Ripple Enters Lending With XRP Credit Lines to Fund Global Payments
Ripple, the payments startup with an IPO in the cards and a complex relationship with the XRP cryptocurrency, is branching out into lending. Source
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Every Credit Card a Tribe, Every Crypto Coin a Scaling Debate
A bunch of my friends from high school back in Kansas were getting together for a birthday at a hometown bar a little while back and I, now a New Yorker, couldn’t be there. So I told one of my buddies to buy everyone a round and Venmo me for
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Valentus Capital Plans $50M Token Raise for Credit Fund: Report
The yet-to-be-registered asset manager hopes to launch its VAL1 token later this year. Source
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Credit Suisse to Challenge Revolut and N26 with Its Digital Banking App
Credit Suisse is to launch a digital banking app to rival the likes of Revolut and N26. The CSX app will feature free online banking tools, including an online debit card and other capabilities such as mortgage applications, investments and pensions.Swiss investment banking company Credit Suisse Group AG (SWX: CSGN)
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Nexo Adds Tron (TRX) to Its Instant Crypto Credit Lines
Nexo-Tron partnership introduces the first ever TRX-backed fiat credit line to accept TRON (TRX) as collateral.Nexo and TRON Foundation have come together to oversee further TRX adoption through DeFi utility. According to a joint press release, Nexo will list TRX as a collateral for its customers. As a result, it
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Framework Ventures Leads $1 Million Seed Round for Teller — To Bring Your Credit Score to Blockchain – Blockchain News, Opinion, TV and Jobs
Blockchain-fueled project for decentralized lending Teller is looking at a $1 million seed raise led by Framework Ventures, followed by Parafi Capital and
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Here’s Why You Shouldn’t Buy Credit Suisse’s Shocking U-Turn on the Stock Market
Credit Suisse’s Jonathan Golub–one of Wall Street’s most bearish strategists–has raised his forecast for the U.S. stock market. Downside risks are “less ominous,” says Golub, thanks to unprecedented central-bank intervention and declining bankruptcy filings. Although Credit Suisse has raised its price target by 18.5%, that reflects most of the gains since March.
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Samsung-Backed Blocko to Build Blockchain-Based Credit System for Arab Bank
The research arm of Suadi Arabia’s Islamic Development Bank Group is aiming to develop a blockchain-based smart credit management system.To achieve this, the bank's Islamic Research and Training Institute, or IRTI, has partnered with the Samsung-backed blockchain provider Blocko. The partnership comes as a part of the E24P regional consortium
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Dark Web Merchants Sell Thousands of Stolen Credit Card Numbers
New research by cybersecurity firm, Cyble Research Team, revealed that on May 29, data for more than 80,000 credit cards were put up for sale on the dark web. The data from these cards appears to have been gathered from various countries around the world.According to the announcement, the data
Read MoreJPMorgan Chase Settles Crypto Credit Card Lawsuit for $2.5M
Banking giant JPMorgan Chase settled a 2018 lawsuit recently, with a $2.5 total payout — the result of unclear fees charged when using credit cards for crypto purchases. A May 26 court document detailed:"The Court notes that Defendant JPMorgan Chase Bank, N.A., f/k/a Chase Bank USA, N.A. (“Chase” or “Defendant”) has
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