News - page 132

Blockchain & Crypto

Estonia Shuts Down Hundreds Local Crypto Firms Under New Legislation

About 400 virtual asset service providers have either lost their licences or voluntarily shut down in Estonia after the government enhanced TFP and AML laws with stricter rules for the crypto industry players

Finance & Economics

UK Greenlights $7.3 Billion Merger Between Satellite Rivals Viasat and Inmarsat

The UK Competition and Markets Authority (CMA) has officially approved the proposed merger of Viasat and Inmarsat worth $7.3 billion.

Blockchain & Crypto

Sam Bankman-Fried Wants His Case Thrown Out of Court

The lawyers of FTX founder Sam Bankman-Fried last Monday, May 8, filed petitions to dismiss the charges brought against him by the US government, of involvement in fraud.

Fintech & Ecommerce

Amazon Pays Customers for Pickup to Cut Delivery Costs

Amazon offers its customers a reward of $ 10 for the pickup of purchased goods.

Science & Technology

Spotify Takes Down AI-Generated Music

Tens of thousands of songs created with the help of the AI music startup Boomy have been removed from the music streaming platform Spotify

Fintech & Ecommerce

Stripe Partners WhatsApp for In-Chat Payments in Singapore

Stripe and WhatsApp launch a feature that allows Singapore businesses to accept payments directly in WhatsApp chats

Finance & Economics

LinkedIn Cuts 700 Jobs and Closes China App

LinkedIn has cut 716 jobs, taking the baton of layoffs among large technology companies.

Fintech & Ecommerce

Malaysia and Indonesia Link Cross-Border QR Payment Systems

The Indonesia-Malaysia cross-border QR code payment linkage launches to make instant retail payments, expand markets for local businesses, and facilitate increased settlements in local currency

Blockchain & Crypto

Zimbabwe Unveils Gold-Backed CBDC

Zimbabwe has presented a digital currency that is backed by gold.

Finance & Economics

JPMorgan to Pay Frank Founder’s Legal Fees

J.P. Morgan Chase will pay the legal costs of the disgraced founder of the fintech company with whom it is suing.

Fintech & Ecommerce

Ecobank Kenya Rolls Out Fingo Africa Financial App for Local Youth

The Fingo Africa app aims to enhance financial inclusion for young people both in Kenya and across the wider African landscape Part of the pan-African banking Group, Ecobank Kenya, launched the Fingo Africa app to enable African youth open bank accounts with their mobile phones. Ecobank has developed the touth-focused app in close collaboration with a […]

Fintech & Ecommerce

Jack Ma-Backed Ant Weighs Introduces Investor in HK Bank Unit

The media, citing informed sources, report that Ant Group Co. is currently exploring the possibility of selling a stake in its virtual banking division in Hong Kong.

Fintech & Ecommerce

Revolut CEO Blames Banking Troubles for UK License Delay

The CEO of Revolut said that the recent turmoil in the banking industry caused the suspension of the banking license of this company in the UK.

Finance & Economics

HSBC Foils Plan by Major Investor to Break Up Bank

HSBC managed to stop the attempt of the largest shareholder of this financial institution to divide the bank during the annual general meeting, which rarely takes place in an atmosphere of goodwill and absolute peacefulness.

Fintech & Ecommerce

EPI CEO Says Europe Ready for One Digital Wallet

Martina Weimert, CEO of the European Payments Initiative (EPI), stated the need for a pan-European solution to further enhance the development of real-time payments.

Fintech & Ecommerce

Fast Food Billionaires Launch Philippine Online Investment Platform

After a year of development, the Philippine online investment platform DragonFi was launched, offering users a customizable stock trading experience, advanced charts and “lowest possible fees”