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Finance & Economics

TD Bank Completes Cowen Acquisition

TD Bank Group, based in Toronto, announced the completion of the acquisition of the New York multinational investment bank Cowen Inc.

Finance & Economics

Walmart Teams Up With Citi on Digital Lending Platform

Walmart and Citi introduce a digital lending platform that connects the retail giant’s network of 10,000 US-based small business suppliers with 70+ lenders that may provide loans of up to $10 million

News

FTX founder Hit With Further Criminal Charges

The U.S. attorney’s office has filed new charges against FTX founder Sam Bankman-Fried.

News

Phos Brings Tap-to-Phone Tech to US With Thrive Payments

Bulgaria-based softPOS system Phos enabled payment gateway Thrive Payments to bring its Tap-to-Phone payment solution to merchants in the US

Reports

US Credit Card Debt Reaches $1 Trillion, While Delinquency Rates Rise

The New York Federal Reserve estimated that US credit card debt reached nearly $1 trillion in the fourth quarter of 2022, growing by a record $130 billion annually. The rise in delinquencies and charge-offs makes credit card issuers prepare for the worst

News

Solana Spaces Experiment Fails

Solana Spaces stores in Manhattan and Miami did not spark customers’ interest in the Solana and Web3 ecosystem, being closed after 7 months of unfruitful operations

Finance & Economics

Social Investing Platform eToro Secures NYDFS Licenses

The American subsidiary of eToro, an Israeli social investing platform, received its money transmitter and virtual currency licenses from the New York State Department of Financial Services (NYDFS)

News

Crypto Outflows Surge Amid SEC Crackdown

Institutional investors are massively withdrawing crypto funds as the SEC targets more and more aspects of the crypto industry in the US, making it harder for crypto trading platforms to provide custody, minting and staking services

Blockchain & Crypto

SEC Accuses Terraform of Fraud

Securities and Exchange Commission (SEC) The United States has accused the cryptocurrency company Terraform Labs of implementing fraudulent schemes.

News

Mastercard Adds Advanced Analytics to its Open Banking Platform to Assist SMBs

Mastercard has improved the Open Banking platform delivered by its subsidiary in order to facilitate diverse and inclusive credit models for small business loans

Blockchain & Crypto

SEC Proposes Tougher Rules for Crypto Custodians

US Securities and Exchange Commission proposed amendments to the “2009 Custody Rule” that will apply to custodians of “all assets” including cryptocurrencies

News

Binance Expects to Pay Penalties to Settle US Investigations

Binance, the world’s largest crypto exchange, has announced its intention to pay fines for settling investigations into its business in the United States.

News

FTC Distributes $115 Million to Victims of MoneyGram Payment Fraud

The US Federal government has repaired the damage of almost 40 thousand victims of fraudulent schemes processed by MoneyGram.

News

Foodcellar Market Launches Contactless Scan and Pay Shopping

In New York, Foodcellar Market stores now have the ability to scan products using a smartphone and pay for purchases by a mobile device.

Blockchain & Crypto

Flux Finance Launches Lending Token Collateralized by U.S. Treasury Debt

Flux Finance invests in U.S. government debt-backed yield farming.

News

Silvergate’s FTX and Alameda Research Dealings Face Fraud Investigation

In the United States, the prosecutors of the Ministry of Justice, who specialize in investigating cases related to fraud, have begun to study the details of the conclusion of transactions of the crypto bank Silvergate with the FTX crypto exchange and the Alameda Research company.