General News

March 8, 2022 @ 2:37 pm By Omar Faridi  |  

UK’s investment platform easyMoney notes that we are in the middle of a cost-of-living crisis and prices are increasing on just about everything we purchase so putting away extra funds into a savings pot might “not be at the top of your list, but it… Read More

March 7, 2022 @ 6:56 pm By JD Alois  |  

EY and Deloitte have joined their main competitors KPMG and PWC in exiting operations in Russia due to its invasion of Ukraine. EY explained in a series of tweets that it would continue to support its colleagues with financial support and more while ceasing operations…. Read More

March 7, 2022 @ 12:05 pm By JD Alois  |  

Moody’s has downgraded Russia’s long-term issuer and senior unsecured debt ratings to Ca from B3. Moody’s said the “outlook is negative.” Obviously, this is due to the catastrophic leadership of President Vladimir Putin and his decision to invade Ukraine and its unprovoked war with the… Read More

March 7, 2022 @ 10:53 am By JD Alois  |  

Two of the largest consulting/accounting firms in the world have cut ties with Russia due to the country’s unprovoked war with Ukraine. KPMG, which also announced it would stop interaction with Belarus – a staunch Russian ally and launch spot for much the military action… Read More

March 6, 2022 @ 4:25 pm By Omar Faridi  |  

Following a 2-year stint at TNG Digital, Ignatius Ong has reportedly decided to resign from his position as the CEO “effective 31st March 2022” because of personal reasons.. Ignatius had previously been appointed as the CEO back in 2019 in order to replace Syahrunizam Samsudin… Read More

March 6, 2022 @ 1:46 pm By JD Alois  |  

American Express (NYSE:AXP), Mastercard (NYSE:MA), and Visa (NYSE:V) have all halted operations in Russia following the country’s unprovoked invasion of Ukraine. The news of the three card issuers disabling services has followed global sanctions being applied by Russian President Vladimir Putin and his rogue regime…. Read More

March 5, 2022 @ 11:35 am By Omar Faridi  |  

The team at Blockchain.com, a provider of a crypto wallet, block explorer, and digital asset trading platform, notes that if you are new or just getting started with crypto taxes, then no need to worry because “so is everyone.” That’s why later this month, Blockchain.com… Read More

March 4, 2022 @ 7:40 am By Tony Zerucha  |  

Promise, a technology platform that provides options for people to pay back their government debt and receive qualified aid, recently announced the appointment of Jeff Press as Chief Revenue Officer. In this role, Press will drive revenue, sales operations, strategic partnerships, and growth initiatives for… Read More

March 3, 2022 @ 8:27 am By Omar Faridi  |  

Dr. Emin Gün Sirer has a “major beef” with the crypto economy: “It’s not growing fast enough.” As mentioned in an update shared by Mastercard, Dr. Sirer is an early crypto innovator who co-founded the blockchain startup Ava Labs with the goal of digitizing the… Read More

March 3, 2022 @ 8:25 am By Omar Faridi  |  

Goldman Sachs (NYSE: GS) is reportedly moving forward with its embedded finance plans. The investment bank’s collaboration with General Motors (GM) (NYSE: GM). This is the most recent step taken to capitalize on this growing Fintech trend. Goldman Sachs had taken over issuing the General… Read More

March 2, 2022 @ 6:17 pm By Omar Faridi  |  

Subspace Labs, the developer of Subspace Network, recently revealed that they have finalized a $32.9 million financing round that was led by Pantera Capital along with contributions from Coinbase Ventures, Crypto.com, Alameda Research, ConsenSys Mesh, and KR1. Other investors reportedly include: Hypersphere Ventures, Stratos Technologies,… Read More

March 2, 2022 @ 3:19 pm By Omar Faridi  |  

Most US consumers are in enough credit card debt and they might do anything to “go back in time and change the outcome of their financial situation,” according to research shared by Fintech firm TrueAccord. TrueAccord notes that a survey of 2,000 general population Americans… Read More

March 2, 2022 @ 3:02 pm By Omar Faridi  |  

The team at HMBradley reveals that they recently detected a cyberattack on their systems. In this type of attack, often referred to as a “credential stuffing attack”, the perpetrator attempts “to gain access to a customer’s account using login credentials illegally obtained from another source.”… Read More

March 2, 2022 @ 10:01 am By JD Alois  |  

The Ukraine government as well as other NGOs and media firms have utilized cryptocurrency to quickly, and instantly raise dearly needed funds as the Russian war against Ukraine devastate the country. Yesterday, CI reported that more than $36 million had been donated to Ukraine via… Read More

March 1, 2022 @ 3:34 pm By Omar Faridi  |  

Frost Bank, which is one of the largest banks based in Texas, has partnered with Plaid, a data network powering the digital financial ecosystem, in order to help Frost clients “securely and easily integrate their accounts and finances online.” Via its mobile app and online… Read More

March 1, 2022 @ 11:41 am By JD Alois  |  

As of today, over $36 million has been donated to various Ukrainian organizations, including directly to the Ukrainian government along with non-profits supporting efforts while unprovoked war rages with Russia. The Ukrainian government, The Return Alive Foundation, UkraineDAO, and Binance Charity’s Ukraine Emergency Fund lead… Read More

March 1, 2022 @ 9:48 am By JD Alois  |  

The British Business Bank has published its Small Business Finance Markets Report 2021/22.  According to the report, over £14  billion was invested in equity offerings during the first three quarters of 2021 – surpassing all of 2020. The British Business Bank is a development bank… Read More

March 1, 2022 @ 12:01 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), part of the University of Cambridge, has launched a new public-private collaboration involving banks, public agencies, and private organizations aiming to provide insight into the emerging digital asset ecosystem. The mission is to help guide public opinion, inform… Read More

February 28, 2022 @ 10:29 pm By JD Alois  |  

Invest Lithuania, the country’s Investment Promotion Agency supporting firms interested in tapping into the European market, has created a section of their website providing information for Ukrainians that are fleeing the war with Russia. Invest Lithuania states: “We would like to assure you that Lithuania… Read More

February 28, 2022 @ 3:11 pm By Omar Faridi  |  

Betterment at Work recently confirmed the introduction of its Student Loan Management solution, and that it has entered into an agreement to acquire the partner and customer relationships of Gradvisor, a platform that offers “personalized” college savings plans. These two product offerings are meant to… Read More