FinTech

Samsung has wowed the world with its foldable phone Galaxy Z Flip shown in the ad aired during the Oscars 2020 ceremony.We are all already used to that, when some new products come along, what you get first – are leaks. Sometimes the leaks are just fake, and sometimes they can be even non-legal. Be it as it may, after Samsung suffered weeks of leaks of its new, long-awaited, upcoming foldable phone, the company decided to scoop itself.Just a few days before the Galaxy Unpacked event that will...

Forbes has revealed the names of the highest-paid actors and actresses in the fiscal year 2018/2019. Dwayne Johnson and Scarlett Johansson are in the first lines in their categories.Forbes has listed Dwayne Johnson, alias the Rock, as the highest-paid Hollywood actor while Scarlett Johansson held the highest-paid position for the actresses. The report which compiled the Hollywood participant’s earning between the fiscal year 2018 and 2019, listed the top ten earners in both the male and...

In a quest to fund the Blue Origin project, Amazon CEO Jeff Bezos continued with his initial plan to sell shares. He has now sold $3.5 billion worth of shares in a week after AMZN stock jumped higher and the company joined the $1 trillion club.Amazon CEO Jeff Bezos has sold almost $3.5 Billion worth of Amazon’s (AMZN) shares in the last one week, in the quest to fund his aerospace project Blue Origin. According to filings from the Securities and Exchange Commission (SEC), Jeff sold slightly...

While a digital asset may look like a security at first, it could potentially become decentralized enough in the following years to no longer resemble a security. Bearing this principle in mind, SEC commissioner Hester Peirce has proposed a safe harbor period for token sales.The official at the Securities and Exchange Commission (SEC) Hester Peirce, named “CryptoMom” by the crypto community, suggested a so-called ‘safe harbor’ for all upcoming token projects. Her opinion is that this could...

Qualcomm (QCOM) stock positively reacted to the optimistic figures in the company’s Q1 earnings report. The net income in that fiscal quarter was $925 million.Leading Technology Firm Qualcomm Inc. shares experienced a new rise, as QCOM stock has managed to top the earning table on Wall Street, making the firm one of the most valuable at the moment in the stock exchange market.Mobile technology firm and one of the very few proponents of the 5G network Qualcomm Incorporated shares rose steadily...

CEO Lightning Labs Elizabeth Stark announced that the company has raised $10 million to further develop their project and scale the developer ecosystem. The tech company also launched its flagship product Beta Loop after a series of testing.Through a medium blog post, Lightning Labs CEO and Co-founder Elizabeth Stark announced that the tech company had raised a $10 million Series A capital. The raised capital will be used to further its lightning payment system project that is being...

Having moved its operations to Dublin due to Brexit issues, Europe’s popular fintech startup is planning to join Monzo and N26 in the competitive U.S. market. In the U.S., Revolut will specifically target exchange students and business travelers.London-based fintech firm Revolut is now planning to move its operations to Ireland’s capital city Dublin and Lithuania. This decision from the startup comes as the UK moves out of the European Union with Brexit.In the last few years, Revolut has...

Venture divisions of Salesforce and Samsung joined a second Series C funding round for a startup called Digital Asset that had already gathered $35 million from investors.Digital Asset, a New York-based financial technology company that builds products based on distributed ledger technology for regulated financial institutions, has acquired investments from Salesforce Ventures and Samsung Venture Investment Corp in the second closing of its Series C funding round. It was revealed on Tuesday,...

Visa has announced some updates for merchants. Transactions on e-commerce sites will have higher rates, while retailers in certain services categories, such as real estate and education, will see fees decline.It got about the plan of financial corporation Visa to change the point-of-sale system for the U.S. merchants. According to the company, the move is the major system’s update through which Visa aims to persuade more people to give up using checks. Besides, the company is planning to...

Samsung Venture Investment Corp (Samsung) and Salesforce Ventures, recently participated in a Series C funding round for a blockchain company called Digital Asset Holding. This is its second funding round in two months, each raising $35 million.Samsung And Salesforce Invest In Digital AssetDigital Asset, the creators of the smart contract modeling language, DAML, announced yesterday the successful Series C financing round. According to the statement, the company raised $35 million, which...