Month: May 2019

Skeptics question the viability of New York Mayor Bill de Blasio’s proposed Brooklyn-Queens Connector streetcar project. His funding plan for the so-called BQX, an 11-mile, $2.7 billion waterfront route from Astoria in Queens through downtown Brooklyn to Red Hook, hinges on two huge variables — real estate value capture and aid from Washington. The estimated
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Japanese e-commerce giant Rakuten, has partnered with blockchain analytics firm CipherTrace to help ensure compliance for its soon-to-go-live cryptocurrency exchange. CipherTrace announced Wednesday that it will help ensure sound anti-money laundering (AML) processes are in place for the firm’s Rakuten Wallet exchange platform, which is based in Tokyo. Rakuten Wallet started accepting account registrations last
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Defense Department’s Patrick Shanahan, before he was tapped by President Donald Trump to serve as the department’s Acting Secretary Department of Defense The Pentagon presented a report to Congress on rare earth minerals in an effort to reduce reliance on China, according to a Reuters report. “The department continues to work closely with the president,
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Representatives of minority- and women-owned small banks from around the country gathered in New York City last week to discuss ways to expand business opportunities. Attending MWBE University, last Thursday’s session focused on how small institutions can become a New York City-designated bank and receive tax breaks for contributing to the city’s development efforts. MWBE
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Coinfloor, the U.K.’s longest-running crypto exchange, has teamed up with electronic money institution (EMI) Enumis to deliver bank-like accounts to crypto firms, a perennial pain-point across the industry. Under the partnership, Enumis will pay Coinfloor a fee for referring reputable crypto-facing businesses that successfully set up current accounts (the U.K. equivalent of checking accounts). “Being
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IKEA’s new Manhattan Planning Studio Andria Cheng When home-furnishings giant IKEA in April opened its first smaller U.S. city-center format, dubbed Planning Studio, in Manhattan’s Upper East Side, the Swedish chain said that’s one telling example of how it’s reaching customers in “new ways that are more accessible and more personalized.” Accessible it is for Karima Rustin,
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The digital wallet industry has grown exponentially in recent years, reaching $100 billion USD in 2017. Analysts expect growth to continue, reaching a whopping $250 billion by 2024, propelled by attractive discounts and enticing cashback offers. One company that has created an impressive mobile wallet that offers a ton of great features is LiteLink Technologies Inc.
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