California-based Ripple aims to arm enterprise clients with tools to integrate cryptocurrencies with their existing operations. It promises to enable cross-border payments, facilitate instant payments and help manage crypto holdings. Its liquidity hub platform is designed to connect businesses with market makers, exchanges and over-the-counter desks in cryptocurrency markets.
and Instant Payouts on Transfer, a service allowing businesses to disburse loan payments, insurance payouts and wages instantly. It has raised a total of $735 million from Altimeter Capital, Silverlake and Index Ventures.CEO Zach Perret, 35, and former CTO William Hockey, 33, the cofounder of Fintech 50 member Column.OpenSea is a peer-to-peer marketplace for NFTs, unique digital collectables which can represent real-world or online items.
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California insurance market rattled by withdrawal of major companiesTwo insurance industry giants have stepped back from the California marketplace. They say that wildfire risk and soaring construction costs have prompted them to stop writing new policies. State Farm announced last week it would stop accepting applications for all business and personal lines of property and casualty insurance. Allstate announced in November it would pause new homeowners, condo and commercial insurance policies in the state. California’s unsettled market aligns with trends across the country. Insurance companies are boosting rates, limiting coverage or pulling out completely from regions susceptible to wildfires and other natural disasters.
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4 Dairy Companies With the Worst Food Quality PracticesMilk-drinkers are learning more about where their dairy really comes from, and the food-quality practices that are used manufacturing it.
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SEC lawsuits against cryptocurrency companies raise questions about industry’s futureFirst came the crypto winter, then the alleged fraud wrought by FTX founder Sam Bankman-Fried, and now the lawsuits.
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SEC lawsuits against cryptocurrency companies raise questions about industry's futureTwo recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns
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SEC lawsuits against cryptocurrency companies raise questions about industry's futureTwo recent lawsuits filed by the U.S. Securities and Exchange Commission against the world’s biggest cryptocurrency exchanges have reopened tensions between the government and a volatile industry that has been marred by scandals and market meltdowns. The lawsuits against Binance and Coinbase are the latest in an ongoing tussle between government officials who describe the crypto industry as the “Wild West” and creators of digital assets who seek to legitimize cryptocurrency as a currency of the future. Industry leaders say that with their latest actions, U.S. regulators are now more clearly signaling that they seek to ensure that cryptocurrency has no room in the traditional financial system.
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