FinTech

WeWork is less than a decade old but is already enmeshed in more than its own fair share of troubles. The company which was founded back in 2010 has already had a large number of its most senior officials exiting. WeWork executives are very unhappy because of all the uncertainty about the company’s corporate governance methods, as well as all the obscurity about the company’s initial public offering (IPO) until it has been recently canceled.Furthermore, there is a lot of distrust and...

The S&P 500 is the most widely used stock market index as it takes into account 500 of the largest stocks by market capitalization. This position atop other indexes has remained constant for a long time, probably because the index captures the big stocks without taking the specific sectors into consideration.Back in July, the S&P 500 hit its all-time high of about 3,025 and even though its currently not too far from that mark (at 2,992), Fundstrat’s co-founder and managing director,...

Smartphone-Bankinglösung neon erhält 5 Mio CHF in Round A-Finanzierung für weiteren Produktausbau Neon, die Zürcher Antwort auf Revolut und Transferweise hat erfolgreich die nächste Finanzierungsrunde in Höhe von 5 Mio. CHF abgeschlossen. Nach dem aufmerksamkeitsstarken Markteintritt finanziert das Start-Up den weiteren Produktausbau. Neben Lead-Investor Tamedia haben auch die Zürcher Backbone Ventures und verschiedene Altinvestoren in...

It seems that London has overtaken New York in the raising of finance for the global fintech sector or so it seems. According to CNBC, in terms of fundraising deals, the capital of the United Kingdom so far has raised about 114 deals worth about $2.1 Billion while the money City of the United States raised about $1.9 Billion figures show. The startup and venture capital hub San Francisco outpaced both cities with $3 Billion while Brussel in Belgium came a distant fourth with $881 Million and...

Recently, people familiar with the matter, shared information that OneConnect, which is the fintech and blockchain unit of the Chinese insurance giant Ping An, is planning to debut in New York with an IPO. The company plans to launch the IPO in mid-November this year. Also, Japan’s SoftBank Corp. is one of the largest investors in the company.Previously, the company had marked the listing venue in Hong Kong. However, a few months ago, it changed it to New York in order to achieve a more...

Social media giant Facebook has for the first time indicated the full list of the basket of currencies which will support the proposed stablecoin Libra. While is known publicly that the US Dollar accounts for about 50% of the basket of currencies that will back the cryptocurrency, not much was known about the rest.According to the Der Spiegel report , in response to a request from Fabio De Masi who is the finance spokesperson of the Left Party of the German Parliament (the Bundestag), a...

Only a few days remain before the launch of the long-awaited and much anticipated Bakkt trading platform, which will bring large institutional investors to the Bitcoin market. It may sound unfeasible, but Bitcoin price is expected to reach $100,000 in the coming years, and much of the next bull run will be driven by Bakkt.What is Bakkt?The Bakkt cryptocurrency platform was created by ICE, a transcontinental operator of the largest futures exchanges and clearing houses for financial and...

About 17 new crypto assets could soon be listed on Coinbase depending on how the technical and compliance review goes. Among the cryptocurrencies that Coinbase is considering for listing include coins that are yet to launch such as Gram that is fronted by messaging platform Telegram and Chia which was founded by the creator of torrent client BitTorrent, Bram Cohen. The other coins are Avalanche, Celo, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid,...

Wall Street veteran and founder of the Galaxy Digital crypto merchants bank, Mike Novogratz, recently accepted that he missed out on the token sale of Telegram‘s TON cryptocurrency.During a recent interview with The Block, Novogratz spoke how he missed the opportunity of investing in the Telegram Open Network (TON). Messaging giant Telegram has been work for over a year on its ambitious blockchain project which can see the light of the day anytime soon.In his interview, Novogratz said that...

The second major smartphone maker Huawei seems to be in troubles. Even though they tried to convince Google to let them continue operating on their new Androids, Mate 30 Pro and Mate 30, they haven’t succeeded. At the beginning of the month, as we have already reported, the company announced the launch date for its new smartphones. And last week we witnessed a lot of video teasers regarding new models, Google seemed to stay implacable regarding to its politics. This definitely seems to be a...