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SoFi Technologies said it has become the first nationally-chartered bank to offer consumer cryptocurrency trading.
SoFiCrypto, announced by the digital financial services company Tuesday (Nov. 11), lets customers buy, sell and hold crypto such as Bitcoin, Ethereum and Solana. The platform is rolling out in phases and will become available to more members in the weeks ahead.
“Today...
Circle CEO Jeremy Allaire is reportedly battling naysayers ahead of the company’s next earnings report.
Bloomberg published an interview with Allaire Tuesday (Nov. 11), one day before his stablecoin company releases quarterly numbers.
“Jeremy Allaire has consistently taken a different strategic path from the Bitcoin ecosystem,” said Cory Klippsten, who runs Bitcoin investing platform...
Optimism among America’s small businesses fell last month amid labor and profit headaches.
That’s according to the October edition of the National Federation of Independent Business (NFIB) Small Business Optimism Index, released Tuesday (Nov. 11), and showing a 0.6 point decline in October to 98.2. That’s still above the 52-year average of 98.
Meanwhile, the NFIB’s Uncertainty Index...
In uncertain times, access to cash can make the difference between survival and shutdown.
For small- to medium-sized businesses (SMBs), the third-quarter earnings season revealed a growing dependence on working capital extended by the very platforms that power their sales.
The PYMNTS Intelligence report “How Retail Small Businesses Finance Survival in Uncertain Times” found that half...
Visa found via its “Monetized: Visa 2025 Creator Report” that the world’s content creators expect the next year to be a good one.
“Creators are among the most dynamic small business segments in the world,” Jonathan Kolozsvary, global head of small business for Visa Commercial Solutions, said in a Tuesday news release. “Our creator report showcases their ingenuity and guides how Visa is...
The cryptocurrency market is a paradox of modern finance.
The technological removal of intermediaries has resulted in a borderless, 24/7 experiment where code, speculation and ideology collide, frequently generating volatility and innovation in arguably equal measure.
That complexity has made regulation a moving target. Crypto blends elements of securities, commodities and currencies,...
Artificial intelligence startup Anthropic is reportedly on track to become profitable before competitor OpenAI.
Anthropic, which has a growing number of business customers thanks to its Claude chatbot, expects to break even for the first time in 2028, The Wall Street Journal reported Monday (Nov. 10), citing documents it obtained.
During that year, OpenAI projects that its operating...
A global securities regulator is warning of potential risks associated with tokenization.
In a report issued Tuesday (Nov. 11), the International Organization of Securities Commissions (IOSCO) offered its views on how tokenization, which refers to the creation of blockchain-based tokens linked to real-world assets, is being adopted across different markets and how regulators are...
Lawmakers introduced legislation that would give cryptocurrency oversight to the Commodity Futures Trading Commission.
The draft bill, released Monday (Nov. 10) by Sen. John Boozman of Arkansas and Sen. Cory Booker of New Jersey, would create new authority for the CFTC to regulate digital assets, shifting oversight away from the Securities and Exchange Commission.
“The CFTC is the...
Organizations now sit atop a mountain of data that would’ve been unimaginable even a decade ago. Every customer interaction, workflow, ledger entry and payment is increasingly logged, quantified and distributed across digital systems.
The promise of this abundance has traditionally been positioned as a more agile ability to analyze, forecast and respond in real time. But the reality...