Markets

The online payments giant PayPal is getting ready to cut as many as 2,500 jobs, according to recent reports. The figure represents 9% of the company’s entire workforce. The decision comes as part of the firm’s strategy against increasing competition...

A Web3 payments infrastructure provider, Transak, recently announced its new partnership with Visa, one of the world’s largest card and payment providers. The two have teamed up in order for Transak to allow its users to convert their cryptocurrencies into...

Binance, the world’s largest crypto exchange by trading volume, recently stated that some of its largest traders may use third parties for custody over their crypto assets. These mostly include independent banks, but the move comes as quite important, as...

XTB, one of the largest stock exchange-listed FX brokers in the world, recently released preliminary financial results for 2023. The firm highlighted a 10% surge in revenue on an annual basis, alongside a 51% increase in the number of active...

The European Securities and Markets Authority (ESMA) recently presented a proposal that could have a heavy impact on how crypto companies based outside of the EU member nations might operate within its borders moving forward. If the new guidelines end...

Spanish financial regulator, the Comision Nacional del Mercado de Valores (CNMV), recently published a statement in which it warned the public of even more websites that have been illegally offering financial services to the country’s citizens. Websites such as these...

One of the leading UK banks, Lloyds Banking Group, recently decided to close its mobile bank branch service, which has seen vans drive to towns across the UK to offer an alternative service to stationary branches. https://twitter.com/premnsikka/status/1751995626504495340 Lloyds continuous to...

The Commodity Futures Trading Commission (CFTC), the US regulator overseeing commodities, recently issued a warning to the public against the hype that currently surrounds the AI sector. According to the regulator, the public has been excited about AI enough for...

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,...