Tagged: us

May 9, 2025 @ 1:08 pm By Omar Faridi  |  

Chime announced that it is putting down permanent roots in New York City with a long-term lease at 122 Fifth Avenue, right in the heart of the Flatiron District—a neighborhood that’s reportedly known for its role as a hub of tech, finance, and innovation. Consumer… Read More

May 9, 2025 @ 11:14 am By Omar Faridi  |  

Digital assets firm Coinbase (NASDAQ: COIN), founded in 2012 by Brian Armstrong, has solidified its position as a leading cryptocurrency exchange in the United States, with operations spanning jurisdictions like the UK and India. Its recent announcement to acquire Deribit, a Dubai-based crypto derivatives platform,… Read More

May 9, 2025 @ 7:55 am By Omar Faridi  |  

Alex Mashinsky, the former CEO of Celsius Network, was sentenced to 12 years in prison on May 8, 2025, for orchestrating a massive fraud scheme that defrauded investors of billions. The sentencing, handed down by U.S. District Judge John G. Koeltl in Manhattan’s Southern District,… Read More

May 4, 2025 @ 10:11 pm By Omar Faridi  |  

The financial services landscape in the European Union and the United Kingdom has undergone significant transformation since the UK’s departure from the EU, marking the end of a harmonized regulatory framework that once relied on passporting rights across EU Member States. This divergence, coupled with… Read More

May 4, 2025 @ 10:08 pm By Omar Faridi  |  

Crypto exchange Kraken recently uncovered a sophisticated attempt by a North Korean hacker to infiltrate its operations through a seemingly innocuous job application. The incident, detailed by Kraken on May 1, 2025, highlights the evolving tactics of state-sponsored cyber threats targeting the crypto industry, with… Read More

May 3, 2025 @ 9:41 am By Omar Faridi  |  

In an era where fintech companies promise innovative ways to save and grow wealth, the story of Yotta, a fintech platform that lured savers with the chance to win cash prizes, has raised serious questions about the reliability of FDIC insurance in the digital banking… Read More

May 2, 2025 @ 11:07 am By Omar Faridi  |  

Behavox, an AI insights company that transforms structured and unstructured corporate data into insights that safeguard and enhance businesses, announced that BNY (NYSE: BK), a financial services company, has completed the implementation of Behavox Quantum. Tom Wileman, Head of Global Compliance Assurance at BNY said:… Read More

May 2, 2025 @ 10:03 am By Omar Faridi  |  

Pacaso, the tech-enabled real estate / property marketplace for co-owned luxury vacation homes, released its full-year 2024 financial results, “marking strong year-over-year growth in key performance metrics.” Real estate marketplace Pacaso has reportedly posted $164.5M in 2024 transactions, while also “growing adjusted gross profit by… Read More

May 2, 2025 @ 9:01 am By Omar Faridi  |  

Kin, the direct-to-consumer, digital home insurance provider, announced it surpassed $100 billion in total insured property value. This milestone reinforces Kin’s position as the “tech-forward” direct-to-consumer homeowners insurance provider and “reflects its accelerated growth trajectory.” Kin grew total insured value (TIV) from “$10 billion to… Read More

May 2, 2025 @ 4:11 am By Omar Faridi  |  

Swiss-based banking technology provider Temenos (SIX: TEMN) initiated a major workforce reduction, eliminating several hundred positions across its offices in India. This move is part of a broader strategic realignment aimed at optimizing the company’s global operations and enhancing its focus on high-growth markets. The… Read More

May 1, 2025 @ 8:29 pm By Omar Faridi  |  

Cboe Global Markets, Inc. (Cboe: CBOE), the world’s derivatives and securities exchange network, announced it has begun to offer trading in its new Cboe FTSE Bitcoin Index futures. These cash-settled futures, reportedly based on the FTSE Bitcoin Reduced Value Index (Ticker: XBTF), are the latest… Read More

April 29, 2025 @ 9:29 pm By Omar Faridi  |  

MoonPay, a global cryptocurrency payment platform, has announced the opening of a new U.S. headquarters in New York City’s vibrant SoHo district. The company has secured a facility exceeding 5,000 square feet, marking a significant expansion of its operations in the United States. This move… Read More

April 29, 2025 @ 10:36 am By Omar Faridi  |  

As financial advisors increasingly adopt defined-outcome strategies to capture market opportunities, manage risk, and meet client goals, CAIS, the  alternative investment platform for independent financial advisors, announced an expansion of its “defined-outcome capabilities” through CAIS Capital Markets, a new division. CAIS Capital Markets will centralize… Read More

April 28, 2025 @ 6:06 pm By Omar Faridi  |  

SoFi Technologies (NASDAQ: SOFI) has caught the attention of Wall Street analysts, with Citizens JMP recently sharing key insights. The firm has provided a generally positive outlook for SoFi’s stock performance, which has been attributed to the Fintech firm’s growth trajectory, improving profitability, and future… Read More

April 28, 2025 @ 7:16 am By Omar Faridi  |  

Nexo, the global digital assets wealth platform, has announced its return to the United States after recognizing a more favorable regulatory environment under the Trump Administration. The re-entry was unveiled at a business session featuring addresses from Donald Trump Jr., EVP of The Trump Organization;… Read More

April 27, 2025 @ 9:33 pm By Omar Faridi  |  

A research report from NYDIG highlights a shift in Bitcoin’s (BTC) market behavior, positioning it as a potential non-sovereign store of value in a landscape of growing economic and geopolitical instability. But these signs are very early and a bit pre-mature to draw an definitive… Read More

April 27, 2025 @ 5:42 pm By Omar Faridi  |  

A widespread outage struck Arvest Bank’s online and mobile banking platforms on April 25, 2025, affecting thousands of customers across Arkansas, Kansas, Oklahoma, and Missouri. The disruption, which began around 3 a.m. ET, reportedly prevented users from accessing their accounts, paying bills, or making transactions,… Read More

April 27, 2025 @ 5:35 pm By Omar Faridi  |  

Alkami Technology, Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for financial institutions in the U.S., announced that Illinois-based NuMark Credit Union has chosen Alkami’s Digital Banking Platform to enhance its online and mobile banking experience for retail and business members. This partnership underscores… Read More

April 26, 2025 @ 12:59 pm By Omar Faridi  |  

CrossCountry Mortgage, the distributed retail mortgage lender, and Blend, an origination platform for digital banking solutions, announced an expanded partnership aimed at driving innovation for independent mortgage banks (IMBs). As part of this collaboration, the two companies are “introducing new solutions that enhance the Blend… Read More

April 26, 2025 @ 4:34 am By Omar Faridi  |  

DeFi Development Company, recently rebranded from Janover and dubbed the “MSTR of Solana,” has submitted a $1 billion shelf offering to the U.S. Securities and Exchange Commission (SEC), according to a filing disclosed on Friday. This strategic move underscores the company’s growing alignment with the… Read More