Gift Cards Provide ‘Perfect Exit’ for Criminal Syndicates
Gift cards are reportedly central to billion-dollar Chinese organized crime operations.
As Bloomberg News reported Saturday (Oct. 18), investigators for the Department of Homeland Securit...
Revolut Valued at $75 Billion After $3 Billion Funding Wave
Revolut is reportedly wrapping a $3 billion fundraising effort valuing the FinTech at $75 billion.
The British company has been notifying investors of the allocation of shares they’ll rec...
Fintech Stripe Launches Stablecoin Payments for Subscriptions
Since introducing stablecoin payments, financial infrastructure, and payments processing, Fintech Stripe said that they’ve seen these digital tokens enable the global expansion of some of the faste...
UFS, BankOnIt Announce Community Banking Tech Merger
UFS and BankOnIT, two providers of purpose-built technology for community banks, are merging. By joining forces, the two companies combine deep industry expertise and focus, complementary offerings, a...
Canada Commits $2.1m For Tokenization, Federated Learning Push
Canada has committed more than C$3 million ($2.1 million) over five years to an Industrial Research Chair in Tokenization at École de technologie supérieure (ÉTS), backing work on advanced tokeniza...
Paxos Burns $300T of Excess PayPal PYUSD Stablecoin
Paxos reported earlier this week that it mistakenly minted excess PYUSD as part of an internal transfer. Paxos confirmed that it immediately identified the error and burned the excess PYUSD. According...
