Author: Fioney Staff
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Hack Affects “Almost 2,000” Robinhood Accounts
It seems that the uber-popular trading app Robinhood has run into more issues. According to a report from Bloomberg, a hack left nearly 2,000 Robinhood accounts compromised. In some cases, those accessing the accounts sold off assets being held and transferred the funds. While Robinhood didn’t offer many details on their findings, they state that…
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What Percentage of the Total Federal Taxes Does Each State Pay?
As the 2020 election nears (with voting already occurring in several parts of the country), there’s been a lot of talk about how different states in the union compare. For example, some have bemoaned the fact that, while the population of a state has an influence on the number of representatives it has in Congress…
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Grocery Store Spending Rises During Pandemic
When COVID-19 lockdowns began in March of this year, many Americans understandably stocked up on groceries as uncertainty grew. Yet, with current crisis now in its sixth month, it seems that many shoppers are still spending more at the supermarket. According to a survey by LendingTree, adults are seeing their grocery budgets grow despite making…
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Crypto Card Issuer Ternio Joins Visa’s Fast Track Program
Visa’s Fast Track program has found its newest participant: blockchain card issuer Ternio. By partnering with Visa, Ternio says it will be able to make it even easier for other FinTechs to introduce “crypto-friendly payment experiences.” This is to say that customers will be able to manage and even earn cryptocurrencies while still utilizing fiat…
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American Express Announces Virtual “Summit for Success” Event for Small Businesses
American Express has announced that the 2020 edition of the Business Class LIVE: Summit for Success will take place on Tuesday, October 20th. While the Summit is typically held in person, this year’s event will take place in a virtual campus from 9 a.m. to 5 p.m. EDT. This digital space will host seminars throughout…
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Clair Raises $4.5 Million to Disrupt Payday Loans
Over the past several months, there’s seemingly been an uptick in venture capital funding for FinTechs who help ease financial pain points that the current pandemic has exacerbated. Take, for example, the need for those who are working to access their money quickly in order to catch up on their bills. That’s what the startup…
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New Chase First Banking Account Teaches Kids About Personal Finance
With financial education mostly lacking in public school systems, it’s often up to parents to instill good money habits in their children. Of course, complicating that goal is the fact that most of today’s transactions occur digitally, making it difficult for kids and teens to fully grasp some financial concepts. Now Chase has unveiled a…
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Square Announces $50 Million Bitcoin Purchase
Square has just made a major investment in cryptocurrency. The Jack Dorsey-led FinTech announced this week that it had purchased 4,709 Bitcoins. With a total price tag of $50 million (which amounts to approximately 1% of Square’s total assets as of the end Q2), this means that the company paid around $10,600 per coin. News…
