The Indiana Hoosiers achieved a hard-fought victory over the Minnesota Golden Gophers on Wednesday night at the Williams Arena in Minneapolis. Without their leading scorer Dawson Garcia and backup forward Pharrel Payne due to injury, the Golden Gophers were already facing an uphill battle. When Indiana’s own coach Mike Woodson was ruled out due to COVID-19, it seemed to tip the scales in Minnesota’s favor. However, Trayce Jackson-Davis proved to be the game changer.
The showdown between the two teams began slowly as both sides struggled to find a foothold. With 12:40 left in the second half, Jackson-Davis had his first drive of the night, a layup that gave the Hoosiers a 47-40 lead. Harsh defense from both sides saw a 7-0 run by Minnesota followed by a dunk from Jackson-Davis that returned the lead to Indiana
An investigation has revealed the startling extent of organised crime gangs using UK shell companies for massive cryptocurrency scams known as "pig butchering". Losses of hundreds of millions of pounds have left victims across the world heartbroken and bankrupt.
Victims fall prey to the typical romance scam story, where a hopeful individual is groomed online before being defrauded of all their savings. Since its emergence in 2021, Interpol and the FBI have issued warnings against pig butchering schemes, with the inquest of one UK victim - a former police officer from Wiltshire - hearing of PS100,000
Amid the turbulence in the global cryptocurrency market, recent reports have revealed data and trends that indicate the market's growing optimism and adoption. A survey published by a cryptocurrency trading platform found that crypto ownership increased by 10%, with two-thirds of investors being either positive or ambivalent about their investing appetite. Additionally, a global crypto market data provider found that despite the 'Crypto Winter' of 2022, the market capitalisation of algorithmic stablecoins is currently at $2.33bn and three networks have emerged as leaders: tether, USD Coin, and Binance USD. Moreover, a third report by Dapp Radars revealed a growth in modular blockchain development and boasted the
As technological advances transform the banking industry, the 'banking as a service' model, coined as one of the leading disruptors, is set to take off in the coming years. This shared model enables banks to integrate their digital banking services directly into the products of non-bank businesses over cloud-based solutions, creating a seamless experience for users and an efficient process. A global strategy consultancy, Arthur D. Little, predicts that banking as a service (BaaS) will grow at a compound annual growth rate (CAGR) of approximately 25% worldwide and this development could boost the Middle East's banking income by approximately $5 billion, or 4%, by 2026
A new study by Freedom Finance has revealed the scope of demand for financial services products among British adults. 43% of adults - that is, around 23 million - have applied or considered applying for at least one financial services product in the past year, with the figure jumping to 50% when looking at only the working population. Insurance policies, bank accounts, and personal loans and credit cards topped the list of desired products.
Surprisingly, 25-34-year-olds were most likely to have searched for such services, ahead of other age groups, as they begin to lead more complicated financial lives. Those aged over 55 years were least likely to have
SC Ventures, Standard Chartered’s innovation, fintech and venture arm, has partnered with Landesbank Baden-Wurttemberg, DekaBank and financial software specialist Comyno to create SWIAT, a blockchain platform for real-time settlement and trading of digital and traditional data, assets and transactions. SWIAT will provide software for a decentralised financial infrastructure with faster, more flexible and secure transactions. The joint venture will also provide custody services and create new business opportunities.
Metaco, a Swiss crypto specialist, has been selected by DekaBank to steer their digital asset offering and provide a safe and compliant asset management service, underpinned by
As the retirement age for both men and women inches ever closer, more and more of us are starting to think about our financial security in later life. With the UK Government now setting the retirement age to 66, it's important that those near that milestone are aware of the financial tasks they should complete ahead of the retire – to ensure their funds for later life are sufficient.
The Citizens Advice network has prepared a handy nine-point checklist, offering helpful advice and guidance on the financial abilities and support needed to lead a fulfilling life after work.
These nine tasks include working out what money you'll have coming in and how your spending might change in retirement, understanding the various
Legal & General's Chief Executive, Nigel Wilson, is to retire after more than a decade at the helm. The announcement comes as the company prepares to usher in a new CEO and reports record earnings. Mr. Wilson made the announcement in a press conference and stated he would transition from his position at the end of the year.
The search for Wilson's successor began soon after his announcement and has since attracted a number of potential candidates. Legal & General's current board of directors is confident that a suitable candidate will be identified in the coming months.
The company has seen a significant influx of revenue over the past decade under Wilson's watch and is currently ranked as one
Shares of online lending marketplace LendingTree Inc ( US:TREE ) surged 17.6% in trading over Thursday and Friday after CEO Doug Lebda made one of the largest stock purchases in company history, totaling a whopping $2.1 million.
Fintel revealed the transaction on their CEO purchases page, which became public on Wednesday evening. Investor confidence grew exponentially due to this large-scale stock purchase, allowing the TREE to gain 114% since hitting a 52-week low of $17.60 on December 27th. Although the share price is still -68.5% lower on a 1 year view, recent momentum has
The Golden State Warriors' dynamic 'Splash Brothers' duo of Stephen Curry and Klay Thompson inspired the defending champions to a 128-120 victory against the Oklahoma City Thunder on Monday night. The Warriors, two games over .500 before the contest, took a 21-point lead into the fourth quarter, but the Thunder cut the deficit to just two following a stellar scoring performance from Shai Gilgeous-Alexander. In the end, though, the Warriors' late-game execution sealed the victory, with a combination of excellent offense and staunch defense from the likes of Andrew Wiggins, Kevon Looney and Draymond Green. Curry's