A man says he’s lost his entire life savings and incurred extensive debt after falling for a fraudulent investment scheme featuring celebrity deepfakes. Kitchen builder Des Healey saw a fraudulent ad on Facebook featuring money-saving expert Martin Lewis and billionaire Elon Musk promoting a non-existent Bitcoin investment strategy, BBC reports. Healey replied to the ad […]
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Revolut is expanding the international reach of its digital asset services with the rollout of Revolut X in 30 new countries across Europe. This expansion follows the standalone crypto platform’s launch in the UK in May, where it was designed to cater to both professional and retail crypto traders. Revolut X offers advanced trading features […]
Digital banking app Revolut says the company blocked more than $621 million of suspected fraudulent crypto and fiat transfers in 2023. In a new Revolut blog post, the company is highlighting the security measures it takes for its more than 45 million customers banking with them more than $23.7 billion of their wealth. “In 2023, […]
The post Revolut Says Company Has Prevented $621,880,000 in Potentially Fraudulent Crypto and Fiat Transfers appeared first on The Daily Hodl.
Revolut has been under fire as fraud complaints piled up in 2024, but the company has insisted it saved hundreds of millions in “potential fraudulent transfers.”
Cryptocurrency-friendly neobank Revolut said it has prevented millions of dollars in potential customer losses from fraudulent crypto transfers over the past three months
Revolut said on Oct. 7 that it blocked up to $13.5 million worth of “potentially fraudulent crypto transfers” between June 1 and Sept. 1, 2024, according to an announcement sent to Cointelegraph.
“The company’s proactive approach has seen it significantly enhance its crypto-specific security measures recently, which has led to an increase in the amount of potential fraud it has prevented,” Revolut said.
Retail trading platform Robinhood and digital banking app Revolut are reportedly looking at the possibility of issuing their own stablecoin. Citing people familiar with the matter, Bloomberg reports that the two financial technology giants are considering joining the $170 billion stablecoin market but are still opting not to proceed. A Robinhood spokesperson says the company […]
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Both Robinhood and Revolut are reportedly considering issuing their own stablecoins as the industry continues to expand.
Fintech giants Robinhood and Revolut are eyeing the stablecoin market, as new regulations in Europe promise to deliver regulatory clarity and impact crypto-native companies’ market share.
According to a Sept. 26 Bloomberg report citing unnamed sources, both Robinhood and Revolut are considering issuing their own stablecoins as the industry continues to expand.
The stablecoin market has been largely dominated by Tether’s USDt (USDT). The stablecoin issuer has benefited from the broader macroeconomic landscape and crypto market turbulence over the past two years, including banking crises and regulatory crackdowns on firms in the United States.
Crypto-friendly digital bank Revolut is set to launch its own stablecoin, marking a significant expansion of its crypto offerings. This move positions Revolut alongside major players like Paypal, Ripple, and Bitgo in the highly competitive stablecoin market. The London-based fintech company, which holds a UK banking license, aims to ensure compliance and safety with this […]Revolut's UK banking license could enhance its market position, attract more users, and potentially influence global regulatory trends.
The post Fintech giant Revolut authorized to become a UK Bank appeared first on Crypto Briefing.
Revolut, the crypto-friendly digital bank, is reportedly planning to sell $500 million of employee shares, targeting a staggering valuation of $45 billion. This move is seen as a significant step towards a potential Initial Public Offering (IPO). Revolut’s progressive approach to cryptocurrencies, combined with its innovative banking solutions, continues to disrupt the financial sector, underscoring […]
Cryptocurrency entrepreneur Erik Voorhees has publicly criticized Revolut, claiming the fintech company shut down his account due to his interactions with cryptocurrencies. Despite not using Revolut’s crypto service and funding his account via fiat from an exchange, Voorhees experienced a freeze on his account for three weeks, followed by termination. This incident occurred even after […]
