FintechDaily – Page 219 – Fresh Dose of Fintech News

Bybit Wallet Breach Results in $1.4 Billion in Stolen ETH

Crypto exchange Bybit has reported that hackers have stolen nearly $1.5 billion in Ethereum (ETH) from one of its cold wallets. In a post on...

Regulator Claims Bankrupt Crypto Lender Celsius Deceived Investors

Bankrupt crypto lender Celsius Network has been accused of making "false and misleading claims" regarding its "financial health and compliance with securities laws," according to...

Mastercard Launches One Credential for Versatile Checkout Options

Mastercard is introducing One Credential, a single digital credential that offers consumers and businesses a range of scheduled payment options, including debit, installments, prepaid, and...

Singapore Sees Significant Rise in Mobile Wallet Scams

The Singapore Police Force has issued a warning regarding an increase in scams involving phished card credentials and mobile wallets. Between October 1 and December...

Freetrade Initiates Crowdfunding Campaign

The day after news broke about the collapse of a funding round for Freetrade earlier this year, the UK stock trading app launched a new...

ECB Explores DLT-Enabled Settlements in Central Bank Currency

The European Central Bank (ECB) is exploring options for settling transactions based on distributed ledger technology (DLT) using fiat currency. To address this, the ECB...

Chase to Limit Zelle Transactions Originating from Social Media

Chase has informed its customers that it will begin blocking payments to social media contacts via the Zelle P2P network due to concerns about fraud....

UK Government Releases Tender for Integrating Open Banking into Gov.UK Pay

The UK government is inviting bidders for a £49 million contract to integrate open banking technology into the Gov.UK Pay payments platform. Gov.UK Pay is...

Swift Launches Blockchain Pilot Project for Corporate Actions Data

Interbank co-operative Swift is collaborating with Symbiont and seven securities firms to test a blockchain-based corporate actions system. The pilot will leverage Symbiont’s proprietary technology...

Apple and Google Undergoing Scrutiny for Competition in UK Digital Wallet Market

Amid growing concerns regarding the dominance of Big Tech in the digital wallet space, UK financial regulators have announced their intention to support the Competition...