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7Aug
Cloud PR Wire

AI Expert Amol Walvekar Builds First-Ever RAG-Powered, Custom AI for Finance Processes

Anchor, from Adra Technologies, builds the first retrieval-augmented generation to the finance back office built by a product leader who shipped enterprise-grade AI at JP Morgan, WePay, Lead, Bolt, and Insight Data Science.

San Francisco, CA, August 7th, 2026— Amol Walvekar, an AI expert who has spent his career building enterprise-grade machine learning systems, today announced the launch of Anchor’s industry first RAG for finance teams, and custom agents built specifically for finance processes. Anchor by Adra Technologies Inc. enables finance teams to build, operate, and scale AI agents for complex back-office work directly within their ERP, CRM, and data warehouse.

Understanding RAG, Its Enterprise Value, and Proven ROI

Retrieval-Augmented Generation (RAG) is an architectural framework that enhances the functionality of Large Language Models (LLMs) by integrating external data retrieval mechanisms. Rather than relying solely on static training data or forcing models to guess. The core business value of RAG lies in its ability to deliver secure, highly accurate, and audit-ready outputs across complex structured and unstructured corporate data.

By grounding LLM responses in an organization’s internal datasets—such as contracts, policies, and systems records—RAG dramatically reduces hallucinations, eliminates the risks of stale static knowledge, and maintains strict enterprise-grade compliance without the high expenses of continuous model retraining.

Leading industry implementations and technical benchmarks highlight the significant operational ROI of optimized RAG systems:

  • Error Reduction: Advanced semantic filtering has demonstrated the ability to reduce incorrect or partially correct RAG outputs by up to 80% while boosting baseline retrieval accuracy by over 20 percentage points.
  • Frontier Accuracy: In standardized end-to-end evaluations like the RAG-QA Arena, optimized systems utilizing fully integrated architectures consistently outperform general frontier models.
  • Efficiency Gains: Deep-dive development platforms focused on enterprise AI evaluation loops have successfully accelerated engineering cycles, delivering up to a 10x improvement in model prototyping, validation, and production deployment speeds.

Walvekar’s expertise was forged inside some of the most demanding enterprise AI environments in financial services. At WePay, through its acquisition by JP Morgan, he built enterprise-grade ML for risk and payments systems where a model’s decisions carry real financial consequences and must hold up at bank-level standards of accuracy, auditability, and scale. He continued that work across Lead and Bolt, applying machine learning to payments infrastructure where reliability is non-negotiable. As an AI Fellow at Insight, he built and shipped an abstractive text summarization platform for knowledge workers — early, hands-on work in the language-model techniques that now power Anchor.

“Finance processes have resisted automation because generic AI doesn’t know your chart of accounts, your contracts, your ERP, or your policies,” said Walvekar. “Anchor is different by design: it’s retrieval-augmented and custom to each finance team, grounded in their own systems and documents. That’s how you get the accuracy and reliability of a trained analyst. The model isn’t guessing, it’s retrieving and reasoning over the customer’s actual financial data.”

RAG, purpose-built for the finance back office

Anchor’s retrieval-augmented architecture connects directly to the systems where finance work lives including NetSuite, Salesforce, Workday, Microsoft Dynamics, Sage, Snowflake, and more than a dozen other platforms and grounds every agent in the customer’s own data, documents, and processes. Finance teams create custom agents in natural language, with no developer effort, to automate work arising from reconciliations, budget management, sales and marketing spend, commissions, and revenue compliance. The platform is SOC 2 Type II compliant, meeting the highest requirements for data protection and privacy.

The result is AI that behaves the way enterprise AI has to behave: precise, explainable, and dependable at production scale now applied to the finance back office.

Beyond building Adra, Walvekar is an active angel investor and writes on enterprise AI adoption, agentic architectures, and market structure. He holds a graduate degree from Boston University.

About Amol 

Amol is the Cofounder of Adra Technologies Inc. is the company behind Anchor, the first RAG-powered, custom AI platform for finance processes. The company is headquartered in San Francisco. Learn more at www.getadra.com.

Media Contact: founders@getadra.com

7Aug
Cloud PR Wire

Movement, El Vecino and RISE Partner to Launch First Digital Dollar Wallet for Mexican Remittances

Palo Alto, California, August 7th, 2026, Chainwire

Launch allows Mexican families to send money home from the U.S. instantly via WhatsApp across the largest remittance corridor in the world without requiring a bank account or app download  

Global, on-chain payments network Movement has announced a partnership with New Jersey-based Mexico remittance expert El Vecino and on-chain wallet provider RISE to power a digital-dollar service that lets customers hold their own money and send it home in seconds through WhatsApp.

Leveraging El Vecino’s 19 years of experience in US-to-Mexico physical remittances, RISE’s wallet capabilities and LATAM network, and Movement’s access to regulated, sub-second payment rails, the partnership enables stablecoin-settled transfers to be sent to Mexico almost instantly, giving customers a simple way to initiate transfers without opening a bank account or downloading an app.

Rather than having to visit a physical location to initiate every cash transfer, El Vecino customers can now begin the process through the familiar WhatsApp messenger. Funds settle in seconds before recipients cash out through Mexico’s extensive OXXO and Circle K retail networks, or receive funds directly via the country’s SPEI banking system. 

