The document is the first publication from the department to stem from President Biden's executive order on digital assets.
Global payments provider and shopping juggernaut Klarna is making a play for a bigger piece of the American market's pie with new services.
Loot is a banking app designed to help the millennial generation with tracking how much they spend and how to better budget their money; the company does not have a banking license due to the associated regulatory burdens and costs, though they do partner with the German payments company Wirecard; they now offer paycheck deposits with two free ATM withdrawals a month and will soon have the ability to do international money transfers with low fees. Source
Bitcoin's price has been gaining in recent days; CNBC reports on its new high of $3,586.23 on Friday; over the weekend it continued to gain, surpassing $4,000; with the new highs the cryptocurrency’s value has gained over 24% in the past week and tripled in value for the year; its split into bitcoin and bitcoin cash has been a lead catalyst for its recent price gains; an additional upgrade called “segregated witness” is also being supported. Source
A group of former executives from Binance, one of the largest cryptocurrency exchanges globally, has created a $100 million venture fund, the team told TechCrunch on Thursday.Old Fashion Research (OFR) – whose name is derived from the classic cocktail – was founded in late 2021 by managing partners...
Its platform focused on funding from fans for internet celebrities on YouTube, Twitch and other live streaming platforms; in August it raised 119.5 ether which is about $47,000; the SEC notified Protostarr of its investigation however a final status has not been reported; the firm says forming a legal department to manage the ICO investigation and potential need for registration is not within its short-term plans and it will refund its ICO investors. Source
While bitcoin's price has been reaching new highs its trading volatility has also been high; market momentum has recently been slowed by a number of factors including exchange regulation and new fees in China and the denial of the Winklevoss bitcoin ETF; Business Insider charts the cryptocurrencies progress and reports a double top with a neckline at $1,100 noting that if the price falls below the chart's neckline, technical analysis would indicate it's likely to fall even further, giving it a new expected average of approximately $900; given recent market factors a significant decrease in China trading volume and the technical analysis, bitcoin's price appears to be headed lower. Source
Investors Boost Savings, Increase Digital Engagement Fintech startup Karat has launched a new charge card designed for YouTube, Instagram, and...
Tackling the cost-of-living crisis is a top priority. Wading through bank statements and scouring the internet for deals can help.
Alibaba announced it was taking a 33 percent stake in their fintech affiliate Ant Financial; the agreement allows for Alibaba to pick of shares of Ant Financial and also ends the revenue share agreement they had in place; TechCrunch reports the deal was focused on “certain intellectual property rights owned by Alibaba exclusively related to Ant Financial.”; Alibaba saw their shares drop after the announcement and many think this is a prelude to Ant Financial’s IPO. Source.