US - page 81

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

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

Solana Spaces Experiment Fails
Blockchain & Crypto

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

Social Investing Platform eToro Secures NYDFS Licenses
Blockchain & Crypto

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)

Crypto Outflows Surge Amid SEC Crackdown
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

SEC Accuses Terraform of Fraud
News

SEC Accuses Terraform of Fraud

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

Mastercard Adds Advanced Analytics to its Open Banking Platform to Assist SMBs
Finance & Economics

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

SEC Proposes Tougher Rules for Crypto Custodians
News

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

Binance Expects to Pay Penalties to Settle US Investigations
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.

FTC Distributes $115 Million to Victims of MoneyGram Payment Fraud
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.

Foodcellar Market Launches Contactless Scan and Pay Shopping
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.

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

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

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

Silvergate’s FTX and Alameda Research Dealings Face Fraud Investigation
Finance & Economics

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.

Сourt Dismisses Class Action Suit Against Coinbase
News

Сourt Dismisses Class Action Suit Against Coinbase

U.S. District Court Judge Paul Engelmeier dismissed the class action against Coinbase.

Walmart Launches Savings Offer for New US Sellers
Finance & Economics

Walmart Launches Savings Offer for New US Sellers

Retail giant Walmart has launched a new exclusive savings offer for those US-based merchants who start selling on Walmart Marketplace

NY Bill to Allow Crypto Payments to State Agencies
Blockchain & Crypto

NY Bill to Allow Crypto Payments to State Agencies

The state of New York is considering a bill allowing citizens to use cryptocurrency to pay for the services of public institutions.

BNY Mellon and Fiserv Partner on Real-Time FX Rate Quotes
Finance & Economics

BNY Mellon and Fiserv Partner on Real-Time FX Rate Quotes

The partnership between Fiserv and BNY Mellon brings US financial institutions one step closer to fast and easy cross-border transactions