Futu, UP Fintech shares fall on plan to remove apps in China
SHANGHAI, May 16 (Reuters) – New York-listed shares of Futu Holdings Ltd and UP Fintech Holding Ltd plunged in pre-market trading on Tuesday, after the online...
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US regulator sues Beaxy in extended crypto crackdown, as platform shuts down
NEW YORK, March 29 (Reuters) – The U.S. Securities and Exchange Commission (SEC) charged crypto firm Beaxy.com and several executives with registration errors on Wednesday, expanding...
Fintech darling Stripe has first-world problems
LONDON, March 2 (Reuters Breakingviews) – When a startup raises money at a lower valuation than before, it’s usually a bad sign. When it’s a fintech...
Crypto lending unit of Genesis files for US bankruptcy
Jan 20 (Reuters) – The lending unit of crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, owing creditors at least $3.4 billion after being...
Tough road ahead for US fintech lenders as default risk rises
Jan 13 (Reuters) – U.S. fintech companies that lend to consumers with impaired credit scores face a tough year as rising defaults and interest rates limit...
How Ant fell into fintech’s middle-income trap
HONG KONG, Feb 9 (Reuters Breakingviews) – It has been almost a decade since the company now known as Ant turned China’s clumsy financial system on...
Tough road ahead for US fintech lenders as default risk rises
Jan 13 (Reuters) – U.S. fintech companies that lend to consumers with impaired credit scores face a tough year as rising defaults and interest rates limit...
China’s regulator tells Futu and UP Fintech to stop seeking mainland clients
SHANGHAI/HONG KONG, Dec 30 (Reuters) – China’s securities regulator said on Friday that online brokers Futu Holding and UP Fintech Holding have been operating illegal securities...
Cryptoverse: Trading Names in an Astounding Crypto-Crazy
Oct 4 (Reuters) – A new NFT trading craze where names are bought and sold for eye-watering sums is providing a multimillion-dollar lifeline for speculators shivering...
Cryptoverse: Trading Names in an Astounding Crypto-Crazy
Oct 4 (Reuters) – A new NFT trading craze where names are bought and sold for eye-watering sums is providing a multimillion-dollar lifeline for speculators shivering...