Tagged: us

June 4, 2025 @ 5:08 pm By Omar Faridi  |  

DailyPay, a worktech company and the provider of On-Demand Pay, marks a significant legislative milestone with the enactment of House Bill 1294, which regulates On-Demand Pay (also known “as earned wage access) services in Maryland.” On-Demand Pay is a critical financial tool that empowers hardworking… Read More

June 4, 2025 @ 6:17 am By Omar Faridi  |  

VOX Funding, a provider of flexible financing options for U.S. businesses, today announced closing a $150 million credit facility with Raven Capital, a New York-based investment firm specializing in asset-based direct lending. To date, VOX has reportedly funded more than $750 million through its platform…. Read More

June 3, 2025 @ 10:11 pm By Omar Faridi  |  

Recently, a significant milestone unfolded in the digital asset space as four industry groups—the Blockchain Association, Crypto Council for Innovation, DeFi Education Fund, and The Digital Chamber—issued a joint statement endorsing the Guiding and Establishing National Innovation for US Stablecoins Act of 2025, commonly known… Read More

June 1, 2025 @ 5:13 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) noted that uncertainty among current homeowners and prospective buyers is at a three-year high, with 60% saying they “can’t tell whether now is a good time to buy a home or not, compared to 48% two years ago,” according to… Read More

May 31, 2025 @ 3:20 pm By Omar Faridi  |  

Xero, the global small business platform, announced an integration with Tallyfor, the modern platform for business tax engagements, to deliver a solution designed to streamline tax preparation and boost efficiency for accounting firms. Accounting firms today face “capacity shortages, recruitment and retention difficulties, and the… Read More

May 31, 2025 @ 3:17 pm By Omar Faridi  |  

Graduation season is a time of celebration but for many recent grads, it can also feel like a wake-up call. A survey conducted by Talker Research on behalf of Chime reveals how new graduates are “approaching money matters — from budgeting basics and student debt… Read More

May 31, 2025 @ 3:11 pm By Omar Faridi  |  

Sweden’s central bank, Sveriges Riksbank, highlighted growing concerns over global financial stability driven by sharp shifts in U.S. trade and security policies. These abrupt changes have triggered significant market volatility and heightened uncertainty, posing risks to both Swedish and global financial systems. Coupled with this,… Read More

May 30, 2025 @ 12:12 pm By Omar Faridi  |  

In a recent report titled Global Economic Outlook & Strategy: The Global Imprint of U.S. Tariffs — Calm Before the Storm, Citi Research, led by Chief Economist Nathan Sheets, provides a sobering analysis of the global economic landscape in 2025, with a particular focus on… Read More

May 28, 2025 @ 8:45 am By Omar Faridi  |  

Gemini has released their 2025 Global State of Crypto report in partnership with Data Driven Consulting Group. The report offers a breakdown of investor awareness around cryptocurrencies, motivations for “owning and trading, crypto ETF adoption, the impact of the Trump administration’s policies on crypto, and… Read More

May 27, 2025 @ 7:59 am By Omar Faridi  |  

The Consumer Financial Protection Bureau (CFPB) has decided to abandon its proposed open banking rule, prompting sharp criticism from the Financial Technology Association (FTA). The FTA, an advocate for fintech innovation, has labeled the move a “handout to Wall Street banks,” arguing it undermines efforts… Read More

May 26, 2025 @ 4:22 pm By Omar Faridi  |  

New York has reportedly reclaimed its position as the world’s leading financial center in 2025, overtaking London, according to the 37th edition of the Global Financial Centres Index (GFCI 37). This ranking, compiled using 140 quantitative measures from sources like the World Bank, OECD, and… Read More

May 26, 2025 @ 11:31 am By Omar Faridi  |  

Recently, in Sterling, Virginia, US President Donald Trump hosted a dinner at his Trump National Golf Club, welcoming 220 of the top investors in his $TRUMP meme coin. The event, described as “black-tie optional,” drew a mix of cryptocurrency enthusiasts, high-profile figures, and controversy, with… Read More

May 21, 2025 @ 4:41 pm By Omar Faridi  |  

Crestline Investors, Inc., a global alternative investment manager, announced the final close of Crestline Direct Lending Fund IV, with $3.5bn of investable capital across the Fund, related vehicles and anticipated leverage. Crestline’s direct lending strategy provides “tailored financing solutions to sponsor and non-sponsor backed companies… Read More

May 21, 2025 @ 4:22 pm By Omar Faridi  |  

The Texas House of Representatives has passed Senate Bill 21 (SB 21), known as the Texas Strategic Bitcoin Reserve and Investment Act, during its second reading on May 21, 2025. The bill, which garnered strong bipartisan support with a 105-23 vote, moves Texas closer to… Read More

May 21, 2025 @ 2:00 pm By Omar Faridi  |  

  Now that we’re into the T+1 settlement transition, the industry has gained enough experience to share meaningful observations about what this change has meant for market participants. Rich Robinson, chairman of ISITC, a securities industry standards group,  has been closely engaged with member firms… Read More

May 21, 2025 @ 10:05 am By Omar Faridi  |  

The Securities and Exchange Commission (SEC) charged New York City-based Unicoin, Inc. and three of its top executives—CEO and Board Chairman Alex Konanykhin; Silvina Moschini, former president, former board chairwoman, and current board member; and former Chief Investment Officer Alex Dominguez—for “false and misleading statements… Read More

May 20, 2025 @ 12:44 pm By Omar Faridi  |  

U.S. Bank Global Fund Services (GFS) announced it has engaged Fenergo, a firm focused on client lifecycle management technology, to digitize and streamline the investor onboarding and service experience. According to the update from Regtech firm Fenergo, this is said to be the first step… Read More

May 19, 2025 @ 7:28 am By Omar Faridi  |  

Fifth Third Bancorp (NASDAQ: FITB), a U.S. regional bank headquartered in Cincinnati, is increasing its focus on cryptocurrency and digital assets, leveraging five years of exploration to expand its offerings. With over $200 billion in assets and primary oversight from the Office of the Comptroller… Read More

May 18, 2025 @ 2:45 pm By Omar Faridi  |  

Acorns, the financial wellness app for everyday Americans, announced the asset acquisition of EarlyBird, the family wealth and digital memory platform for children. With this move, Acorns further enhances its role in financial wellness for the family. In the past year, Acorns has doubled its… Read More

May 16, 2025 @ 4:02 pm By Omar Faridi  |  

On May 16, 2025, Galaxy Digital Holdings Ltd. (TSX:GLXY) (NASDAQ:GLXY)began trading on the Nasdaq Global Select Market, marking a significant milestone for the company and the broader digital asset industry. The company’s shares opened at $23.50 closing at $22.80 after topping $25 a share. Galaxy… Read More