Currently, El Vecino processes approx 25,000 transactions per month valued at $70 million annually through remittances, international and domestic bill payments, check cashing, and more – with 85% of transactions heading to Mexico.

The new WhatsApp service will first be trialled among El Vecino’s 20,000 users before being rolled out through RISE’s network to an estimated 800,000 in the second phase. This and future phases will look beyond Mexico to LATAM regions including Guatemala and El Salvador.

Founder of RISE Richard Mas will be appearing live from the New York Stock Exchange on Pulso Del Mercado, one of the region’s most influential news segments, to speak about the partnership on Tuesday, August 11, at 11:30 am EST. 

The launch meets the growing demand for accessible cross-border payment solutions across the U.S.- Mexico corridor, which forms the world’s largest remittance route, through which over $62 billion passed in 2024. [Source].

The ability to send money home through a trusted local provider is a financial lifeline for Mexican migrant families, with the Movement-engineered solution streamlining a process that has traditionally entailed cash handling and multi-day settlement times.

Torab Torabi, CEO of on-chain global payments network Movement, says: “For too long, Mexicans have often struggled to send hard-earned money back home. Partnering with El Vecino and RISE will address this imbalance while proving the versatility and reliability of stablecoins as a settlement mechanism. In doing so, we’re also proud to be demonstrating that regulated blockchain infrastructure can modernize one of the world’s busiest remittance corridors.”

Mike Burns, founder of El Vecino added: “El Vecino has been built on the trust brought by face-to-face interaction. Families rely on us because they know we’ll help them support their loved ones back home. The partnership with RISE and Movement allows us to bring that built trust to a remote digital vehicle that provides the same safeguards and surety that money sent will reach home. Technology should make life easier, and that’s exactly what this collaboration achieves.”

Richard Mas, founder of RISE says: “Every year, tens of billions of dollars cross from the United States into Mexico, most of it earned far from home by people the banking system overlooked. El Vecino spent 19 years earning trust at the counter, one household at a time, and we are proud to join Movement in giving those customers access to new, safe and compliant digital solutions.”

Powered by Movement’s access to licensed payment infrastructure, El Vecino’s new WhatsApp service replaces the traditional chain of correspondent banks with blockchain-based settlement while maintaining full regulatory compliance. This model removes the need for pre-funded liquidity and reduces settlement from days to seconds without the hidden costs often associated with legacy cross-border payment rails.

Movement’s globally licensed payment infrastructure, which spans the United States, Canada, and Europe, will provide El Vecino with compliant fiat on- and off-ramps that have historically been difficult for community remittance providers to access.

The collaboration between Movement, El Vecino and RISE demonstrates how established community operators can adopt institutional-grade blockchain payment infrastructure without the complexity of self-development and management. Combining El Vecino’s local relationships with Movement’s access to a regulated settlement network has yielded a model that could potentially be replicated by remittance providers serving immigrant communities worldwide.

About Movement

Movement provides access to globally licensed and regulated blockchain payment infrastructure that enables businesses to move money across borders using compliant stablecoin settlement rails. Its payment network offers licensed access across the United States, Canada, and Europe, helping financial institutions and payment providers deliver fast, low-cost international transfers without relying on traditional correspondent banking networks. https://www.movementnetwork.xyz/

About El Vecino

El Vecino is a trusted community financial services provider serving Mexican communities across New Jersey. Processing more than $70 million in annual remittance volume for over 20,000 customers, the company offers money transfer and financial services designed to help families maintain strong economic connections across the U.S.-Mexico border. Learn more at https://www.linkedin.com/company/el-vecino-franquicias/ 

About RISE

RISE is a self-custody digital dollar wallet that lets customers hold and transfer USD-backed digital dollars while keeping direct control of their own funds. Offering an alternative to slow, high-cost, and often inaccessible banking rails, RISE customers can open a dollar account inside WhatsApp, hold their balance in USD-backed digital dollars that resist local inflation, and send money across borders in seconds for a flat fee. Learn more at https://risefinance.xyz.

Press Contact: 

Rebecca Jones

rebecca.jones@moveindustries.xyz

Contact

Head of Communications
Rebecca Jones
Move Industries
rebecca.jones@moveindustries.xyz

7Aug
Cloud PR Wire

Carbon Launches TradFi-Native On-Chain Derivatives Venue With 950+ Markets in One Account

Road Town, British Virgin Islands, August 7th, 2026, Chainwire

250+ TradFi markets join Carbon’s 530+ crypto perpetuals & 150 24/7 RWAs in one venue. Wall Street depth at listing, stable overnight rates, and on-chain settlement.

Carbon, the on-chain prime broker for global markets, today opened public trading on 250+ Carbon TradFi markets spanning equities, indices, forex, and commodities. Each position is hedged 1:1 at regulated TradFi venues, making Carbon the largest TradFi-native on-chain derivatives venue. Alongside 530+ crypto perpetuals and 150 24/7 RWAs, total tradeable instruments now exceed 950 in one account. 

Carbon TradFi is Carbon’s own on-chain instrument. A trader opens a position on-chain, in their own wallet, and Carbon’s solver architecture hedges it 1:1 at a regulated broker off-chain. The trader never leaves self-custody, and the price and depth they receive are the underlying market’s, not bootstrapped on-chain order books.

