French luxury house Hermès faces an antitrust lawsuit in California around its Birkin handbags. The suit alleges that Hermès violates antitrust law by “tying” the sale of one item to that of another, as its associates push customers to buy other products to get an...
As direct-to-consumer (D2C) brands look to win customers’ loyalty in an increasingly crowded eCommerce landscape, Grove Collaborative contends that those that can meet more of consumers’ day-to-day needs have a better shot at holding their own against retail giants. Jeff Yurcisin, CEO of the household and personal...
The Ethereum Foundation, a Swiss nonprofit at the heart of the Ethereum ecosystem, is reportedly under investigation by an undisclosed “state authority.” The investigation was disclosed Feb. 26 on the group’s GitHub repository, CoinDesk reported Wednesday (March 20). A commit on the Ethereum Foundation’s GitHub repository, showing a change made...
FinTech startup AutoSettle launched a platform to improve the vehicle-buying process in Australia. The platform is the world’s first virtual settlement exchange for cars and offers instant and secure transactions, according to a Wednesday (March 20) news release. “AutoSettle is set to redefine the landscape of vehicle transactions in...
Under the EU’s Digital Market Act (DMA), which is intended to increase competition in the digital economy, Big Tech innovations — coming from both the U.S. and abroad — are finding themselves reshaped as companies scramble to comply with the new set of regulations which...
NX Technologies raised 22 million euros (about $24 million) in a Series B funding round led by PayPal Ventures. The company will use the capital to strengthen its market position in Germany, expand into new markets in Europe and grow its digital payment management platform for the automotive industry, bezahl.de,...
As financial pressures prompt consumers to make difficult decisions about what they can afford when it comes to luxuries such as diamonds, Signet Jewelers is seeing increased demand for assistance and consultation. The retailer, owner of Kay Jewelers, Zales and Jared, shared on a call with analysts Wednesday (March 20) discussing...
The B2B landscape is a complex and multifaceted, but above all, it is incredibly valuable. There are trillions of dollars in play — representing a total addressable market (TAM) that is multiples of the value of the B2C landscape. Still, given the vast nature of...
Trustly and MoneyGram International have partnered to enable millions of MoneyGram users in Europe to make cardless international money transfers. With the service enabled by this collaboration, users can pay directly from their bank accounts when sending international money transfers through MoneyGram Online (MGO), the companies said...
