Wish Reports 42% Decline in Q2 Revenue, Blames Competition
Wish Reports 42% Decline in Q2 Revenue, Blames Competition
August 03, 2023  |  Retail

The eCommerce giant ContextLogic Inc., better known as Wish, reported a 42% drop in total revenue year-over-year in its second-quarter earnings Thursday (Aug. 3), blaming competition...

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Couple Plead Guilty to Money Laundering After Bitfinex Hack
Couple Plead Guilty to Money Laundering After Bitfinex Hack
August 03, 2023  |  Cryptocurrency

A married couple from New York City have pleaded guilty to money laundering and conspiracy charges stemming from the hack and theft of 120,000 bitcoin...

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Cuba Implements Regulations to Combat Inflation and Off-the-Books Economy
Cuba Implements Regulations to Combat Inflation and Off-the-Books Economy
August 03, 2023  |  Regulation

The Cuban Central Bank has issued new regulations designed to address runaway inflation and the large off-the-books economy that has developed in the midst of...

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PHX Ventures to Invest in Arizona’s High-Growth B2B Software Companies
PHX Ventures to Invest in Arizona’s High-Growth B2B Software Companies
August 03, 2023  |  Commercial Payments

PHX Ventures has announced an over-subscription of its second fund at $25.4 million to invest in Arizona’s high-growth B2B software companies. Get the Full Story Complete...

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Fiverr’s Q2: ‘High-Value Buyers’ and Business Solutions Boost Marketplace Margins
Fiverr’s Q2: ‘High-Value Buyers’ and Business Solutions Boost Marketplace Margins
August 03, 2023  |  Earnings

Fiverr, the Israeli multinational online marketplace for freelance services, released second quarter 2023 financial results on Thursday (Aug. 3), highlighting the positive impact new product launches have...

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Payment Problems Create Headaches for Patreon Creators
Payment Problems Create Headaches for Patreon Creators
August 03, 2023  |  Subscriptions

A pair of seemingly unrelated payment issues are bedeviling Patreon creators and their fans. Get the Full Story Complete the form to unlock this article and enjoy...

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Card-on-File Management Platform Knot Raises $10 Million to Expand Merchant Support
Card-on-File Management Platform Knot Raises $10 Million to Expand Merchant Support
August 03, 2023  |  Credit Cards

Knot has closed a $10 million Series A investment round to grow its application programming interface-based card-on-file management offering. Get the Full Story Complete the form to...

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Digital Dollar Project: CBDCs Can Help the Unbanked
Digital Dollar Project: CBDCs Can Help the Unbanked
August 03, 2023  |  CBDC

Could a central bank digital currency (CBDC) help America’s unbanked population? Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Merchants Accept Digital Wallets but Will Not Invest in Innovation
Merchants Accept Digital Wallets but Will Not Invest in Innovation
August 03, 2023  |  Mobile Wallets

Around the world, merchants large and small have adopted digital wallet payments, but many are now happy with the status quo and not particularly interested...

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