Category: Personal Finance
Personal finance and money management can be very confusing. Most people know that optimizing their finances is important but few feel confident that they have the knowledge to do so.
At Fioney we stay on top of the latest economic trends, financial products, and money management strategies in order to provide the knowledge to help you use the money you have today to live the life you want.
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Personal Finance
Personal Finance
White Star Capital Closes $50 Million Digital Asset Fund
Despite a rough week in the world of crypto, venture capitalists continue to see potential in the space. Case in point: White Star Capital has announced that it's raised $50 million to create a Digital Asset Fund (DAF), which will invest in various blockchain-enabled businesses and crypto networks. Previously, the fund's target was $30 million, but that figure grew as more backers jumped in. Among those backers were Bpifrance and Ubisoft. Running...
Personal Finance
Employee Retirement Plan Participation in 2020 On Par with 2019
It goes without saying that 2020 was an unprecedented year that changed the lives of nearly all Americans. This includes several financial impacts that arose as lockdowns went into effect and as businesses' sales suffered. Nevertheless, Bank of America's 2021 Financial Life Benefits Impact Report (which looks at figures from the year prior) shows that many employees continued saving for retirement despite the challenges. According to the latest report, 58%...
Personal Finance
Current Announces Partnership with Decentralized Finance Platform Acala
As many aspects of money modernize, the lines between FinTech and traditional finance have begun blurring. Similarly, another trend has brought fiat currencies and cryptocurrencies closer together, allowing all kinds of platforms to harness the power of blockchain. With that in mind, two FinTechs have revealed plans to create a "HyFi" platform. This week, the FinTech banking platform Current announced that it would be working with Acala, a decentralized finance...
Personal Finance
FinTron Announces Partnership with LendingClub Bank
Over the past few years, several FinTech firms have taken a stab at building a better banking account. In many cases, these startups are able to tailor the banking experience to better serve a specific type of customer. Yet, these bold ideas cannot become reality without the help of a licensed bank that can provide FDIC insurance to customers. With that in mind, this week, FinTron announced a partnership with...
Personal Finance
Tesla Discontinues Acceptance of Bitcoin for Vehicles
Elon giveth and Elon taketh away. Less than six weeks after Tesla began accepting Bitcoin as a form of payment for its famed electric vehicles, Musk has announced that the company will halt this practice. In turn, the price of $BTC has fallen sharply. In a tweet, Musk cited environmental concerns related to the mining of Bitcoin as the reason why the car company was suspending acceptance. He wrote, “We...
Personal Finance
SoFi Introduces New Weekly Dividend ETF $WKLY
Over the past few years, SoFi has continually kept things interesting by debuting new features and products at a rapid clip. Now they’re at it again, adding another exchange traded fund to its line-up. This week, SoFi introduced its latest ETF: the SoFi Weekly Dividend ETF ($WKLY). With this ETF, shareholders will receive weekly dividend distributions — or so the ETF intends. As the FinTech explains, “Securities selected for the...
Personal Finance
