Is Robinhood’s crypto push bound to fail?

Is Robinhood’s crypto push bound to fail?

Reporting by Business Insider exposed a woefully delayed pivot to crypto trading by Robinhood. An overly cautious legal team and leadership churn further contributed to the slow pace.

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How finance plays a role in gun control

How finance plays a role in gun control

Daniel Defense, which allegedly manufactured the weapon used to kill 21 people last week at Robb Elementary School in Uvalde, Texas, offers BNPL financing through the fintech Credova. Larger BNPL providers, like Affirm, Afterpay, and Klarna, do not work with firearms sellers in the U.S.

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SWIFT, Capgemini eye interoperable CBDCs

SWIFT, Capgemini eye interoperable CBDCs

The international payments network, in partnership with Capgemini, a French IT services company, is testing how to interlink domestic Central Bank Digital Currencies (CBDCs) for international payments.

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Reconsidering the dollar bill

Reconsidering the dollar bill

In an op-ed for MIT Technology Review, Lana Swartz, who studies the history and future of money at the University of Virginia, reflects on monetary tools that serve public interests. Cash, she argues, is the best financial technology for community and individual autonomy.

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Oyo to delay IPO plans

Oyo to delay IPO plans

The Indian hotel proptech is pushing back plans for a public launch due to volatile market conditions. Oyo had previously fired thousands of employees at the start of the Covid-19 pandemic.

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Small businesses are people, too, with Grasshopper Bank

Small businesses are people, too, with Grasshopper Bank

In an interview with The Financial Revolutionist, Danielle Kane, Director of Small Business Banking at Grasshopper Bank, explains the bank’s lean partnership model, describes how small businesses can operate like consumers, and hints at the bank’s long-term goals.

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Is FTX gearing up for a Robinhood takeover?

Is FTX gearing up for a Robinhood takeover?

The cryptocurrency exchange announced that select users in the U.S. have access to commission-free trading for hundreds of exchange-listed securities, including both stocks and ETFs.

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Plaid ups the ante against Stripe

Plaid ups the ante against Stripe

Plaid announced that it’s launching products that offer identity verification, which hopes to make account linking and identity verification a simultaneous process. The company is also moving into ACH payments.

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Crypto may be crashing, but its carbon footprint isn’t

Crypto may be crashing, but its carbon footprint isn’t

Alex de Vries, a data scientist at the Dutch Central Bank, said the crypto sector’s $1T loss in the past few months may have slowed the growth of data mining, but it hasn’t decreased it. He estimated that, respectively, Bitcoin and Ether use as much electricity as Thailand and Kazakhstan.

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Realtor.com includes wildfire risk in listings

Realtor.com includes wildfire risk in listings

Last week, the real estate listing giant said it would display the risk of a home being damaged in a wildfire over the next thirty years in its listings. The data comes from the First Street Foundation as well as the U.S. Forest Service.

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Ally moves into human advisory services

Ally moves into human advisory services

Ally Financial announced the launch of a new wealth management offering, which provides access to human advisors, rather than robo advisors, for clients with more than $100,000 in investable assets.

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Is the SEC about to get defanged?

Is the SEC about to get defanged?

In a 2-1 decision, the U.S. Court of Appeals for the Fifth Circuit ruled that the SEC’s use of an administrative judge violated a defendant’s seventh amendment right to a jury trial. Judge Elrod, who was appointed to the court by President George W. Bush, wrote the majority opinion.

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Compliance as a gateway to growth with Federico Baradello (Finalis)

Compliance as a gateway to growth with Federico Baradello (Finalis)

In an interview with The Financial Revolutionist, Federico Baradello, Founder and CEO of Finalis, dives into his company’s mission, outlines how compliance can be a strategy for growth, and encourages other entrepreneurs to find “unsexy” but promising niches to disrupt.

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CFPB calls on other agencies to work in lockstep

CFPB calls on other agencies to work in lockstep

The Consumer Finance Protection Bureau (CFPB) said on Monday that it will start distributing Consumer Finance Protection cyclicals to other agencies and enforcers. The CFPB hopes the documentation can create more consistent consumer finance enforcement across the U.S. regulatory landscape.

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Miami Mayor’s endorsement may land MiamiCoin in hot water

Miami Mayor’s endorsement may land MiamiCoin in hot water

Reporting by Quartz suggests that Mayor Francis Suarez of Miami may have “tripped” regulatory wires during interviews in support of MiamiCoin. The cryptocurrency is a city-specific virtual currency created by CityCoins, and is designed to provide free money to cities.

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