A recent conversation with her seven-year-old nephew reminded Ranjita Iyer about trust, one of the foundational elements of the financial system.
Researches have investigated price manipulations in cryptocurrencies and have written a paper titled “Price Manipulation in the Bitcoin Ecosystem” which shares their findings; many of the newer cryptocurrencies as well as bitcoin in the early days were subject to manipulation since they were thinly traded; the article also shares instances of fake trades during the Mt.Gox hack. Source
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Astra and Cross River Bank announced a partnership to launch the first-ever account-to-account (A2A) debit transfer product.
- Real Estate Fintech Firm Unison Announces 2018 Expansion Plans
- Canopy Receives Further Investment from Round Hill Capital
- Lendable hits £100m lending landmark
- PeerStreet Continues to Expand Resources and Technology Services to Lenders
- AutoGravity Puts More Than One-Million Users In The Driver's Seat, Growing More Than Ten-Fold In Just One Year
- Fundation Purchases Select Assets from Able Lending to Enhance Partnership Strategy
The company turns premium bonds into an interactive social experience by allowing users to tap and spend money to win instant cash rewards.
Arthur Levitt, former Chairman of the Securities and Exchange Commission, says the recent scandal at SoFi has cost them approval of their special bank charter; he tells the FT, “So for a company as aggressive as SoFi, I think the chances of that happening were slim. Now they become almost impossible.” Source
PayPal crypto chief Jose Fernandez da Ponte said plans to let users move their crypto holdings to third-party wallets have been in the works since 2021.
AltFi reports on the new deal where Varengold Bank AG will provide £45m annually to the platform; Varengold is a German private bank which was granted a commercial banking license in 2013; MarketInvoice recently signed a similar partnership with Banco BNI Europa earlier this year. Source
Earned Wage Access (EWA) providers could be creating potential consumer debt with the same perspective for jeopardy as BNPL.