Tagged: us

February 27, 2022 @ 3:16 pm By Omar Faridi  |  

Custodia is reportedly the first US digital asset bank that has been built on a modern core banking platform. Avanti Financial Group, Inc. recently announced their new name, Custodia Bank, Inc., as “a countdown to the launch of the first-of-its-kind digital asset bank.” Custodia Bank… Read More

February 27, 2022 @ 1:07 pm By Omar Faridi  |  

The FBI Cyber Division notes that cyber threat actors have recently “deployed destructive malware” against organizations operating in Ukraine. The FBI and Cybersecurity and Infrastructure Security Agency noted in an extensive update that “leading up to Russia’s unprovoked attack against Ukraine, threat actors deployed destructive… Read More

February 25, 2022 @ 12:13 pm By Omar Faridi  |  

Fintech firm Ramp, which offers a finance automation platform and claims to have one of the fastest-growing corporate cards on the market,  has introduced Ramp for Travel, a new AI-assisted travel solution that enables workers to “book anywhere and gives finance teams an unprecedented level… Read More

February 25, 2022 @ 10:59 am By Omar Faridi  |  

Recently, network difficulty on the Bitcoin (BTC) network surged around 4.8% as total hashrate (or the amount of computing power securing the leading cryptocurrency network) exceeded 200 EH/s for the “first time ever.” The team at Compass Mining noted that “breaking through mining profitability’s gloomy… Read More

February 25, 2022 @ 8:20 am By Omar Faridi  |  

International markets are experiencing a massive increase in volatility with Russia’s invasion of Ukraine. The severe humanitarian crisis that could unfold over the next few days and weeks “could be the worst in Europe in decades, with loss of life and property, as well as… Read More

February 24, 2022 @ 6:14 pm By Omar Faridi  |  

Digital asset firm Okcoin reveals that clients are now able to trade the WAX token (WAXP) against USD via the crypto trading platform. Okcoin has shared what the initiative is all about, “in simple terms.” The team at Okcoin confirmed that you can now deposit,… Read More

February 24, 2022 @ 2:53 pm By Omar Faridi  |  

Robinhood (NASDAQ:HOOD) recently teamed up with Amplify Latinx via an investment that celebrates their fifth anniversary and supports their ongoing work to uplift the Latinx community. The Massachusetts-headquartered nonprofit Amplify Latinx aims to support Latinx communities by enhancing their economic power. This is done by… Read More

February 24, 2022 @ 8:28 am By Omar Faridi  |  

One positive development during the past year has been law enforcement’s “growing” ability to seize virtual currency from criminals, according to an extensive update from Chainalysis. The US Department of Justice (DOJ) seized $2.3 million in crypto from the DarkSide ransomware operators who were allegedly… Read More

February 22, 2022 @ 1:18 pm By Omar Faridi  |  

The team at digital asset firm Gemini reveals that they are inviting select waitlist members to apply for the Gemini Credit Card, which “offers up to 3% back in crypto rewards on every purchase.” After you’re eligible to apply, you’ll get an email invite with… Read More

February 22, 2022 @ 2:07 am By Omar Faridi  |  

C2FO claims that it is the world’s largest platform for working capital for a reason: “We have to be. Our team is tackling one of the biggest challenges facing businesses today.” C2FO’s platform makes it possible for firms across the globe, regardless of their size,… Read More

February 21, 2022 @ 8:54 pm By Omar Faridi  |  

Private securities market pioneers, Rialto Markets and Zanbato, have entered into a new partnership in order to address the requirements of a fast-evolving investor sector. Zanbato’s Alternative Trading System, ZX, reportedly supports some of the world’s largest membership of banking institutions, brokers and their wealth… Read More

February 20, 2022 @ 7:27 pm By Omar Faridi  |  

TMX Group Limited (TMX) recently announced that it has closed an equity investment, “acquiring a minority interest” in SigmaLogic, Inc. (DBA ETFLogic), a US-headquartered Fintech and provider of analytics and portfolio tools to the wealth management sector and investment fund manufacturers. This investment follows the… Read More

February 20, 2022 @ 2:17 pm By Omar Faridi  |  

Nana Murugesan, VP, International and Business Development at Coinbase (NASDAQ: COIN), says that the digital asset firm will be adopting “a go broad and go deep approach” in order to scale operations internationally so that they can further their mission of bringing more “economic freedom”… Read More

February 18, 2022 @ 12:09 pm By Omar Faridi  |  

Digital lending software provider Blend (NYSE:BLND) notes that the rise of connected consumers driving product development and reshaping the trajectory of industries across the board has “proven that finance can be lightning fast, mobile-friendly, and customer-centric.” Blend writes in a blog post that the changed… Read More

February 18, 2022 @ 8:03 am By Omar Faridi  |  

Market prices have been rising in the US at the fastest pace in 40 years — an inflation rate of 7.5% YoY compared to December’s 7%. And the overall impact of inflation has “broadened beyond pandemic-related goods and services,” the team at digital asset firm… Read More

February 18, 2022 @ 8:01 am By Omar Faridi  |  

The team at Prosper has shared their platform’s Performance Update for January 2022. Haiyan Huang from Prosper notes that in January 2022, approximately 57% of loan originations “were rated AA-B.” The company further noted that the average loan size in January “increased by 4% month-over-month.”… Read More

February 17, 2022 @ 11:08 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is reportedly looking into the relationship between the US division of Binance, the world’s largest digital asset exchange, and two trading companies with alleged ties to Binance founder Changpeng Zhao or “CZ”, according to sources familiar with the… Read More

February 16, 2022 @ 7:50 pm By Omar Faridi  |  

Qudian Inc. (NYSE: QD), a technology platform supporting the enhancement of the online consumer finance experience in China, recently announced that it has received a letter from the New York Stock Exchange (NYSE) dated February 7, 2022, informing the company that it is “below the… Read More

February 16, 2022 @ 6:15 pm By Omar Faridi  |  

Citi is a long-time partner of SIMON, both as a leading issuer of structured investments and via its wealth management division whose financial professionals use the investment platform. In alignment with the focus of both firms, this announcement underscores Citi‘s (NYSE: C) commitment to innovative… Read More

February 16, 2022 @ 4:17 am By Omar Faridi  |  

Plum, Europe’s money management app, has appointed Phu Ly to serve as Product VP, as the business gets ready for a year of steady growth following a recent $24 million Series A round. Ly has been responsible for leading product teams at high growth, digital-first… Read More