it harder for the Federal Reserve to dial back the pace of rate increases at its meeting next month. The Fed is trying to slow economic activity…
Fast expansion made Coinbase the biggest U.S. exchange for digital currency. Now it faces high expenses, dwindling cash and a challenge from regulators. Source link
LONDON—The Bank of England raised interest rates by the most in a quarter-century Thursday even as it predicted the U.K. economy will fall into recession later this year, underscoring global central banks’ urgency in fighting a surge in inflation. The…
LONDON—The Bank of England raised interest rates by the most in a quarter-century Thursday even as it predicted the U.K. economy will fall into recession later this year, underscoring global central banks’ urgency in fighting a surge in inflation. The…
PayPal Holdings Inc. named Blake Jorgensen as its next finance chief, succeeding John Rainey, who left the digital payments giant earlier this year for the same role at Walmart Inc. Mr. Jorgensen’s appointment takes effect Wednesday, PayPal said in a…
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An attacker targeting the solana cryptocurrency ecosystem drained funds from thousands of wallets in an incident that could draw increased regulatory scrutiny to digital assets. By 1 a.m. ET Wednesday, an unknown actor exploited a flaw to drain cryptocurrencies from…
Equifax provided inaccurate credit scores on millions of U.S. consumers seeking loans during a three-week period earlier this year, according to bank executives and others familiar with the errors. Equifax sent the erroneous scores on people applying for auto loans,…
Toronto-Dominion Bank is close to a more than $1 billion deal to buy investment bank Cowen according to people familiar with the matter. A deal valuing Cowen at around $39 a share could be unveiled as soon as Tuesday, assuming…
Some cryptocurrency platforms that have watched millions of dollars vanish in digital heists have made an unusual pitch to their attackers: Keep some of it, but give back the rest. The pleas amount to last-ditch entreaties to convince hackers to…
HONG KONG—Billionaire Jack Ma plans to relinquish control of Ant Group Co., people familiar with the matter said, part of the fintech giant’s effort to move away from affiliate Alibaba Group Holding Ltd. after more than a year of extraordinary…
The e-commerce payments facilitator represents a sizable target, with a market value of roughly $89 billion even after a downdraft in its shares. Source link
The e-commerce payments facilitator represents a sizable target, with a market value of roughly $89 billion even after a downdraft in its shares. Source link
Walmart warned that higher prices for food and fuel were causing consumers to pull back, an ominous sign for the U.S. economy that has relied on resilient household spending power through rising inflation. The country’s largest retailer, which warned in…
Tesla said it recorded a $170 million impairment charge against the carrying value of its bitcoin holdings for the first six months of the year. The electric-car maker also logged $64 million in gains from certain sales of its bitcoin…
