FinTech

Crypto firm Ripple gets in-principle payments license in Singapore

Blockchain company Ripple said Thursday it received in-principle regulatory approval to operate in Singapore, in a rare moment of good…

Binance France chief brushed off concerns days before police visit

PARIS — Days before French police visited Binance’s Paris office, the crypto exchange’s top French executive dismissed concerns about U.S.…

Binance to exit the Netherlands after failing to obtain regulatory approval

Cryptocurrency exchange Binance said it will leave the Netherlands after the company’s application to register under the Dutch crypto authorization…

SoftBank-backed digital bank Zopa beefs up executive team with IPO-experienced CTO

LONDON — British digital bank Zopa is beefing up its management team with a couple of senior hires, as the…

‘Is this real?’ JPMorgan court filing shows Frank employees questioned stats before acquisition

Employees of a startup purchased by JPMorgan Chase expressed disbelief when the company’s founder directed them to boost their customer…

Senate Democrats pressure PayPal, Venmo, Cash App over fraud protections

WASHINGTON — Senate Democrats on Thursday urged PayPal and Cash App to better protect users of their peer-to-peer payment applications…

U.S. withdraws new charges in Sam Bankman-Fried case, punts them to 2024

Federal prosecutors asked a judge on Thursday to remove five charges against alleged crypto fraudster Sam Bankman-Fried, including bribery of…

$5 billion fintech Zepz looks to take on rivals like PayPal with digital wallet, M&A plans

LONDON — Zepz, the owner of money transfer firms WorldRemit and Sendwave, is on the hunt for mergers and acquisitions…

Banks are cutting off Binance’s access to U.S. banking system, exchange says

Binance.US customers will no longer be able to use U.S. dollars to buy crypto on the platform as early as June…

Binance U.S. clients have $2.2 billion ‘at significant risk’ after crypto exchange charged, SEC says

The $2.2 billion of U.S. customer assets held by Binance is at “significant risk” of being stolen by founder Changpeng…