News

Security & Fraud
Betting Big, Hacker Risks $3M to Con DeFi Lending Protocol out of $15.6M
April 04, 2022

A hacker who gambled $3 million that a decentralized finance (DeFi) protocol was exploitable hit the jackpot over the weekend, coming away with a tidy $12.6 million profit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Investments
London’s Growth Kitchen Debuts With $3.9M Investment
April 04, 2022

London-based Growth Kitchen, a FoodTech startup that builds satellite kitchen networks, announced it received £3 million ($3.9 million) in seed funding Friday (April 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Fintech Investments
 Budget Insight Raises $35M in Funding
April 04, 2022

Budget Insight, the Paris-based FinTech, announced it has received $35 million (€31 million) in funding Monday (April 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Security & Fraud
Digital Fraud Tracker: Crypto Scams Increased in UK Last Year
April 04, 2022

The U.K.’s Financial Conduct Authority (FCA) was busy in 2021 when it came to keeping the cryptocurrency space safe, not only fighting off money laundering efforts in the sector but also tracking an increase in scams that targeted consumers who use digital currency. Get the...

Retail
Hypebeast’s Star-Studded SPAC Deal Set to Roil Sneaker and Streetwear Markets
April 04, 2022

Even if you have no interest in sneaker culture or the red-hot streetwear trend that is simultaneously dominating the fashion, apparel, footwear industries, it’s probably a good time to familiarize yourself with Hypebeast. Get the Full Story Complete the form to unlock this article and...

Retail
Birkenstock Pressures Retailers, Suppliers Not to Stock Look-Alike Shoes
April 04, 2022

Sandal maker Birkenstock is pushing retailers to pull similar styles from other brands from their shelves in their brick-and-mortar locations and online stores — and some have begun to comply with the request, according to sources and emails cited by The Wall Street Journal Monday...

Banking
JPMorgan’s Dimon: Competition Between Banks and FinTechs Is ‘Intensifying’
April 04, 2022

There are few certainties in the world — but among them, as noted by Jamie Dimon, CEO of JPMorgan Chase, in his annual letter to shareholders: Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Retail
Mattel Launches MEGA BLOKS CarbonNeutral Green Town Line, 99% Recycled Matchbox Tesla Roadster
April 04, 2022

Toymaker Mattel, Inc. on Monday (April 4) took another step forward in its sustainability efforts with the launch of a MEGA BLOKS Green Town line of products and the release of a Matchbox Tesla Roadster that’s made from 99% recycled materials, according to a company...

Retail
UK Clothing Retailer Ted Baker Now Open to Sale
April 04, 2022

One week after declining a pair of takeover offers from an American private equity investor, British fashion retailer Ted Baker said it’s ready to consider a sale. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...