Tagged: us

March 20, 2021 @ 1:57 pm By Omar Faridi  |  

Visa confirms that a year into the Coronavirus pandemic, digital payments continue to “keep money moving.” The company’s latest report reveals that consumer behavior is changing how businesses sell or market their products in a post-COVID environment. Visa notes that due to the COVID outbreak,… Read More

March 20, 2021 @ 11:04 am By Omar Faridi  |  

Digital asset exchange Gemini recently revealed that it now has over $20 billion in crypto-assets under custody. The US-based firm confirmed in a blog post: “Tracking with the impressive growth of the crypto market this year and increased participation from institutional investors, we have doubled… Read More

March 20, 2021 @ 10:22 am By Omar Faridi  |  

Peter Van Valkenburgh, the Director of Research at Coin Center, a leading non-profit entity focused on the latest policy issues facing digital currencies, notes that his organization will be using the additional time provided by FinCEN to submit another comment in “ongoing surveillance rulemaking.” Coin… Read More

March 19, 2021 @ 3:38 pm By Omar Faridi  |  

The Research and Insights team at PayPal (NASDAQ: PYPL) notes that when the COVID-19 pandemic began, Jennifer Vaughan started noticing a visible change in her business’s customer base. Usually, Jennifer’s “high-end” paper store, Mulberry Paper and More, had been appealing to professional artists. However, Jennifer… Read More

March 19, 2021 @ 10:45 am By Omar Faridi  |  

Brian Brooks, Former Acting Head of the Office of the Comptroller of the Currency (OCC), has now joined the board of Spring Labs, a firm that develops innovative tech for exchanging data securely and in an anonymous manner via a shared blockchain or distributed ledger… Read More

March 19, 2021 @ 7:53 am By Omar Faridi  |  

Digital bank Chime notes that if you’ve ever tried to schedule an automatic bill payment from your bank account or received a direct deposit, then you may appreciate how convenient these transactions might be. We may be able to avoid many late fees if we… Read More

March 18, 2021 @ 10:55 pm By Omar Faridi  |  

Miami-headquartered JAG Insurance has reportedly issued its very first policy using cryptocurrency. JAG Insurance Group, which is well-known for being a digital tech pioneer and challenging the standards of the insurance industry, has decided to take its first steps into the crypto-asset space by issuing… Read More

March 18, 2021 @ 4:06 pm By Omar Faridi  |  

Digital asset exchange Kraken recently committed funding to support the Ethereum 2.0 transition process with the New Gitcoin Giving initiative. Kraken says it will match “up to $50,000” in donations to open-source Ethereum infrastructure initiatives as part of Gitcoin’s donation drive (which began on March… Read More

March 17, 2021 @ 10:25 pm By Omar Faridi  |  

Six New Hampshire residents are reportedly facing federal indictment because of an elaborate scheme that allowed people to exchange over $10 million for digital currencies like Bitcoin (BTC) and Ethereum (ETH). The US District Court indictment alleges that the co-conspirators had tricked or deceived financial… Read More

March 17, 2021 @ 8:42 pm By Omar Faridi  |  

Beginning on March 16, 2021, Coinbase Pro users may transfer Cardano (ADA) into their accounts ahead of scheduled trading. Support for ADA tokens will be available at all of Coinbase’s “supported jurisdictions.” Trading will begin “on or after 9AM Pacific Time (PT) Thursday March 18,… Read More

March 17, 2021 @ 6:23 pm By Omar Faridi  |  

The “humble” QR code has now emerged from last year as a “versatile” tool for providing an overall improved customer experience (CX). At restaurants, for example, customers are “loving” this contactless option so they safely view menus, order, and make virtual payments with a “snap… Read More

March 17, 2021 @ 3:50 pm By Omar Faridi  |  

The shares of LendingClub (NYSE: LC), an online lender and nascent digital bank, have been surging recently. Last week, LendingClub reported an adjusted net loss of $(22.1) million in the fourth quarter, compared to an adjusted net income of $7.0 million the same quarter last… Read More

March 16, 2021 @ 11:05 pm By Omar Faridi  |  

Southeast Asian ride-hailing and food delivery giant Grab Holdings is reportedly holding discussions regarding its plans to go public via a potential merger with a US-based special purpose acquisition company or SPAC. Grab Holdings may be valued at around $53 to $54 billion if these… Read More

March 16, 2021 @ 10:59 am By Omar Faridi  |  

Approximately 10% of stimulus checks could go toward Bitcoin (BTC) purchases and stocks, according to Dan Dolev from Mizuho – which recently performed a survey asking respondents what they plan to do when they get their stimulus checks. Dolev, whose comments came during a CNBC… Read More

March 15, 2021 @ 10:10 am By Omar Faridi  |  

Prosper, a peer-to-peer lending company that connects borrowers and investors with over $17B in loans issued via its platform, recently shared their performance data from the Prosper Portfolio for the month of February 2021. Key highlights from the report are as follows: In February 2021,… Read More

March 15, 2021 @ 8:36 am By Omar Faridi  |  

Although banking platforms have been upgrading their legacy technology stacks and making substantial investments into their digital transformation strategies, their boards of directors still don’t have the tech-related expertise needed to effectively manage modern financial institutions. A report from Accenture reveals that only 10% of… Read More

March 14, 2021 @ 2:10 pm By Omar Faridi  |  

The third edition of Startupbootcamp Fintech Dubai’s accelerator program has now concluded. During the Demo Day, there were 11 startups that pitched their ideas to potential investors, corporate partners, industry experts, mentors, and the general public. Startupbootcamp Fintech Dubai was introduced in 2018 through a… Read More

March 14, 2021 @ 11:50 am By Omar Faridi  |  

Bitcoin miners continue to move to Texas as the leading digital currency recently surpassed the $60,000 mark (and had also crossed $61,000 on March 14, 2021). Recently, Argo Blockchain confirmed its purchase of 320 acres of land located in West Texas. Argo said it would… Read More

March 13, 2021 @ 6:40 pm By Omar Faridi  |  

San Francisco-based Carta, a firm that helps private and public companies, investors, and employees manage equity and ownership, notes that VC investors have underwritten “massive transformations in technology, society and culture.” However, there have been certain changes to the actual investment process, Carta explains. Although… Read More

March 13, 2021 @ 4:46 pm By Omar Faridi  |  

California-based Fintech firm Wealthfront has explained how we can choose between taxable and “tax-advantaged” investment accounts. Wealthfront notes that if you’re ready to begin investing, then you need to figure out what type of account you should be opening and maintaining. You can open up… Read More