Tag Archives: News

Now, we all know SoftBank for its “unicorn status” investment decisions and so it shouldn’t come as a surprise to many that the investment giant has participated in a Series A round of funding for Accel Robotics which is a San Diego-based startup that has been involved in the cashierless space for a bit now. The funding round also attracted other investors including Toyo Kanetsu Corporate Venture Investment Partnership, RevTech Ventures and New Ground Ventures.Accel Robotics and other...

A growing trend in the financial technology world has been a continuous push towards consolidation where the bigger fish is acquiring the smaller fish. There is also an increasing number of interesting startups coming up. The acquisitions happen for the involved companies to enjoy enhanced economies of scale in a business model where all transactions bring incremental returns.However, on December 3, a startup that built the concept of consolidation into its basic DNA raised another funding...

As we are coming to the year’s end we somehow always tend to look in the past to reconcile what was good and what wasn’t. Speaking of the IPOs, we can surely say this year was marked by numerous IPO failures with more than half of stock market debuts now trading below their initial offering.We can just mention hail-raiding companies as are Uber and Lyft who were probably the biggest losers of the year. However, there were also plenty of unicorns that got smashed in 2019 including Peloton (the...

Qualcomm on Tuesday officially announced its next-generation flagship processor for phones. Dubbed the Snapdragon 865 the processor is still in need of a separate 5G modem to enable 5G instead of an integrated 5G modem built right into the chipset. Traditionally, that means more expensive, power-hungry phones than an integrated solution.However, at the Amazon’s event held in Las Vegas called AWS re:Invent, there were plenty of other solutions. Verizon CEO Hans Vestberg went on to discuss the...

While it may sound like a story out of the movies or motivational books that many people read today, the story of Bom Kim who is the founder of Coupang, a $9 billion electronic commerce company has been inspiring through an through. Coupang has been described by many to be South Korea’s “Amazon”, an appellation that hasn’t been accorded to any other company; at least not yet. Coupang has been one of those companies that have had a history of disruption and reinvention which has helped make it...

If you are an Android user, you probably have been dealing with a lot of pre-cautious measures aimed at protecting your phone from viruses and bugs. However, there is new trouble in the house – and it won’t erase your contact list. Even worse. It will erase your bank account (or, should we say, erase the money you have). If you have a fully patched Android phone, be warned. Researchers from security firm Promon reported in a post that there is a vulnerability that enables hostile apps to...

In what seems like an about-face, global banking custodian State Street has drastically cut down its Decentralized Ledger Technologies team, as sources indicate. Rather than focus on building a complete DLT ecosystem from scratch which hitherto before now had been the strategy that State Street pursued, the custodian has decided to focus on digital assets which include tokenized stocks and bonds as well cryptocurrencies. Such an approach is to be applied instead of a bottom-up strategy which...

ADA price started a fresh decline after it failed to surpass the $0.0420 resistance against the US Dollar.The price is currently declining and trading below the $0.0400 support area.There is a descending channel forming with resistance near $0.0375 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate losses below the $0.0355 and $0.0350 support levels in the near term.Cardano price is following a downtrend against the US Dollar and bitcoin. ADA price could continue to...

Bitcoin price is declining and it is now trading well below $7,500 against the US Dollar.The price is likely to extend its decline towards the $7,040 support area.There is a contracting triangle forming with resistance near $7,280 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could bounce back unless there is no daily close below $7,040 and $7,000.Bitcoin price is showing bearish signs below $7,300 against the US Dollar. BTC is under pressure, but it might hold...

Recently, Live Bitcoin News published a story regarding Virgil Griffith, a man who last April, traveled to North Korea despite U.S. regulatory scrutiny to deliver a blockchain seminar.Griffith Has a Few DefendersDuring the lecture, it is believed that Griffith may have provided cryptocurrency knowledge to listeners regarding how they could potentially utilize both cryptocurrency and blockchain technology to override U.S. sanctions. This didn’t sit well with the American government, and...