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Source: pymnts.com

Beanstalk’s Dollar Peg Collapses After $180M Hack, Highlighting Regulators’ Fears

Beanstalk’s Dollar Peg Collapses After $180M Hack, Highlighting Regulators’ Fears
Beanstalk’s Dollar Peg Collapses After $180M Hack, Highlighting Regulators’ Fears
April 18, 2022  |  Cryptocurrency

At 8:19 a.m. on Sunday (April 17) the BEAN stablecoin was $1.01, well within the norm for its dollar peg. Get the Full Story Complete...

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PYMNTS Data: 23% of Americans Owned Crypto in 2021 as Processors Stepped up Support
PYMNTS Data: 23% of Americans Owned Crypto in 2021 as Processors Stepped up Support
April 18, 2022  |  Cryptocurrency

As the percentage of Americans who own or have owned cryptocurrency in the past year closes in on the 25% mark, it’s becoming clear that...

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WSFS Bank Launches $3M Down Payment Grant Program
WSFS Bank Launches $3M Down Payment Grant Program
April 18, 2022  |  Financial Inclusion

WSFS Bank, the primary subsidiary of WSFS Financial Corporation, launched the WSFS Down Payment Grant Program on Monday (April 18), which will offer grants of...

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Shanghai Regulator Warns eCommerce Platforms Against Pandemic Price Gouging
Shanghai Regulator Warns eCommerce Platforms Against Pandemic Price Gouging
April 18, 2022  |  Regulation

Shanghai’s market regulator has summoned a dozen eCommerce firms, including food delivery platforms Meituan and eleme.me, to discuss a range of topics including price gouging...

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Millennial Buyers Are Driving Force Behind B2B Digitization
Millennial Buyers Are Driving Force Behind B2B Digitization
April 18, 2022  |  B2B Payments

The B2B space’s steady trend toward digitization is continuing, with a growing share of interactions between B2B buyers and sellers taking place digitally. Get the...

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Report: UK Encryption Startup Arqit Overstates Its Outlook
Report: UK Encryption Startup Arqit Overstates Its Outlook
April 18, 2022  |  Cybersecurity

The viability of U.K. cybersecurity startup Arqit’s proposed approach to encryption technology is overstated, The Wall Street Journal reported on Monday (April 18), citing unnamed...

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Data Point: Nearly 25% of Consumers Verifying Digital Account Access Via Multiple Devices
Data Point: Nearly 25% of Consumers Verifying Digital Account Access Via Multiple Devices
April 18, 2022  |  Digital Banking

How we access banking services is undergoing seismic change, with PYMNTS research finding that nearly 70% of bank account holders use online accounts, and almost...

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Philippine BNPL Firm BillEase Raises $20M Debt Facility
Philippine BNPL Firm BillEase Raises $20M Debt Facility
April 18, 2022  |  BNPL

Philippines-based buy now, pay later (BNPL) startup BillEase has secured a $20 million debt facility from emerging market credit provider Lendable that it will use...

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Streaming Subscriptions Decline in UK as Inflation Mounts
Streaming Subscriptions Decline in UK as Inflation Mounts
April 18, 2022  |  Subscriptions

Households in the U.K. are dropping steaming services in record numbers as runaway inflation eats away at already strained budgets, according to media reports on...

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