Infrastructure

US de novo commercial bank Genesis goes live in California

Genesis Bank, a California-chartered de novo bank, has launched in the US to provide services for commercial clients. Genesis Bank received its licence earlier this year, and launched in August The bank says it is focused on servicing small and medium-sized enterprises (SMEs), the owners of SMEs, and owners and investors of income-producing properties. Headquartered in Newport Beach, Genesis aims to serve primarily the Orange and Los Angeles counties of California, as well as the Riverside and San Bernardino counties. Stephen Gordon, founding chairman and chief executive at the bank,

Cross River Bank to power Openpay’s US expansion

‘Buy now, Pay smarter.’ company Openpay, and its subsidiary Opy USA, Inc., have strategically partnered with Cross River Bank, a technology-driven financial services organization that provides core infrastructure and embedded financial solutions, to offer Opy’s differentiated next-generation “Buy Now, Pay Smarter” products for consumer banking loans.While many traditional Buy Now Pay Later programs cater primarily to small, retail purchases, Opy’s Buy Now, Pay Smarter services are aimed at a broad swath of consumers to help them afford and pay for crucial life needs with transparency and confidence. As Opy advances

Bitcoin breaks above $50,000 for the first time in four weeks.

Cryptocurrencies were broadly higher on Tuesday afternoon as bitcoin crossed a key level of $50,000 for the first time in four weeks. Bitcoin was up 5.4%, trading at $50,120. Ethereum, the second-biggest crypto by market cap, was up 3.3% to trade at $3,445. “The big factor for the bitcoin price now is if it can continue to move higher, and that will only depend on where the price will close today [Tuesday],” said Naeem Aslam, chief market analyst at AvaTrade. Bitcoin is highly likely to see more upside moves. “In

Axie Infinity Raises $152M from a16z to Accelerate Play-to-Earn

Share some Bitpinas love:Sky Mavis, the developers of breakout game Axie Infinity, announces that it has successfully raised $152 million that will be used to build its global team, scale its infrastructure and build a distribution platform that game developers can use to create and distribute their blockchain games. The series B round is led by Andreessen Horowitz (a16z) and participated by Accel and Paradigm. A16z previously invested in play-to-earn gaming group Yield Guild Games, which has more than 3,000 scholars playing Axie Infinity.While the play-to-earn (P2E) model, which means

Op-ed | Can we backhaul our way to space?

If the market grows large enough, a dedicated lunar-to-LEO tanker industry could evolve Trade. It enables, disseminates, and helps pay for new technologies and skills. It encourages sciences, the arts, and communications across oceans and cultures. It is a requirement for the evolution and supply of settlements and cities. Like technology and physical expansion, trade is a defining characteristic of humanity. It is impossible to overstate its importance in human history and development. So, how do we get trade, and all of its ancillary benefits, started on the new frontier

How to Sell More with Walmart Marketplace: Your Guide to Success

Walmart has grown into a globally recognized brand and dramatically changed the retail landscape since opening its first store in 1962. In fact, because 90% of Americans live within 10 miles of a Walmart store, it has become the go-to retailer for in-store shopping. Walmart launched its online marketplace in 2009 to create a trusted and transparent platform to ensure customer and brand loyalty. Its presence in ecommerce has made it the world’s largest omnichannel retailer and provided merchants the opportunity to sell their products on their marketplace in front