“Is Qonto a real bank?” is one of the top suggested questions in Google searches about the French fintech startup. The answer is no, but it could change: Qonto has filed for a banking license in France, CEO Alexandre Prot revealed. Qonto, which targets European freelancers and SMBs, currently operates with a payment institution license…
According to local media, this may be the largest hack ever perpetrated against the Brazilian banking system. Attackers leveraged USDT and bitcoin to cash out through exchanges and crypto institutions, using instant payment systems such as Pix. Brazilian Banking System Exploited: Attackers Cash out Using Crypto The Brazilian banking system has faced what might be…
XRP crypto bulls are targeting $3. Ripple, the issuer of RLUSD stablecoin, has submitted an application to the OCC for a national banking license. Yesterday, XRP crypto surged, closing above $2.20 and extending gains initiated on June 23. At this pace, XRP ▲4.02% not only solidified its position as one of the best cryptos to…
Ripple’s move to secure the federal banking status show the signal of a strategic push for institutional legitimacy and deeper financial integration. Short-term XRP gains show investor optimism, however long-term impact depends on regulatory progress and adoption by U.S. banks. Following previous Crypto News Flash (CNF) coverage on Ripple eyeing the 14% of SWIFT’s trillions…
SAVE $100: As of July 3, the Apple Watch Series 10 is on sale for $299 at Amazon — down from $399. That’s 25% off the list price. If you’ve been holding out for a truly great Apple Watch deal, your patience just paid off. The Apple Watch Series 10 has dropped to $299 at…
The premise is driven by Treasury Secretary Scott Bessent’s agenda to engineer a liquidity injection that resembles past Federal Reserve interventions, said Hayes in a lengthy blog post on July 3. However, this will be done via financial innovation and regulatory tweaks, not overt money printing, he added. Bessent is “done getting fluffed,” and it’s…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Blockchain payment company Ripple, is making another major move with its recently announced pursuit of a national bank charter in the United States, a move that its CEO, Brad Garlinghouse, unveiled on social media. National Bank Charter And Fed Master Account According…
Hydrow rowing machines transformed the at-home fitness market when they launched in 2017. With their full-body low-impact training methods, Hydrow makes it easier to hit your fitness goals without leaving the house. The flagship Hydrow Pro is their most advanced model, but we also recommend the Hydrow Wave Rower for those with limited space. Both…
Hut 8 Corp announced on July 2 that its subsidiary, Far North Power Corp, has secured five-year capacity contracts with the Ontario Independent Electricity System Operator (IESO). Hut 8 Joint Venture Entity Wins IESO Auction The energy infrastructure platform Hut 8 Corp announced on July 2 that its entity Far North Power Corp has secured…
Australian billionaire Tim Heath escaped a planned abduction in Estonia after a group of attackers attempted to extort his digital assets in a coordinated operation. According to local media, Heath had to physically fight off his attackers during the ambush, biting through one assailant’s finger to break free and retreat to safety. Heath, a long-time…
