Tagged: us

PayPal Debit Card Can Now Be Added to Apple Wallet, Payment Firm Aims to Boost Utility of Service

PayPal (NASDAQ: PYPL) claims it has ushered in a “new era” for customers, making it easier and more rewarding than ever to shop and pay with PayPal anywhere, anytime – both in stores and online. In addition, customers can now add their PayPal Debit Card… Read More

California Attorney General Secures $3.9M Settlement with Robinhood Crypto

California Attorney General Rob Bonta announced a $3.9 million settlement with crypto trading platform Robinhood Crypto, LLC for failing to allow customers to withdraw their cryptocurrency from their Robinhood accounts from 2018 to 2022, and for “failing to fully disclose aspects of its trading and… Read More

Anchorage Digital Announces Custody Support for Bitcoin L2 Stacks

Anchorage Digital, home to the only federally chartered digital asset bank in the US, has announced its custody support for Stacks, a Bitcoin Layer 2 solution. Stacks is the first Bitcoin L2 supported by Anchorage Digital, “marking a significant step for institutional involvement in the… Read More

Digital Payments: Visa Launches Money Movement Advisory Practice in North America

Visa (NYSE: V), a digital payments company, announced the launch of its Money Movement Advisory Practice in the United States and Canada. The new value-added service, “offered by Visa Consulting & Analytics (VCA), the payments consulting advisory arm of Visa, focuses on helping clients and… Read More

Custodia Bank Announces Layoffs as Regulatory Challenges Lead to Uncertainty for Crypto Firms

Photo courtesy notionscapital on Flickr

The Biden administration’s regulatory approach towards crypto-assets has led to considerable restructuring at a relatively small, yet somewhat prominent digital assets bank. FOX Business has revealed that Custodia Bank, a Wyoming based financial institution that provides various banking services to crypto firms, said  Thursday that… Read More

LendingClub Bank Introduces LevelUp Savings

LendingClub Bank, America’s digital marketplace bank and a subsidiary of LendingClub Corporation (NYSE: LC), announced the launch of LevelUp Savings, a high-yield savings account that rewards members with competitive rates for making ongoing monthly deposit contributions. Scott Sanborn, LendingClub CEO said: “We’re excited to offer… Read More

UK Corporates have Dropped their Hedge Ratios Potentially Due to Increased Political Certainty – Report

New research from MillTechFX reveals hedging strategy divergence among UK and US corporates. The latest research from FX-as-a-Service pioneer, MillTechFX, has “revealed UK corporates have dropped their hedge ratios by around six percentage points, possibly due to increased political certainty, while US corporates increased theirs… Read More

Total VC Funding Raised by US Startups Improved, Despite Decline in Venture Capital Deal Volume – Report

The total venture capital (VC) funding raised by the US-based startups reportedly improved by 2.4% year-on-year (YoY) during January-July 2024 despite a 41% decline in VC deal volume. The country continues to lead the global VC landscape “with a significant gap over its peers, leading… Read More

Robinhood Announces Appointment of Jeff Pinner as Chief Technology Officer

Robinhood (Nasdaq: HOOD) welcomes Jeff Pinner as Chief Technology Officer. Robinhood says they are pleased to announce that Jeff Pinner has now officially “joined Robinhood as Chief Technology Officer (CTO).” Jeff is said to be “a deeply respected innovator who will help us accelerate their… Read More

Visa Data Reveals Spending at Olympic Games Is Boosting French Economy with Largest Share of Spend from US Card Holders

Visa (NYSE: V) data shows spending at the 2024 Olympic Games is boosting the French economy The biggest share of overseas spend “comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Japan and Brazil.” Visa, the official payment technology partner of… Read More

Bitcoin and Ethereum ETFs Mark Key Milestone in Landscape of Crypto Investment Sector According to Blockchain Industry Participants

The Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) on January 10, 2024, “marked a significant milestone in the landscape of crypto investment in the United States.” This, according to insights from Chainalysis. Bitcoin ETFs provide a scalable bridge “from traditional… Read More

Fastlane by PayPal Supports Frictionless Digital Checkout Experience

PayPal Holdings, Inc. (NASDAQ: PYPL) announced that Fastlane by PayPal is now available for U.S. businesses of all sizes, helping to increase their sales and drive customer loyalty in time for the upcoming holiday shopping season. Announced earlier this year, Fastlane utilizes PayPal’s payment expertise… Read More

Neobank Dave Reports Steady YoY Topline Growth

Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, reported its financial results for the second quarter ended June 30, 2024. Jason Wilk, Founder and CEO of Dave, said: “2024 continues to show impressive results as we exceeded growth and profitability expectations again in the… Read More

US and German Law Enforcement Agencies Seize Virtual Currency Wallet Cryptonator, Charge Administrator – Report

IRS-Criminal Investigation, the US Department of Justice, and the Federal Bureau of Investigation in coordination with the German Federal Criminal Police Office (BKA) and the Attorney General’s Office in Frankfurt, reportedly seized the domain for online crypto wallet Cryptonator for allegedly failing to have “appropriate”… Read More

Fintech AppBrilliance Brings Real-Time Payments to Closed Loop Digital Wallets With RTP and FedNow

AppBrilliance, an enabler of real-time payment solutions with its Money API platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US. Companies like Starbucks, CVS, Dunkin, Chick-fil-A and many… Read More

Funding Portal Operator Netcapital Announces 1-for-70 Reverse Stock Split

Netcapital Inc. (Nasdaq: NCPL, NCPLW), an online investment platform, has announced that the company’s board of directors “approved a reverse stock split of the company’s common stock, par value $0.001 per share, at a ratio of 1-for-70.” Netcapital is a micro-cap with a valuation of… Read More

SoFi Technologies Reports $599 Million Net Revenue and Net Income of $17 Million for Q2 2024

SoFi Technologies (NASDAQ: SOFI) is reporting net revenue of $599 million and net income of $17 million for Q2 2024, marking the third consecutive quarter of GAAP profitability. Despite these fairly solid results, SoFi’s share price has barely budged in the past day. The Fintech… Read More

SEC to Amend Complaint Against Binance, Solana’s SOL and Other Major Altcons No Longer Defined As Securities

The US Securities and Exchange Commission (SEC) may be withdrawing its charges against third-party crypto tokens like Solana’s SOL as well as Polygon’s MATIC. These digital tokens have been part of the regulator’s lengthy case against crypto exchange Binance, Breaking: #Solana $SOL is no longer… Read More

Pacaso, the Real Estate Marketplace, Marks Key Milestone with Passage of Ordinance by Palm Springs City Council

Pacaso, the real estate marketplace for co-owned luxury vacation homes, marks a significant milestone with the passage of a new ordinance by the Palm Springs City Council. This is the first city in California to “affirmatively recognize and regulate co-owned homes, ensuring they are thoughtfully… Read More

Coinbase Announces Key Appointments to Accelerate Crypto Adoption

Coinbase (NASDAQ:COIN) says that we are at a unique moment in American history where a stunning alignment has emerged — 9 in 10 Americans from across the political spectrum “believe the financial system needs an update.” According to a blog by Coinbase, crypto is a… Read More

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