That structure removes the cold-start problem that has constrained real-world assets on-chain. Every Carbon TradFi market opens at full institutional depth on its first day, because the depth is inherited rather than manufactured. There is no per-market incentive program to run and no waiting period while liquidity accumulates.

Carbon now offers traders both in one account. Its 150 24/7 real-world markets trade around the clock, for traders who want access at any hour. Its 250+ Carbon TradFi markets track market hours with carry prices from the underlying, for traders who want institutional depth and predictable holding costs. Roughly 30 assets are live as both, letting a trader hold one against the other and capture the difference between the two financing rates without leaving the account.

The global market Carbon connects to is substantial. TradFi clears over $1.5 trillion daily in CFDs across thousands of markets, liquidity that until now had no direct route on-chain.

Carbon TradFi coverage at launch:

  • 200 stocks across US, EU, and Asia markets
  • 62 forex pairs
  • 12 indices
  • 8 commodities

Carbon can list a trending name within the same week it begins moving in Seoul, Tokyo, or Hong Kong, a cadence order-book venues cannot match because they lack the off-chain rails to stand up a new market that quickly. A further 150 listings are scheduled.

The launch also opens the Carbon Liquidity Provider (CLP) vault to public deposits. The CLP is a delta-neutral yield product: it funds the hedge behind trader flow rather than taking directional positions, earning from the difference between on-chain demand and off-chain liquidity. Modeled APY is illustrative and ranges from 20.3% at launch utilization to 57.1% at maturity, depending on flow and capital utilization.

“Traders have had to choose between the assets they want and the execution they need. Carbon ends that trade-off. Every position is hedged into the deepest liquidity in the world and settles in the trader’s own wallet, with 950+ markets in a single account. This is what global markets look like when they finally arrive on-chain properly.” – Levy, Co-founder and CEO of Carbon

“One of the biggest challenges for bringing traditional financial assets onchain has been delivering deep liquidity. Carbon is operating an architecture that connects onchain trading with established market infrastructure while preserving self-custody. We want Arbitrum to be home to teams building this next generation of financial infrastructure” – David Garcia, Ecosystem Lead at Arbitrum Foundation 

About Carbon

Carbon is the on-chain prime broker for global markets, combining crypto perpetuals and Carbon TradFi in one venue. Carbon’s solver architecture connects on-chain traders to institutional liquidity through bilateral 1:1 hedging, delivering Wall Street-grade depth and stable carry with on-chain settlement and self-custody. Live since 2023, Carbon has processed $20B+ in cumulative trading volume across 36K+ unique traders. Carbon operates on Arbitrum. Users can learn more at carbon.inc.

Contact

COO
Rens
Carbon
rens@carbon.inc

7Aug
Cloud PR Wire

Every Tax Preparer Is a Financial Institution Under Federal Law. Many Have No Written Security Plan.

Every Tax Preparer Is a Financial Institution Under Federal Law. Many Have No Written Security Plan.

The IRS is in the final week of its summer campaign telling tax professionals to write one. Industry data says the firms it applies to are mostly two-person shops.

KANSAS CITY, Mo., Aug 07, 2026, ZEX PR WIRE — If you prepare tax returns for a living, federal law counts you as a financial institution. Same category as a bank. That classification carries an obligation most small firm owners have never heard of: a written information security plan (WISP), on paper, kept current.

The Gramm-Leach-Bliley Act is what does it. Under GLBA, tax and accounting professionals are considered financial institutions and must implement a data security plan, which puts them under the Federal Trade Commission’s Safeguards Rule. The IRS said it plainly in July 2025: tax professionals are legally required to have a written, accessible plan, and should review, test and update it regularly.

The agency is in the middle of saying it again. On July 7 the IRS and its Security Summit partners launched “Protect Your Clients; Protect Yourself,” a five-week campaign for tax professionals now in its final week. The same guidance is being delivered in person at the 2026 IRS Nationwide Tax Forums, which continue in New York City Aug. 18-20, Orlando Sept. 1-3, and San Diego Sept. 15-17.

“Most preparers I talk to have no idea this applies to them, and I don’t blame them one bit. Nobody ever told them,” said Sam Sapp of Lockbaud. “Many of these smaller firms would be lucky to have a cybersecurity plan at all, let alone a written one.”

The size of the gap follows from the shape of the profession. Research published in The CPA Journal in January, drawn from IRS preparer and e-filing datasets for the 2024 tax year, found 89% of all e-filers handle fewer than 1,000 filings a year, and 48% of preparers matched to a firm are solo practitioners. Intuit, H&R Block, and TaxHawk together account for only about a third of e-filing submissions. Most of the rest of the profession is small businesses.

Those firms hold exactly what an attacker wants. Social Security numbers, bank account details, income records, and dependent information for every client on the list, usually going back years.

The Safeguards Rule doesn’t ask for a security operations center. The FTC asks firms to designate someone to coordinate the program, identify and assess risks to customer information, and create, implement and regularly test safeguards. The IRS publishes Publication 5708, a 28-page template built for smaller practices, and Publication 4557 covers safeguarding taxpayer data more broadly. Both are free.

