SoFi Technologies reported record fourth-quarter revenue of $1 billion as the US fintech bank reintroduced consumer crypto-based products. According to its earnings report released Friday, adjusted net revenue rose 37% year-on- year to $1 billion, while GAAP net income reached $173.5 million in the last quarter. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA)…
Ethereum co-founder Vitalik Buterin announced today that the Ethereum Foundation has entered what he described as a period of “mild austerity” as the organization prioritizes long-term sustainability and an aggressive technical roadmap. As part of the shift, Buterin said he has withdrawn 16,384 ETH, worth approximately $44 million at current prices, from his personal holdings…
MiCA is fully in force, but the European Securities and Markets Authority (ESMA) and national regulators are warning that crypto asset service providers operating without authorization must either secure licenses or wind down as transitional periods expire into 2026. Under MiCA, licensed exchanges face capital, asset segregation, disclosure, and governance requirements that materially raise the…
Gross on-chain data reveals Bitcoin long-term holders were far more active than net position change figures suggest. Bitcoin long-term holders (LTHs) have been far more active on-chain than net metrics alone suggest, with more than 370,000 BTC spent over the past month. While many market observers cite approximately 144,000 BTC of net LTH distribution…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure In a sudden move, the Bitcoin price has dropped sharply as volatility in the broader cryptocurrency market experienced a sharp increase, causing the flagship asset to retest the $83,000 level. Amid this waning market performance, a key trend is currently in the…
Nubank has received conditional approval from the US Office of the Comptroller of the Currency (OCC) to form a national bank, a step that allows the fintech to offer deposits, lending, credit cards and digital asset custody in the United States. The approval moves Nubank into the bank organization phase, during which it must meet…
Nu, Brazil’s largest digital bank, has obtained conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a US national trust bank, Nubank, N.A., according to a recent announcement. Conditional OCC approval lets Nu enter the organization phase to build Nubank, N.A., but operations can’t start until satisfying OCC conditions, FDIC…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The debate over when AI will arrive on blockchains has been settled. It’s already here. In 2024 alone, bots accounted for around 90% of stablecoin transaction volume. And on networks like Gnosis…
The Fed left the rates unchanged at 3.25%-3.50%. January is set to close with yet another highly eventful and volatile trading week, which, unfortunately for the bulls, drove BTC and many altcoins south to new local lows. Let’s rewind the clocks a week. Bitcoin tried to take down the $90,000 and even the $91,000…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US President Donald Trump is expected to unveil his pick for the next Federal Reserve chair on Friday morning, with former Fed governor Kevin Warsh emerging as the clear market favorite, an event that could jolt rate expectations and, by extension, Bitcoin…
