Will this be the year that cryptocurrency’s market capitalization surpasses the $5 trillion mark? Ripple CEO Brad Garlinghouse seems to think so. Speaking to CNBC Sunday (April 7), Garlinghouse said he expects the value of the crypto market to double in 2024, thanks to factors like the approval of the first U.S. spot bitcoin exchange-traded fund (ETFs) and the upcoming
Investors tied to Elon Musk are reportedly planning a $3 billion funding round for xAI. This round would value the artificial intelligence (AI) firm at $18 billion, The Wall Street Journal (WSJ) reported Friday (April 5), citing sources familiar with the matter. Sources told WSJ that venture capital company Gigafund and Steve Jurvetson, a prominent Musk backer
Regulators in Singapore have given a license to cryptocurrency market maker GSR Markets. As Bloomberg News noted in a report late Wednesday (April 3), the move is a rare one for the digital asset space, where liquidity providers such as GSR still — in most cases — function without regulatory permits. Xin Song, CEO of GSR Singapore, said
Galaxy Digital Holdings is reportedly talking with outside investors to assemble a $100 million fund to invest in early-stage crypto companies. The planned Galaxy Ventures Fund I will focus on financial applications, software infrastructure and protocols building in crypto, aiming to invest in as many as 30 startups over three years, CoinDesk reported Wednesday (April 3), citing
U.S. Bank and Levantor Capital have expanded their partnership to offer additional flexible working capital financing options to U.S. Bank clients. With this collaboration, U.S. Bank will now offer Levantor’s sales finance solutions, the companies said in a Wednesday (April 3) press release. “By deepening our collaboration with Levantor, we can help our clients improve supplier relationships and more efficiently trade
Venture capitalist Steve Singh and a group of growth investors have acquired corporate travel management firm Direct Travel. The investors joining Singh in the acquisition include Durable Capital Partners, Madrona Ventures, Top Tier Capital Partners and Blackstone Credit & Insurance, Direct Travel said in a Tuesday (April 2) press release. “Direct Travel sets the bar for customer experience,” Singh said in the release. “We
Intuit launched a financial literacy program that provides U.S. high school educators with resources to teach their students about personal and entrepreneurial finance. The new Intuit for Education program covers budgeting, saving, managing credit and other essential skills, the global financial technology platform said in a Tuesday (April 2) press release. “As an organization that has been powering prosperity
Crypto-focused venture capital (VC) firm Paradigm is reportedly working to raise between $750 million and $850 million for a new fund. The company is currently in talks with investors, Bloomberg reported Tuesday (April 2), citing unnamed sources. Paradigm did not immediately reply to PYMNTS’ request for comment. In 2021, the firm raised what was the
Banks are facing a $2 trillion “wall” of property debt, according to an American brokerage. As such, lenders must reduce their exposure to commercial real estate as that debt comes due over the next three years, Newmark CEO Barry Gosin told the Financial Times (FT) Monday (April 1). “Banks will be under pressure,” said Gosin, whose firm handled $50 billion in
Two Binance executives have sued the Nigerian government following their detention by the African nation. The cryptocurrency execs filed suit last week against Nigeria’s national security adviser, Nuhu Ribadu, and country’s Economic Financial Crimes Commission for violating their fundamental human rights, Coindesk reported Friday (March 29), citing local media reports. In their court filings, Tigran Gambaryan, head of