Markets

US loyalty platform Bilt Rewards has announced $200 million in Funding, which has taken the firm's value to an impressive $3.1 billion. According to the announcement, General Catalysts led the funding round. Other notable contributors include existing investors like Prosus...

SkyArk Chronicles, a fantasy game created in the anime style, recently held a huge event where people made and sold NFTs. During this occasion, eager collectors pledged $115 million in Ethereum to possibly own one of the game's character assets....

Tink, a leading player in open banking, has unveiled 'Risk Signals,' a system that enables instant payments in Europe while keeping risks low. Bank transfers in some European markets may take up to three days to conclude, and the money...

Payment technology behemoth Mastercard has hinted that it will soon scrap passwords from its portal as it plans to introduce a new biometric feature. This is coming over ten years after Mastercard joined the Fido Alliance. Mastercard's new biometric service aims to...

Online payments giant PayPal recently unveiled a host of brand-new AI-powered features for the new year. However, the revelation of the plans to launch the tools did not convince the market of the company’s rise in value. In fact, instead...

One of the leading UK banks, Lloyds Banking Group, recently announced its decision to cut around 1,600 jobs from its branch network. However, at the same time, the bank is creating over 800 new roles in its expanded “relationship growth”...

According to a recent letter from Manhattan’s district attorney, several online payment services need to up their security measures in order to stop the growing rate of fraud cases. The DA has written to the companies behind the Cash App,...

Following a recent ransomware attack conducted against a software company known as Tietoevry, Swedish central bank Riksbank had its own IT systems knocked out. The bank has since filed a police report, bringing the matter to light. https://twitter.com/ExtremaRatio4/status/1751852178673713504 Tietoevry clients’...

The UK’s National Crime Agency (NCA) recently issued amber alert due to concerns regarding money laundering in the art storage sector. According to the agency, money laundering in the sector, alongside other similar crimes, has reached a concerning level, and...

The Atlantic Council, a well-known think tank, recently commented on the United States’ position in the central bank digital currency (CBDC) arena. The think tank warned that the US is significantly falling behind other major competitors, specifically China, India, and...

Following the impersonation of Pocketpair’s office account, the Palworld developer is taking steps to sue the impersonator. The account promised fake in-game rewards in a malicious advertising campaign using an office account similar to Pocketpair. Palworld Developer Pocketpair is considering...

Multi-asset investment firm eToro is changing its crypto trading services in France and Australia, especially for non-leveraged CFD trading. The broker wants its clients to finish any non-leveraged long trades with these instruments before February 21 for France and February...

Integral, a company that assists other companies with trading technology, received $30 million from Vistara Growth in Canada to support its expansion and product development.  Last week, the company shared that it's planning to employ more people and make its...

OKX has placed a hold on its crypto mining pool and similar services. New users won't be able to sign up starting from January 26, 2024. Following a declaration made by the crypto exchange, current users can still access their...

Fintech startup Brex has laid off 282 members of its workforce.  This is around 20% of its employees. The company said it had to make this hard decision, considering the harsh market realities it is facing. Brex which used to...