FinTech

Slowly but surely, the cryptocurrency industry is heading towards the mainstream adoption it deserves with a new milestone announced today.Fold Launches BTC Cashback CardFold, a bitcoin-friendly shopping app has become the first crypto startup to join Visa Fast Track Program and will now launch a Visa co-branded debit card that rewards users with Bitcoin for purchases made with the US dollar. According to the announcement Thursday, users can earn up to 10% Bitcoin cashback for every dollar...

The Dow Jones Industrial Average is actively gaining today as well as many stocks on the market. Meanwhile, U.S. coronavirus cases have topped 400,000The Dow Jones climbed nearly 800 points on Wednesday following Sanders’ decision to give up and quit his presidential campaign. Stock markets are also doing well today. Meanwhile, White House Health Advisor Anthony Fauci estimated the United States could see a slight outbreak decay next week and New York Mayor Bill De Blasio revealed some...

Zoom Video Communications (ZM) stock price lost $9.19 approximately 7.48% on April 8. The fall is being attributed to the class-action lawsuit. Zoom is being sued for not disclosing privacy security flaws.Since the outbreak of coronavirus, many people got to adapt to working remotely. Zoom Video Communications Inc (NASDAQ: ZM) and its stock price have been on the rise. However, the rally did not have much of the fuel as the bulls seem to be already exhausted. It all began around March 20,...

Spain, Italy, France, and Germany all recorded over 100,000 COVID-19 cases. As hopes for the sooner recovery from the virus started fading, global stocks and market indices suffered on Wednesday. The number of coronavirus cases in the U.S. has hit a new record. On Wednesday, it surpassed 400,000, doubling in just one week. The number of deaths in the country reached 12,864. The U.S. is reporting most COVID-19 cases worldwide, followed by Spain, Italy, France, and Germany. The coronavirus...

Despite serious market problems that stem from the coronavirus outbreak, Samsung predicts a good profit from its first-quarter figures.Because of the coronavirus pandemic, many companies have significantly cut down their expectations for the first quarter of 2020. The pandemic and the resultant lockdown of many cities in many parts of the world, has affected the regular flow of business. This means that these companies cannot perform at their optimum level if they were doing so before....

On Monday Microsoft stock experienced a 5% market rise. The global computer software firm is well-placed to outlive the coronavirus storm better than many other stocks.Global computer software firm, Microsoft Corporation (NASDAQ: MSFT) stock has experienced a 5% market rise on Monday. Since sliding during the coronavirus sell-off, the firm’s stock did not plunge into the red in the first quarter. However, the firm’s stock trades 17% below it high on February 17.In the firm’s fiscal...

In this digest, we will look at some of the major new developments amongst major crypto exchanges that were implemented in the past month.During this uncertain time, many companies in the crypto industry are continuing to develop their technology further and implement more innovative features for their users. This crypto digest will guide you through the major stories of March 2020.Shimmer on RustAlso, this month crypto exchange Bitfinex announced the deployment of its proprietary market...

Revolut’s cryptocurrency Services are coming earlier than planned due to the fallout in the global economy as more countries undertake quantitative easing.Revolut cryptocurrency services are now available to all users of the platform. The fintech firm has decided to allow access to its cryptocurrency trading platform earlier than previously planned. The economic fallout of the COViD-19 situation hasn’t abated and as a result of this, Revolut is making its services available to all users on...

Switchere, a new player in the crypto world, is actively developing in Europe where it has a huge customer base and penetrating the Asian market as well.A new crypto exchange by the name Switchere is not only developing fast but also gaining a huge customer base in Europe. Although entering a market with huge competition, it has grown fast to see its services reach the Asian market, which has a very large number of crypto enthusiasts.The crypto exchange is offering transparency and...

Encrypted messaging service Telegram is putting up a fight with the Securities and Exchange Commission (SEC).Telegram Is Duking It Out with the SECThe company is in hot water after the government organization claimed Telegram had failed to properly register a token offering a few years ago that resulted in more than $1 billion in revenue for the messaging service. The enterprise made quite a bit of money after promising delivery of its new “gram” tokens to several individual investors, though...