Stay ahead in fintech — Weekly insights, deals, and updatesGet Updates

Browsing: Market Rumors

Gettyimages 2161842016.jpg
Unveiling How Alphabet's Rumored Acquisition of Wiz Could Affect Venture Capital

October 29, 2024

Alphabet, Google's parent company, is in advanced talks to acquire cybersecurity startup Wiz for $23 billion, according to the Wall Street Journal. reported on Sunday. TechCrunch sources heard similar comments and added that agreement discussions could last until next week. If this deal goes through, it would be Alphabet's largest acquisition ever. It would also

Chime.jpg
Chime plans to launch a US IPO in 2025

October 29, 2024

Chime Financial reportedly intends to launch its initial public offering (IPO) in 2025. The FinTech company aims to do so in the United States but has not yet signed banks for the IPO, Bloomberg reported Friday March 22, citing anonymous sources. Chime did not immediately respond to PYMNTS' request for comment. Chime has been considered

51sh7jvaets. Ac .jpg
Tether CEO denies rumors of US crackdown, reveals massive reservations

October 28, 2024

Tether CEO Paolo Ardoino has been transparent about the company's reserve assets, amid swirling rumors that Tether could be monitored by US authorities. According to Ardoino, Tether currently holds a the staggering sum of $100 billion in US Treasuries, more than 82,000 Bitcoins worth around $5.5 billion and 48 tonnes of gold to back its

Bitcoin Ethereum .jpg
BTC jumps 6% to $70,000 as Ethereum ETF rumors cause market frenzy

October 25, 2024

Bitcoin (BTC) surpassed the $70,000 mark on May 21, marking a milestone driven by a flood of investments in spot Bitcoin exchange-traded funds (ETFs) and a broader market rally. Bitcoin price surged to $70,325, a 6% increase over 24 hours, before settling at $68,700 at press time, based on CryptoSlate data. Ethereum (ETH) has arguably

Globalpayments.jpg
Global Payments wants $3 billion for AdvancedMD, but may have to settle for half that

October 24, 2024

Global Paymentsthe publicly traded payments processor, is seeking a buyer for AdvancedMD, according to four banking and private equity sources. Global Payments has hired an investment bank to advise it on the sale process, the sources confirmed to Fortune. GPN wants $3 billion for AdvancedMD, but is more likely to receive something closer to $1.5

Stephanie Nyse Outside.jpg
The most powerful woman in fintech is on the hunt for acquisitions

October 22, 2024

Just months after closing one of the biggest deals of her career, Stephanie Ferris, CEO of Fidelity National Information Serviceshas a message for everyone: FIS is not over. Ferris and the company she runs are looking to get back into buying. In February, the FIS closed the sale from a majority stake in WorldPay to

Bitcoin Up Pump.jpg
Crypto Market Defies Falling Tech Stocks as Bitcoin Surpasses $66,000 Amid Trump Rumors

October 20, 2024

Bitcoin and the broader crypto market are recovering despite a downward trend in equity markets, particularly technology stocks, indicating a downward trend. correlation break between the two. The flagship crypto surged more than 4% in the past few hours to $66,377 at press time, based on CryptoSlate data. Meanwhile, other top tokens like Ethereum And

Fa02405898354f9f8555dd44ef5e371f.png
Robinhood VP Denies Plans to Launch Stablecoin in Near Future

October 20, 2024

Johann Kerbrat, vice president and general manager of Robinhood Crypto, dispelled rumors that the company was considering issuing its own stablecoin. Johann Kerbrat, vice president and general manager of Robinhood Crypto, dispelled rumors that the company was considering issuing its own stablecoin. “At the moment we have no short-term plans to launch a stablecoin,” Kerbrat

Gettyimages 1355959712.jpg
Informatica makes a point of saying it's not for sale – to Salesforce or anyone else

October 18, 2024

Nothing motivates us like a big M&A buzz, and history has shown that where there's smoke, there's often fire – but that's not always the case. Last week the big rumor involved Salesforce acquires Informatica in a deal amounting to somewhere between $6.5 billion in 2018 MuleSoft offer and the 15.7 billion dollars Painting Acquisition

Rumors.jpg
Bitcoin.com News Justin Sun denies liquidation rumors, announces $1 billion fund to fight FUDI In his latest social media posts, Tron founder Justin Sun addressed rumors regarding the liquidation of their positions, firmly denying any….August 5, 2024

October 16, 2024

Bitcoin.com News Justin Sun denies liquidation rumors, announces $1 billion fund to fight FUDI In his latest social media posts, Tron founder Justin Sun addressed rumors regarding the liquidation of their positions, firmly denying any….August 5, 2024