Potential approval of a spot bitcoin ETF could be “a rare buy the rumor, buy the fact event,” LMAX Group market strategist says By BEN STRACK Bitcoin rose above $44,000 on Tuesday before dipping below that level early Wednesday and subsequently straddling the price. Analysts expect it could inch higher by the end of the…
By Tony Zerucha· A quarterly report published by integrated app and security platform Wallarm gives granular attention to a little-discussed but critical security concern for fintechs – their APIs. The reports are developed from publicly available sources. Wallarm co-founder and CEO Ivan Novikov said his goal for the reports is to estimate the scope of the threats and to…
By John Mitchell According to the U.S. Small Business Association, small businesses make up 99.9% of the nation’s business landscape. With such a large pool, one would expect that seamless access to financial services would be fairly easy to come by. But that isn’t necessarily the case. In fact, according to Capgemini’s 2022 World Payments…
Solana fell to as low as $8 after the collapse of FTX. It’s now up over 80% in the last 30 days. What gives? By Reza Jafery Solana rallied over 24% during the past 24 hours, hitting $45 at its peak. More impressive: It’s up nearly 80% in the past 30 days. On the face of…
As it couldn’t be any other way, within the cryptocurrency industry there is a growing number of people and community members interested in finances and how to increase their wealth outside the traditional centralized system governed by banks and financial institutions. In this article, we dive into eight cryptocurrencies that have the potential to…
Alex Tapscott, author of the recently published book Web3: Charting the Internet’s Next Economic and Cultural Frontier, takes us through Web3 investment opportunities in today’s Advisors. By Sarah Morton, Alex Tapscott Can Investors Gain Web3 Exposure from The Stock Market? To those who don’t follow new technologies, innovations can sometimes look like overnight success stories. More often,…
By Tom Nawrocki Apple is facing a new class-action lawsuit by users of Venmo and CashApp, who claim that Apple conspired to limit peer-to-peer (P2P) payment options on its devices, and specifically limited crypto payment solutions. According to the complaint, Apple’s agreements limit “feature competition” within P2P payment apps, including prohibiting existing or new platforms from…
Consumers are increasingly gravitating towards BNPL options In an era where financial savvy is synonymous with daily living, Buy Now, Pay Later (BNPL) schemes have revolutionized purchasing dynamics, particularly for substantial acquisitions. Consumer Reports states that these programs increased by a staggering 970 percent between 2019 and 2021, transforming a modest $2 billion industry into a…
Technological advancements and a seismic, if in places incremental, shift towards digitization are transforming B2B payments. And many payments industry insiders believe the innovation-led changes taking place today are a long time coming, trickling down to the B2B ecosystem after years of streamlined payment advances in consumer-facing payment settings. “B2B payments is a very…
“If you look at Ethereum it was faster and cheaper than Bitcoin in the day. Solana is faster and more cost-effective than Ethereum,” Wood pointed out By Stacy Elliott Cathie Wood, CEO of ARK Invest, has recently been vocal about Solana, which has been recently experiencing a huge price rally. In her comments earlier this week,…
The $767 million of net inflows into crypto offerings over the past six weeks surpasses the total seen in all of 2022 BY BEN STRACK Investor funds have continued to flow into cryptocurrency investment products in November, following a significant influx in October. Net flows into crypto-related offerings hit $261 million last week, down slightly…
“You have people talking about bitcoins, about equity, being the safe asset,” El-Erian told CNBC. By Omkar Godbole Bitcoin (BTC) is emerging as a safe haven asset, with the U.S. Treasury bonds falling out of favor in the wake of the Israel-Hamas conflict, according to Mohamed El-Erian, chief economic advisor at German financial services firm Allianz. “You…
Speed and convenience are the name of the game in the consumer checkout experience. However, a checkout experience can quickly turn sour when a customer experiences payment friction. Payment friction is any type of obstacle that prevents a customer from making a final purchase. This can involve a complicated checkout form, few payment options…
Great Britain’s smaller banks are apparently among the largest targets for payment fraud. That’s according to a report issued Tuesday (Oct. 31) by the U.K.’s Payment Systems Regulator (PSR) examining the extent of authorized push payments fraud (APP). “This is the first time we can see at an individual level how well banks and payment firms are dealing with…
By Connie Diaz De Teran Elon Musk has announced plans to convert X (formerly known as Twitter) into an all-inclusive financial hub. At an Oct. 26 meeting, according to reports, Elon Musk and X CEO Linda Yaccarino told employees that new features are set to roll out by the end of 2024. These developments are in…
Following the UK PM Rishi Sunak’s speech on AI yesterday in the lead-up to the highly anticipated AI Safety Summit, industry experts and academics have been reacting to the speech and outlined where they think the UK needs to go in order to safely regulate AI. Dr. Richard Bownes, Principal – AI and ML…
From bitcoin ETFs to institutional interest in stablecoins and tokenized securities, greenshoots are all around. But the coming prevailing narrative for crypto may be very different than during previous boom times. By Ben Schiller Bitcoin is up 28% in the last month. BTC exchange-trade funds (ETFs) are coming sometime soon. Crypto investment funds saw their largest weekly inflows last…
While Bitcoin has been a great buy, many companies built around it are flying even higher this year. By Andrew Throuvalas Bitcoin (BTC) is up 87% this year, even before today’s rally to $31,000, but the asset’s rising tide has lifted public stock for crypto companies to even greater heights. For one, shares in the Grayscale…
No one (other than PYMNTS readers) wakes up thinking about payments or money movement. Rather, it is what’s on the other side of the transaction — typically goods or services — that is top of mind. And it’s across the infrastructure enabling that transaction and helping the end-user secure their good or service where payments…
Crypto trader Michaël van de Poppe says that two events could ignite a massive breakout for Bitcoin (BTC). In a new strategy session, Van de Poppe tells his 161,000 YouTube subscribers that he is watching closely whether BTC can break through key resistance levels. “If you look at Bitcoin at this point, it needs to break through…