Crypto | Oct 27, 2023 Changpeng Zhao's New Worth Declines by $11.9 Billion According to Bloomberg, the Bloomberg Billionaires Index has adjusted its revenue estimates for Binance, one of the world's leading crypto exchanges, resulting in a 38% reduction due to a decline in trading volumes throughout 2023. Binance and CZ are also contending with
Fintech Innovation | Oct 27, 2023 Elon Musk envisions X as a central hub for all financial transactions, aiming to launch comprehensive financial services by the end of 2024. According to The Verge who listened to an audio recording, on Thursday, Elon Musk told X staff that by end of 2024, X should 'handle anything
It's possible to save on taxes by taking funds from inherited retirement accounts sooner, experts say. Here's what heirs need to know.
Oct 27, 2023 In this article we’ll discuss, what Push Payment Fraud is and whether it’s a real threat as well as what problems it can cause. In an increasingly interconnected world, where digital transactions are the norm, push payment fraud has emerged as a significant global threat. This insidious form of cybercrime affects not
Financial planning for the future can be hard if you're struggling to get through the day. Research shows mental health may affect workers' financial preparedness.
Payments Regulation | Oct 26, 2023 The final regulations under the Retail Payment Activities Act are expected to be published in the Canada Gazette II by the end of this year. The Bank of Canada is providing the following update to Payment Service Providers (PSPs) to help them prepare for the imminent final regulations (link
Regulatory Speech | Oct 26, 2023 SEC Chair Gary Gensler's Remarks at the 2023 Securities Enforcement Forum, 'Not Weary of the Fight' In fiscal year 2023, the SEC’s dedicated staff filed more than 780 actions, including over 500 standalone cases, showcasing their determination to “not weary of the fight.” This robust enforcement led to judgments
In rare cases, consumers can use their health savings accounts, or HSAs, to pay insurance premiums while preserving the account's tax benefits.
Oct 26, 2023 FinTech companies are the future of the economy in Scotland but which ones do you need to know about? The world of finance and technology has seen remarkable growth in recent years, and Scotland is no exception to this trend. Every Scottish law firm has been witnessing the rapid rise of numerous
Retail credit cards and buy now, pay later programs both allow you to spread out payments for purchases. Here's how to know which works best for your finances.
The retirement withdrawal rules for inherited individual retirement accounts are complicated. Here's what heirs need to know.
Wall Street leaders speaking at the annual Riyadh event broadly expressed varying degrees of pessimism and caution for the coming year.
With inflation and higher interest rates taking a toll, fewer Americans are setting money aside in an emergency fund, according to a new report.
Small businesses are awarded billions of dollars each year in federal contracts, but social and economic mobility factors are now a target of legal challenges.
Here's how to know if you need to take a required minimum distribution in 2023, according to an IRA expert.