The U.S. Consumer Financial Protection Bureau (CFPB) plans to start regulating “buy-now, pay-later” (BNPL) companies like Klarna and Affirm Holdings due to worries their fast-growing financing products are harming consumers, the agency said on Thursday. The watchdog, which does not currently oversee BNPL companies or products, will issue guidance or a rule to align sector […]
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The financial sector has come to understand how revolutionary blockchain technology can be for increasing revenue, enhancing the end-user experience, streamlining the delivery process, increasing efficiency, and lowering business risk. Like any other sector in technology, fintech is ever developing. Every day, a number of new finance applications emerge that provide improved and innovative methods […]
Banks’ cryptocurrency projects have been upended by U.S. Securities and Exchange Commission (SEC) accounting guidance that would make it too capital-intensive for lenders to hold crypto tokens on behalf of clients, according to more than half a dozen people with knowledge of the matter. A slew of lenders including U.S. Bancorp, Goldman Sachs Group Inc, […]
The rollout of the eagerly anticipated iPhone series is here. Apple is preparing its users for the transition by releasing the newest iOS 16. It might be the most exciting iOS update Apple has ever given us. Loads of new features, soon to be iconic and most probably copied by various phone manufacturers. Here […]
The Ethereum blockchain has undergone a major software upgrade, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday. The new system will use 99.95 percent less energy, according to the Ethereum Foundation. The upgrade, which changes how transactions occur and how ether tokens are created, could give Ethereum a major advantage as […]
On the blockchain, Non-Fungible Tokens (NFTs) effectively serve as a means of proving ownership. They can store data from any digital object, including artwork and music files. In the world of sports and sports collectables, it is a ripe ground of the best sports NFTs to surface. Ownership of NFTs may be confirmed via the […]
The sporty all-electric car from the Netherlands resembles a BMW coupe, but is unique: It captures more carbon than it emits. “Our end goal is to create a more sustainable future,” said Jens Lahaije, finance manager for TU/ecomotive, the Eindhoven University of Technology student team that created the car. Called ZEM, for zero emission mobility, […]
Blockchain has already made its mark on the world. The cryptocurrency world has blockchain at its core, moving many industries forward and changing lives. This distributed ledger technology (DLT) might disrupt many carrier fields, but that doesn’t mean it won’t benefit many others. Blockchain is already finding its way to mainstream appeal, but when will […]
U.S. investment in foreign chip companies is a potential concern for the Biden administration, a White House official said on Wednesday, but he stressed it has not yet made a final decision on a potential mechanism regulating U.S. investments in China. National Security Council official Peter Harrell heralded the administration’s efforts to kick-start U.S. chipmaking […]
The world of fintech is forever evolving. It needs to be, and the need for it to match our high level of demands requires it to be. Significant trends are introducing themselves to the world to notice their existence. If you take a closer look, you might find your golden ticket, perhaps the direction that […]