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BlockFi Latest Crypto Platform to Halt Withdrawals
With cryptocurrency exchange FTX filing for bankruptcy (after an acquisition deal with rival Binance fell through), the company's fall is impacting other crypto FinTechs as well. That now includes BlockFi. Last night, BlockFi announced that it was pausing withdrawals for customers and also requested that users not deposit funds at this time. In a statement posted to their Twitter account, BlockFi noted that the move was necessary due to news...
FinTech News
Tellus Raises $26 Million to Fuel Continued Growth
A company that helps consumers grow their savings via real estate has just closed an early investment round itself. This week, Tellus announced that it had raised a total of $26 million. That includes a $16 million seed round led by Andreessen Horowitz, as well as a $10 million SAFE note from early investors. Also participating the in seed round were All-Stars Investments, Alumni Ventures, Decent Capital, Vectr Ventures, West...
Credit Card News
American Express Makes Adjustments to Platinum Card Benefits
With an annual fee of $695, the Platinum Card from American Express is regarded as a premier travel and "lifestyle" card. However, the company has also sought to provide its members with value for that fee, often partnering with various brands to bring credits and benefits to cardholders. On that note, Amex has recently made a pair of updates to the card that will likely be positively received by customers....
FinTech News
Zip Expands Pay-in-4 Platform with Launch of Zip Card
With demand for "buy now, pay later" services still proving strong, the BNPL platform Zip has revealed its latest offering. Previously known as Quadpay, the Australian FinTech has announced the launch of Zip Card in the United States. Using the card, customers will be able to utilize the company's "Pay-in-4" service nearly anywhere Visa is accepted. The Zip Card is issued by WebBank. According to Zip, following a pilot program...
FinTech News
MoneyGram Adds Support for Buying, Selling, and Holding Crypto
Before the days of digital peer-to-peer money transfer, consumers relied on such services as MoneyGram to send money to loved ones. As technology as shifted, however, MoneyGram itself has had to evolve beyond its core product. Now, the company is once again expanding its reach by getting into the world of crypto. Recently, MoneyGram joined the ranks of P2P apps such as PayPal, Venmo, and Cash App by adding the...
Best of the Web
Top 10 Personal Finance Articles of the Month — October 2022
It’s time again for one of my favorite features here on Dyer News: a look at the top 10 personal finance articles of the month. To kick things off this month, we'll look at a trio of posts covering various aspects of investing. Then, we'll talk about building wealth and those who strike it rich. Finally, we'll look at bank bonuses, buying time, financial independence, and more. As usual, this...
FinTech News
