A Mongolian telecoms company will issue its own digital currency after getting formal approval from the central bank. Mongolia’s largest mobile telecoms operator has become the country’s first licensed entity to issue its own digital currency. This is according to a report by the official state media outlet Montsame Friday, September 28. Mobicom’s financial arm […]
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sponsored A company offers digital currencies based 1:1 on allocated physical gold and silver. The ownership of the gold is digitized with blockchain technology. Gold-based monetary system Kinesis aims to bring price stability to the world of cryptocurrency and to prevent the decrease of its value. The company says it has already attracted interest from […]
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The Federal Trade Commission (FTC), working in conjunction with the U.S. Department of Justice, announced on Thursday (Sept. 27) that it is mailing 1,179,803 refund checks totaling more than $505 million to people who were deceived by a payday lending scheme operated by AMG Services, Inc. and Scott A. Tucker. In a press release, the […]
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If the world were a more logical place, said Chris Walters, CTO and co-founder of Scratch, it would always be easy for a borrower to pay their debts as quickly and easily as possible. Everyone’s goals would be aligned, ensuring that funds are repaid on time and with minimal investment of time or energy. But, Walters […]
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Experts conclude in a joint report that Colombia’s draft bill on crypto regulation has “inconsistencies and weaknesses.” A draft bill on crypto regulation presented to Colombia’s Congress has been heavily criticized by the local tech sector, Colombian financial journal Dinero reports Tuesday, September 24. The draft was introduced in late July by senator Carlos Abraham […]
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Ripple is launching a formal social impact program that will invest a total of $105 million in projects focused on education and financial inclusion. Ripple is launching a formal social impact program, dubbed “Ripple for Good,” according to a press release published September 27. The initiative will pool $25 million from the firm together with […]
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Look-alike domains are increasingly finding favor with criminals eager to rip off online shoppers, according to a new report from Venafi, a cybersecurity firm. Its research found that the “total number of certificates for look-alike domains is more than 200 percent greater than the number of authentic retail domains.” To drive home the danger and […]
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In fundraising news Thursday, Opendoor, the home selling startup, said that it has raised $400 million from SoftBank’s Vision Fund. As VentureBeat noted, the latest announcement comes on the heels of a $325 million fundraising round seen three months ago, that time as a Series E. The cumulative tally raised to date comes to more […]
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There is no shortage of app and eCommerce platforms out there looking to match up consumers with personal shoppers. As a well-established part of high-end luxury retail experiences, the digital migration of personal shopping makes sense in the current retail context. Consumers shop online more often, since they are shopping digitally more often – but more […]
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To seek a broader audience, J.Crew plans to create a brand that appeals to younger women. CEO Jim Brett, said the retailer sees itself as a company with more than two brands, the Chicago Tribune reported. “We’ll be announcing one new brand this year,” Brett told Bloomberg TV. “It is aimed at women, and it’s […]
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