Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase is seeking licenses with various countries in Europe as part of an aggressive expansion in the region. The exchange already has an active presence in the UK, Ireland and Germany, but wants to … Read more
There has been something of a rotation out of certain pockets of fintech that were hyped by venture capitalists last year, such as crypto and “buy now, pay later,” and into less sexy areas focused on generating stable streams of income. Jantakon Kokthong / Eyeem | Eyeem | Getty Images Financial technology is the hottest … Read more
Amazon’s Astro home robot Amazon Electronics companies have, for years, paraded around flashy, futuristic prototypes of consumer robots. They’ve pointed to a not-too-distant future where people will have roaming robot helpers around their home that can do the dishes or even act as a personal masseuse. So far, few of those predictions have panned out, … Read more
Sony’s new PC gear will help it expand its reach in gaming beyond PlayStation. Sony Sony is launching its own range of gaming-focused computer monitors and headsets, hoping to tap into the lucrative high-end PC gaming market as it looks beyond its main PlayStation console brand. Called Inzone, Sony’s PC gaming lineup features two monitors. … Read more
Nick Fox, Vice President of Product and Design for Search and Assistant. Longtime Google exec Nick Fox take over the company’s commerce and payments business in the interim. Fox’s appointment comes a day after the former head, Bill Ready, announced he is taking over the helm of Pinterest, replacing longtime CEO and founder Ben Silbermann. … Read more
Amazon has limited sales of emergency contraceptive pills as demand spikes following last week’s US Supreme Court ruling overturning Roe v. Wade and ending the constitutional right to have an abortion. The company has placed a temporary quantity limit of three units per week on emergency contraceptive pills, Amazon confirmed to CNBC. A review of … Read more
Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it does not comment on “speculation.” Jakub Porzycki | NurPhoto via Getty Images With hype over the “buy now, pay later” trend fading, some investors … Read more
The stunning collapse of a token that was meant to always be worth $ 1 has roiled investors – and regulators. Stablecoins are supposed to be everything tokens like bitcoin and ether aren’t. Whereas bitcoin’s price fluctuates sharply, stablecoins are designed to be worth the same as something else – usually the US dollar. Many … Read more
A contractor working for Amazon.com cleans a delivery truck in Richmond, California, US, on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images Amazon plans to hold a second shopping event for Prime members this year, in the fourth quarter, according to a notice viewed by CNBC. It will be the first … Read more
Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images The CEO of £ 3.9 billion ($ 4.8 billion) fintech firm Wise is being investigated by UK regulators after tax authorities found he failed to pay a tax bill worth over £ 720,000. Kristo Kaarmann, who co-founded Wise in 2011, was … Read more