FinTechUpdate

Biden Executive Order to Target Increased Competition
President Joe Biden is signing an executive order aimed at increasing competition in the US market. Co...
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USD Coin’s Circle Going Public via SPAC
Circle, the company behind cryptocurrency USD Coin (USDC) is planning on going public via a SPAC. SPAC...
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Dogecoin Accounted for 34% of Robinhood’s Crypto Revenue
Dogecoin accounted for a whopping 34% of Robinhood’s crypto revenue in the first quarter of 2021. What...
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Why Modernizing Banking is Important to Real Estate Lending
Tech can be a major boon in bringing agility to an evolving market. Unfortunately, not every market is taking full advantage of current technology. Moderni...
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Venmo to Allow Business Transaction on Personal Accounts
Venmo is making a major change to its terms of service, allowing business transactions on personal accounts for the first time....
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Andreessen Horowitz Launches $2.2 Billion Crypto Fund
Venture capitalist firm Andreessen Horowitz has launched Crypto Fund III, a $2.2 billion crypto fund on “radically optimistic” expectations....
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Tesla Will Accept Bitcoin When Miners Use 50% Clean Energy
Elon Musk has opened the door to Tesla once again accepting Bitcoin for payment, saying it will happen when miners use 50% clean energy. Tesla...
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Banking Regulators Want Cryptocurrencies Governed by Strictest Rules
Global banking regulators are speaking out about cryptocurrency, saying it should be governed by the strictest rules in the interest of stability....
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El Salvador Wants to Make Bitcoin Mining Environmentally Friendly
El Salvador made history when it became the first country to adopt Bitcoin as legal tender and now wants to mine it using renewable energy. Sal...
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Robinhood Experiences Issues During Big Trading Day…Again
Robinhood has once again found itself in hot water after users were unable to make crypto trades during a big trading day. In March of 2020, Ro...
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Coinbase Has Good Opening Day, Closes 31% Above Reference
On its opening day, Coinbase soared above its initial reference price of $250 a share, hitting as high as $429.54 before settling down. Coinbas...
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Dogecoin Surges to New Heights
Dogecoin continues its transition to a serious cryptocurrency, as it surged to an $18 billion market value. Dogecoin is unique among cryptocurr...
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Affirm’s Debit Card Is The Anti-Credit Card, Says CEO
"It should not be called a credit card for sure in part because it's sort of the anti-credit card," says Affirm co-founder and CEO...
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Google Switching from Oracle Finance Software to SAP
Google is reportedly switching from Oracle finance software to SAP, with the move occurring in the next few weeks. Google made the announcement...
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Crypto Market Hits Record $2 Trillion Capitalization
The cryptocurrency market passed a major milestone Monday, passing $2 trillion market capitalization. The crypto market was boosted by bitcoin,...
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