Tag Archives: News

American multinational investment bank and financial services company Morgan Stanley has changed its rating on stocks from Roku, the on-demand video streaming platform backed by Fox. Even though Roku has had an amazing year and climbed quite explosively in the stock market with 400% year-to-date YTD returns, Morgan Stanley dropped its Roku rating from equal weight to underweight.In a recent note to the company’s investors titled “It’s All Priced In”, Morgan Stanley analyst Benjamin Swinburne,...

There have been many debates as to what exactly will happen to the financial technology world in 2020. They have ranged from those who have outlandishly bullish predictions for the fintech space to those who don’t even believe that there the fintech space even exists. Believe it or not, the fintech crystal ball presents a lot of risks and opportunities for both traditional and non-traditional financial institutions and how they adapt to changes is what will separate the winners from the...

On Monday, December 2, there was palpable disappointment in the finance atmosphere as the U.S. stock market’s major indexes, including Dow, saw a sharp fall, the largest 24-hour loss in the last eight weeks. The loss has left quite a number of investors rattled as some believe that it might be an important factor in deciding how well or poorly the general stock market will end 2019.For specifics, the Dow Jones Industrial Average (DJIA) ended the day at 27,783.04 points, losing 268.37, a 0.9%...

The Bitcoin and crypto money markets have thrust in a downward pattern for quite some time, but with only half a month until Christmas, Bitcoin bulls are anticipated, could we be expecting another Santa Claus rally?The Bitcoin price forecast is approximately a part of the highs of its year so far, with most (but not all) altcoins struggling to stay closely related to Bitcoin and recording worse results.Currently, Bitcoin and crypto enthusiasts anticipate unexpected price growth, specialized...

Over the last ten years or so, the American stock market has been performing quite impressively, with continuous rises in its general bull run. Since 2009, companies – notwithstanding price drops over smaller periods – have been doing better with time, on average. German multinational investment and financial services firm Deutsche Bank AG has now revealed the driving factor behind this decade-long bull run.According to a tweet from market analyst Holger Zschaepitz with German media company...

Tribe Accelerator, that is a blockchain accelerator backed by the Singaporean government, has raised 25 million Singaporean dollars which is roughly about $16 million for startups that are presented on its platform. Sources indicate that the accelerator revealed this in a press release yesterday and that about $28 million in total has been raised so far for startups that employ blockchain technology to revolve issues that the world currently faces. The accelerator further revealed that the...

“By working with Binance X [the company’s developer network] and Launchpad, DappReview will bring in more talented Dapp developers and assist promising Dapp projects on fund-raising. A lot more exciting synergies with Trust Wallet, Binance Research, etc. DappReview will partner with the public chains and protocols in the Dapp space through Binance’s ecosystem.”Niu further added that by Q1 2020, DappReview is planning to release a new set of analytical tools and products. Besides, this...

Consumers in the United States made it again. The record for Cyber Monday was hit and it amounted to $9.4 billion spent or 18.9% year-over-year growth, according to preliminary data by Adobe Analytics.However, most of the buyers didn’t wait until Monday to start shopping since retailers started sales earlier in the month, just after Thanksgiving and Black Friday. As we have already reported Black Friday online consumers spent $7.4 billion.Among the winners of this holiday season are Best Buy,...

The current roller-coaster that has hit the crypto space does not seem to prevent new investments in the industry. In that connection, Tokyo-based telecommunications conglomerate SoftBank has introduced a new bank card. The firm says that it can be used either as a traditional debit card or blockchain wallet.According to a December 1 press release, SoftBank has come up with a debit card that has a built-in blockchain wallet functions. This milestone development was made in partnership with...

In what seems like migration for the future, sources have indicated that Waves, a popular decentralized cryptocurrency exchange, has shut down its operations on its decentralized platform and is migrating to a new hybrid-based system that is intended to combine the best of both worlds. The exchange indicated this yesterday in a press release stating that it is shutting down operations on the old website and is shifting to the new Waves.Exchange site where the development of its hybrid model...