The year 2016 has already brought out a major investment for the blockchain industry. Gem, a blockchain platform provider, announced yesterday (Jan. 6) that is secured a $7.1 million Series A funding round, which was led by Pelion Venture Partners and participated in by KEC Ventures,...
In the latest chapter of the Bernard Madoff Ponzi scheme saga, JPMorgan Chase & Co. executives, including Chief Executive Officer Jamie Dimon, avoided a continued legal challenge. As The New York Times reported on Wednesday (Jan 6.), Dimon, et al., dodged a legal bullet when a...
The very fact that connecting every device, appliance and machine in a home and across a city seems like a plausible development within the next few years should be proof of the progress the Internet of Things has accomplished so far. However, it might take...
The overall amount that small businesses in the United States borrowed slipped for the second straight month in November, reported Reuters on Tuesday (Jan. 5). The numbers for the month’s Thomson Reuters/PayNet Small Business Lending Index came in at 127.4, which was down from 129.9 in October...
The latest iPhone model may experience production cuts in the coming months, according to Nikkei Asian Review. The business daily said inventories of Apple’s iPhone 6s and 6s Plus have swelled since the phones were released last September, and production may be reduced by as much...
“Whole Foods-type products at Costco-like prices.” That’s how Thrive Cofounder and Co-CEO Nick Green, speaking to Fortune, describes his company. Launching late in 2014, Thrive Market is an online-only retailer of natural and organic products, whose revenue stream comes mainly from its $60-per-month subscription fee....
ECommerce platform FreedomPay is promising to make paying bills at restaurants much easier with the launch of its Pay-At-Table solution. The solution will essentially allow customers to pay using their EMV-enabled cards or through mobile wallets, like Apple Pay, Samsung Pay and Android Pay, right at their...
The FinTech industry had a good run in 2015, but as ever, the rearview mirror is nice for sentiment, while the key question remains what lies ahead. As Forbes reported Tuesday (Jan. 5), the startup pantheon within FinTech numbers 5,000 to 6,000 companies. So, what subsets stand...
A duo of payday lenders have settled charges from the Federal Trade Commission (FTC) that they charged consumers in the United States for fees that had remained undisclosed and inflated, the FTC reported on Tuesday (Jan. 5). The two firms named in the release — Red Cedar...
