Revolut

Gate is repositioning around Gate Money, a consumer finance app designed to combine asset holdings, conversions, savings and card spending in one account. The move puts the exchange deeper into a competitive field where major crypto and fintech platforms are trying to make digital assets part of everyday money management.

Apollo Chief Economist Torsten Slok warned that agentic AI tools may automatically move household cash out of low-yield checking accounts and into higher-yield alternatives. The shift could pressure banks that depend on inexpensive deposits, while crypto payment infrastructure is already emerging as a potential rail for machine-driven finance.

A hacker group is demanding $3 million worth of monero from Revolut within 24 hours, threatening to sell stolen customer data to other criminal groups. At least 680 customer accounts were reportedly affected, with exposed records said to include identity documents and transaction histories.

Revolut disclosed customer identity documents, home addresses and bitcoin transaction histories after a fraudulent government request cleared internal checks. The digital bank said customer funds remained safe, while the incident sharpened concerns over data retention, AI-assisted impersonation and crypto privacy.

The European Central Bank has selected 36 banks and payment companies for a 12-month digital euro pilot scheduled to begin in the second half of 2027. The trial will test a beta version of the proposed central bank digital currency across online, offline, in-store and e-commerce payments using ECB and national central bank staff as users.

Kraken is pursuing a full banking license in Europe, with Lithuania emerging as the focal jurisdiction for the plan. The move would deepen the crypto exchange’s regulated financial services ambitions as its parent company Payward seeks broader licensing worldwide.