Money

SoFi exiting crypto business amidst regulatory challenges

Published

2 years ago

November 30, 2023

The prominent fintech firm SoFi has announced its decision to exit the cryptocurrency business.

This decision comes as the company faces increasing regulatory challenges and a shifting landscape in the world of digital assets.

SoFi, which has been a notable player in the fintech industry, had initially ventured into the cryptocurrency space to provide its customers with a range of digital asset services. However, the recent intensification of regulatory scrutiny in the cryptocurrency sector has prompted the company to reconsider its position.

The firm’s management cited the need to focus on its core financial services offerings and ensure compliance with evolving regulations as the primary reasons for this strategic shift.

The news has left many in the cryptocurrency community and SoFi’s customer base with questions about the future of their digital asset holdings and transactions. Investors are particularly concerned about the fate of their cryptocurrency accounts and whether they will be able to transfer their assets to other platforms seamlessly.

Additionally, there are concerns about the impact of this decision on the overall cryptocurrency market and the broader fintech industry.

This development also raises questions about the challenges fintech companies face when entering the cryptocurrency space and the growing importance of regulatory compliance in the industry.

It remains to be seen how SoFi’s exit will affect its competitors and whether other fintech firms will reconsider their cryptocurrency offerings in light of the regulatory landscape. As the cryptocurrency market continues to evolve, the industry will undoubtedly continue to grapple with regulatory hurdles and adapt to changing circumstances.

Money

Tech stocks slide as investors rotate into small-cap and value plays

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

Published

9 hours ago

February 9, 2026

Harvey Vargas

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

U.S. equity markets wrapped up a turbulent week with mixed results. The Nasdaq Composite fell 1.84%, marking its worst week for large-cap technology stocks since November, while the S&P 500 remained largely unchanged. Investors are weighing concerns about artificial intelligence and potential overinvestment in high-growth areas.

Meanwhile, smaller-cap and value-oriented stocks continued to add to their year-to-date gains. Market participants rotated into cyclical sectors that had lagged, reflecting a shift in investor sentiment and appetite for risk outside the traditional tech heavyweights.

Analysts say this rotation highlights the broader market’s evolving dynamics, as growth concerns collide with opportunities in underappreciated areas. Stay tuned for further developments as the market digests these trends.

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Money

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

3 days ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

3 days ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker