Bitcoin Depot Files Chapter 11: 9,276 ATMs Go Dark on May 18
Bitcoin Depot filed Chapter 11 on May 18, 2026, taking 9,276 ATMs offline. Q1 revenue fell 49.2% to $83.5M, with a $9.5M net loss.
Fintech
In this category we explore the world of fintech, a rapidly evolving sector that combines technology and finance to revolutionise the way we manage money, investments and payments. Learn about the latest innovations, the most promising platforms and how these technologies are changing our financial habits.
91 Posts
Kraken Cuts 150 Jobs via AI as $20 Billion IPO Hangs in Balance
Kraken's parent Payward cut 150 jobs on May 15, citing AI-driven redundancies. The $20 billion IPO target now looks uncertain, with Bloomberg pointing to 2027.
Circle USDC Q1 2026: Record Volume, Net Profit Down 15%
Circle's Q1 2026 results show $21.5 trillion in on-chain USDC volume, up 263%, but net income fell 15% to $55 million as post-IPO costs surge.
Euro Stablecoins Hit $777M Monthly: 12x Growth in 15 Months
Euro stablecoins surged from $69M to $777M in monthly volume between Jan 2025 and March 2026, per TRM Labs. MiCA, Qivalis, and the ECB are now all in play.
Western Union Launches USDPT on Solana to Bypass SWIFT
Western Union launches USDPT on Solana in May 2026, targeting SWIFT settlement between 360,000 agents. A Stable Card for consumers follows later this year.
Meta Pays Creators in USDC via Solana and Polygon
Meta activated USDC stablecoin payouts for creators in Colombia and the Philippines on April 29, 2026, via Stripe on Solana and Polygon. No Meta-coin.
Western Union Challenges SWIFT With a Stablecoin on Solana
Western Union launches USDPT, a USD stablecoin on Solana, in May 2026 to replace SWIFT for global agent settlements. The $300B stablecoin market is at stake.
KBank Drops SWIFT for Ripple: Korea's Cross-Border Bet
KBank, South Korea's exclusive Upbit banking partner, signed with Ripple on April 27, 2026. Phase 2 targets UAE and Thailand corridors using Palisade SaaS.
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