Markets

The time of the plastic card might be coming to a close. For many years, it has been the main conductor of commerce, guiding the usual routine of swiping, hearing a beep, and getting a receipt. But now, a new...

Tradeweb Markets has provided its market data which shows a substantial 69.1% year-over-year rise in its trading volume. The company says its total trading volume reached $41.9 trillion and its average daily volume was $1.94 trillion in April. The company...

STYLE Protocol, which changes NFTs into 3D assets for games and metaverses, has listed $STYLE, its native utility token, on major exchanges. The token is now on Bitget and MEXC and also available on Uniswap. Those who have this token...

Crypto.com has reached a new record by exceeding 100 million users worldwide. This marks a major accomplishment for the firm since its founding in 2016. The crypto exchange credited this success to its recent advertising campaigns, which comprise collaborations with...

The recent study conducted by Allium Labs and Visa revealed that more than 90% of stablecoin transactions do not originate from real users. This study raised questions about stablecoins' potential to revolutionize the payment industry despite optimism from the overall...

I&M Bank and Mastercard have revealed the continuation of their strategic partnership with an 8-year collaboration, focused on bolstering the benefits offered to cardholders in Kenya. The alliance seeks to offer perks via Competitive high-value customer offerings presented by I&M...

Australian Securities and Investments Commission (ASIC) has issued a warning after identifying some cold-calling operators who use high-pressure sales tactics. The organization also uses online click-bait awareness to instigate customers into accepting improper pension plan transfer recommendations. ASIC Wants To...

Shell has announced a first-quarter net income of $7.7 billion, surpassing all expectations following disturbances in the Red Sea and Russia that boosted profits in oil trading and refining. The firm also revealed that it plans to buy back an...

Borderless AI, an Employer of Record (EOR) company, has announced that its teaming up with Nium, a cross-border payment service provider. The purpose of this alliance is to enhance international payments within the EOR sector.  This partnership is a step...

The French payment and transactional services company, Worldline (EPA: WLD), has concluded the first quarter of 2024. It reported that the group’s revenue was close to €1.1 billion, along with an organic growth rate of 2.5 percent. In the recent...

Ruslan Fakhrutdinov, the former Head of Crypto Operations at Revolut, has initiated the establishment of a cryptocurrency exchange with a total investment of $6.5 million. Cyber Fund, Starkware, Cherry Ventures, Semantic Ventures, and Tioga Capital are among the investors in...

The Federal Reserve has called for feedback on proposed amendments to its National Settlement Service and Fedwire Fund Service. It has also called for input on a feasible new posting time for transactions, and an increased daylight overdraft charge. NACHA...

Wells Fargo and JP Morgan both said the U.S. authorities are looking into how both firms managed complaints about Zelle’s peer-to-peer payment service. In a filing sent to the Securities and Exchange Commission, Wells Fargo revealed the United States government’s...

The Italian financial market regulator Consob recently updated its warning list and also announced that it had stopped certain companies, including Vantage Markets, from being accessed in Italy. In an email statement, the broker addressed the recent actions of the...

A former Florida resident has been accused of FX pool fraud. Darren Robinson, along with his company QYUHI headquartered in Wyoming, is obligated to pay over $5.9 million in restitution and an additional $5.9 million in civil penalties. The charges...