A plan on paper isn’t really the point either. The protections have to actually be in place, and that’s where a lot of firms get caught. They assume somebody else has it handled, usually the tax software vendor or whoever set the office up. Those companies secure their own platform. They don’t secure your email, your laptops, your backups, or the person who clicks the wrong link.

Somebody has to own that, and in a two-person office nobody has room for one more job. That’s why these plans get started in February and forgotten by March. A lot of firms hand it off instead, which is a good chunk of what IT support for accounting firms means in practice. And it’s not just tax firms. Any small business sitting on customer data runs into the same thing, which is most of why outsourced IT for small businesses is a category at all.

Two things any tax or accounting firm can check this week:

  • Find out whether your firm has a written plan at all, and who is named in it as responsible. If nobody is named, you don’t have one.
  • Ask your tax software vendor and your IT provider, in writing, exactly what each one secures. The gap between those two answers is yours to cover.

“That’s what we try to help with, and honestly what we want to make a push to help more with,” Sapp said. “If a firm gets one page written and puts a name on it, that’s a real win. We’ll take it.”

Through Oct. 31, Lockbaud is offering a free written information security plan review to tax and accounting firms. Lockbaud will read an existing plan against Publication 5708 and the Safeguards Rule and say plainly what’s missing, or confirm a firm doesn’t have one yet. Requests go to connect@lockbaud.com or 816-208-2888.

About Lockbaud

Lockbaud is a managed IT and cybersecurity provider based in Kansas City, Missouri, serving small and mid-sized businesses across the United States. Lockbaud works most often with accounting firms, law firms, and chambers of commerce, and backs its work with same-day support, zero-downtime onboarding, and a money-back guarantee. Founded and owned by Sam Sapp. More at lockbaud.com.

Media Contact

Sam Sapp, Lockbaud

lockbaud.com

Full release with sources: https://lockbaud.com/newsroom/tax-preparer-security-plan-requirement/
7Aug
AI Expert Amol Walvekar Builds First-Ever RAG-Powered, Custom AI for Finance Processes

Anchor, from Adra Technologies, builds the first retrieval-augmented generation to the finance back office built by a product leader who shipped enterprise-grade AI at JP Morgan, WePay, Lead, Bolt, and Insight Data Science.

San Francisco, CA, August 7th, 2026— Amol Walvekar, an AI expert who has spent his career building enterprise-grade machine learning systems, today announced the launch of Anchor’s industry first RAG for finance teams, and custom agents built specifically for finance processes. Anchor by Adra Technologies Inc. enables finance teams to build, operate, and scale AI agents for complex back-office work directly within their ERP, CRM, and data warehouse.

Understanding RAG, Its Enterprise Value, and Proven ROI

Retrieval-Augmented Generation (RAG) is an architectural framework that enhances the functionality of Large Language Models (LLMs) by integrating external data retrieval mechanisms. Rather than relying solely on static training data or forcing models to guess. The core business value of RAG lies in its ability to deliver secure, highly accurate, and audit-ready outputs across complex structured and unstructured corporate data.

By grounding LLM responses in an organization’s internal datasets—such as contracts, policies, and systems records—RAG dramatically reduces hallucinations, eliminates the risks of stale static knowledge, and maintains strict enterprise-grade compliance without the high expenses of continuous model retraining.

Leading industry implementations and technical benchmarks highlight the significant operational ROI of optimized RAG systems:

  • Error Reduction: Advanced semantic filtering has demonstrated the ability to reduce incorrect or partially correct RAG outputs by up to 80% while boosting baseline retrieval accuracy by over 20 percentage points.
  • Frontier Accuracy: In standardized end-to-end evaluations like the RAG-QA Arena, optimized systems utilizing fully integrated architectures consistently outperform general frontier models.
  • Efficiency Gains: Deep-dive development platforms focused on enterprise AI evaluation loops have successfully accelerated engineering cycles, delivering up to a 10x improvement in model prototyping, validation, and production deployment speeds.

Walvekar’s expertise was forged inside some of the most demanding enterprise AI environments in financial services. At WePay, through its acquisition by JP Morgan, he built enterprise-grade ML for risk and payments systems where a model’s decisions carry real financial consequences and must hold up at bank-level standards of accuracy, auditability, and scale. He continued that work across Lead and Bolt, applying machine learning to payments infrastructure where reliability is non-negotiable. As an AI Fellow at Insight, he built and shipped an abstractive text summarization platform for knowledge workers — early, hands-on work in the language-model techniques that now power Anchor.

“Finance processes have resisted automation because generic AI doesn’t know your chart of accounts, your contracts, your ERP, or your policies,” said Walvekar. “Anchor is different by design: it’s retrieval-augmented and custom to each finance team, grounded in their own systems and documents. That’s how you get the accuracy and reliability of a trained analyst. The model isn’t guessing, it’s retrieving and reasoning over the customer’s actual financial data.”

RAG, purpose-built for the finance back office

Anchor’s retrieval-augmented architecture connects directly to the systems where finance work lives including NetSuite, Salesforce, Workday, Microsoft Dynamics, Sage, Snowflake, and more than a dozen other platforms and grounds every agent in the customer’s own data, documents, and processes. Finance teams create custom agents in natural language, with no developer effort, to automate work arising from reconciliations, budget management, sales and marketing spend, commissions, and revenue compliance. The platform is SOC 2 Type II compliant, meeting the highest requirements for data protection and privacy.

