Tag Archives: News

Amazon CEO Jeff Bezos, one of the world’s richest man, has been criticized once again for not doing enough with tax payments. The CEO announced a $98.5 million donation to 32 different organizations in an effort to tackle homelessness and also improve the quality of education in low-income communities, as part of his Bezos Day One Fund. Even though Bezos has also been criticized for also not doing enough with philanthropy, this recent donation didn’t do much to calm one of his most outspoken...

As part of a major Strategic Partnership Agreement online travel giant Booking.com has joined hands with crypto-friendly travel platform Travala.com. The official announcement came from Travala on Monday, November 25.Over the last two years, Travala has expanded its services by allowing its users to pay for their hotel bookings in cryptocurrency. Besides, the announcement says that Travala has already integrated Booking.com’s accommodation to its platform. With this major collaboration,...

MiddleGame Ventures (MGV) that is a fintech-focused investment company announced on Monday that it had managed to raise assets for the new fund aimed at providing support to startups in Europe and North America.As per the announcement, MGV’s Venture Fund I reached its first close with the last target size attaining $165 million.The fund is going to enter into partnerships with both B2B and B2B2C startups and, of course, it will invest in them. The main goal is to get the transformation of...

Shares of Chinese e-commerce giant Alibaba saw a great launch in Hong Kong on Tuesday, after pricing its shares at 176 Hong Kong dollars (approx. $22.5) apiece. This is the biggest listing this year so far, larger than the approximately $8 billion raised by Uber in May. This also came as an excellent boost for the Hong Kong market which had problems since the pro-democracy protests escalated in recent weeks. Alibaba trades under the stock code 9988 in Hong Kong. Nine and eight are considered...

Fintech startup Ualá which is a finance app that helps people with all things financial has just finished its Series C funding to the tune of $150 million. This round was led by Tencent and Softbank’s Innovation Fund which has as its specific aim the Mercursour region. The app functions very much like Monzo, Nubank and Revolut but this time the focus of this app is on the Argentine market without the trappings and requirements of financial institutions and regulations. With its CEO Pierpaolo...

The latest reports have revealed that the Bank of New York Mellon has officially joined the Marco Polo trade finance consortium. This consortium is known to run on R3’s Corda and BNY Mellon has become the 28th bank to join. The bank has been constantly investing in the blockchain space since 2015. As we highlighted previously, the investments have significantly increased in recent months.The $373-billion asset bank is reportedly evaluating Marco Polo’s technology intending to onboard clients...

Financial services company MoneyGram International Inc. announced on Monday that a provider of leading enterprise blockchain solutions for global payments Ripple Labs, completed its final $20 million investment in MoneyGram equity consistent to its primarily $50 million equity investment commitment that the company made earlier this year.The price of share Ripple paid was $4.10 that seems to be pretty much higher than MoneyGram’s current price on the market. As per the announcement, the...

It appears that Apple Inc., the maker of the popular iPhone series has indicated a forecast of more than 100 million sales of its next iPhone (iPhone 12 line). Sources indicate that the Cupertino California giant has been informing its partners within its distribution network and supply chain to expect this amount to come next year. Already though, iPhone 11 and iPhone 11 Pro sales are expected to be in the region of 80 million units though an increase in this amount will definitely indicate...

Reality shows have always given the average person the idea and the chance that anybody can be a star.And while that’s true, not everybody is fortunate to actually have a smooth road to stardom – some won’t even get to travel down that road. Luck just isn’t on everybody’s side and that’s quite a hard pill to swallow.But one reality show chooses to challenge that status quo. Fight to Fame is an up-and-coming reality show that will help propel the careers of the qualifiers and will also give...

If you are like everyone else on planet earth, you have an aversion to debt. Unfortunately, the average individual has some whether it is a car loan, mortgage or other. Truth be told, not many people can afford to pay for a home, car or college with cash.Undoubtedly, you have an interest in lowering your debt as much as possible. If you have recently given this some thought, you have likely come to the realization it’s a lot more difficult to eliminate debt than you would have imagined....