Tagged: us

March 24, 2025 @ 10:47 am By Omar Faridi  |  

Riot Platforms (NASDAQ: RIOT), an industry participant focused on vertically integrated Bitcoin mining, announced entry into a non-binding term sheet outlining terms of a potential acquisition by Whinstone US, Inc., or an affiliate, a wholly-owned subsidiary of Riot, of specific assets owned by Rhodium Encore LLC… Read More

March 24, 2025 @ 9:28 am By Omar Faridi  |  

Global Dollar Network, an open network designed to accelerate and reward global stablecoin adoption, announced that Global Dollar (USDG) is now available for trading across more than ten digital asset exchanges. These listings expand the accessibility and liquidity of USDG, “offering users enhanced trading opportunities.”… Read More

March 22, 2025 @ 5:28 pm By Omar Faridi  |  

As the first quarter of 2025 draws to a close, Coinbase (NASDAQ:COIN), one of the world’s largest digital asset exchanges in terms of trading volume and scope of operations, has recently unveiled a series of strategic developments that underscore its position as a key player… Read More

March 21, 2025 @ 11:01 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) announced that it will no longer examine its regulated institutions for “reputation risk” and is removing references to reputation risk from its Comptroller’s Handbook booklets and guidance issuances. These actions reportedly aim to support the OCC’s… Read More

March 21, 2025 @ 8:24 am By Omar Faridi  |  

The digital payments landscape is undergoing a major shift, which is being driven by blockchain technology and the rise of stablecoins. In a testimony before the U.S. House Committee on Financial Services, Charles Cascarilla, CEO and Co-Founder of Paxos, underscored the urgent need for the… Read More

March 20, 2025 @ 6:52 am By Omar Faridi  |  

Yesterday, the US Federal Reserve issued its FOMC statement regarding interest rates and the committee voted to keep benchmark rates exactly the same. The announcement was anticipated by markets, the bigger question is when the next rate cut will take pace. The Federal Reserve noted… Read More

March 18, 2025 @ 3:52 pm By Omar Faridi  |  

Senator Tim Scott, as Chairman of the Senate Banking Committee, has positioned the United States as a global leader in digital asset innovation through his advocacy for the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The United States will be the country… Read More

March 17, 2025 @ 10:11 pm By Omar Faridi  |  

The painfully long-standing legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs, which began in December 2020, appears to be approaching a critical juncture. Recent developments suggest that the case, centered on whether XRP constitutes an unregistered security, could finally conclude,… Read More

March 17, 2025 @ 5:04 pm By Omar Faridi  |  

Trillions of dollars’ worth of real estate is at major risk of damage from flood, fire or extreme wind, a new Zillow (Nasdaq: Z and ZG) analysis finds. Climate risks threaten trillions of dollars in U.S. real estate, the report from real estate tech firm Zillow… Read More

March 17, 2025 @ 2:00 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) has recently shared updates that signal its evolving role in both the investment and regulatory landscapes. Digital assets firm Coinbase is focused on its mission to democratize finance and bridge traditional systems with the crypto economy. Crypto exchange Coinbase aims to empower builders… Read More

March 17, 2025 @ 9:08 am By Omar Faridi  |  

A survey commissioned by DailyPay and the Bipartisan Policy Center conducted by The Harris Poll among over 1,000 tipped employees (defined as those who work in the service industry and earn tips for their job) reveals that a “significant majority of tipped employees (85%) are… Read More

March 13, 2025 @ 10:45 am By Omar Faridi  |  

Bluprynt, the crypto disclosure platform, has partnered with Aptos Foundation, which is dedicated to supporting Aptos, a Layer 1 blockchain, to complete an integration enabling the automation and tokenization of Form Reg D filings. This reportedly marks the “first” time a U.S. securities law document… Read More

March 12, 2025 @ 10:32 pm By Omar Faridi  |  

The Federal Trade Commission (FTC) recently revealed that US consumers reported losing more than $12.5 billion to fraudulent schemes in 2024. This latest figure from the FTC marks a significant 25% increase from the previous year, highlighting a concerning escalation in financial losses despite ongoing… Read More

March 9, 2025 @ 8:12 pm By Omar Faridi  |  

David Sacks, recently appointed as the White House AI and crypto czar under President Donald Trump, has recently pushed back against allegations of leveraging his position for personal financial gain. In a discussion on The All-In Podcast, Sacks has dismissed assertions that he manipulated cryptocurrency… Read More

March 9, 2025 @ 5:52 pm By Omar Faridi  |  

Nasdaq Inc., the second-largest US stock exchange operator, has unveiled plans to introduce 24-hour trading on its flagship equities exchange, a transformative step set to launch in the second half of 2026, pending regulatory approval. Announced on March 7, 2025, by Nasdaq President Tal Cohen… Read More

March 9, 2025 @ 4:38 pm By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) took action to affirm that a range of cryptocurrency activities are permissible in the federal banking system. The previous administration had sought to deter regulated banks to participate in crypto affiliated activities. The OCC published Interpretive… Read More

March 8, 2025 @ 11:33 am By Omar Faridi  |  

Seventy-six percent of US consumers are reportedly cutting back on spending, up from 67% in 2024, according to findings from the Wells Fargo Money Study. For adults in the first half of their financial lives, these numbers are even higher, with “82% of Gen Z… Read More

March 8, 2025 @ 9:51 am By Omar Faridi  |  

Global Fintech Klarna is gearing up for an initial public offering (IPO) in the United States, with reports indicating the Swedish company could file publicly as early as next week. The move, which follows a confidential filing with the U.S. Securities and Exchange Commission in… Read More

March 5, 2025 @ 3:09 pm By Omar Faridi  |  

February 2025 marked a difficult month for fintech companies (even though tech stocks in general have been seeing downward price pressure as well), with Block (NASDAQ:SQ) – once a major player in the sector—leading the charge downward, plummeting 28% in its steepest decline since 2023…. Read More

March 5, 2025 @ 3:07 pm By Omar Faridi  |  

In a significant shift in regulatory approach, the Consumer Financial Protection Bureau (CFPB) has dropped its lawsuit against three of the largest U.S. banks—JPMorgan Chase, Bank of America, and Wells Fargo—along with Zelle’s operator, Early Warning Services. The case, which alleged that these institutions failed… Read More