The result is AI that behaves the way enterprise AI has to behave: precise, explainable, and dependable at production scale now applied to the finance back office.

Beyond building Adra, Walvekar is an active angel investor and writes on enterprise AI adoption, agentic architectures, and market structure. He holds a graduate degree from Boston University.

About Amol 

Amol is the Cofounder of Adra Technologies Inc. is the company behind Anchor, the first RAG-powered, custom AI platform for finance processes. The company is headquartered in San Francisco. Learn more at www.getadra.com.

Media Contact: founders@getadra.com
7Aug
Movement, El Vecino and RISE Partner to Launch First Digital Dollar Wallet for Mexican Remittances

Palo Alto, California, August 7th, 2026, Chainwire

Launch allows Mexican families to send money home from the U.S. instantly via WhatsApp across the largest remittance corridor in the world without requiring a bank account or app download  

Global, on-chain payments network Movement has announced a partnership with New Jersey-based Mexico remittance expert El Vecino and on-chain wallet provider RISE to power a digital-dollar service that lets customers hold their own money and send it home in seconds through WhatsApp.

Leveraging El Vecino’s 19 years of experience in US-to-Mexico physical remittances, RISE’s wallet capabilities and LATAM network, and Movement’s access to regulated, sub-second payment rails, the partnership enables stablecoin-settled transfers to be sent to Mexico almost instantly, giving customers a simple way to initiate transfers without opening a bank account or downloading an app.

Rather than having to visit a physical location to initiate every cash transfer, El Vecino customers can now begin the process through the familiar WhatsApp messenger. Funds settle in seconds before recipients cash out through Mexico’s extensive OXXO and Circle K retail networks, or receive funds directly via the country’s SPEI banking system. 

Currently, El Vecino processes approx 25,000 transactions per month valued at $70 million annually through remittances, international and domestic bill payments, check cashing, and more – with 85% of transactions heading to Mexico.

The new WhatsApp service will first be trialled among El Vecino’s 20,000 users before being rolled out through RISE’s network to an estimated 800,000 in the second phase. This and future phases will look beyond Mexico to LATAM regions including Guatemala and El Salvador.

Founder of RISE Richard Mas will be appearing live from the New York Stock Exchange on Pulso Del Mercado, one of the region’s most influential news segments, to speak about the partnership on Tuesday, August 11, at 11:30 am EST. 

The launch meets the growing demand for accessible cross-border payment solutions across the U.S.- Mexico corridor, which forms the world’s largest remittance route, through which over $62 billion passed in 2024. [Source].

The ability to send money home through a trusted local provider is a financial lifeline for Mexican migrant families, with the Movement-engineered solution streamlining a process that has traditionally entailed cash handling and multi-day settlement times.

Torab Torabi, CEO of on-chain global payments network Movement, says: “For too long, Mexicans have often struggled to send hard-earned money back home. Partnering with El Vecino and RISE will address this imbalance while proving the versatility and reliability of stablecoins as a settlement mechanism. In doing so, we’re also proud to be demonstrating that regulated blockchain infrastructure can modernize one of the world’s busiest remittance corridors.”

Mike Burns, founder of El Vecino added: “El Vecino has been built on the trust brought by face-to-face interaction. Families rely on us because they know we’ll help them support their loved ones back home. The partnership with RISE and Movement allows us to bring that built trust to a remote digital vehicle that provides the same safeguards and surety that money sent will reach home. Technology should make life easier, and that’s exactly what this collaboration achieves.”

Richard Mas, founder of RISE says: “Every year, tens of billions of dollars cross from the United States into Mexico, most of it earned far from home by people the banking system overlooked. El Vecino spent 19 years earning trust at the counter, one household at a time, and we are proud to join Movement in giving those customers access to new, safe and compliant digital solutions.”

Powered by Movement’s access to licensed payment infrastructure, El Vecino’s new WhatsApp service replaces the traditional chain of correspondent banks with blockchain-based settlement while maintaining full regulatory compliance. This model removes the need for pre-funded liquidity and reduces settlement from days to seconds without the hidden costs often associated with legacy cross-border payment rails.

Movement’s globally licensed payment infrastructure, which spans the United States, Canada, and Europe, will provide El Vecino with compliant fiat on- and off-ramps that have historically been difficult for community remittance providers to access.

The collaboration between Movement, El Vecino and RISE demonstrates how established community operators can adopt institutional-grade blockchain payment infrastructure without the complexity of self-development and management. Combining El Vecino’s local relationships with Movement’s access to a regulated settlement network has yielded a model that could potentially be replicated by remittance providers serving immigrant communities worldwide.

About Movement

Movement provides access to globally licensed and regulated blockchain payment infrastructure that enables businesses to move money across borders using compliant stablecoin settlement rails. Its payment network offers licensed access across the United States, Canada, and Europe, helping financial institutions and payment providers deliver fast, low-cost international transfers without relying on traditional correspondent banking networks. https://www.movementnetwork.xyz/

About El Vecino

El Vecino is a trusted community financial services provider serving Mexican communities across New Jersey. Processing more than $70 million in annual remittance volume for over 20,000 customers, the company offers money transfer and financial services designed to help families maintain strong economic connections across the U.S.-Mexico border. Learn more at https://www.linkedin.com/company/el-vecino-franquicias/ 

About RISE

RISE is a self-custody digital dollar wallet that lets customers hold and transfer USD-backed digital dollars while keeping direct control of their own funds. Offering an alternative to slow, high-cost, and often inaccessible banking rails, RISE customers can open a dollar account inside WhatsApp, hold their balance in USD-backed digital dollars that resist local inflation, and send money across borders in seconds for a flat fee. Learn more at https://risefinance.xyz.

