Markets

The New York Attorney General recently sued DailyPay and MoneyLion, accusing the two wage access providers of charging fees to the workers that amount to interest rates of up to 750%. Letitia James, the Attorney General, stated that the companies...

Buy now, pay later (BNPL) giant Klarna recently made a move that is expected to allow the company to boost its in-store presence in the United States and bring its BNPL payment capabilities to over 100,000 merchant locations. The firm...

The US Bank rolled out a spend management platform aimed at businesses and business owners. The platform was designed to help companies monitor, track, and control their card-based spending, which could help them understand their spending better, and save more...

The UK-based RegTech platform NorthRow recently appointed a boutique investment advisory company by the name of Lazarus Consulting. It requested that Lazarus explore potential options for the firm, including growth investment or even a full sale of the business. NorthRow...

UK Chancellor Rachel Reeves recently confirmed that Nikhil Rathi was reappointed as the Financial Conduct Authority’s (FCA) chief executive. With his reappointment, Rathi’s second term will now last until 2030. Following his return to the FCA office, Rathi will work...

Albert Saniger, the founder and former CEO of an AI-based tool that promised the ability to automate online shopping checkouts, was charged with fraud due to claims that the process was not automated at all. As it turns out, it...

Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy) recently posted a Bitcoin tracker on X which displayed Bitcoin’s current metrics. The post, made on April 13, was taken by many as a signal that his company is preparing for...

Prime brokerage company LTP recently launched an Over-The-Counter (OTC) trading platform aimed at institutional clients. The platform’s launch represents an important move, as it would offer a better suite of services, thus bridging the gap between digital and traditional finance....

The crypto industry is seeing the development of a legal framework under the Trump administration, which is expected to lead to a dramatic transformation. However, one unusual thing is that it is not driven by lawmakers, but by the judiciary....

Solid, a US-based Banking-as-a-Service (BaaS) platform, recently filed for Chapter 11 bankruptcy protection.  The company’s last valuation placed its worth at $33 million, which was after a Series B funding round that was led by FTV Capital in 2022. At...

The US Securities and Exchange Commission (SEC) recently introduced a new proposal that would see NFT platforms treated in the same manner as their analog securities-exchange and brokerage firm counterparts. However, OpenSea, the largest NFT platform in the industry, decided...

Revolut recently encountered another legal issue, this time in Lithuania, whose central bank slapped the company with a €3.5 million fine after identifying deficiencies in its anti-money laundering (AML) controls. The Bank of Lithuania is in charge of overseeing Revolut’s...

The UK’s Lloyds Banking Group started using Google Cloud and its AI tool known as Vertex AI to accelerate the development of its own AI solutions. Specifically, the bank is hoping to speed up the creation of a new machine...

The US Department of Justice recently sent a memo to its employees in which Deputy Attorney General Todd Blanche stated that the national crypto enforcement team will be disbanded. The decision was effective immediately, and Blanche added that the Department...

The Cyprus Securities and Exchange Commission (CySEC) recently issued another warning to investors, this time listing nine more investment websites that the regulator had blacklisted. According to its warning, all nine were operating without obtaining proper authorization that would allow...