Markets

A popular stablecoin payments platform Infini recently suffered what is believed to be an insider exploit. The platform lost $50 million to a former developer who allegedly retained admin privileges after completing work on the project. The report came from...

Charlie Javice, the founder of a fintech Frank, who allegedly defrauded JP Morgan Chase into buying the firm, is now facing trial according to new reports. Javice was accused of securities fraud, bank fraud, wire fraud, as well as conspiracy...

Robinhood announced recently that the US Securities and Exchange Commission is ditching its investigation into the company’s crypto arm.  The announcement came only a few days after reports that the SEC has also decided to give up on its case...

The United Kingdom’s court recently approved Mastercard’s £200 million settlement of a class action lawsuit brought on behalf of the country’s consumers. The green light was given by the Competition Appeal Tribunal. Initially, the payments giant reached a deal with...

The UK Government is deciding whether or not to abolish its Payment Systems Regulator (PSR), in which case it would be folded into the Financial Conduct Authority (FCA). The Payment Systems Regulator has been operating as a subsidiary of the...

Aux Cayes FinTech Co. Ltd, a parent company of the popular crypto exchange OKX, recently pleaded guilty to compliance failures identified in an investigation led by the US Department of Justice (DOJ). The firm admitted to operating an unlicensed money-transmitting...

Swiset has announced new trading technology to help brokers and proprietary firms work better. The company said the new tools will improve risk management, efficiency, and scalability. These updates will be shown at the Money Expo Mexico on February 26....

Trive South Africa welcomed Jimmy Moyaha as its new Non-Executive Director. The company brought in Moyaha, a financial expert, to strengthen its leadership team. He is the Founder and Managing Director of Lebowa Capital. Moyaha has been active in South...

Zopa Bank has signed a deal with Octopus Energy as it enters the United Kingdom's £23 billion Green energy industry. It will offer Octopus Energy customers nationwide access to its suite of buy now, pay later, and retail finance products....

DeFinity Markets has announced a partnership with crypto operations platform, Utila, to improve the access of institutional clients to digital assets markets. The collaboration will provide foreign exchange (FX) and secure fiat on/off ramping solutions. Chief Executive Officer of DeFinity...

Madrid-based company Embat, which provides treasury management solutions, has acquired Necto, a United States company that connects banks through technology. The company said the deal will help finance teams in medium and large businesses by improving banking connections through Necto’s...

PayPal Holdings Inc. and Verifone announced a new plan to help businesses accept payments in more ways. This plan will integrate Verifone’s in-store payment tools into PayPal’s online payment system, Braintree. The goal is to give businesses a smooth and...

According to recent update, Bybit has taken action after a major security breach led to losses of about $1.5 billion. The crypto exchange has introduced LazarusBounty.com, a platform designed to track hackers, recover stolen funds, and increase security in the...

The United Kingdom government is considering closing the Payment Systems Regulator (PSR). The PSR is responsible for keeping payment services fair and secure. If the regulator is shut down, its duties may move to the Financial Conduct Authority (FCA). The...

Charlie Javice, the Founder of student aid company Frank, is now on trial over claims that she tricked JPMorgan Chase into buying her company for $175 million. Prosecutors said Charlie lied about how many students used Frank, giving false numbers...