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The Latest Breaking News from Cred

Chicago CRED receives ‘transformational’ $21 million grant from Sue Ling Gin Foundation to fight gun violence

The violence reduction organization, founded by former U.S. Education Secretary Arne Duncan will use the funds to expand its work on the South and West sides.

Chicago Sun-Times

From the South Side to Senegal to build a school

Keianti Darling, Durrail Williams and Joseph Thomas are members of Chicago CRED, a group that works to reduce gun violence. Recently, they traveled to Senegal on a service trip to build a school.

Chicago Sun-Times

The 'crypto canary in the coalmine' that regulators totally missed.

Cred came before FTX, Celsius, and the current gallery of crypto rogues. It offered valuable lessons—if only someone had paid attention to them.

Fortune

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Crypto lender Cred collapsed in 2020 after pulling in $135 million from customers. Its shady dealings foreshadowed FTX’s downfall—but regulators didn’t notice

Cred and its successor Earnity have been accused of using many sloppy tactics from the Sam Bankman-Fried playbook.

Fortune

‘Peacekeepers’ try to prevent violence using hard-won street smarts

For a $100 stipend, some Chicagoans who are statistically among the most at-risk of gun violence are working to change themselves and their neighborhoods.

Chicago Sun-Times

Over £60m raised by credit card start-up backed by former Manchester United star Rio Ferdinand

The investment means the company is now valued at more than £70m

Manchester Evening News

Credit card start-up backed by Rio Ferdinand raises over £60m

The investment means the company is now valued at more than £70m

Birmingham Post

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How a gun violence spike in 2016 created a movement of Chicagoans that is still building

Over the last six years, support for community-based violence prevention has swelled in Chicago. It started with a “really shocking and enormous” increase in shootings.

Chicago Sun-Times

Why Dallas has invested in a program that sends messengers to youths on the streets

DALLAS -- Victor Alvelais has been in the shoes of the kids he works with.

Tribune News Service

Chicago CRED grads celebrate high school diplomas and look to future careers

The program mentors young adults dealing with gun violence and helps them get their GEDs. They want to show them “you’re worthy, you’re valid, and this is only one of the many things that you will go on to accomplish,” a CRED employee said.

Chicago Sun-Times

Anti-violence groups tout united front as summer nears

Spending on outreach to Chicago’s most-dangerous and most-endangered residents will hit an all-time high.

Chicago Sun-Times

What would it cost to reduce crime in Chicago?

Experts peg the yearly costs at hundreds of millions — and as high as $1 billion — to make Chicago as safe as New York or Los Angeles.

Chicago Sun-Times

After the Sewell report, the race action plan seems a step in the right direction

We may even read parts of this as a discreet repudiation of what went before. But there is more to be done, says Halima Begum, chief executive of the Runnymede Trust

The Guardian - UK

Government sets out new action plan to tackle racial inequality

Among the measures are revamping the history curriculum for schoolchildren, issuing advice to employers on how to measure and report on ethnicity pay gaps, and clamping down on online racist abuse

Wales Online

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The Times of India

Crypto investing platform raises another $6.5 mn, MF-like product Coinset proves game changer

NEW DELHI: Crypto investing platform, which was founded in 2018, has raised $6.5 million in a pre-series A round from Arkam Ventures, Tribe Capital, and Bolt by QED Investors. The pre-series A round follows a $2.5 million seed funding that the startup had raised four months earlier by Nexus Venture…

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