In a decisive move to disrupt the financial arteries of Russia’s wartime economy and international cybercrime, the United Kingdom has levied heavy economic sanctions against Cryptomus, a prolific cryptocurrency payment processor. For years, the platform has operated as a "chameleonic" entity, shifting identities and jurisdictions to facilitate a massive flow of illicit funds tied to…
DUBAI — In a major development bridging traditional finance and the burgeoning digital asset economy, multinational banking giant Standard Chartered has announced the launch of institutional custody services for Ripple USD (RLUSD), the U.S. dollar-pegged stablecoin issued on the XRP Ledger (XRPL). Unveiled by the British bank, the new service is operated through Standard Chartered…
TRENTON, N.J. — In an era where corporate cybersecurity threats are increasingly viewed through the lens of transnational cybercriminal syndicates and foreign state-sponsored actors, federal law enforcement agencies continue to remind the public that one of the most perilous attack vectors often originates from within. Daniel Rhyne, a 59-year-old former core infrastructure engineer residing in…
The global financial system, long reliant on the antiquated, multi-day settlement cycles of correspondent banking, is undergoing a seismic shift. For decades, multinational corporations and SMEs alike have navigated a labyrinthine landscape of friction-heavy cross-border payments characterized by high costs, opaque exchange rates, and agonizingly slow settlement times. Enter Latitude Global, a burgeoning fintech infrastructure…
By PYMNTS October 2, 2026 Main Facts: The Cross-Border Settlement Revolution and Its Hidden Bottlenecks Global manufacturing is standing on the precipice of a financial operational overhaul. Stablecoins—digital assets pegged to fiat currencies—are technically capable of eradicating one of the oldest and most persistent inefficiencies in international trade: the slow, cumbersome, and expensive nature of…
WASHINGTON — Across the United States, a historic surge in capital expenditure is redrawing the economic landscape. Driven in large part by an unprecedented buildout in artificial intelligence (AI) infrastructure, cloud computing hardware, and advanced data centers, U.S. business investment is skyrocketing well above long-term federal projections. Simultaneously, this investment wave is interacting with critical…
By PYMNTS October 2, 2026 Main Facts Financial industry heavyweight BNY (The Bank of New York Mellon) and Payward, the parent company of cryptocurrency exchange Kraken, are currently engaged in high-level discussions regarding a sweeping strategic partnership. According to industry reports breaking Friday, October 2, 2026, the potential collaboration aims to bridge traditional financial market…
By PYMNTS | September 18, 2026 Main Facts While many corporate enterprises struggle to quantify the precise return on investment delivered by their artificial intelligence initiatives, online pet products retailer Chewy has bucked the trend with concrete figures. During the company’s second-quarter earnings call, Chief Executive Officer Sumit Singh announced that Chewy expects artificial intelligence…
By Gabrielle Saulsbery | Sept. 9, 2026 In a landmark move that signals the rapid maturation of the stablecoin economy, Circle Internet Group, the issuer of the USDC stablecoin, announced on Tuesday that it has entered into a definitive agreement to acquire Singapore-based cross-border payments infrastructure firm Tazapay. The all-stock deal, valued at $400 million,…
In a case that has sent shockwaves through the cybersecurity industry and rattled the boardrooms of the world’s most recognizable corporations, a 26-year-old Canadian national has admitted to orchestrating one of the most prolific and consequential cybercrime campaigns of 2024. Connor Riley Moucka, of Kitchener, Ontario—known in the digital underground by the monikers “Judische” and…
