Cryptocurrency

Cryptocurrency

Offshoring crypto hurts financial system, America’s standing

Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City.Steven Ferdman | Getty ImagesThe traditional financial system has served us well for centuries, but it's beginning to show its age. Like all systems before it, the day has come when technological advancement provides the opportunity to make it faster, more efficient and easier. From cable to streaming, cell phones to smartphones, and mail to email, advancements in technology have updated almost every industry we interact with in an ever...
Cryptocurrency

$33 billion fintech giant Revolut reports first-ever annual profit

Digital banking app Revolut reported revenues of £636.2 million ($766.9 million) in 2021, three times what it made the previous year, and swung to a net profit of £59.1 million.For 2022, Revolut gave a trading update saying it expects revenues to have grown more than 30% to £850 million.Revolut was late to producing its accounts to U.K. company register Companies House in time for a Dec. 31 deadline.Nikolay Storonsky, founder and CEO of Revolut.Harry Murphy | Sportsfile for Web Summit via Getty ImagesFinancial technology giant Revolut reported its first-ever annual...
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