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Finance & Economics

Cascade of Bankruptcies: Crypto Empire DCG Shuts Wealth-Management Division

Jan 8, 2023 at 9:55 am

Financial interplay, 30% staff layoffs, federal prosecution, suspended withdrawals, and a public feud between the founders. Another cryptocurrency conglomerate joins the growing list of troubled industry giants.  With reportedly over $3.5 billion in assets, Digital Currency Group (DCG), parent company Grayscale Investments, crypto brokerage Genesis, and publication CoinDesk, closes its wealth-management division, HQ Digital. Investigation […]

Finance & Economics

Mastercard Launches Web3-Focused Incubator

Jan 8, 2023 at 9:07 am

Mastercard launches an incubator focused on web3.

Finance & Economics

Abu Dhabi Islamic Bank Release Contactless Payment Devices

Jan 7, 2023 at 10:25 am

The Islamic Bank of Abu Dhabi launched the release of devices for contactless payments.

Finance & Economics

Duck Creek Technologies to Acquire Swiss Payment Platform

Jan 6, 2023 at 1:38 pm

Duck Creek Technologies has announced an agreement to acquire Imburse Payments, a modern payment platform in Switzerland.

News

Survey: Singapore Consumers Want to Control Their Data

Jan 6, 2023 at 1:16 pm

Singapore consumers of digital services have expressed a desire to control personal data in the virtual space.

Finance & Economics

Inflation in Eurozone Fall to 9.5%

Jan 6, 2023 at 12:55 pm

For the first time in two months, inflation in the Eurozone was less than 10%. The preliminary consumer price index in the single euro area increased by 9.2% year-on-year in December. This figure in November was 10.1%. In October, the index was a record, its value was equal to 10.6%. Experts predicted inflation in the […]

Blockchain & Crypto

Huobi Lays Off 20% of Employees, Denies Insolvency

Jan 6, 2023 at 12:12 pm

The crypto exchange Huobi has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring, following Justin Sun’s acquisition of the firm, but denied rumours of its insolvency

Fintech & Ecommerce

Getnet Launches Sustainable Payment Machine out of Electronic Waste

Jan 6, 2023 at 11:29 am

The new sustainable payment machine from Getnet is the first of its kind on the card-acquiring market. It is made from recycled parts of electrical equipment waste

News

Survey: Digital Payments Replace Wallets

Jan 6, 2023 at 11:02 am

The active development of digital technologies displaces many material objects from people’s lives. This fate couldn’t be avoided by traditional wallets, which are shrinking in size and are heading for a minimal presence in everyday life

Fintech & Ecommerce

First Digital Сonsumer Finance Service Launches in Japan

Jan 6, 2023 at 11:00 am

In Japan, a local fintech company Smartpay launched Smartpay Bank Direct, the country’s first digital consumer finance service, that pronides customers the opportunity to pay online for purchases in installments using their bank accounts

Finance & Economics

Americans Spent a Record $212B on Online Holiday Shopping

Jan 6, 2023 at 10:11 am

Online shopping considerably increased this holiday season despite economic downturn, as record-setting discounts helped offset the negative impact of high inflation

Science & Technology

European SMEs Believe BaaS will Overtake Traditional Banking: Survey

Jan 6, 2023 at 9:20 am

Independent survey with over 1,000 business representatives from Europe shows the potential of Banking-as-a-Service (BaaS) which is expected to reach mainstream adoption within five years

Science & Technology

ChatGPT Helps Students Cheating, OpenAI Works on Mitigation

Jan 6, 2023 at 8:43 am

US Educators are blocking the use of ChatGPT on its premises, while the company behind it develops a solution to help spot the AI-generated texts

Finance & Economics

Santander Launches Commercial Card Solution with Global Payments

Jan 6, 2023 at 8:21 am

Santander Bank partnered with Global Payments Inc. on a new commercial card offering for its Commercial Banking clients in the US

Science & Technology

Stellantis to Turn Vehicle Data into Apps and Services

Jan 6, 2023 at 8:01 am

The global automaker and mobility provider Stellantis introduces an independent business unit, dedicated to data as a service (DaaS) business, innovative B2B products, applications and services

Blockchain & Crypto

NY Attorney General Sues Celsius Ex-CEO for ‘Duping’ Investors Out of Billions in Crypto

Jan 5, 2023 at 5:26 pm

Former CEO and co-founder of Celsius Network, Alex Mashinsky, faces a lawsuit for defrauding hundreds of thousands of investors, including 26,000 New Yorkers.  NY AG Letitia James isn’t just seeking damages for victims, she’s also determined to permanently bar Mashinsky from trading and operating a business in New York.  Celsius Network operated as a global […]

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Huawei Launches Mate 70 Series of Smartphones

Nov 26, 2024 at 10:15 pm

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