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Posts published in “Business”

Signature Bank’s Crypto Depositors Get April 5 Account Closure Deadline

The Federal Deposit Insurance Corporation (FDIC) has asked cryptocurrency clients of collapsed Signature Bank to close their accounts by April 5 by finding https://www.financemagnates.com/cryptocurrency/bank-failures-leave-us-crypto-businesses-in-the-cold/" target="_blank" rel="follow noopener">another banking partner. Otherwise, the regulator will close the accounts and mail a check to the registered addresses. Signature Bank's Crypto Clients Get a Deadline The FIDC's decision on

Apple Introduces Apple Pay Later to US Market

The tech giant, Apple is finally introducing Apple Pay Later, its buy now, pay later (BNPL) product to the US markets, six months later than the earlier announced launch date of https://www.financemagnates.com/fintech/payments/apple-pay-later-will-it-make-or-break-bnpl/" target="_blank" rel="follow noopener">September 2022. However, the product will only become available to all eligible users “in the coming months,” Apple announced on Tuesday.The

Sam Bankman-Fried Hit with Additional $40M Chinese Bribery Charge

US prosecutors have expanded the 12 count charges against Sam Bankman-Fried, the Founder of the now-bankrupt cryptocurrency exchange, FTX. An additional indictment sealed on Tuesday morning, alleges that the FTX Founder and others transferred approximately $40 million in bribes to one or more Chinese officials to unfreeze certain accounts in late 2021.Prosecutors Accuse Bankman-Fried of