The move by JPMorgan and Apollo comes at a time when various traditional finance institutions are increasingly expressing interest in blockchain technology. In a groundbreaking move, traditional finance titans JPMorgan Chase & Co (NYSE: JPM) and Apollo Global Management Ord Shs (NYSE: APO) has successfully collaborated with blockchain firms to demonstrate a “proof of concept” for tokenization of funds on a blockchain platform of choice. The collaboration, which is part of Project...
Read More »First Republic (FRC) Shares Rebound 40% Following Monday Selloff
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Read More »Stock Futures Plunge as Market Craves Stability amid Banking Crisis
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Read More »Charles Schwab Unveils New Crypto ETF
The battle for a crypto-based exchange-traded fund (ETF) is still occurring, and now it looks like Charles Schwab – one of the world’s largest financial institutions – is getting involved and earning a few winning marks in the process. Charles Schwab Is Getting Involved in Crypto Not long ago, Charles Schwab Asset Management announced plans for what it’s calling the Schwab Crypto Thematic ETF (STCE). The product will allow investors and clients of the institution to gain...
Read More »Reasons Why Markets Continue to Rise Despite Growing Number of Coronavirus Cases
Well, the jobless figures and the economic outlook seem pretty bleak for the coming few quarters amid coronavirus, here is how the market is reacting to the situation. Is any further damage already priced-in?On Thursday, March 26, Dow Jones surged 6.38% closing the day 1351 points higher at 22,552 levels. This has been the index’s biggest 3-day surge since 1931. Just in the last three days, Dow has added nearly 4000 points to its rally.However, it was all surprising to see the markets rally...
Read More »Citigroup Joins the Big 6 with Its Robo-Advisor, It Will Be Free for Some Customers
Citigroup decided to make a little bit of difference for its wealthier clients by having a new digital robo-advisor who can help them create their own portfolio. Clients who have at least $50,000 in deposits or investments at the bank automatically qualify for the bank’s Citi Priority package of banking services. It is planned that this package incorporates access to an automated investing program.The program works like most robo-advisors. First, clients have to answer a few questions related...
Read More »Alchemy Is Going to Become the Microsoft for Blockchain
While it may sound like a marketing gimmick or a play on words, two founders behind blockchain startup Alchemy believe that their two-year-old startup might become the “Microsoft” of blockchain technology. In a series of serendipitous events, the founders Nikil Viswanathan and Joe Lau (who are both Stanford graduates) have been able to raise about $15 million from several investors that include billionaire Charles Schwab, Reid Hoffman who is LinkedIn’s co-founder, Stanford University and...
Read More »Studie: Millenials lieben Bitcoin mehr als Netflix
Eine Studie zeigt: Millenials bevorzugen Investments in Bitcoin! Foto CC0 Public Domain via Unsplash Die Schwab-Studie gilt als branchenführende Benchmark. Eine Studie zum nun dritten Quartalsbericht dieses Jahres zeigte, dass die Generation der Millennials mittlerweile bevorzugt in Bitcoin investiert. Während Walt Disney und Netflix auf der Liste nach unten rutschen, gelten Amazon und Apple als Gewinner. Veröffentlichung eines dritten...
Read More »Robinhood Introduces Fractional Stock Trading to Wide Audience
The most lucrative stocks in the market today seem to lock out the less-wealthy investors. For instance, one share of Amazon stock costs over $1,700 and that of Google is over $1,300. However, a solution came up in the form of fractional stock-trading.To continue its quest to democratize the world of stock trading, Robinhood has announced that it is launching fractional share trading this week. If anyone has $1 to spare, they have no excuse for not investing.The new strategy enables users to...
Read More »Merged TD Ameritrade and Charles Schwab Could Balance Fidelity’s Crypto Domination
There are rumors that the bank and stock brokerage company The Charles Schwab Corp. is negotiating a purchase of online broker TD Ameritrade. The two companies are the largest publicly-traded discount brokers in the United States but it is interesting to see what would this merger mean for the cryptocurrency trading.But, let’s start from the beginning. Nebraskan TD Ameritrade has been crypto-friendly for a longer time now – meaning, its clients had the possibility to trade Bitcoin futures...
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