Payments

BTC long-term HODLers hit all-time high as Bitcoiners refuse to sell

Data from Glassnode analyzed by CryptoSlate indicates that long-term Bitcoin holders have hit an all-time high, with a focus on Bitcoin that was previously active...

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Filecoin’s Protocol Labs lays off one-fifth of staff

Protocol Labs has become the latest cryptocurrency company to carry out a mass layoff, according to a Feb. 3 report from Forbes.The company reportedly...

CFTC commits to regulating crypto products that are not securities

The U.S. Commodity Futures Trading Commission (CFTC) committed to regulating crypto tokens not classified as securities during a conference on Feb. 3.CFTC chairman Rostin...

Apple cloud, payments revenue doubles in Q1

Apple reported revenue records for cloud and payment services as the tech giant prioritized privacy and security through enhanced product offerings for sensitive data...

Amazon posts 14% growth in AWS revenue

Commerce giant Amazon posted lower-than-expected income in the fourth quarter but saw solid year-over-year growth within its cloud platform, Amazon Web Services.  WHY IT...

London payments firm moves $1B a month despite ‘red flags’

In the space of just five years, a little-known company on the outskirts of London has grown into a payments-industry powerhouse, processing more than...

NextGen Nordics 2023: Back and better than ever

Finextra will be back in Stockholm to bring the new world of Nordic banking to life for the NextGen Nordics 2023 conference on...

Marathon reports 45% increase in BTC production in January

U.S.-based mining company Marathon Digital mined 687 Bitcoin (BTC) and sold 1,500 BTC in January, according to its monthly status report.Marathon’s January production marks...

Damus mobile app banned in China

Decentralized social network application Damus has been banned from operating in mainland China, over concerns that its app includes content that is illegal in...

India’s biggest retailer trials digital rupee

India's CBDC plans have taken a step forward with news that the country's largest retailer, Reliance Retail, has agreed to start accepting digital...

Fintech Funding: Treasury Prime secures $40M

Total fintech funding and number of deals fell last year amid rising inflation and interest rates following a digitally transformative 2021 in the wake...

FIS’s job cuts reach 2,600 as fintech giant’s review continues

Fidelity National Information Services Inc. has so far eliminated 2,600 staffers as new Chief Executive Officer Stephanie Ferris continues her strategic review of the...

Wells Fargo CTO joins Bank Automation Summit US 2023

Steve Hagerman, chief technology officer at Wells Fargo, will join the panel discussion “Solving data expandability issues through cloud” at the Bank Automation Summit...

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