News
Stay up to date with the latest news in fintech, crypto, and digital finance. Our News section delivers concise, insightful coverage of market developments, funding rounds, regulatory updates, and innovations shaping the financial technology landscape.
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BitMine Boosts Ethereum Holdings Despite Market Volatility
BitMine Immersion Technologies, a corporate leader in Ethereum holdings, recently expanded its digital assets. The company bought 54,937 ETH, which roughly equals $237 million. This substantial investment cements BitMine’s global standing as the top corporate Ethereum holder. This acquisition pushes BitMine’s total Ethereum holdings past 1.86 million ETH. Consequently, the company’s digital treasury now values…
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Revolut Hires Ex-Societe Generale CEO for Western Europe Expansion
Digital bank Revolut recently pledged to expand its Western Europe operations. As part of this commitment, they’ve enlisted Frédéric Oudéa, former CEO of Societe Generale. He will chair their newly established Western Europe operation. This strategic move signifies Revolut’s intention to compete with traditional banks in the region. The decision to hire Oudéa highlights Revolut’s…
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U.S. Bank Unveils Payroll Service for Small Businesses
This week, the American banking giant, U.S. Bank, rolled out a new service, U.S. Bank Payroll. Designed to aid small business owners, this solution integrates payroll tasks into regular online banking activities. U.S. Bank Payroll brings a suite of features to simplify the payroll process and lighten administrative load for small businesses. It includes automatic…
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74% of US Student Loan Borrowers Fear Repayment, Says AICPA
A recent survey by The American Institute of CPAs (AICPA), carried out by The Harris Poll, shows that roughly 74% of Americans with personal student loans worry about repayment. This data underscores the growing anxiety among borrowers amidst unstable economic conditions. The August survey vividly depicts the stress many borrowers currently face. Given the pandemic’s…
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Ondo Finance and Alpaca Team Up to Tokenize US Stocks
In a noteworthy step towards democratizing financial market access, Ondo Finance and Alpaca have unveiled a strategic alliance. The goal? Tokenizing U.S. stocks and exchange-traded funds (ETFs). This partnership highlights the escalating interest in tokenization as a means to broaden market accessibility. The alliance between Ondo Finance and Alpaca marks a significant shift in the…
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Trade Policy Causes China-US Shipping Rates to Plummet
Recent data from the ABA Banking Journal reveals a substantial drop in China-U.S. West Coast spot rates. These rates have plunged by 68% since June, suggesting an unexpectedly early and abrupt peak season. This significant decline in shipping rates is mainly due to the current, volatile trade policy environment. This drastic fall in spot rates…
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Revolut Bolsters Position with Share Buyback and Google Cloud
Revolut, a digital bank, recently announced a series of strategic moves to strengthen its global financial services presence. These moves include launching a share buyback programme and extending its partnership with Google Cloud. Interestingly, these developments coincide with the company’s decision to delay its transition to a publicly traded entity. The share buyback programme allows…
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Fintech Startup Ramp Surpasses $1bn in Annual Revenue
Marking a significant financial milestone, Ramp, a six-year-old fintech startup, has reportedly exceeded $1 billion in annualized revenue by the end of August 2025. This achievement cements the company’s position as a key player in the corporate finance sector. This accomplishment closely follows a valuation that pegged Ramp at an impressive $22.5 billion. This showcases…
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Bank of Ireland Unveils ATM Upgrade and Fraud Awareness Drive
The Bank of Ireland continues to prioritize customer service and security. The bank recently unveiled significant advancements in its ATM upgrade programme, fraud awareness initiative, and consumer spending trends. These steps highlight the bank’s commitment to modernizing its infrastructure and safeguarding its customers. The ATM upgrade programme is a crucial move towards modernizing the bank’s…
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SEC Shifts Focus to Foster Market Innovation
The Securities and Exchange Commission (SEC) recently unveiled a significant shift in their rulemaking strategy. This change, hailed as a “new day” for the agency, comes after enduring criticism for perceived neglect and ambiguous policies. The SEC’s refocused attention is set to promote efficient markets and capital formation. In response to criticism, the SEC pledges…
