Daily News

Good morning! As the trial of FTX's disgraced founder Sam Bankman-Fried enters its second week, I'll start todays news update with two related crypto stories: The same chaotic day FTX declared bankruptcy, someone began stealing hundreds of millions of dollars from its coffers. FTX's

Good morning! In a vital financial maneuver, UK "challenger" bank Metro Bank has secured its future amidst unsettling reports and share slumps by acquiring £325m in new funding and refinancing £600m of its debt. Jaime Gilinski Bacal, the Colombian billionaire, becomes a pivotal player, holding a 52% stake

Happy Monday! PayPal faces a class-action lawsuit led by law firm Hagens Berman, accusing it of anti-competitive practices through its anti-steering rules against more economical payment platforms, such as Stripe and Shopify. The suit alleges that PayPal's merchant agreements, which inhibit merchants from offering cheaper payment alternatives or

TGIF! 😉 Telegram is on a trajectory to transform into a decentralized super app, reminiscent of China's WeChat, by enabling third-party developers to create mini apps within its platform through a strategic alliance with The Open Network (TON) Foundation and Tencent, WeChat’s parent company. This partnership is not

Good morning FinTech Fanatic! Today, I have a lot of digital banking news for you: First, Revolut has resolved an ownership structure issue with its largest investor, SoftBank, marking progress towards securing a long-pending UK banking license.  The Bank of England (BoE) demanded that Revolut simplify its share structure, collapsing

Just a year ago, Bankman-Fried occupied a $40 million penthouse in the Bahamas, overseeing a crypto empire then valued at a staggering $32 billion.  Today, he is entwined in what the U.S. government deems one of the largest financial frauds in the nation's history. Sam Bankman-Fried, the