October 14, 2021

European rival to PayPal and Square makes 7 million acquisition to expand in the U.S.

European rival to PayPal and Square makes $317 million acquisition to expand in the U.S.

A customer uses a SumUp payment card reader in Lisbon, Portugal, on Sept. 13, 2019. Angel Garcia | Bloomberg via Getty Images KEY POINTS U.K.-based payment processor SumUp has acquired U.S. marketing start-up Fivestars for $317 million. SumUp, best known for its small credit card readers, has 3 million merchants signed up across Europe, the […]

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Dogecoin loses 70% against Bitcoin during 6 months of celebrity DOGE endorsements

Dogecoin loses 70% against Bitcoin during 6 months of celebrity DOGE endorsements

The DOGE may have had its day, and social media is busy poking fun at Bitcoin skeptic Mark Cuban. Dogecoin (DOGE) may have landed major proponent Mark Cuban in hot water as it hits its lowest against Bitcoin (BTC) in over half a year. DOGE/BTC 1-week candle chart (Bittrex). Source: TradingView “Now price it in

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How Investors Warmed to Chinese Blockchain Builder Red Date

How Investors Warmed to Chinese Blockchain Builder Red Date

Executives from Saudi Aramco and early FTX backer Kenetic Capital explain how they got comfortable with the Blockchain Service Network developer despite its Beijing ties. For its investors, Red Date was an acquired taste. With fewer than 200 employees, mostly engineers, Beijing-based Red Date Technology is building the Blockchain Services Network, an architecture that it hopes will

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Russia considers new energy tariffs as Chinese crypto miners relocate

Russia considers new energy tariffs as Chinese crypto miners relocate

Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining. The Russian Ministry of Energy is looking to introduce special electricity tariffs for cryptocurrency miners following a migration of the industry into the country from nearby China. Russian Energy Minister Nikolai Shulginov announced Wednesday that the authority is

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Fintech Tala Raises 5M to Launch Crypto Product for Emerging Markets

Fintech Tala Raises $145M to Launch Crypto Product for Emerging Markets

Mobile banking (Shutterstock) The startup will also expand its financial services for the unbanked. Fintech startup Tala has raised $145 million in a Series E round to expand its financial services and develop a mass-market crypto product for emerging markets. Lending platform Upstart led the round, which Tala says brings its total funding to more

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