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The Latest Breaking News from Stripe

JP Morgan buys Renovite amid fight to keep top spot in payment processing

The deal is the latest in a string of acquisitions by the firm in a bid to enhance its technology offering

Evening Standard

Stripe investor slashes its valuation on shares of Collison brothers’ tech firm by 64pc

Stripe investor T Rowe Price has become the latest to slash its valuation for the Irish-owned technology giant’s shares – writing the stock down by 64pc versus the price it was valued at the end of 2021.

Irish Independent

Stripe valuation falls as investor marks down shares

A large investment fund has downgraded the value of its shares in Stripe by 64pc in the last year, suggesting the company is now valued a long way off its most recent $95bn valuation.

Irish Independent

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Andrew Tate: money-making scheme for fans of ‘extreme misogynist’ closes

Programme encouraging followers to post videos helped former kickboxer go viral

The Guardian - UK

Venture capital’s silent crash: when the tech boom met reality

Investors of all stripes have crashed the clubby world of VC, drawn by the potential of tech start-ups. But there are signs the party is over

Financial Times

Benzinga Before The Bell: Donald Trump's Presidential Bid, Facebook Testing Multiple Profiles, UnitedHealth Q2 Earnings Growth And Other Top Financial Stories Friday, July 15

CNBC Augmented Supply Best Way To Balance Rising Oil Prices, Says OECD Chief

Benzinga

Stripe reportedly cuts valuation amid tech share crash

Stripe, the digital payments giant founded by John and Patrick Collison, is reported to have slashed its internal valuation by 28pc.

Irish Independent

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Inside Stripe CEO Patrick Collison's family life as he weds childhood sweetheart

The Tipperary native and co-founder of Stripe first met now wife Silvana Konnerman after she narrowly beat him for the top spot in the 2004 EU Young Scientist competition

Irish Mirror

Why This Bitcoin Crash Is A 'Crypto Ice Age' — Don't Fight The Fed

Bitcoin bear markets aren't unusual. But cryptocurrencies have never faced such an aggressive Federal Reserve. Welcome to the crypto ice age.

Investors Business Daily

Billions wiped off the valuation of Collison brothers’ payment firm Stripe

The valuation of online payments giant Stripe, founded by Tipperary brothers Patrick and John Collison, has been slashed by billions of dollars by a major US investment firm.

Irish Independent

5 Warren Buffett Stocks Wall Street Predicts Will Rally 60% or More

The stock market has been experiencing wild swings lately due to investors’ macroeconomic and geopolitical concerns. Amid volatile economic conditions, renowned investor Warren Buffett’s top portfolio holdings could be worth watching. Wall Street analysts expect Warren Buffett stocks Amazon.com (AMZN), RH (RH), StoneCo (STNE), Snowflake (SNOW), and NU Holdings (NU)…

StockNews.com

Tech firm eDesk to hire 150 new staff and eyes possible future IPO

Irish software firm eDesk is riding high on the back of the pandemic boom in online shopping, adding 150 jobs and contemplating a stock market listing.

Irish Independent

Morning Brief: Top Financial Stories Dominating on Wednesday, May 25

Reuters Ford To Pay $19.2M In Multi-State Settlement For False Advertising Claims

Benzinga

Stripe Resumes Crypto Push Drawing Inspiration From Block, PayPal

Payments company Stripe Inc looks to give customers access to Bitcoin (CRYPTO: BTC)four years after suspending support for the cryptocurrency, Bloomberg reports. Stripe collaborated with crypto startup OpenNode to help its customers to accept Bitcoin payments through a new app. Stripe customers will be able to convert incoming payments and any amount of…

Benzinga

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AFP

Billionaires promote CO2-removing schemes to protect climate

Paris (AFP) - The boss of NetZero still can't believe his start-up has won a million-dollar prize from Elon Musk to improve ways of sucking climate-heating carbon dioxide (CO2) from the air.

Reason

Mike Solana Wants You To Commit Thoughtcrimes

The Hereticon organizer on deplatforming, tribalism, and why tech dudes and journalists are natural enemies

The Atlantic

There’s No Scenario in Which 2050 Is ‘Normal’

The two paths to avoid the worst of climate change would still dramatically change the world as we know it.

Benzinga

Top News In Fintech And Beyond For April 27, 2022

👉 Top Things To Know In TradeFi:

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Benzinga

Stripe To Allow USDC Stablecoin Payments — Including To Twitter Content Creators — On The Polygon Blockchain

Payment processing giant Stripe has introduced USD Coin (CRYPTO: USDC) — the stablecoin launched by fintech Circle in partnership with Coinbase Global Inc (NASDAQ: COIN)

Irish Independent

Funding startup Wayflyer announces executive hiring spree

The Irish e-commerce funding startup Wayflyer, which raised $150m (€139m) at a valuation of $1.6bn (€1.48bn) in January, has gone on an executive hiring spree.

Asharq Al-Awsat

African Startups Drew Record $5.2 Billion in Venture Capital Last Year

African start-ups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020 with a nearly five-fold increase in investments, according to data released by an industry group on Tuesday. The success of companies like Nigeria's Paystack, acquired in 2020 by US payments…

Irish Independent

Keeping it in the family: How to run a thriving business with your siblings

In a country that has produced Tipperary brothers and founders of global tech company Stripe; Patrick and John Collison – or Kerry hoteliers John and Francis Brennan, it appears that Irish sibling controlled businesses are on the rise.

The Atlantic

We’ve Never Seen a Carbon-Removal Plan Like This Before

Companies including Google and Facebook are pouring more than $900 million into a nascent technology that’s essential to zeroing out emissions.

Irish Independent

Stripe sees 60pc growth in annual payments processed to over €589bn

Stripe processed more than $640 billion (€589bn) in payments in 2021, up 60pc from the previous year, and the company now employs more than 7,000 people in 23 countries.

Irish Independent

Stripe-backed Fast to shut months after $102m funding round

Stripe-backed tech startup Fast, which developed single click online checkout software for retailers, is to shut just months after closing a $102m (€94m) ‘Series B’ funding round in January.

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