Coinbase seeks Europe licenses in bid to expand growth outside U.S.

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

Here’s what’s hot — and what’s not — in fintech right now

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

Grayscale sues SEC after rejected bid to turn bitcoin fund into ETF

The SEC on Wednesday rejected Grayscale’s application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about concerns around market manipulation. Nurphoto | Nurphoto | Getty Images Grayscale, which manages the world’s largest bitcoin fund, said it would sue the US Securities and Exchange Commission after regulators turned down … Read more

Robots are here but they still can’t do much

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 unveils Inzone PC gaming gear as it looks beyond the PS5

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

Google’s Nick Fox to lead commerce business following Ready’s departure

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

Starz could turn into ‘acquisition machine’ after spinoff from Lionsgate

Liberty Media’s John Malone Michael Kovac | Getty Images Written in the Starz? Lionsgate is planning a spinoff of Starz, home of “Outlander” and “Power,” by early next year. Vivendi’s Canal Plus and private equity firm Apollo Global, in tandem with streaming distributor Roku, have both made preliminary bids for a 20% stake, sources say. … Read more

Snap announces Snapchat+ subscription plan that costs $3.99 a month

A man uses the SnapChat app on an Apple iPad Mini. studioEAST | Getty Images Snap announced Wednesday it’s rolling out a $ 3.99 / month subscription plan for Snapchat that unlocks exclusive and pre-release features. It’s called Snapchat +. The announcement comes after Snapchat gave a disappointing sales outlook for the current quarter when … Read more

Crypto hedge fund Three Arrows Capital plunges into liquidation

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Major cryptocurrency hedge fund Three Arrows … Read more

Bitcoin (BTC) briefly drops below $20,000 as pressure mounts on crypto

Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets. A crypto lending company called Celsius is pausing withdrawals for its customers, sparking fears of contagion into the broader market. Nurphoto | Nurphoto | Getty Images Bitcoin fell below $ 20,000 on Wednesday as a number of factors from macroeconomic worries to issues with … Read more