Tag Archives: Editor’s Choice

On Monday, November 18, the big-four auditing giant KPMG unveiled its ranking for the top 100 companies in FinTech for 2019. The report shows that the Chinese and Asia-Pacific regions have dominated the rankings.Alibaba‘s payments wing Ant Financial topped the 2019 FinTech100 KPMG rankings. Last year in 2018, the payments and transactions companies dominated the rankings along with other companies from the insurance, wealth management, and lending sector. Another observation from the report...

In recent months, digital assets and cryptos have attracted heated debates. Some governments and watchdogs are making laws that may allow them to go mainstream while others are still hesitant. In what appears as a major development in the nascent crypto industry in the UK, a landmark legal statement was published.The statement was given by the Chancellor of the High Court, Sir Geoffrey Vos. It confirmed that crypto-assets will be recognized as tradeable property while smart contracts are...

Chinese e-commerce giant Alibaba is making swift moves to list its shares on the Hong Kong Stock Exchange. However, amidst high demand, Alibaba has planned to close its books early for institutional investors, reports CNBC.As per the report, the e-commerce giant plans to close its books by 12 PM ET on Tuesday, November 19. The sources familiar with the matter said that the book’s closure will happen half-day before the earlier schedule. This is clearly indicative of the fact that investors...

An ex Paypal official complained that Bank of America has notified him of shutting down his account soon without any explanation given. Actually, the bank did say it “carefully reviewed his banking relationship”, whatever that supposed to mean. Former Paypal’s CFO Roleof Botha said he was utterly surprised when he saw the notification about closing down his account. And, not just that, Bank of America was so kind so it gave Botha 30 days to “take his money and run”.After being a customer of...

On Monday, the American automobile giant Ford unveiled its new all-electric Mustang Mach-E SUV in a breakthrough announcement. The Mach-E SUV is pitched to revive the Ford Mustang legacy while simultaneously adopting the trend for next-generation electric vehicles.Needless to say, the first glimpses are quite stunning as the Mach-E sets up new precedence in the electric car industry. While taking the competition bar higher, the Mustang Mach-E will hit the streets next year in 2020.Ford’s...

Bakkt, the physically-backed Bitcoin Futures contracts company recently confirmed that they are testing their consumer app for retail crypto traders. Allegedly dubbed Bakkt Pay, the app, they said they plan to increase the width of their area of services to a higher level. That includes focusing on putting the retail traders besides institution investors who are already the users of the Bakkt services in its futures trading.BREAKING!Bakkt testing consumer app in preparation for imminent lauch...

It seems China finally decided to cut some ties to the world’s largest reserve currency – United States dollar, at least if it’s to believe the analysts’ prognoses.The biggest and most obvious reason is the ongoing trade war between the two countries said ANZ Research in their recent report. US delisting Chinese companies’ stocks from its market – surely hasn’t helped as well. That is why, ANZ predicts, Beijing decided to diversify its foreign exchange reserves into other currencies as...

As an automobile, Ford’s Mach-E comes with the style, logo, and design of the famous Mustang but everything else under the hood makes it seem more like a Tesla or another electric vehicle. With a range of 210- 300 miles at full charge and accelerations that range from beating high-end sports cars to mid-level sedans, the first set of Mach-Es will be available in late 2020 to the spring of 2021.Although pricey with the cheapest one starting at $43, 895 which is a little bit more expensive than...

As 2019 comes to an end, car lovers will be in for a bit of a treat. Ford (NYSE 8.95) was due to premiere a new fully-electric crossover SUV on November 17, 2019, just as we have already reported. But details and pictures of the new vehicles have leaked a few days early and this gives customers a chance to get a glimpse of Ford’s latest offering. This new model is called Mach-E and the leak comes from screenshots from the Ford website and also has the details on the pricing, configuration,...

Late last month, the United States Department of Defense announced that the much-discussed Joint Enterprise Defense Infrastructure (JEDI) cloud contract, had been finally awarded to Microsoft. After the announcement, many including Amazon itself seemed sincerely surprised that the contract didn’t go to Amazon. Now, Amazon has decided to officially challenge the contract award.According to a Federal Times report, Amazon Web Services (AWS) officially filed with the U.S. Court of Federal Claims...