News - page 223

Finance & Economics

Walmart Cuts Profit Outlook and Lowers Prices to Boost Sales

Walmart is cutting prices in an effort to reduce in-store merchandise levels: profits are likely to fall along with the consumer spending power 

Fintech & Ecommerce

IDEX Biometrics launches payment cards in Turkey 

IDEX Biometrics partnered with Turkish card manufacturer, E-Kart, to launch biometric payment cards for the local market

Blockchain & Crypto

Titanium Blockchain CEO Pleads Guilty in Multi-Million Crypto Fraud Scheme

Titanium Blockchain Infrastructure’s (TBIS) CEO admitted that he falsified some white papers and used investor funds for his own purposes

Science & Technology

Meta is eyeing the eye-tracking tech startup AdHawk

Meta is not giving up on its ambitious Metaverse plans: considers buying the VR-related technology startup

Fintech & Ecommerce

Digital Domestic Money Transfers to Surpass 300 Billion Globally by 2026

A new study revealed that the volume of digital domestic money transfer transactions will exceed 300 billion globally in 2026

Finance & Economics

Shoppers Increasingly Choose Store Brands over Big Food Companies

Affordable store brands have seen the sales growth recently by offering greater discounts than big food brands, as consumer budgets are tightening 

Blockchain & Crypto

Barclays to Buy Stake in a Crypto Company 

Barclays is reportedly buying a share in the crypto company Copper

Reports

Rich Americans Keep Borrowing Despite Rising Rates

Bank of America and Morgan Stanley registered significant growth in loans to wealth-management customers in the first half of the year

Blockchain & Crypto

BNP Paribas partners with fintechs to develop a digital asset custody service

BNP Paribas Securities Services partnered with Fireblocks and Metaco to develop its new digital asset custody offering

Fintech & Ecommerce

Visa Approves the first SDK from phos

Fintech phos had its proprietary Software Development Kit (SDK) officially approved by Visa

Blockchain & Crypto

UK to regulate stablecoins

UK government will regulate stablecoins according to the recently published Financial Services and Markets Bill

Finance & Economics

Former Coinbase employee charged in crypto insider trading scheme

An ex-Coinbase product manager and his two accomplices are charged in the first-ever alleged cryptocurrency insider trading scheme

Finance & Economics

ECB lifts rates to tame inflation

The European Central Bank (ECB) raised interest rates by 50 basis points trying to control inflation in the eurozone

Science & Technology

Tesla discarded 75% of its BTC holdings

The leading EV manufacturer got rid of bitcoin amidst a crypto winter

Fintech & Ecommerce

Visa changes first-party fraud policies

As card-not-present transactions rise, Visa is changing how it deals with first-party misuse

Fintech & Ecommerce

UK fintech investment continues to increase despite the global decline

While global fintech capital investment showed no growth in the first half of the year, the UK saw a 24% year-on-year increase