Finance News

Robinhood Aims to Reach $35bn Valuation in Stock Market Debut

Robinhood Aims to Reach $35bn Valuation in Stock Market Debut

Robinhood, the popular US share trading platform, is hoping to be valued at up to $35bn when it makes its stock market debut on the NASDAQ. The group revealed in an updated prospectus yesterday that it aims to raise around ...
JPMorgan Opens Cryptocurrency Trading to All Clients

JPMorgan Opens Cryptocurrency Trading to All Clients

JPMorgan has become the first major US bank to offer bitcoin and other cryptocurrency funds to all of its wealth management. Advisors in JPMorgan’s wealth management division – which oversees $630 billion worth of assets – are now able to ...
EU to Ban Anonymous Crypto Wallets to Improve Traceability

EU to Ban Anonymous Crypto Wallets to Improve Traceability

The EU has proposed changes to the law that would compel companies transferring Bitcoin and other crypto assets to collect information on the recipients and senders. It marks a significant threat to the anonymity of crypto transactions, which has been ...
Bank of England Warns Financial Sector Over Reliance on Cloud Computing

Bank of England Warns Financial Sector Over Reliance on Cloud Computing

The Bank of England sounded a warning this week about the increasing reliability of cloud computing across the financial sector. Carrying out its latest Financial Stability Report, the Bank said that Britain’s banks moving of their administration and accounts into ...
Dogecoin Creator Rips Into Cryptocurrency in Twitter Rant

Dogecoin Creator Rips Into Cryptocurrency in Twitter Rant

Dogecoin’s founder ripped into the meme-based cryptocurrency in an extraordinary Twitter triade on Thursday. Developer Jackson Palmer, who helped create the digital token back in 2013, savaged the cryptocurrency market in a damning thread. He referred to crypto as “an ...
Virgin Galactic Shares Fall Following $500m Stock Sale Announcement

Virgin Galactic Shares Fall Following $500m Stock Sale Announcement

Virgin Galactic shares fell this week, despite the firm’s recent spaceflight success, after it announced plans to sell up to $500m (£360m) of its stock. The announcement came just a day after Richard Branson, the company’s founder, completed a flight ...
Santander Joins Barclays in Blocking Payments to Binance

Santander Joins Barclays in Blocking Payments to Binance

Santander has blocked payments from UK customers to the cryptocurrency exchange Binance, following the FCA’s decision to ban it from offering its services in the UK. The Spanish banking giant joins a growing list of banks who have blacklisted the ...
Wise Goes Public in Largest Ever UK Tech Listing

Wise Goes Public in Largest Ever UK Tech Listing

Fintech firm Wise, formally TransferWise, made its record-breaking stock market debut this week, becoming the largest ever UK tech listing with a valuation of 8.75bn. The international payments company chose the London Stock Exchange for a direct listing, a rare ...
Dogecoin Lost 10% in Value Within 24 Hours This Week

Dogecoin Lost 10% in Value Within 24 Hours This Week

The tongue-in-cheek cryptocurrency has surged in value in the past year following endorsements by the likes of Tesla billionaire Elon Musk. However, the most recent crash means it is down almost 20% over the last week. The crash in dogecoin ...
The FATF Grey List – What it Means For One EU Nation

The FATF Grey List – What it Means For One EU Nation

On the 23rd of June, the Financial Action Task Force, a global anti-money laundering (AML) watchdog, voted to add the EU countries of Malta to the task force’s grey list that could have serious economic consequences for the nation. This ...
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