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Nubank Introduces Gigabyte Reserve and Flexible Payments
Nubank (NYSE: NU), a leading digital bank, recently unveiled exciting updates to its mobile service, NuCel. The bank is rolling out a new Gigabyte (GB) Reserve feature, offering customers peace of mind and extra perks. Additionally, NuCel payments have become more flexible. The GB Reserve feature is Nubank’s latest innovation. It lets customers store unused…
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OnePay Expands Services with Launch of Wireless Offering
Fintech startup OnePay, majority-owned by retail mammoth Walmart, recently broadened its services. The firm is transitioning into an all-in-one “super app” and has rolled out its own branded wireless service, OnePay Wireless. This move signifies a crucial phase in the company’s growth. Introduced this month, OnePay’s latest service is accessible through its app. This step…
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DTCC Submits Rule Filing for Innovative Collateral Service
The Depository Trust & Clearing Corporation (DTCC) recently made a significant announcement. Reflecting its commitment to technology, security, and client service, the company submitted a rule filing via its Fixed Income Clearing Corporation (FICC) subsidiary. Currently, the Securities and Exchange Commission (SEC) is reviewing this filing. It seeks approval for a new, innovative service called…
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Thunes and Ripple Expand Partnership to Boost Global Payments
Thunes and Ripple, global fintech firms, are working to enhance worldwide cross-border payments. Thunes, known as the “Smart Superhighway” for international money transfers, along with Ripple, a leading digital asset infrastructure provider, are looking to expand their current partnership. They aim to revolutionise cross-border money transfers. Since its establishment in 2020, the collaboration between these…
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PayPal Partners with Perplexity for AI-Powered Browsing
PayPal (NASDAQ: PYPL) recently unveiled significant advancements, reflecting its ongoing commitment to integrating digital technology into its payment ecosystem. On September 3, 2025, it announced a strategic alliance with Perplexity. This partnership expands the services available to PayPal and Venmo users. This alliance grants users early access to Perplexity’s AI-driven Comet browser, which comes with…
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Tether Adopts Bitcoin’s RGB Protocol in Strategic Shift
Tether, the issuer of USD₮ (USDT), the top global stablecoin, recently unveiled significant changes to its blockchain strategy. Announced on August 29, 2025, these alterations highlight a forward-thinking approach aimed at boosting scalability, privacy, and user accessibility in the web3 and digital assets space. The company made this announcement amid a swiftly changing digital environment…
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Tech-Savvy Students Demand Better Digital Identity Protections
Jumio, a leading regtech firm specializing in AI-driven identity intelligence and biometric authentication, recently shared findings from its 2025 Online Identity Study. The study reveals a significant shift in digital identity protection attitudes among today’s tech-savvy students. This change is due to the rise in online learning and digital platforms, prompting students to demand stronger…
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Bitcoin Hits New All-Time High of $124,290 in Surprise Surge
Again, the cryptocurrency market bustles with activity. The undisputed market cap and global adoption leader, Bitcoin (BTC), has set a new all-time high (ATH). Bitcoin’s price soared to an astounding $124,290.93 on August 14, 2025, capturing global investor and analyst attention. This surprising climb, happening 68 days earlier than expected, leaves many in the crypto…
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Cloudflare Security Breach Causes Global Concern
The global web-infrastructure and website security leader, Cloudflare, recently experienced a significant security breach. The company, operating in numerous countries and serving a diverse client base, has notified its customers. They’ve advised them to be on the lookout for possible unauthorized intrusions due to the data breach. Cloudflare’s services, crucial to businesses worldwide, optimize and…
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Republic Launches Mirror Tokens for SpaceX Shares
Republic recently announced the launch of Mirror Tokens, representing shares in SpaceX. This marks Republic’s first tokenized secondary offering, ushering in a new era of tokenized securities offerings. These Mirror Tokens symbolize shares in private firms, presenting a novel investment method. This latest offering from Republic signifies a shift in its operations, broadening the spectrum…