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Federal Reserve Launches Fednow for Instant Payments — JPMorgan, Wells Fargo, and 33 Banks Onboard
21.7.2023
The Federal Reserve has launched its Fednow Service for instant payments with 35 participating banks and credit unions, as well as 16 service providers. “The Federal Reserve is committed to working with the more than 9,000 banks and credit unions across the country to support the widespread...
European Union's MiCA Legislation and its Impact on Stablecoin Adoption: Lawyers Raise Concerns
10.7.2023
The European Union's Markets in Crypto-Assets (MiCA) legislation, enacted on May 31, has generated praise and concerns within the crypto industry.
While hailed as a groundbreaking regulatory framework for cryptocurrencies, there is growing apprehension regarding one particular aspect:...
EAEU Official Urges BRICS and SCO for Joint Use of Digital Currencies, New Payment Card
27.5.2023
Three integration unions with Russian participation, BRICS, SCO, and the EAEU, should adopt joint policies on the use of digital currencies, according to a top representative of one of them. He also believes the international organizations should develop a new payment system with its own bank...
Kenyan Fintech Kwara Raises $3 Million in Seed Extension
22.1.2023
A Kenyan fintech that digitizes credit unions, Kwara, is reported to have raised $3 million via a seed extension round that was backed by DOB Equity, Globivest, and Willard Ahdritz. The latest round brings to $7 million the amount of capital that the fintech has now raised via this funding round....
Credit unions warn about the cost of developing a CBDC
8.7.2022
A lobby group suggests supporting the credit union engagement instead, applicating consumer protection rights to digital assets holders
Major Banks Urge Rethink of European Union's CBDC Plans
16.6.2022
The European Commission should stop focusing on technical details and think about whether to issue a digital euro at all, the Institute of International Finance said
Activision Blizzard Recognizes QA Workers' Union
10.6.2022
Bobby Kotick announced today that Activision Blizzard will recognize Raven Software’s union of quality assurance testers. He promised that “we will engage in good faith negotiations to enter into a collective bargaining agreement” with Communications Workers of America.Read more
Microsoft Promises To Play Nice With Future Unions Too
2.6.2022
Microsoft is trying to strike a more conciliatory tone with organized labor as it looks to get its $69 billion mega video game merger with Activision Blizzard OK’d by the Federal Trade Commission. Vice chairman and president Brad Smith wrote that the company is “committed to creative...
Reggie Fils-Aime: Companies Need To ‘Embrace’ Unions If That’s What Employees Want
24.5.2022
In an interview yesterday, former Nintendo of America boss Reggie Fils-Aime was asked about his thoughts on unions, which currently barely exist in the video game industry. Fils-Aime’s answer was not a ringing endorsement of unions, with the former exec saying they aren’t good or bad, just...
Gaming Gets Its First Union At A Major U.S. Studio
23.5.2022
Despite months of negative talking points by Call of Duty publisher Activision Blizzard, quality assurance staff at its Raven Software studio voted to unionize Monday, becoming the first union at a big studio in the U.S. The successful vote comes with talk of labor organizing picking up across...
Nintendo Worker Files Complaint With National Labor Relations Board
19.4.2022
On April 15, an anonymous employee filed a complaint against Nintendo and contracting company Aston Carter with the National Labor Relations Board. The public case docket lists allegations of coercive statements, discharge, retaliation against concerted activities, and surveillance. Read more
European Union’s MiCA Proposal Progresses to Trilogue Stage Without Bitcoin Ban Provision
27.3.2022
The Markets in Crypto Assets (MiCA) regulatory package passed another potential hurdle this week and is moving to the next stage of the EU’s legislative process. Proponents of a controversial text prohibiting proof-of-work (PoW) cryptocurrencies, which was recently dropped from the draft...
Activision VP Posts Anti-Union Message In Company Slack
1.2.2022
Raven’s QA workers winning the right to unionize was a short-lived victory; in the days since returning from their strike Activision has announced plans to split everyone up, and then reveal a larger strategy that’s aimed at crushing this movement before it’s allowed to take hold.Read more
Demystifying TypeScript Discriminated Unions
27.1.2022
TypeScript is a wonderful tool for writing JavaScript that scales. It’s more or less the de facto standard for the web when it comes to large JavaScript projects. As outstanding as it is, there are some tricky pieces for the …
Demystifying TypeScript Discriminated Unions originally published...
Raven's New 'Organizational Change' Conveniently Breaks Up Union Members
25.1.2022
It was only a few days ago that 34 quality assurance testers at Raven, one of the studios working exclusively on the Call Of Duty series, formed the first ever union among Activision Blizzard employees. Today, management has responded to their success with some changes.Read more
US Regulator Tells Credit Unions They Can Team Up with Crypto Firms
22.12.2021
America’s credit regulator, the National Credit Union Administration (NCUA) has told domestic credit unions that they can partner with third-party cryptoasset service providers to give their members access to crypto markets.
The NCUA outlined its stance on crypto in an open letter to unions...
Kenya Based Fintech Kwara Raises $4 Million in Seed Round
13.12.2021
A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services. The Rising Demand for Financial Services by Credit Union Members Kwara, a Kenyan fintech that...
Report: Nearly Half Of Paradox Staff Experience "Mistreatment"
6.9.2021
Swedish tech news site Breakit is reporting some grim news from within Swedish publisher Paradox. A leaked document, created by unions Unionen and Sveriges, suggests a discriminatory workplace at Paradox, where almost half of employees report they’ve experienced “abusive/incorrect treatment.”Read...
Payments Giant NCR Bringing Bitcoin Trading to 650 U.S. Banks and Their 24 Million Customers
30.6.2021
Payments giant NCR and New York Digital Investment Group (NYDIG) are collaborating to allow 650 U.S.banks to offer bitcoin trading to their 24 million customers through their mobile applications. 24 Million Customers of 650 Main Street Banks May Soon Have Access to Bitcoin Trading New York Digital...
NYDIG and NCR Team Up To Bring Bitcoin To 650 US Banks, Credit Unions
30.6.2021
US-based payments giant NCR and digital asset management company NYDIG have teamed up to enable some 24m customers of 650 US banks to buy and sell bitcoin (BTC) through mobile apps supplied by the payments provider, using NYDIG’s custody services.
The latest development could significantly increase...