Cryptocurrency exchange Kraken has raised $800 million in funding, bringing its valuation to $20 billion. This marks a significant milestone for the company, which has been rapidly expanding its offerings and global reach. The funding, which was raised in two tranches, comes just two months after Kraken was valued at $15 billion in a previous … Read more
The end of the 43-day federal government shutdown is delivering an unexpected boost to the U.S. economy. Business activity increased for the second consecutive month, with overall output reaching its highest level since midsummer. According to S&P Global’s Flash U.S. Composite PMI, released Friday (Nov. 21), the index rose from 54.6 in October to 54.8 … Read more
As inflation continues to rise and job prospects remain uncertain, a significant number of Americans are feeling the financial strain. According to a recent survey, nearly seven in 10 Americans are now living paycheck to paycheck, with many struggling to meet basic financial obligations. Rising prices for essential goods, combined with fears about the economy, … Read more
Apple Pay and Apple Wallet have emerged as powerful players in the digital payments landscape. At the recent Money 20/20 USA event, Jennifer Bailey, Vice President of Apple Pay and Apple Wallet, highlighted the remarkable progress the company has made in replacing traditional physical wallets with secure digital alternatives. Since launching, Apple Pay has quickly … Read more
In a significant move to integrate digital assets into mainstream finance, Citi and Coinbase have announced a partnership to enhance digital asset payment capabilities for institutional clients. The collaboration is set to revolutionize the way businesses handle cross-border transactions by leveraging Citi’s global payment network alongside Coinbase’s expertise in digital assets. This partnership is part … Read more