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Binance and Kraken were reportedly targeted in a social engineering cyberattack.
As Bloomberg News reported Friday (May 16), the hacking attempts were similar to the one revealed last week by fellow cryptocurrency exchange Coinbase.
Sources told Bloomberg both Binance and Kraken were able to repel the attacks without customer data being compromised. PYMNTS has contacted both companies for comment...
Capital One will reportedly pay $425 million to settle a lawsuit accusing it of cheating savings account depositors.
That’s according to a report by Reuters on Friday (May 16), citing court documents. The proposed settlement comes amid similar litigation against Capital One by New York State, and as the banking giant finalizes its merger with Discover.
Customers had sued Capital One, accusing the...
He’s got a wallet thicker than a FinTech unicorn’s pitch deck, a portfolio more diversified than a payments processor’s API, and a love for all things money that borders on the obsessive. So, what on Earth do you get the dad who’s already cornered the market on cufflinks and commemorative coins?
Father’s Day is upon us, and for those with dads whose hearts beat to the rhythm of the closing bell,...
The Federal Reserve plans to cut its workforce by about 10% “over the next couple of years” amid a periodic review of its staffing levels, Federal Reserve Chair Jerome Powell told Fed staff in a memo obtained by PYMNTS.
In the memo, Powell said offers of voluntary deferred resignations to some Board staff will be part of the reduction.
“I have directed the leadership of the Federal Reserve, here...
Anthropic received a $2.5 billion, five-year revolving credit facility earlier this week to pay for upfront costs as demand for artificial intelligence ratchets up.
The credit facility adds to Anthropic’s momentum following its March funding round, which valued the company at $61.5 billion, CNBC reported Friday (May 16). The funding will support the company’s rapid expansion and efforts to...
Walmart is gearing up for a shift in consumer behavior as artificial intelligence begins to take a more active role in how people shop.
The retail giant is exploring how to make its products not only attractive to human buyers but also to autonomous AI agents that may soon handle shopping tasks on behalf of consumers, The Wall Street Journal (WSJ) reported Thursday (May 15).
These AI-powered bots...
Apple and Epic Games are reportedly sparring over Apple’s denial of Epic Games’ resubmission to place its game Fortnite in the App Store.
Epic Games said Friday that its resubmission was denied by Apple, while Apple responded that it did not remove the game from alternative distribution marketplaces, CNBC reported Friday (May 16).
The Fortnite account said in a post on X: “Apple has blocked our...
Canadian FinTech company Nuvei has joined the European Payments Initiative (EPI) and plans to enable eCommerce businesses to accept EPI’s digital wallet, Wero, in their online checkouts.
Nuvei will begin pilot programs this month and expects to make this capability generally available for merchants in September, the company said in a Thursday (May 15) press release.
“By integrating Wero into our...
In a fiercely competitive food industry dominated by multinational conglomerates, Newman’s Own is turning to generative artificial intelligence (AI) to level the playing field.
“We’re in the ultra-competitive CPG (consumer packaged goods) food space — and we’re a small company,” said David Best, CEO of Newman’s Own, in a video about its AI transformation. “We have 50 people, and we don’t have the...
Consumer gloom is not quite at historic levels — but it’s awfully close.
Households are worried about inflation, about their own pressured finances as incomes and purchasing power weakens. They’re worried about tariffs.
The University of Michigan’s preliminary May reading on consumer sentiment, released Friday (May 16) came in at 50.2, down from 52.2 in April, and now is at the second lowest...