By , (Reuters) - Coinbase Global Inc, the largest U.S. cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing.The eye-popping valuation underscores how the perceived value of Coinbase has rallied in lock-step with the surge in the price of cryptocurrency bitcoin.In a regulatory filing, Coinbase said its stock in the private market traded at a weighted average price of $343.58 in the first quarter of 2021 through March 15. In the third quarter ended Sept. 30, Coinbase’s stock...…By , (Reuters) - Coinbase Global Inc, the largest U.S. cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing.The eye-popping valuation underscores how the perceived value of Coinbase has rallied in lock-step with the surge in the price of cryptocurrency bitcoin.In a regulatory filing, Coinbase said its stock in the private market traded at a weighted average price of $343.58 in the first quarter of 2021 through March 15. In the third quarter ended Sept. 30, Coinbase’s stock...WW…

By (Reuters) - Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.The company told Reuters it had launched the pilot program with payment and crypto platform Crypto.com and plans to offer the option to more partners later this year.Bitcoin, the most popular crypto coin, jumped to a one-week high on the news, rising as much as 4.5% to $58,300 and heading back toward a record-high above $61,000 hit earlier this month.Visa...…By (Reuters) - Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.The company told Reuters it had launched the pilot program with payment and crypto platform Crypto.com and plans to offer the option to more partners later this year.Bitcoin, the most popular crypto coin, jumped to a one-week high on the news, rising as much as 4.5% to $58,300 and heading back toward a record-high above $61,000 hit earlier this month.Visa...WW…

By , (Reuters) - Goldman Sachs Group Inc is launching an automated wealth-management platform to invest customer funds across managed portfolios made up of exchange trade funds for stocks and bonds, the bank said on Tuesday.Consumers can open an account with Marcus Invest with a minimum of $1,000 and will be charged an annual fee of 0.35%, the bank said.Goldman’s robo-adviser will allocate and rebalance customers’ wealth based on models developed by the bank’s investment-strategy group, which has traditionally catered to institutions and the ultra-rich.The move is the latest digital banking...…By , (Reuters) - Goldman Sachs Group Inc is launching an automated wealth-management platform to invest customer funds across managed portfolios made up of exchange trade funds for stocks and bonds, the bank said on Tuesday.Consumers can open an account with Marcus Invest with a minimum of $1,000 and will be charged an annual fee of 0.35%, the bank said.Goldman’s robo-adviser will allocate and rebalance customers’ wealth based on models developed by the bank’s investment-strategy group, which has traditionally catered to institutions and the ultra-rich.The move is the latest digital banking...WW…

By , (Reuters) -Robinhood has tapped $2.4 billion in funding on top of the $1 billion it raised last week after the online brokerage’s finances were strained due to a retail trading frenzy in heavily shorted shares of companies such as GameStop Corp.The latest round of fund injection means that Robinhood has raised more capital in a week than at any point since its inception in 2013, giving it enough financial muscle to meet any funding needs stemming from the trading boom.The funding round was led by Ribbit Capital and included existing investors ICONIQ, Andreessen Horowitz, Sequoia...…By , (Reuters) -Robinhood has tapped $2.4 billion in funding on top of the $1 billion it raised last week after the online brokerage’s finances were strained due to a retail trading frenzy in heavily shorted shares of companies such as GameStop Corp.The latest round of fund injection means that Robinhood has raised more capital in a week than at any point since its inception in 2013, giving it enough financial muscle to meet any funding needs stemming from the trading boom.The funding round was led by Ribbit Capital and included existing investors ICONIQ, Andreessen Horowitz, Sequoia...WW…

By , (Reuters) - Mastercard Inc and Visa Inc on Thursday stopped processing payments on Pornhub after a New York Times report last week that many videos posted on the adult website depicted sexual assault of children.Mastercard said it was permanently ending the use of its cards on the sex videos site after its investigation confirmed the presence of illegal content on the platform. Visa said it was suspending payments till an investigation was completed.Pornhub called the actions as “disappointing”, saying it came after the site implemented safeguards such as a ban on video downloads, as...…By , (Reuters) - Mastercard Inc and Visa Inc on Thursday stopped processing payments on Pornhub after a New York Times report last week that many videos posted on the adult website depicted sexual assault of children.Mastercard said it was permanently ending the use of its cards on the sex videos site after its investigation confirmed the presence of illegal content on the platform. Visa said it was suspending payments till an investigation was completed.Pornhub called the actions as “disappointing”, saying it came after the site implemented safeguards such as a ban on video downloads, as...WW…

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet the latest tech news & scoops — delivered daily to your inbox.Something is loading.(Reuters) - Food-delivery startup DoorDash is aiming to raise up to $2.8 billion at a valuation of $27 billion in its initial public offering, setting the stage for one of the most high-profile stock market debuts of the year.SoftBank-backed DoorDash plans to sell 33 million shares priced between $75...…Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowGet the latest tech news & scoops — delivered daily to your inbox.Something is loading.(Reuters) - Food-delivery startup DoorDash is aiming to raise up to $2.8 billion at a valuation of $27 billion in its initial public offering, setting the stage for one of the most high-profile stock market debuts of the year.SoftBank-backed DoorDash plans to sell 33 million shares priced between $75...WW…