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Billionaire investor Mike Novogratz says he bought Facebook stock to capitalize on the company's digital wallet launch
"I bought Facebook stock because the company is going to come out with the Novi wallet sometime thi…
Shalini Nagarajan
Two of Facebook's senior crypto engineers have left to join venture fund Andreessen Horowitz
Nassim Eddequiouaq and Riyaz Faizullabhoy, who worked on Facebook's Novi digital wallet, will consu…
Camomile Shumba
7 investors and founders reveal 6 reasons why Europe has never produced a Facebook, Google or Amazon
Finland's Nokia dominated mobile for many years along with Ericsson, until they were decimated by t…
Shona Ghosh
Crypto bank Silvergate could jump 50% as institutional adoption and stablecoin use provides a 'long runway' for growth, Bank of America says
Silvergate Capital recently bought the intellectual property rights and assets of Facebook's Diem c…
Carla Mozée
Meta wants to bring web3, metaverse virtually into all its future products
Meta has filed for eight trademarks with the USPTO, of which six are about cryptocurrencies and the…
Paypal says it is looking into developing a dollar-backed stablecoin as payments giant boosts crypto efforts
PayPal confirmed the news to Bloomberg after a developer discovered the evidence inside PayPal's iP…
Isabelle Lee
YouTube wants to bring NFTs to its platform — touts it as a way for creators to make more money
YouTube plans to let users and creators own videos as NFTs, and also use them as collaboration tool…
US stocks continue to rebound as investors cheer strong earnings from big tech names
Of the 38% of S&P 500 companies that have reported earnings so far, 79% are beating profit estimate…
Matthew Fox
Mark Zuckerberg's existential product crisis
In this week's Insider Tech newsletter we look at the widening pushback against Facebook's products…
Alexei Oreskovic
Even Elon and Zuck don't have the juice to make an all-in-one 'super app' happen
Tech CEOs want to emulate super apps like WeChat by building do-it-all versions of their own. Regul…
Hasan Chowdhury
Stablecoins could pose a risk to the short-term corporate debt market that could spread to other asset classes, FitchRatings says
Many of these coins are tied to commercial paper, and any turbulence could rapidly spread to other …
Camomile Shumba
US stocks extend gains on streak of strong corporate earnings from tech giants
Starting with Apple and Microsoft last week, the better-than-expected earnings reports came from Al…
Matthew Fox
US, China, Europe and India — all are mulling the possibility of a digital currency, but no one is ready to bite the bullet, yet
Simply put, CBDCs are digital versions of the currencies you use right now. In the US, a CBDC …
Bitcoin is getting closer to posing a risk to financial stability, the Bank of England's deputy governor warns
Because cryptos are growing very fast, they are becoming more integrated with the financial system,…
Camomile Shumba
10 things in tech you need to know today
Huawei used AI to identify Uighur minorities, Pornhub made big changes to its content rules, and El…
Martin Coulter
US stocks edge lower as earnings fail to impress investors
A slowdown in earnings for Netflix could be emblematic of the tech sector broadly as the COVID-19 p…
Matthew Fox
Billionaire Mike Novogratz compares XRP fans to Trump supporters, warns against buying dogecoin, and calls bitcoin 'insurance' in a new interview. Here are the 10 best quotes.
Novogratz predicted crypto investments will make up 2% of global wealth within two to three years, …
Shalini Nagarajan
Morgan Stanley's bond-trading bonanza — Payments tech salaries — Fannie Mae shakeup
Top finance stories from this week: bank earnings season; a shakeup in Fannie Mae's single-family b…
Meredith Mazzilli
Goldman's wealth hiring blitz — Fannie Mae shakeup — WarnerMedia's HQ could shrink
The top finance stories for October 15, including the latest news on Goldman's wealth plans and AT&…
Dan DeFrancesco
Dow climbs 316 points as US stocks snap 2-day losing streak
Investors bought the early-morning dip in US stocks on Wednesday as the reopening trade accelerated…