PYMNTS News

Gemini, DCG Face Lawsuit Alleging $1.1 Billion Fraud

Gemini, DCG Face Lawsuit Alleging $1.1 Billion Fraud
Gemini, DCG Face Lawsuit Alleging $1.1 Billion Fraud
October 19, 2023  |  Cryptocurrency

Crypto exchange Gemini and venture capital firm Digital Currency Group (DCG) are facing a lawsuit filed by New York Attorney General Letitia James, alleging the companies defrauded customers of $1.1...

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Ex-FTX Lawyer Testifies Company Falsely Promised Asset Protection
Ex-FTX Lawyer Testifies Company Falsely Promised Asset Protection
October 19, 2023  |  Legal & Regulation

A former FTX lawyer testified that the company had falsely promised institutional customers, including hedge fund Sculptor Capital Management, that their assets would be safe in...

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Circle Launches Tools for Web3 Developers, Smart Contracts
Circle Launches Tools for Web3 Developers, Smart Contracts
October 19, 2023  |  Blockchain

FinTech Circle has announced the beta launch of two Web3 Services products, Gas Station and Smart Contract Platform, aimed at simplifying blockchain experiences for developers...

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Amazon Counters FTC Lawsuit Allegations on Deceptive Practices
Amazon Counters FTC Lawsuit Allegations on Deceptive Practices
October 19, 2023  |  Amazon

Amazon is asking a Seattle judge to dismiss a lawsuit from the Federal Trade Commission (FTC), saying the case “fails in its entirety.”  Get the Full Story Complete...

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Bitcoin ATM Installations Plummet to Two-Year Low
Bitcoin ATM Installations Plummet to Two-Year Low
October 19, 2023  |  Cryptocurrency

The number of bitcoin ATMs worldwide have hit a two-year low. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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CFPB’s New Open Banking Rule Targets Data-Sharing Consistency
CFPB’s New Open Banking Rule Targets Data-Sharing Consistency
October 19, 2023  |  CFPB

The Consumer Financial Protection Bureau’s open banking rule is a rough draft. Get the Full Story Complete the form to unlock this article and enjoy...

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Peloton Faces Declining User Engagement and Challenges Amid Subscriber Concerns
Peloton Faces Declining User Engagement and Challenges Amid Subscriber Concerns
October 19, 2023  |  Subscriptions

Fitness company Peloton is grappling with a decline in engagement, leading to a shrinking user base. Get the Full Story Complete the form to unlock this...

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Truist: 60% of Transactions Are Now Digital
Truist: 60% of Transactions Are Now Digital
October 19, 2023  |  Earnings

Truist says it is seeing a jump in digital engagement as it continues its cost-cutting measures. Get the Full Story Complete the form to unlock this...

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