Tag Archives: Companies

Photo: UnsplashA new Vegan focused exchange-traded fund (ETF) was launched on the New York Stock Exchangenew yor on Tuesday the 10th of September. Dubbed the U.S. Vegan Climate ETF with the code VEGN, the ETF costs 60 basis points for interested participants and it is the first vegan and climate oriented ETF that has been ever launched.Initiated by Beyond Investing which is itself a vegan and anti-animal investment service, the new ETF boasts of more than a few major holdings including...

With the massively exploding global internet user-base, the web is cluttered with a lot of information and companies providing web services are facing severe challenges in segregating the useful information and getting it to their users.Taking a step towards effective web monetization, open-source web browser Mozilla, Ripple-backed content platform Coil, and non-profit organization Creative Commons have pledged a whopping $100 million for a program dubbed Grant for the Web that aims at...

eToro as a broker in its own right has been a huge presence in the Forex and CFD trading industry since its inception in 2006. They have grown continuously and now cater to millions of traders worldwide.Following on from progressive growth in the number of digital assets offered, the eToro group launched sister platform eToroX Exchange in April 2019. The company is regulated in Gibraltar under the umbrella of the Gibraltar Financial Services Commission.The crypto exchange currently offers...

Things aren’t so great in the FedEx camp at the moment as the express shipping and logistics firm fell short of expectations on Wall Street for its first fiscal quarter of the year, which ended in August. This has led the firm to also lower its general expectations for its possible earnings for next year to between $10 and $12 in earnings per share. Due to this, FedEx stock’s (FDX) after-hours trading fell more than 9%.Based on the report posted for the quarter, the company reportedly pulled...

Binance, one of the world’s leading crypto exchange is opening its platform for the American market today, on September 18. In the official post published by CEO Catherine Coley, it was noted that Binance US will support the biggest coins in the market and will offer to make US Dollar deposits as well. The blog post reads:“We will be accepting inbound transfers of BTC, ETH, XRP, BCH, LTC, USDT, and USD upon appropriate account verification.”But what’s about Binance Coin (BNB)? It was not...

Japan’s popular messaging app LINE has launched its new crypto trading platform Bitmax. According to the press release, Bitmax is a simple and secure cryptocurrency exchange that makes getting started easy even for beginners at cryptocurrency trading.It will allow users to trade five types of cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Litecoin (LTC). The announcement has been made after LINE received a cryptocurrency business license from the country’s...

The Chicago Board Options Exchange’s (CBOE) BZX Exchange has withdrawn the proposed rule change in the Bitcoin ETF proposal issued by the VanEck/SolidX Bitcoin Trust. The SEC notice on Tuesday, September 17 states that CBOE decided to withdraw its proposal last week on September 13.The VanEck SolidX Trust filed for the Bitcoin exchange-traded-fund (ETF) with the SEC earlier this year on January 30. Nearly after a month on February 20, 2019, the Federal Register published the filing.Over the...

The long-awaited launch of arguably the world’s largest cryptocurrency exchange for the American market, Binance US is finally here. Binance US opens today Wednesday the 18th of September, and promises to deliver world-class digital trading technology with great speed, ensuring a remarkable experience for all of its customers. Before now, the crypto exchange had its services restricted in the US and later announced that it will open a more American specific platform to cater to the...

The United States Commodity Futures Trading Commission (CFTC) has welcomed a new member to its team. They have appointed Dorothy D. DeWitt, General Counsel of Coinbase‘s Business Lines and Markets and the vice president, as the director of the Division of Market Oversight (DMO).According to the CFTC’s announcement, at CFTC, Dorothy D. DeWitt will be responsible for supervision of derivatives platforms and swap data repositories, as well as evaluating new platform-traded products. Ms. DeWitt...

American multinational megabank, Wells Fargo, has revealed its plans to launch a digitized platform which will be used for internal settlements. The service, Wells Fargo Digital Cash, as well as the company’s own U.S. dollar-backed stablecoin, are slated for debut in 2020 and targeted at making USD transfers with a broader plan to accommodate transfers in other currencies within the whole Wells Fargo network.Wells Fargo is an American community-based financial services firm that offers...