Category: Industry Insights
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The Bitcoin Halving: What to Expect, What It Means, Why It Matters
As the cryptocurrency world anticipates the upcoming 2024 Bitcoin halving event, it’s important for merchants, investors, and enthusiasts to understand its potential impact on the market. The halving, a significant milestone in the Bitcoin protocol, has historically influenced the price, mining profitability, and overall sentiment surrounding the world’s first and most prominent cryptocurrency. Start accepting…
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Nuvei to Go Private in $6.3B Buyout Deal Led by Advent International
In a major shakeup for the fast-growing fintech sector, Nuvei Corporation (NASDAQ: NVEI, TSX: NVEI), a leading Montreal-based payment technology provider, has agreed to be taken private by Advent International and existing Canadian shareholders in an all-cash deal valued at approximately $6.3 billion USD. As one of Canada’s most prominent fintech companies, Nuvei has made…
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Sam Bankman-Fried Sentenced: Lessons for Crypto Businesses in the Wake of the FTX Collapse
The crypto world was rocked by the stunning collapse of FTX, one of the largest cryptocurrency exchanges, and the arrest of its co-founder, Sam Bankman-Fried. The 30-year-old billionaire, once hailed as a visionary and philanthropist, now faces charges of financial fraud and a prison sentence of 25 years in what was ultimately a Ponzi scheme.…
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Visa Mastercard Agree on $30b Settlement – What It Means for Online Merchants
In a landmark move that could reshape the landscape of credit card processing, Visa and Mastercard have reached a staggering $30 billion settlement with merchants across the United States. This settlement aims to address long-standing concerns over the exorbitant credit and debit card fees that have burdened retailers, particularly small businesses, for decades. For online…
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Capital One’s Acquisition of Discover Reshapes the Payments Landscape
In a move that could significantly reshape the landscape of the financial services industry, Capital One Financial Corp. is considering an ambitious acquisition of Discover Financial Services in a deal valued at $35 billion. This all-stock transaction isn’t just a mere business maneuver; it’s a strategic play aiming to catapult Capital One to the forefront…
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