Industry news — Page: 3

South Korea's Ministry of Justice has announced plans to establish a crypto-tracking system in 2023 to track money laundering and recover illegal gains.

The new mobile wallet is intended to help banks compete with outside parties like PayPal and Apple. The second half of the year will see its introduction.

As the credit card firm phased out its "agile" work family, Capital One started to remove over 1100 IT employees.

Genesis, a cryptocurrency broker, is apparently preparing to file for bankruptcy, which may happen as soon as this week.

Kris Marszalek, CEO and co-founder of crypto exchange Crypto.com, revealed that the company would reduce its worldwide employment by 20%.

According to the Financial Times, cryptocurrency loan company Genesis owes debtors more than $3 billion

The year 2022 was the year of layoffs. Even large corporations did it. However, Genesis is still doing it at the start of 2023.

The first open finance platform in the Middle East under Central Bank regulation, Fintech Galaxy, located in the UAE, announced the purchase of Underlie.

Fidelity is seeking to trademark metaverse services, including mutual funds and retirement planning, together with a possible NFT marketplace.

According to Group-IB, cybercriminals are exploiting the Godfather Trojan to target users of banking and cryptocurrency exchange applications in 16 countries. This Trojan has infected over 400 apps already.

Lamina1, the metaverse-focused layer 1 blockchain, unveils the L1EF fund to provide Web3 builders with financing to support open metaverse projects.

Secure Trust Bank has teamed with Mastercard to provide consumers with additional options and ease for repaying retail credit via open banking.

Six months after its debut, Bling Europe, a pocket money card and financial education app for kids, has received €3.5 million in startup money.

The expansion of PayPal's crypto service to Luxembourg symbolizes a wider rollout across the European Union.

NVIDIA and Deutsche Bank are joining forces to accelerate the use of artificial intelligence in financial services.

Shares beta testing for cryptocurrency trading began last week across 11 European nations. Here is what to expect from its launch.

Coinbase wallet app will no longer support the four tokens; however, the remaining funds will still be linked to existing addresses.

The new Crypto Life "CL" Card is now available in Europe, thanks to Ledger, the global leader in critical digital asset security, and Baanx, a UK-based Web3 Fintech firm.

Thousands of jobs will be cut at major fintech company FIS. And here's why.

Less than a month after its debut, the former CEO of PayPal and Intuit, Bill Harris, closed his fintech startup Nirvana Money. Let's find out why.

USDA will be the first stablecoin in the Cardano ecosystem to be fully fiat-backed and compliant with regulatory guidelines.

Binance is launching a fund to support the crypto industry. According to Justin Sun, Tron, Huobi Global and Poloniex will support Binance's initiative.

Goldman Sachs and two other companies recently launched Datanomy, a new digital asset classification scheme.

Apple and PayPal have agreed to start accepting each other's payment services. And here is why.