FinTech

Apart from the popularity of its ride-hailing services, Uber is also very well-known as a market player all over the world and especially in the finance sphere for its continuous and rising loss over the years. Recently the company announced a report for its just-ended 3rd quarter which surpassed estimates predicted by financial analysts. However, Uber’s stock (now it’s trading at approximately $31) still lost up to 5% as the company still announced that it had lost well more than $1...

In a move that has seen Big Tech enter the crypto space on a whole new level, Microsoft has launched a platform on its Azure cloud infrastructure to make token deployment to become as easy as possible.Referred to as the Azure Blockchain Tokens platform, the platform aims to make the issuance and existence of blockchain tokens to become cloud-based and to also enable the operating environment of such blockchain projects to become seamless and as easy as possible.This was revealed at the...

Google’s parent company Alphabet has revealed that it will be purchasing popular wearables giant and smartwatch maker Fitbit, in a deal that will be closed soon. Worth $2.1 billion, many analysts agree that this deal has all the makings of a blow-up and could very seriously cement Google’s position as a strong contender in the smartwatch market, a market already largely dominated by Apple. While this is very interesting and important news, the market is starting to wonder whether or not...

Spanish bank Banco Santander SA on Monday announced it is acquiring a major stake in the British payments platform Ebury. The price of this acquisition is, according to the announcement, £350 million ($453 million).Proud to announce that @bancosantander has bought a majority stake in Ebury! ? https://t.co/3F8Zisjz1u pic.twitter.com/15GC4O05A8— Ebury (@EburyUK) November 4, 2019Santander is buying 50.1 percent of Ebury’s stake, which makes it a stakeholder having a controlling vote.  This...

Photo: SamsungSamsung has announced that it is expanding the range of coins available in its blockchain wallet. It has added new token Elrond (ERD) to ensure secure and faster payments using this crypto.Samsung Galaxy S10 device is able to automatically generate a blockchain wallet for users, allowing them to store and use numerous cryptocurrencies (earlier their number was 33). This wallet is created to allow users to make transactions in cryptos and easily access DApps from their...

Long-awaited Apple’s TV streaming service Apple TV Plus is finally live and you can start watching it on any platform that offers the Apple TV app, including iPhone, iPad, Apple TV and support non-Apple devices, as well as on the web at tv.apple.com.Apple is launching with a library of nine titles, and a few more announcements are to come during the next few weeks. Also, the venture counts Oprah Winfrey and Steven Spielberg among its first wave of talent. Apple TV Plus launched on Friday with...

In order to hold a throne of the world’s most innovative tech company, Apple is detected to deploy providers in order to make its first-ever 5G iPhones next year (“innovative” obviously doesn’t have the same meaning for Apple as for the rest of the world). As per Nikkei’s sources, there are three flagship models set to include the most advanced mobile processors that now exist including the leading-edge screens.The company hopes that upgraded iPhones will prevail over Huawei‘s current...

Token offering platform CoinList raised $10 million with a little help from Twitter and Square CEO Jack Dorsey. CoinList was founded back in 2017 as a spin-off of AngelList, and it acts as an ICO exchange platform that at first received support from investment company Polychain Capital, and upraised more than $9 million in its virgin funding tour. Since then, the company is directing regulatory rules concerning initial coin offerings (ICOs), a popular capital acquisition vehicle for emerging...

The famous Big 3 – Amazon, Microsoft and Google – went crazy in this earning season with their revenues made through cloud infrastructure reaching almost $22 billion. The rulers of the cloud infrastructure market have driven major societal change via their dominance and role in online activities, unlike other tech giants as is for example IBM. They are ruling the online market through anti-competitive practices, constant-rising financial power, and intellectual property law.Be it as it may,...

The cryptocurrency sector is largely an exciting one and there are always new events every day, which shows that there are growth and development being recorded. While crypto adoption is improving, there is a lot more focus on increasing the use cases for Bitcoin (BTC) than most of the others. However now, stablecoins including DAI and Tether’s USDT, are starting to game some traction with traditional institutions for everyday use cases.DAI AdoptionAccording to reports, the DAI stablecoin can...