Ripple is thriving off the failures of antique SWIFT system, market analyst tells Boom Bust

Ripple, the company behind cryptocurrency XRP, has raised US$200 million in its latest investment round – bringing its valuation to $10 billion – as the startup aims to further grow its cross-border payments business. However, the success of the San Francisco-based firm, with its growing base of consumers sending live payments, did not result in […]

How to Save the World from Financialization

Labour Party advisor and author Grace Blakeley discusses her just released book, Stolen: How to Save the world from Financialization. The post How to Save the World from Financialization appeared first on The Real News Network. Source: Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By: Automation […]

A Russian hacking group literally called ‘Evil Corp’ stole $100 million from banks

Sometimes life imitates cheesy, pulpy Cold War-era art. And when it does, it’s truly amazing. The U.S. Department of the Treasury has sanctioned and indicted members of a Russian cybercrime organization responsible for stealing $100 million from account holders at U.S. and international banks, it announced in a press release Thursday. The group is called […]

Google to offer checking accounts in partnership with banks starting next year

Google is the latest big tech company to make a move into banking and personal financial services: The company is gearing up to offer checking accounts to consumers, as first reported by the Wall Street Journal, starting as early as next year. Google is calling the projected “Cache,” and it’ll partner with banks and credit […]

Capital One replaces security chief after data breach

Capital One has replaced its cybersecurity chief, four months after the company disclosed a massive data breach involving the theft of sensitive data on more than 100 million customers. A spokesperson for Capital One confirmed the news in an email to TechCrunch. “Michael Johnson is moving from his role as chief information security officer to […]

Fed lowers US interest rate for third time this year

New language suggests Fed may be preparing to take a step back and watch to see how economy handles in months ahead Source: Droolin’ Dog sniffed out this story and shared it with you. The Article Was Written/Published By: Clark Mindock