Venmo Has Defeated Many Big Banks and Here’s What You Need To Know

Mobile banking apps have made monetary transactions simple and less time-consuming. Consequently, some of the best names in this category are currently subscribed by millions of users and the number is only increasing exponentially.  Venmo definitely stands out in the list of online money transfer apps. The application has only been around for a decade but it looks like a majority of people are utilizing it to send and receive …
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NuGenesis Comprehensive 2-part Review of proposed amendment of the Federal Reserve Act (Part 2)

SWEEEPING REFORMS AND EFFECT ON STABLE COINS (The Digital Assets Market Structure and Investor Protection Bill.) The sweeping legal reforms and the down-under solution The “Digital Asset Market Structure and Investor Protection Bill” seeks to prohibit stable coins.    Proposed US Code section 5104(a) provides that “no person may issue, use or permit to be used a digital asset fiat-based stablecoin that is not approved by the Secretary of the Treasury”. …
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NuGenesis Comprehensive 2-part Review of proposed amendment of the Federal Reserve Act (Part 1)

The “Digital Asset Market Structure and Investor Protection Bill” makes a comprehensive regulation of the crypto industry.  It is inevitable.  There is much to complain about.  However, what it does signal is that distributed ledger technology has come of age.  It is no longer the domain of geeks, anarchists or those thumbing their nose to bank oligopolies.  It is mainstream, and the US Government is telling the world, “Governments want …
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Why Businesses are Turning to Cyber Insurance for Protection

Storing data electronically is convenient for businesses across industries.  While the storage abilities of the Internet benefit many, the drawback is that online data is always at some level of risk for cybercrime.  As internet access expands worldwide, so too does the volume of business taking place online.  Sharing data across multiple apps and clouds, among other acts, increases the opportunity cyber criminals have to exploit company weaknesses.   Cyber …
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