Press Contact: 

Rebecca Jones

rebecca.jones@moveindustries.xyz

Contact

Head of Communications
Rebecca Jones
Move Industries
rebecca.jones@moveindustries.xyz
7Aug
Carbon Launches TradFi-Native On-Chain Derivatives Venue With 950+ Markets in One Account

Road Town, British Virgin Islands, August 7th, 2026, Chainwire

250+ TradFi markets join Carbon’s 530+ crypto perpetuals & 150 24/7 RWAs in one venue. Wall Street depth at listing, stable overnight rates, and on-chain settlement.

Carbon, the on-chain prime broker for global markets, today opened public trading on 250+ Carbon TradFi markets spanning equities, indices, forex, and commodities. Each position is hedged 1:1 at regulated TradFi venues, making Carbon the largest TradFi-native on-chain derivatives venue. Alongside 530+ crypto perpetuals and 150 24/7 RWAs, total tradeable instruments now exceed 950 in one account. 

Carbon TradFi is Carbon’s own on-chain instrument. A trader opens a position on-chain, in their own wallet, and Carbon’s solver architecture hedges it 1:1 at a regulated broker off-chain. The trader never leaves self-custody, and the price and depth they receive are the underlying market’s, not bootstrapped on-chain order books.

That structure removes the cold-start problem that has constrained real-world assets on-chain. Every Carbon TradFi market opens at full institutional depth on its first day, because the depth is inherited rather than manufactured. There is no per-market incentive program to run and no waiting period while liquidity accumulates.

Carbon now offers traders both in one account. Its 150 24/7 real-world markets trade around the clock, for traders who want access at any hour. Its 250+ Carbon TradFi markets track market hours with carry prices from the underlying, for traders who want institutional depth and predictable holding costs. Roughly 30 assets are live as both, letting a trader hold one against the other and capture the difference between the two financing rates without leaving the account.

The global market Carbon connects to is substantial. TradFi clears over $1.5 trillion daily in CFDs across thousands of markets, liquidity that until now had no direct route on-chain.

Carbon TradFi coverage at launch:

  • 200 stocks across US, EU, and Asia markets
  • 62 forex pairs
  • 12 indices
  • 8 commodities

Carbon can list a trending name within the same week it begins moving in Seoul, Tokyo, or Hong Kong, a cadence order-book venues cannot match because they lack the off-chain rails to stand up a new market that quickly. A further 150 listings are scheduled.

The launch also opens the Carbon Liquidity Provider (CLP) vault to public deposits. The CLP is a delta-neutral yield product: it funds the hedge behind trader flow rather than taking directional positions, earning from the difference between on-chain demand and off-chain liquidity. Modeled APY is illustrative and ranges from 20.3% at launch utilization to 57.1% at maturity, depending on flow and capital utilization.

“Traders have had to choose between the assets they want and the execution they need. Carbon ends that trade-off. Every position is hedged into the deepest liquidity in the world and settles in the trader’s own wallet, with 950+ markets in a single account. This is what global markets look like when they finally arrive on-chain properly.” – Levy, Co-founder and CEO of Carbon

“One of the biggest challenges for bringing traditional financial assets onchain has been delivering deep liquidity. Carbon is operating an architecture that connects onchain trading with established market infrastructure while preserving self-custody. We want Arbitrum to be home to teams building this next generation of financial infrastructure” – David Garcia, Ecosystem Lead at Arbitrum Foundation 

About Carbon

Carbon is the on-chain prime broker for global markets, combining crypto perpetuals and Carbon TradFi in one venue. Carbon’s solver architecture connects on-chain traders to institutional liquidity through bilateral 1:1 hedging, delivering Wall Street-grade depth and stable carry with on-chain settlement and self-custody. Live since 2023, Carbon has processed $20B+ in cumulative trading volume across 36K+ unique traders. Carbon operates on Arbitrum. Users can learn more at carbon.inc.

Contact

COO
Rens
Carbon
rens@carbon.inc
7Aug
Every Tax Preparer Is a Financial Institution Under Federal Law. Many Have No Written Security Plan.

Every Tax Preparer Is a Financial Institution Under Federal Law. Many Have No Written Security Plan.

The IRS is in the final week of its summer campaign telling tax professionals to write one. Industry data says the firms it applies to are mostly two-person shops.

KANSAS CITY, Mo., Aug 07, 2026, ZEX PR WIRE — If you prepare tax returns for a living, federal law counts you as a financial institution. Same category as a bank. That classification carries an obligation most small firm owners have never heard of: a written information security plan (WISP), on paper, kept current.

The Gramm-Leach-Bliley Act is what does it. Under GLBA, tax and accounting professionals are considered financial institutions and must implement a data security plan, which puts them under the Federal Trade Commission’s Safeguards Rule. The IRS said it plainly in July 2025: tax professionals are legally required to have a written, accessible plan, and should review, test and update it regularly.

