High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital has worked effectively recently. On Monday (July 8), it announced
Earned Wealth has raised $200 million for its business that advises doctors on their professional and personal finances. The company provides one interconnected platform that doctors can use to consult with wealth management experts on topics that include financial planning, tax planning, wealth management and investing, Bloomberg reported Wednesday (July 10). Earned Wealth was founded in
By the middle of 2023, hackers had stolen $657 million in cryptocurrency. One year later, that figure had more than doubled to $1.38 billion, blockchain data firm TRM Labs said in a report issued Friday (July 5). “Similar to 2023, a small number of large attacks made up the lion’s share of the haul: the top five hacks and
Switzerland-based cryptocurrency wallet maker Tangem AG has launched a payments partnership with Visa. The collaboration, announced Friday (July 5), has resulted in a Visa payments card combined with a hardware wallet that lets Tangem users make payments using their crypto or stablecoin balances at merchants that accept Visa. “We are delighted that Visa has chosen to partner with Tangem, one
In response to higher interest rates, several major companies have reportedly made the decision to reduce the size of their supply-chain finance programs. This financing option, which allows companies to extend payment terms with vendors, gained popularity as it enables buyers to retain cash for longer periods while allowing companies to avoid debt on their balance
A growing number of tech firms are reportedly cautioning investors about risks related to their efforts in artificial intelligence (AI). At least a dozen major tech companies have “quietly” issued AI-related warnings this year by adding or updating them in the “risk factors” section of reports filed with the Securities and Exchange Commission (SEC), Bloomberg
It’s a challenging time at retail — both online and in-store. Merchants are grappling with a volatile economy and the fact that consumers, in at least some cases, are reining in their spending. Max Rieck, CFO at Versatile Credit; Chris Guido, head of TD Owned Brands, Sponsorships and Emerging Opportunities for TD Retail Card Services;
The companies collecting Americans’ student loans, auto loans and medical payments have some work to do. That’s according to a report issued Tuesday (July 2) by the Consumer Financial Protection Bureau (CFPB), which found numerous failures in student and auto loan servicing, deceptive and abusive debt collection practices, and complaints centered on credit cards offered by dental and medical
Circle has attained an Electronic Money Institution (EMI) license from the French banking authority, thereby achieving compliance with the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulatory framework. With this license from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), Circle’s French entity is now issuing USDC and EURC stablecoins in compliance with MiCA’s regulatory obligations for stablecoins or eMoney
Digital asset funds have seen outflows for three consecutive weeks, although the outflow slowed during the most recent week. After experiencing outflows of $600 million in each of two consecutive weeks, these funds saw an outflow of $30 million during the week that ended June 29, Bloomberg reported Monday (July 1), citing data from CoinShares