December 27, 2022
US DOJ Investigating Nov. 11 $372M Crypto Hack of FTX
The Department of Justice (DOJ) is reportedly investigating a Nov. 11 crypto hack of FTX. The DOJ has launched a criminal probe into the alleged $372 million cybercrime that happened...
December 27, 2022
Fed Study Shows Healthy Small Businesses Benefited Most From PPP...
Policymakers are tapping PPP loan lessons for future-fit insights into keeping Main Street businesses healthy. Researchers say that analyzing the legacy and impact of the U.S. government’s extraordinary $800 billion...
December 27, 2022
Small Businesses Cite Cross-Border Payment Frictions as Barrier to Growth
Small businesses aiming to expand their eCommerce presence across borders in 2023 may want to keep cross-border frictions top of mind. Whether domestic or international, payments management is resource-intensive but...
December 27, 2022
Crypto Industry Fights for Investor Trust Post-FTX
Still wobbling from the FTX crypto crash, 2023’s cryptocurrency outlook is much shakier than 2022’s. This time last year, cryptocurrencies were poised — and priced — to take over the world. As macro headwinds...
December 27, 2022
Subscription Businesses Aim Tech at Credit Card Chargebacks and Churn
Subscription merchants are turning to tech to help reduce credit card chargebacks that eat up revenue and increase churn. The latest “Subscription Commerce Conversion Index: Subscribers Seek Affordability And Convenience,”...
December 26, 2022
Bankman-Fried Judge Recuses Self Over Potential Conflict
The judge overseeing the case against Sam Bankman-Fried has recused herself, citing a potential conflict. According to court documents filed Friday (Dec. 23), federal judge Ronnie Abrams will step down...
December 26, 2022
Zurich Insurance CEO: Cyberattacks Will Be ‘Uninsurable’
As cyberattacks grow, they will become “uninsurable,” the CEO of Europe’s Zurich insurance said. Speaking to the Financial Times on Monday (Dec. 26), Mario Greco said that cyberattacks could pose...
December 23, 2022
Italian and Albanian Authorities Break Up Crypto Scam Ring
Italian and Albanian authorities have broken up an organized crime group’s crypto scam. The group had stolen an estimated 15 million euros (about $16 million), the European Union Agency for Criminal...
December 23, 2022
Former Alameda Research CEO Ellison ‘Truly Sorry’ for Fraud Offenses
Former Alameda Research CEO Caroline Ellison revealed she is remorseful for her crypto fraud actions. A close collaborator with former FTX CEO Sam Bankman-Fried, Ellison revealed in her recently unsealed...
