Crypto hedge fund defaults on $670M loan

Crypto hedge fund defaults on $670M loan

Cryptocurrency hedge fund Three Arrows Capital (3AC) has failed to make payment on a loan issued by crypto broker Voyager Digital. This marks the largest institutional crash of the current “crypto winter.”

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Investing in fintechs with Information Venture Partners

Investing in fintechs with Information Venture Partners

In an interview with The Financial Revolutionist, Jane Podbelskaya, Principal at Information Venture Partners, suggests economic fundamentals will help early-stage fintechs weather upcoming volatility, and will make them capable of sustained growth under any economic conditions.

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India’s BNPL journey is off to a rough start

India’s BNPL journey is off to a rough start

Last week, the Reserve Bank of India, the country’s central bank, banned loading pre-paid payment instruments using credit lines. The regulatory shift effectively outlaws the business strategy of major BNPL providers in the country.

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How a recession might shake up the C-suite

How a recession might shake up the C-suite

More companies are using interim or fractional Chief Marketing Officers to grow their businesses while minimizing costs. The trend has become more popular during the pandemic due to the rise of remote work—and seems poised for even greater growth during a recession.

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Where have all the SPACs gone?

Where have all the SPACs gone?

Special Purpose Acquisition Companies (SPACs) once seemed like the future of public launches. But, where there were more than 300 SPAC IPOs in Q1 2021, less than 70 took place a year later.

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Inflation may be a boost to rewards programs

Inflation may be a boost to rewards programs

With a surge in gas prices, travel costs, groceries, and rent, US consumers are adopting cost-cutting measures. Many are turning to credit card rewards programs as a needed windfall, especially cards with cashback offerings.

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Hedge funds anticipate a recession

Hedge funds anticipate a recession

US-based hedge funds are making more conservative bets on stock prices than they have in a decade. Funds like Bridgewater and BlackRock have increasingly taken short positions on billions of dollars in assets.

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What’s the financial sector doing post-Roe?

What’s the financial sector doing post-Roe?

The Supreme Court overturned Roe v. Wade on Friday, ending the federally protected right to an abortion. In response, banks and financial institutions like JPMorgan Chase, Wells Fargo, and Goldman Sachs said they would cover travel costs for employees seeking an abortion in other states.

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Millennials report low confidence in retirement plans

Millennials report low confidence in retirement plans

Research by Alto Solutions, Inc., a self-directed IRA provider, claims 53% of millennial investors aren’t confident they will ever be able to afford retirement. And 76% worry that a market crash could erase their savings.

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Is a recession really coming?

Is a recession really coming?

A recession is defined as a “significant decline in economic activity that is spread across the economy and lasts more than a few months.” The uncertainty of the term, as well as improving supply-chain conditions in the auto industry, suggest a slump isn’t inevitable.

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Outsourcing the front office with Northern Trust

Outsourcing the front office with Northern Trust

In an interview with The Financial Revolutionist, Gary Paulin, Head of Global Strategic Solutions at Northern Trust, argues that the future of the front office rhymes with the cloud-computing landscape. He envisions an ecosystem of partnerships built around a client’s value chains, which, he asserts, would offer all firms the opportunity to compete with the fund manager giants.

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Rent increases may seriously affect proptech’s future

Rent increases may seriously affect proptech’s future

The Council of Economic Advisers reported that skyrocketing rents were responsible for 40% of the Consumer Price Index increase in May. At least 35% of people in the U.S. live in rented housing.

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Making sense of Klarna’s tanked valuation

Making sense of Klarna’s tanked valuation

The BNPL giant is in talks to fundraise at a $15B valuation. It had previously been valued at $46B.

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Remaking Samsung Pay

Remaking Samsung Pay

Samsung announced that it’s merging its Pay and Pass apps into Samsung Wallet, a single, integrated platform for financial products, official documents, home and car keys, and more. Users in France, Germany, Italy, Spain, the UK, and the US are the first to have access to the updated service.

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The metaverse may be a gateway for marijuana payments

The metaverse may be a gateway for marijuana payments

Golden Ark, a marijuana payments startup, has launched a metaverse-based payments system. It’s developed virtual cannabis as a cryptocurrency that supports real-life cannabis authentication and transactions.

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