Select altcoins are showing strength and if Bitcoin price perks up a fast paced, market-wide rally could occur. The People’s Bank of China (PBoC) is rumored to be working with food delivery giant Meituan Dianping and ride-hailing application DiDi to test the digital yuan. Currently, Meituan Dianping is estimated to have more than 435 million […]
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Chainlink overshot the previous bullish target hitting a new all-time high of $8.40, but how much higher can LINK price really go? As Bitcoin (BTC) price continues to trade in a tightening range, the altcoin market has been pushing higher each week, and the most recent surge has come from Chainlink (LINK). After breaking above […]
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A temporary nuisance for crypto debit card holders, the Wirecard debacle reminds the public of the problems blockchain technology was designed to fix. Some of the most impactful frauds in modern history, from the Enron scandal to the Bernie Madoff investment scheme, were carried out by malignant actors inside or at the helm of corporate […]
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Crypto.com and TenX’s crypto debit cards are usable again as U.K. regulators allow Wirecard to resume “regulated activity.” Wirecard-issued crypto debit cards from companies like Crypto.com and TenX have been reactivated following permission from the United Kingdom’s Financial Conduct Authority, or FCA. On 29 June, the U.K. watchdog allowed Wirecard Card Solutions, a Newcastle-based subsidiary […]
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Bulls need to flip the $9,200-$9,500 resistance zone to support in order to clear a path back to $10,000. Bitcoin (BTC) price showed a bit of strength by briefly pushing to $9,235 as the daily close occurred but at the time of writing the top-ranked digital asset on CoinMarketCap is trading below the $9,200 resistance. […]
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Shareholders in German fintech Wirecard are taking legal action against Big Four auditor EY in the fallout from the scandal now engulfing the company. Shareholders in German fintech Wirecard are taking legal action against Big Four auditor EY in the fallout from the scandal now engulfing the company. Earlier this month, the auditor had refused […]
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Wirecard’s subsidiary that is responsible for issuing debit cards has been suspended as the company can no longer access customer funds. Wirecard’s subsidiary responsible for issuing debit cards, Wirecard Card Solutions Ltd., has been suspended by the United Kingdom’s Financial Conduct Authority, or FCA. According to a statement issued on June 26 by the regulator, […]
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The CEO of Wirecard, who resigned recently, was arrested by German police under accusations of conspiring to inflate assets and revenue to entice investors. The former chief executive officer of Wirecard, a German fintech company, has been detained by Munich police after being charged with misrepresenting the company’s balances. As reported by Reuters and many others, […]
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Crypto.com joined over 40 finance and technology firms by becoming a member of the Open Payments Coalition. Cryptocurrency debit card firm Crypto.com is now a member of the Open Payments Coalition, alongside more than 40 other finance and technology firms. According to a June 18 announcement, admittance to the Open Payments Coalition will add Crypto.com’s […]
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A German fintech company responsible for several crypto debit cards, including Crypto.com’s, allegedly misrepresented over $2 billion in cash reserves. Major fintech company WireCard, which issues Crypto.com’s debit cards, has fallen into controversy as some of its employees appear to have defrauded the company. As reported by the Financial Times on June 18, auditors from […]
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