Choice and Compass Mining unveil tax-free Bitcoin mining solution

Choice and Compass Mining unveil tax-free Bitcoin mining solution

IRA provider Choice and Compass Mining have rolled out a solution whereby clients can buy Bitcoin mining machines through individual retirement accounts (IRAs).

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PayPal second-quarter revenue takes hit from eBay divorce

PayPal second-quarter revenue takes hit from eBay divorce

In its second-quarter earnings report, PayPal’s net income dropped 23% year-over-year (YoY), which is partially attributable to “short-term drag” associated with eBay transitioning away from PayPal to its own solution, a shift that’s been underway over the past couple of years.

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Robinhood reveals probes ahead of IPO this week

Robinhood reveals probes ahead of IPO this week

In an eleventh hour announcement, brokerage platform Robinhood, which is set to begin trading on the Nasdaq this week, has disclosed that it’s under investigation by regulators again.

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M1 Finance launches credit card with up to 10% cash back

M1 Finance launches credit card with up to 10% cash back

M1 Finance, a Chicago-based financial app that includes investing, lending, and banking, launched an Owner’s Rewards Card that offers up to 10% cash back for users when they shop at select companies whose stock they own.

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Digital banking app Current announces new partnership with The Bancorp Bank

Digital banking app Current announces new partnership with The Bancorp Bank

Current, a New York-based digital banking fintech, announced that it’s partnering with The Bancorp Bank to offer an “enhanced suite of services across its entire product line, including its basic, premium and teen accounts.”

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Banks launch cross-border payment offering to compete with fintechs

Banks launch cross-border payment offering to compete with fintechs

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) – a cross-border payment network owned by a consortium of global banks – launched a low-value cross-border payment solution called SWIFT Go.

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‘Buy now, pay later’ firm Zip plans to offer crypto trading in US, Australia

‘Buy now, pay later’ firm Zip plans to offer crypto trading in US, Australia

Zip, an Australia-based ‘buy now, pay later’ (BNPL) firm, is on course to launch crypto trading to its Australian customers and U.S. users. Zip acquired U.S.-based Quadpay last year in a bid to expand its North American footprint.

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Tether execs face criminal probe over bank fraud: report

Tether execs face criminal probe over bank fraud: report

Tether, a prominent stablecoin operator, is reportedly under criminal investigation over prior actions from its early days, including whether or not the company concealed from banks that transactions were linked to crypto.

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Challenger bank HMBradley moves to invite-only model to address demand

Challenger bank HMBradley moves to invite-only model to address demand

HMBradley, a neobank aimed at savers, is moving to an invite-only model amid “explosive demand,” the company said. HMBradley went from zero to $375M in deposits since March 2020.

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Fidelity and Shoobx team up on equity management solution for private companies

Fidelity and Shoobx team up on equity management solution for private companies

Fidelity Investments, one of the nation’s biggest stock plan administrators, is tapping the toolset of Shoobx – an equity management company – on an equity management solution for private companies of all stages.

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Venmo app update to nix social feed of strangers’ payments

Venmo app update to nix social feed of strangers’ payments

Peer-to-peer payments app Venmo, which has been known for the “social feed” component of the app that features the payment behaviors of strangers, is getting rid of the feature in its latest app update.

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Square launches business banking and savings accounts

Square launches business banking and savings accounts

Square, a company that has long been associated with nifty card readers, just took a leap into a broader financial services product potpourri with its latest rollout of banking products.

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Ethereum co-founder Anthony Di Iorio bids adieu to crypto

Ethereum co-founder Anthony Di Iorio bids adieu to crypto

Anthony Di Iorio, a co-founder of the Ethereum network, says he’s leaving the crypto world out of concern for his personal safety.

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Robinhood seeks $35B valuation in upcoming IPO

Robinhood seeks $35B valuation in upcoming IPO

Trading app Robinhood is reportedly seeking to raise $2.3B in an upcoming initial public offering (IPO).

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