Tag Archives: Market News

Facebook is one of the most attacked companies in the world as it always seems to be swimming in one legal or regulatory battle or the other (especially in relation to its Libra project), at pretty much every point in time. However, the social media giant is still also one of the world’s most successful companies and has proven it time and again, most recently with its recent third-quarter earnings figures. Facebook’s numbers exceeded expectations and well enough for its stock (FB) to hit...

Photo: ShutterstockThis October, at Blockchain Life 2019, Europe’s largest cryptocurrency and blockchain forum, a blockchain project Serenity presented the White Label of a cryptocurrency exchange, as well as a cryptocurrency exchanger, margin trading platform and blockchain escrow technology for Forex brokers, all of which was met with great enthusiasm from the attendees. Despite the fact that a good part of the forum participants were crypto exchanges – which reflects the current market...

Deutsche Bank has embarked on a comprehensive restructuring plan, in a move to revive its failing business, according to reports from earlier this year, but recent events show that its program may not be going as expected. Deutsche Bank took a devastating financial blow which has totally derailed it from its intended market target.Surrounded by an ongoing restructuring plan, the German lender has released its third-quarter report for 2019 on Wednesday, which shows a net loss of 832 million...

The famous Big 3 – Amazon, Microsoft and Google – went crazy in this earning season with their revenues made through cloud infrastructure reaching almost $22 billion. The rulers of the cloud infrastructure market have driven major societal change via their dominance and role in online activities, unlike other tech giants as is for example IBM. They are ruling the online market through anti-competitive practices, constant-rising financial power, and intellectual property law.Be it as it may,...

Even though there’s currently no official word from the company, it has been reported that China’s Bitmain Technologies – one of the largest crypto mining manufactures in the world – has secretly made an official application with the United States Securities and Exchange Commission (SEC), to float an initial public offering (IPO). The move is also said to be fully backed by a German multinational financial services company, Deutsche Bank.Because it is supposedly a secret filing, there aren’t...

As next year heats up with television streaming becoming one of the key areas of intense competition in the technology and entertainment world, AT&T’s WarnerMedia has indicated that its new streaming service will fall 1 cent below $15 at $14.99 monthly of which it expects users of the service to be more than satisfied with the pricing.WarnerMedia CEO John Stankey at a corporate event in California on Tuesday indicated the media arm’s willingness to commit to the project to the fullest....

Scopely, the Lon Angeles-based mobile game development platform has recently raised $200 million in the Series D funding round. Until now, the free-to-play mobile-games publisher $458 million in total. With the latest fundraising, Scopley’s valuation has hit a massive $1.7 billion.The Series D funding round was led by NewView Capital, along with participation from the Canada Pension Plan Investment Board (CPPIB), investment firm BlackRock, and Scottish asset management firm Baillie Gifford....

Photo: CoinGecko / InstagramCoinGecko, a coin market ranking chart aggregator that provides a fundamental analysis of the crypto market, has announced it is preparing to roll out its own section for monitoring cryptocurrency derivatives. According to the company, its offering will be the first of its kind.Announcing: CoinGecko Derivatives! ??At a glance, you'll see aggregated data for the derivatives market including pricing, funding, open interest, volume and more!Currently covering over...

eToro, the global social investing platform, just launched its innovative “CopyTrading” feature for U.S. users. It will allow the app’s 11 million accounts to automatically copy the moves of top securities traders. They’ll win – or lose – the same percentage of their investment. It’s like following someone on social media but with money. eToro Director of Finance and Operations Hassan Ahmed revealed on Twitter that CopyTrader has made its way to the U.S. Ever the innovative fintech...

In what has been seen by many as a move into the fitness sector, Alphabet Inc. parent company of Google has been in talks with fitness device manufacturer Fitbit for the prospects of acquisition. Alphabet Inc. has been eyeing the wearable fitness device for some time and this could be a culmination of the innovative company’s intentions to get a slice of the fitness pie.Sources familiar with the matter indicate that while Alphabet is already at par with other device makers in terms of devices...