Tagged: us

Mastercard Responds to Congressional Letter on Credit Card Competition Act

Mastercard (NYSE: MA) wrote to several members of the U.S. Congress to highlight the harms the Credit Card Competition Act would “bring to consumers, businesses of all sizes and financial institutions. Today’s payments ecosystem enables consumers “to make purchases safely and securely while gaining access… Read More

Startup Fundraising Slump Is Having Major Ripple Effects on Employee Compensation, Carta Report Claims

The “chill” in startup fundraising is having major ripple effects on startup employee compensation, according to a comprehensive update from Carta. Startups on Carta collectively raised “about $28 billion through the first half of 2023.” That was less than half of the total funds “raised… Read More

Pacaso, the Tech-powered Real Estate Marketplace Helping Clients Acquire Luxury Second Homes, Releases Marketplace Report

Pacaso, the technology-enabled real estate marketplace that helps people buy and co-own a luxury second home, released its 2023 marketplace resale report. Pacaso homes have historical resale gains “from the time of the ownership interest purchase to the time of reselling of more than 10%.”… Read More

Real Estate: Majority of Home Buyers Consider Climate Risks when Looking for New Home, Report Claims

More than 4 out of 5 prospective home buyers consider climate risks as they shop, new Zillow (NASDAQ: Z and ZG) research shows. Most say their major concern “is flood risk, followed by wildfires, extreme temperatures, hurricanes and drought.” Zillow senior population scientist Manny Garcia… Read More

Chainalysis Comments on US Proposed Tax Regulations which Outlines Information Reporting Obligations for Crypto Exchanges

Roger M. Brown,  the Global Head of Tax Strategy at Chainalysis, notes that on August 25, 2023, the U.S. Internal Revenue Service released proposed regulations that would require domestic and foreign exchanges and other types of “brokers” who “effect sales” of digital assets to (1) collect… Read More

CoinShares Hedge Fund Solutions Division to Bridge Gap between Traditional Institutional Investors and Digital Assets Sector

CoinShares (Nasdaq Stockholm: CS) announced the CoinShares Hedge Fund Solutions division, as part of their mission to continue bridging the gap “between traditional institutional investors and the dynamic world of digital assets.” For the first time, CoinShares will be making its offerings “accessible to qualified… Read More

Percent Enters Senior Lending Partnership to Support Capital Sources Available for Lower Middle Market Lenders

Percent, the private credit platform that has created the modern credit marketplace, announced a new partnership with a US-based, alternative credit investment manager focused on uncorrelated income-generating assets in niche markets. Through this partnership, an asset-backed warehouse facility “has been established, enabling Percent to bring… Read More

Crypto Payments: Bridge21, Bitso to Enable Cross-Border Transactions from US to Latin America

Cross-border payments company bridge21 announced its partnership with Bitso, the Financial Company powered by Crypto in Latin America, in order “to expand their support for local payments from the US, throughout Latin America.” According to a report, the overall cross-border payment market “stood at $176.5… Read More

Spend Management Fintech Brex Introduces Tool to Streamline Work Processes, Increase Productivity

Brex, the unified global spend platform, announced the launch of Brex Assistant, a proactive assistant that simplifies expense management for employees and improves their productivity. Brex Assistant is the flagship product of Brex AI, “a suite of capabilities that transform spend management to enable unprecedented… Read More

Real-Time Payments Technology: ACI Worldwide, Microsoft to Support Instant Transfers

ACI Worldwide (NASDAQ: ACIW), a global firm focused on mission-critical, real-time payments software, announced a collaboration with Microsoft in order “to help financial institutions and technical services enable instant payments transactions faster through ACI’s Real-Time Payments Cloud (RTPC) platform.” Hosted in the Microsoft Azure environment,… Read More

CBDC: INX, SICPA Introduce Nabatech, a Venture for Sovereign States Digital Currency Ecosystem

The INX Digital Company, Inc., a US-regulated broker-dealer, ATS, and transfer agent, announced the official launch of Nabatech, the joint venture created in partnership with SICPA, a global figure in authentication and secure traceability solutions. Nabatech is a direct result of INX and SICPA’s collaboration… Read More

Matt Billings to Lead Robinhood Financial and Robinhood Securities

Robinhood (NASDAQ:HOOD) is pleased to announce that Matt Billings is joining the team as VP and President of Robinhood Financial LLC and Robinhood Securities, LLC effective as of – September 18, 2023. In this role, Matt will focus on furthering the firm’s commitment “to putting safety… Read More

Unstable Financial Markets Have US Consumers Keeping Close Eye on Retirement Accounts via Fintech Apps – Report

The unstable financial markets in the United States during the past few years have people keeping a wary eye on their retirement accounts and, increasingly, they are doing so via mobile apps, the team at J.D. Power notes. According to the J.D. Power 2023 U.S…. Read More

Real-Time Payments Adoption Survey Released by BNY Mellon, Datos Insights

BNY Mellon (NYSE: BK), in collaboration with Datos Insights, released a report examining the ongoing growth of real-time payments as a result of increasing demand from consumers for faster payment options. The report finds that a focus on faster payment rails “represents a significant market… Read More

Digital Investment Platform Betterment Introduces New Bitcoin and Ethereum Portfolio

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Betterment, the largest independent digital investment advisor in the U.S., announced today the launch of a new Bitcoin/Ethereum Portfolio as part of the Crypto Investing by Betterment suite. The portfolio provides direct access to the two largest cryptocurrencies in the market for investors who are… Read More

Netcapital Funding Portal Revenues Increase Substantially

Netcapital Inc. (Nasdaq: NCPL), a digital private capital markets ecosystem, announced financial results for the first quarter of fiscal year 2024 ended July 31, 2023. Martin Kay, CEO of Netcapital Inc., said: “We are delighted to announce a very strong quarter for our funding portal,… Read More

Enterprise Blockchain Firm Ripple Determined to Battle SEC Lawsuit to the End

US-headquartered crypto firm Ripple recently stated that it intends to keep fighting the current lawsuit with the US Securities and Exchange Commission (SEC). The dustup with the regulator is emblematic of the broader challenges digital asset firms face in the US as the SEC has… Read More

Binance.US Legal and Risk Execs Are Resigning – Report

Certain executives working at the US division of Binance are reportedly leaving at a time when the crypto firm is struggling with heightened regulatory scrutiny, the WSJ reported this past Thursday, citing sources familiar with the issue. Krishna Juvvadi, head of legal, and Sidney Majalya,… Read More

Insurtech Kin Secures $33M in Additional Financing via Series D Led By QED Investors

Kin, the direct-to-consumer home insurance company built for every new normal, today announced the closing of a $33 million Series D extension. The funding was led by QED Investors “with participation from returning investors Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its… Read More

Crypto Market Analysis: Over 75% of Bitcoin Supply Held by Long-Term Holders, Only Small Portion of BTC Held by Short-Term Holders

The Bitcoin (BTC) and broader digital assets market is experiencing increased volatility. Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), notes that Bitcoin (BTC) had “closed last week around $25,850, a 0.5% decrease in price from… Read More

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