January, 2025

January, 2025

Amazon Closes Operations in Quebec, Laying off 1,700 Workers
Unions had gained a foothold in one of the company’s warehouses in the province, though Amazon would not say if there was a connection....

Memecoin Explosion on Solana Overwhelms Coinbase – Brian Armstrong Says Firm Not Expecting ‘This Level of Surge’
Coinbase founder and CEO Brian Armstrong says the latest memecoin frenzy is overwhelming the top US-based crypto exchange. Armstrong acknowledges that Solana is experiencing transactional delays on Co...

Government Sanctions on Tornado Cash Reversed by U.S. Courts in Landmark Ruling
A new court ruling has reversed the sanctions placed on crypto mixer Tornado Cash (TORN) by the US government. According to a recent filing by the New Orleans-based U.S. Court of Appeals for the Fifth...

UK’s FCA Charts Path From Open Banking to ‘Open Finance’
Open banking’s roots lie with the United Kingdom, where PSD2, a decade ago, gave a tailwind to banks’ “opening” their data to third-party providers. As noted in a PYMNTS interview with Marion ...

Dutch Government Wants to Halt BNPL Rollout in Brick-and-Mortar Stores
The Dutch government reportedly wants to stop the rollout of buy now, pay later (BNPL) in the country’s brick-and-mortar retail stores. Finance Minister Eelco Heinen said in a letter to parliament ...

Coinbase Asks Court to ‘Clear Away Cloud’ Over Cryptocurrency Market
Coinbase reportedly asked the U.S. Court of Appeals to rule that the trading of crypto assets on its platform are not securities transactions, but asset sales. The company said this in a petition to t...

Scams Leading to Increased Losses in the UK, Canada, US, while Australian Losses are Down Significantly – Report
Westpac has released new data revealing the effectiveness of Australia’s scam prevention efforts. The new analysis conducted by BDO compared Australia, the United Kingdom (UK), Canada and the United...

Bitcoin Mining Firm Riot Platforms Launches Evaluation of AI/HPC Uses for Remaining 600 MW of Power Capacity
Riot Platforms (NASDAQ: RIOT) has recently launched a formal evaluation of potential AI/HPC uses for remaining 600 MW of power capacity at its Corsicana facility. Riot Platforms says that it has engag...

KKR Reportedly Eyeing Sale of Stake in Philippine Fintech Major Maya
Global investment firm KKR has enlisted Goldman Sachs to facilitate the sale of its significant minority stake in Philippine fintech company Maya, according to a Reuters report that cited two sources ...

Former SEC Attorneys Comment on New Crypto Task Force
This past week, the Securities and Exchange Commission (SEC) announced a new Crypto Task Force established with the mission of creating a regulatory framework for digital assets. After years of r...

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B&T Television

April