The agency is in the middle of saying it again. On July 7 the IRS and its Security Summit partners launched “Protect Your Clients; Protect Yourself,” a five-week campaign for tax professionals now in its final week. The same guidance is being delivered in person at the 2026 IRS Nationwide Tax Forums, which continue in New York City Aug. 18-20, Orlando Sept. 1-3, and San Diego Sept. 15-17.

“Most preparers I talk to have no idea this applies to them, and I don’t blame them one bit. Nobody ever told them,” said Sam Sapp of Lockbaud. “Many of these smaller firms would be lucky to have a cybersecurity plan at all, let alone a written one.”

The size of the gap follows from the shape of the profession. Research published in The CPA Journal in January, drawn from IRS preparer and e-filing datasets for the 2024 tax year, found 89% of all e-filers handle fewer than 1,000 filings a year, and 48% of preparers matched to a firm are solo practitioners. Intuit, H&R Block, and TaxHawk together account for only about a third of e-filing submissions. Most of the rest of the profession is small businesses.

Those firms hold exactly what an attacker wants. Social Security numbers, bank account details, income records, and dependent information for every client on the list, usually going back years.

The Safeguards Rule doesn’t ask for a security operations center. The FTC asks firms to designate someone to coordinate the program, identify and assess risks to customer information, and create, implement and regularly test safeguards. The IRS publishes Publication 5708, a 28-page template built for smaller practices, and Publication 4557 covers safeguarding taxpayer data more broadly. Both are free.

A plan on paper isn’t really the point either. The protections have to actually be in place, and that’s where a lot of firms get caught. They assume somebody else has it handled, usually the tax software vendor or whoever set the office up. Those companies secure their own platform. They don’t secure your email, your laptops, your backups, or the person who clicks the wrong link.

Somebody has to own that, and in a two-person office nobody has room for one more job. That’s why these plans get started in February and forgotten by March. A lot of firms hand it off instead, which is a good chunk of what IT support for accounting firms means in practice. And it’s not just tax firms. Any small business sitting on customer data runs into the same thing, which is most of why outsourced IT for small businesses is a category at all.

Two things any tax or accounting firm can check this week:

  • Find out whether your firm has a written plan at all, and who is named in it as responsible. If nobody is named, you don’t have one.
  • Ask your tax software vendor and your IT provider, in writing, exactly what each one secures. The gap between those two answers is yours to cover.

“That’s what we try to help with, and honestly what we want to make a push to help more with,” Sapp said. “If a firm gets one page written and puts a name on it, that’s a real win. We’ll take it.”

Through Oct. 31, Lockbaud is offering a free written information security plan review to tax and accounting firms. Lockbaud will read an existing plan against Publication 5708 and the Safeguards Rule and say plainly what’s missing, or confirm a firm doesn’t have one yet. Requests go to connect@lockbaud.com or 816-208-2888.

About Lockbaud

Lockbaud is a managed IT and cybersecurity provider based in Kansas City, Missouri, serving small and mid-sized businesses across the United States. Lockbaud works most often with accounting firms, law firms, and chambers of commerce, and backs its work with same-day support, zero-downtime onboarding, and a money-back guarantee. Founded and owned by Sam Sapp. More at lockbaud.com.

Media Contact

Sam Sapp, Lockbaud

lockbaud.com

Full release with sources: https://lockbaud.com/newsroom/tax-preparer-security-plan-requirement/
7Aug
Social Security Adjustments Have Failed to Keep Pace with Inflation—How Retirees Can Supplement Their Income Through Bitcoin Mining in 2026

The Truth No One Wants to Talk About

England, U.K, Aug 07, 2026 — In 2026, the Social Security Cost-of-Living Adjustment (COLA) increased by 2.8%, raising the average monthly benefit for retirees by approximately $56. However, because the prices of essential expenses such as housing, healthcare, and food have generally risen by more than 2.8%, the real purchasing power of many retirees who rely on Social Security continues to decline.

At the same time, the Social Security system is facing long-term financial pressure. It is projected that by 2034, the Social Security trust fund may be able to pay only about 83% of scheduled benefits. For a growing number of retirees, Social Security remains an important source of income, but relying on benefits alone is becoming increasingly insufficient to meet retirement living expenses.

A Supplementary Source of Income

In recent years, Social Security benefits have consistently lagged behind the rising cost of living, prompting some retirees to seek additional sources of income. Compared with traditional investments or part-time work, Bitcoin mining traditionally required expensive mining equipment, ongoing electricity and maintenance costs, and specialized technical knowledge.

Cloud mining changes this model. Instead of purchasing and operating mining equipment, users simply purchase cloud computing power to participate in Bitcoin mining. The platform is responsible for equipment operation and maintenance, while users automatically receive daily Bitcoin mining rewards. As a result, cloud mining has gradually attracted the attention of retirees looking for supplementary income.

ASDeFi: A Platform Designed for Convenient Cloud Mining

Founded in 2020, ASDeFi is a Bitcoin cloud mining platform with more than 5 million users worldwide. It operates physical data centers that manage over 11 million TH of computing power.

