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Founder of My Big Coin Convicted of Fraud
Founder of My Big Coin Convicted of Fraud
July 22, 2022  |  Cryptocurrency

A federal jury has convicted the founder of cryptocurrency company My Big Coin of cheating investors out of more than $6 million by selling them...

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Market Forces Driving Down Fees as eCommerce Becomes Increasingly International
Market Forces Driving Down Fees as eCommerce Becomes Increasingly International
July 22, 2022  |  Cross-border Payments

As PYMNTS discusses in the Cross-border Retail Payments Tracker, eCommerce merchants increasingly recognize the importance of catering to international customers. Get the Full Story Complete...

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Report: FTX and Bithumb in Acquisition Talks
Report: FTX and Bithumb in Acquisition Talks
July 22, 2022  |  Cryptocurrency

Crypto-trading platform FTX and crypto-trading platform Bithumb are in advanced discussions that could lead to FTX buying the South Korean company, Bloomberg reported. Get the...

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Africa’s BEAC Could Launch Common Digital Currency
Africa’s BEAC Could Launch Common Digital Currency
July 22, 2022  |  Africa

The Bank of Central African States (BEAC), which serves Cameroon, Gabon, Chad, the Republic of Congo, Equatorial Guinea and the Central African Republic (CAR), could...

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African Payments Solution Bizao Raises $8.2M for Regional Expansion
African Payments Solution Bizao Raises $8.2M for Regional Expansion
July 22, 2022  |  Africa

Pan-African payment solutions provider Bizao announced an 8 million euro ($8.2 million) series A funding round Thursday (Jul 21). Get the Full Story Complete the...

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PayMate Integrates Utility Payments Using Credit Cards
PayMate Integrates Utility Payments Using Credit Cards
July 22, 2022  |  B2B Payments

Business-to-business (B2B) payments and services provider PayMate India Limited is launching a new solution on its platform that integrates utility bill payments using Visa and...

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French Digital Bank Qonto to Acquire Penta
French Digital Bank Qonto to Acquire Penta
July 22, 2022  |  Acquisitions

Qonto, the French digital bank for small businesses and freelancers, on Friday (July 22) announced its intent to acquire German rival Penta. The purchase price...

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Former Obama Press Secretary Jay Carney Joins Airbnb
Former Obama Press Secretary Jay Carney Joins Airbnb
July 22, 2022  |  Personnel

Jay Carney, former press secretary for President Barack Obama and Amazon executive, is joining Airbnb as the company’s global head of policy and communications. Get...

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China’s Tencent to Shut Down NFT Platform
China’s Tencent to Shut Down NFT Platform
July 22, 2022  |  Cryptocurrency

China’s Tencent Holdings is preparing to close down its year-old non-fungible token (NFT) platform, an apparent victim of a government ban on secondary digital collectible...

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