Tagged: us

August 26, 2024 @ 8:27 am By Omar Faridi  |  

New research from MillTechFX reveals hedging strategy divergence among UK and US corporates. The latest research from FX-as-a-Service pioneer, MillTechFX, has “revealed UK corporates have dropped their hedge ratios by around six percentage points, possibly due to increased political certainty, while US corporates increased theirs… Read More

August 26, 2024 @ 8:26 am By Omar Faridi  |  

The total venture capital (VC) funding raised by the US-based startups reportedly improved by 2.4% year-on-year (YoY) during January-July 2024 despite a 41% decline in VC deal volume. The country continues to lead the global VC landscape “with a significant gap over its peers, leading… Read More

August 13, 2024 @ 3:02 pm By Omar Faridi  |  

Robinhood (Nasdaq: HOOD) welcomes Jeff Pinner as Chief Technology Officer. Robinhood says they are pleased to announce that Jeff Pinner has now officially “joined Robinhood as Chief Technology Officer (CTO).” Jeff is said to be “a deeply respected innovator who will help us accelerate their… Read More

August 12, 2024 @ 2:13 pm By Omar Faridi  |  

Visa (NYSE: V) data shows spending at the 2024 Olympic Games is boosting the French economy The biggest share of overseas spend “comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Japan and Brazil.” Visa, the official payment technology partner of… Read More

August 12, 2024 @ 7:46 am By Omar Faridi  |  

The Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) on January 10, 2024, “marked a significant milestone in the landscape of crypto investment in the United States.” This, according to insights from Chainalysis. Bitcoin ETFs provide a scalable bridge “from traditional… Read More

August 7, 2024 @ 12:09 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced that Fastlane by PayPal is now available for U.S. businesses of all sizes, helping to increase their sales and drive customer loyalty in time for the upcoming holiday shopping season. Announced earlier this year, Fastlane utilizes PayPal’s payment expertise… Read More

August 6, 2024 @ 11:01 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, reported its financial results for the second quarter ended June 30, 2024. Jason Wilk, Founder and CEO of Dave, said: “2024 continues to show impressive results as we exceeded growth and profitability expectations again in the… Read More

August 2, 2024 @ 8:36 am By Omar Faridi  |  

IRS-Criminal Investigation, the US Department of Justice, and the Federal Bureau of Investigation in coordination with the German Federal Criminal Police Office (BKA) and the Attorney General’s Office in Frankfurt, reportedly seized the domain for online crypto wallet Cryptonator for allegedly failing to have “appropriate”… Read More

July 31, 2024 @ 10:41 pm By Omar Faridi  |  

AppBrilliance, an enabler of real-time payment solutions with its Money API platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US. Companies like Starbucks, CVS, Dunkin, Chick-fil-A and many… Read More

July 31, 2024 @ 11:17 am By Omar Faridi  |  

Netcapital Inc. (Nasdaq: NCPL, NCPLW), an online investment platform, has announced that the company’s board of directors “approved a reverse stock split of the company’s common stock, par value $0.001 per share, at a ratio of 1-for-70.” Netcapital is a micro-cap with a valuation of… Read More

July 31, 2024 @ 10:45 am By Omar Faridi  |  

SoFi Technologies (NASDAQ: SOFI) is reporting net revenue of $599 million and net income of $17 million for Q2 2024, marking the third consecutive quarter of GAAP profitability. Despite these fairly solid results, SoFi’s share price has barely budged in the past day. The Fintech… Read More

July 30, 2024 @ 4:05 pm By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) may be withdrawing its charges against third-party crypto tokens like Solana’s SOL as well as Polygon’s MATIC. These digital tokens have been part of the regulator’s lengthy case against crypto exchange Binance, Breaking: #Solana $SOL is no longer… Read More

July 30, 2024 @ 7:44 am By Omar Faridi  |  

Pacaso, the real estate marketplace for co-owned luxury vacation homes, marks a significant milestone with the passage of a new ordinance by the Palm Springs City Council. This is the first city in California to “affirmatively recognize and regulate co-owned homes, ensuring they are thoughtfully… Read More

July 26, 2024 @ 3:47 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) says that we are at a unique moment in American history where a stunning alignment has emerged — 9 in 10 Americans from across the political spectrum “believe the financial system needs an update.” According to a blog by Coinbase, crypto is a… Read More

July 24, 2024 @ 6:15 am By Omar Faridi  |  

American retail investors are significantly more likely to ignore ESG (environmental, social & governance) factors than consider them when investing, according to data from the latest Retail Investor Beat (RIB) from trading and investing platform eToro. In a study of 1,000 American retail investors, just… Read More

July 23, 2024 @ 10:32 pm By Omar Faridi  |  

The U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) published a suite of resources to share with financial services institutions on effective practices for their secure cloud adoption journey. These deliverables are the result of a year-long public-private partnership of… Read More

July 23, 2024 @ 8:52 am By Omar Faridi  |  

Ledger is pleased to announce the latest evolution in our partnership with Best Buy. Ledger customers now have the option “to buy a Ledger device online on Ledger.com and pick it up the same day in Best Buy stores across the US.” As a staple… Read More

July 17, 2024 @ 6:06 pm By Omar Faridi  |  

‍Akur8, the insurance pricing solution powered by “transparent” machine learning, is pleased to announce its partnership with Millennial Specialty Insurance, LLC (MSI), which is said to be one of the largest non-carrier-affiliated managing general agencies in the United States. MSI has selected Akur8’s Risk and… Read More

July 14, 2024 @ 7:10 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) has recently issued an amendment to its October 7, 2020, Cease and Desist Order against Citibank, N.A, Sioux Falls, South Dakota, related “to deficiencies in enterprise-wide risk management, compliance risk management, data governance, and internal controls… Read More

July 4, 2024 @ 1:26 pm By Omar Faridi  |  

On Friday, June 28, 2024, Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia appeared to have struck a major blow to the US Securities and Exchange Commission (SEC) Chair Gary Gensler’s “regulation-by-enforcement” campaign being carried out against secondary crypto-asset… Read More