The platform maintains a 99% uptime, supported by real-time monitoring and a professional maintenance team. It is also committed to using 90% renewable energy, providing users with a stable, efficient, and more environmentally friendly cloud mining service.

How It Works: Four Simple Steps

1. Register an Account https://asdefi.com

New users receive a $15 welcome bonus, which can be used to experience the platform’s cloud mining services.

2. Complete Your Account Setup

Log in to your account dashboard, deposit cryptocurrency, and link your cryptocurrency wallet address to receive mining rewards.

3. Purchase a Mining Contract

Go to the Contracts page and purchase the $15 mining contract. You can also choose other mining contracts that match your budget and investment plan.

4. Start Mining and Withdraw Your Earnings

Once the contract is purchased, the platform automatically allocates computing power and the cloud mining contract begins running immediately. You can monitor your mining rewards in real time on your mobile phone and withdraw your earnings at any time.

Frequently Asked Questions (FAQ)

Can retirees participate?

Yes. As long as you meet the platform’s requirements and have a cryptocurrency account, you can choose a cloud mining contract that suits your financial situation.

Do I need to purchase mining equipment?

No. The platform is responsible for mining farm construction, equipment maintenance, computing power management, and overall system operation.

Which cryptocurrencies are supported?

The platform currently supports more than a dozen mainstream cryptocurrencies, including BTC, ETH, XRP, DOGE, SOL, BNB, and USDT.

Conclusion

Although the 2026 Social Security COLA increased by 2.8%, many retirees continue to face rising living costs for healthcare, housing, and food. Combined with the long-term financial challenges facing the Social Security system, relying solely on Social Security benefits is becoming increasingly difficult for many retirees.

As a result, some retirees with available capital are turning to ASDeFi Bitcoin cloud mining as a supplementary option for generating passive income—without the need to purchase mining hardware or possess specialized technical knowledge.

For more information, visit:https://asdefi.com

Download the App
7Aug
DUVE Reveals Technical Details of Four-Month White Ceramic Watch Customization Project

Dubai, United Arab Emirates, 7th Aug 2026 – DUVE has completed a four-month bespoke watch customization project and shared technical insights into the work involved. The finished piece has already made a public appearance, most recently on the wrist of blogger Alexander Zubarev during a visit to a Dubai restaurant.

Customization is becoming increasingly common among influencers, who are moving away from standard production models in favor of accessories tailored to their individual preferences.

 DUVE representatives confirmed that the watch was produced to individual specifications as part of a bespoke customization project. The entire process took approximately four months. According to the atelier’s craftspeople, the primary technical challenge involved refinishing the white ceramic case. The team had to achieve the intended matte texture without compromising the watch’s factory water resistance or movement specifications.

“We work with clients who see the standard configuration of a watch as a starting point rather than a final choice. They want to preserve the engineering foundation and recognizable character of the original model while giving it a distinct identity. To us, customization is more than an aesthetic transformation: every design decision must be technically sound and must not compromise the reliability of the watch. For this project, it was particularly important to strike a balance between the expressive matte finish of the white ceramic and the preservation of the factory water resistance and movement specifications. It is this combination of personal aesthetics and technical precision that transforms an established model into a truly individual, one-of-a-kind piece,” said a representative of the DUVE atelier.

About DUVE

DUVE specializes in the exclusive redesign of high-end watches. The atelier transforms iconic factory models into one-of-a-kind personal pieces. Combining innovative material-processing techniques with premium client service, DUVE delivers bespoke projects for collectors and public figures worldwide.
https://duve.ch

Media Contact

Organization: DUVE watch

Contact Person: Marcus Weber

Website: https://duve.ch

Email: Send Email

City: Dubai

Country:United Arab Emirates

Release id:47952

The post DUVE Reveals Technical Details of Four-Month White Ceramic Watch Customization Project appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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7Aug
STARTRADER in Discussions with Trustpilot to Consolidate Review Profiles

DUBAI, UAE, August 7th, 2026, FinanceWire

STARTRADER is in ongoing discussions with Trustpilot about a proposed consolidation of its existing review profiles into a single listing. The matter remains under discussion, and no timeline for completion has been confirmed. STARTRADER confirms that the matter has no impact to date on its operations or client services.

As STARTRADER has expanded across multiple regions, separate Trustpilot profiles were established for different entities and markets over time. A single, consolidated profile would provide clients a clearer overarching view of STARTRADER’s customer feedback across regions.

Some clients may have noticed changes to STARTRADER’s Trustpilot presence, including to the displayed rating, review count, or review history. These changes are not related to the proposed consolidation exercise described above, or to STARTRADER’s trading platforms, products, or client support, all of which continue to operate as per normal.

STARTRADER will provide further updates as discussions with Trustpilot progress. Clients with questions in relation to this matter can reach out through STARTRADER’s client support channels.

About STARTRADER

STARTRADER is a global multi-asset broker empowering retail and institutional partners to access global markets through a range of platforms, including MetaTrader, STARTRADER APP, and STAR Copy. STARTRADER operates through entities licensed and regulated by authorities including CMA, ASIC, FSCA, FSA and FSC, combining strong governance with a client-first approach, serving both retail clients and partners with a commitment to transparency, reliability, and long-term growth.

Contact

Janna.magabilen
Janna.magabilen@startrader.com

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