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Tag Archives: FinTech News

Square Testing a New Free Stock-Trading Service

Internet entrepreneur who is also the co-founder and CEO of Twitter, and the founder and CEO of Square, a mobile payments company Jack Dorsey decided to have his company’s Square Inc. trade Bitcoin on their popular Cash App. Soon, they could include the possibility to buy and sell stocks as well.According to the company, they are now testing out their Cash App feature which point is to license users to make their free stock trades. And while the exact date of its launch is still not have been...

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China’s Crypto Could Become a Global Reserve Currency: Circle CEO

Leading fin-tech entrepreneur thinks China's state-backed cryptocurrency could spearhead global adoption of the yuan as a reserve asset. | Image: Shutterstock Circle CEO Jeremy Allaire believes that China's developing "cryptocurrency" could propel the yuan to worldwide renown as a global reserve currency. Jeremy Allaire on the potential of China's nascent CBDC. |...

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FAANG Stocks Seem to be Dropping the Ball, Could This Company Pick It Up?

Over the years, many investors have used several different methods and strategies, to ensure they have a strong enough position in the stock market. One sure way that pretty much guaranteed a significant passive income, was to buy FAANG (Facebook, Apple, Amazon, Netflix and Google/Alphabet) stocks and just watch them grow, as they are wont to do.This method has driven not just profits, but a generally positive sentiment among investors for a few years. However now, it seems those glory days...

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Facebook Libra’s USD-EUR-GBP-JPY-SGD Crypto Basket May Reject China’s Yuan

Facebook's fiat-pegged 'cryptocurrency', the Libra, may reportedly avoid including China's Yuan among its list of supported state currencies. | Source: ShutterstockThe basket of fiat currencies in the line up to back Facebook's Libra "cryptocurrency" may not include the Chinese Yuan.According to Bloomberg, the likely backers include the US Dollar, the Euro, the British pound, The Japanese Yen, and the Singapore dollar.Facebook offered up this potential list after Virginia Democratic Senator,...

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