The latest headlines on the impact of technology on the wealth management industry.
The U.S. Securities and Exchange Commission sued Kik Interactive Inc. for illegally raising $100 million through a 2017 digital-token sale, in one of its highest profile cases targeting a company for not registering an offering with the regulator.
Cryptocurrency pioneer Justin Sun bid a record $4.57 million to have lunch with Warren Buffett, who famously referred to Bitcoin as “probably rat poison squared.”
The re-ignited trade war is causing as much grief to our robot overlords as it is to human traders.
Wealthfront Inc. is known for doing the most boring type of investing possible—sticking clients’ money in mutual funds and ETFs and taking a small fee.
Robinhood Markets Inc. is close to securing at least $200 million in fresh funding, according a person familiar with the matter. The round is said to value the company at between $7 billion and $8 billion, although the details could change.
Bitcoin held most of Monday’s 13% surge as traders took in their stride another delay by U.S. regulators to approve a Bitcoin exchange-traded fund.
Bitcoin slumped Friday bringing this month’s spirited surge to a halt and taking rival coins down with it.
U.S. and European law enforcement officials on Thursday said they had dismantled a global organized cybercrime network, which used malware to steal banking login details in an attempt to pocket about $100 million from thousands of businesses.
Half of customers opening accounts on the bank’s You Invest platform are millennials, according to Kunal Vaed, head of digital self-directed investing at JPMorgan.
Bitcoin jumped above $7,000 and didn’t look back, as its longest winning streak since 2013 continued to rekindle the global cryptocurrency market.