Tag Archives: Companies

First of all, Happy Thanksgiving y’all. Be thankful for your life, your family and, hopefully, your wallets. Hope you had a nice dinner and it prepared you for the Christmas holidays.  However, today is Black Friday and even though it should remind us on the awful things done to the slaves in the U.S. back in time, it should remind us that, except this should never happen again, we could use this date to do something good – for someone, or for us (‘cause you have to love yourself,...

Swedish fintech firm Klarna has become the undisputed champion in the fintech space. Sources indicate that the gains made his year alone has put the firm light years ahead of its peers and competitors. The e-payments firm has indicated that about 60,000 merchants have been added to its network and that it has created linkages with about 190,000 retail partners in addition to 16 million new users of the service as well.Moreover, it has emerged that the fintech firm is now worth about $5.5...

National Westminster Bank (NatWest), one of the largest retail and commercial banks in the United Kingdom, has announced that it will lead a consortium that will leverage blockchain technology, to simplify and speed up the process of buying a property in the U.K.According to a recent Forbes report, NatWest will be leading this consortium with real estate blockchain startup Coadjute, along with six other firms including Dezrez Estate Agency Software, Search Acumen Property Data, LMS Panel...

In a history-making move, popular e-sports team Astralis Group is aiming for the first e-sports initial public offering. Sources indicate that the Denmark-based top e-sports gaming company is aiming to conquer the e-sports market which currently worth about $1.1 billion. Sources also further indicate that the IPO based on the prospectus is set to raise between 125 to 150 Danish Kroner which is about $18 million to $22 million. The listing is scheduled for December 9 and it is said to take...

Pushing the crypto use in the tourism industry, crypto exchange Binance has entered a partnership with crypto travel startup TravelbyBit. The two companies together announced the launch of a rewards card which can facilitate crypto payments on several travel websites.Users of the TravelbyBit travel rewards card will get access to exclusive travel deals and discounts for the hotel as well as flight bookings. The crypto travel card will function as a traditional prepaid debit card wherein the...

Jeff Bezos has unexpectedly become the world’s richest man again. This occurred largely due to a significant increase in U.S. online sales which has risen by 15.8 % as opposed to last year. Online retailers have made sales of about $50.1 billion this month alone so far. This, of course, has been reflected in the rising prices in Amazon stock which stands at $1,818.51 per share which indicates a rise of about 1.20% in the past twenty-four hours. Amazon’s stock has rebounded largely in part to...

While major economies across the globe are pushing for blockchain adoption, Asia’s third-largest economy India is having similar plans. As per the latest report from India Times, the government of India is working on a national blockchain strategy.On Wednesday, November 27, the publication reported that India’s Ministry of Electronics and Information Technology (MeitY) is considering the application of blockchain technology across multiple sectors like banking, governance, finance,...

Multinational banking and investment institution JP Morgan has expressed extreme confidence in the possibility that stocks in the Asian market will perform quite impressively as 2019 ends and 2020 begins. The company believes Asian equities are going to blossom, specifying that India and South Korea are fully set to take the lead.Speaking to CNBC on Monday, JP Morgan’s head of Asia ex-Japan equity research James Sullivan, said the JP Morgan camp is “bullish on Asian equities”, suggesting...

Now it what may be a breakthrough for the Ethereum blockchain a blockchain advisory and product development firm Akomba Labs has offered a solution that allows the creation of blocks on the Ethereum blockchain twice as fast as before. Sources indicate that Akomba Labs in collaboration with BloXroute ran “BloXroute’s” Blockchain Distribution Network” on a Singaporean-based Ethereum node between November 11th and November 27th. The results showed that the blockchain propagation time dropped...

Popular stock-trading startup Robinhood has decided that it is no longer interested in becoming a federally insured bank. Months ago, the company applied for a bank charter with the Office of the Comptroller of the Currency (OCC), in an effort to become a fully-fledged bank but has now decided to shelve said plans.According to the statement, the company has taken this step to shift its attention away from banking to its own core business directed at improving the efficiency of the financial...