Tag Archives: News

In what has come as a shock to many pundits in investment circles, electronic scooter firm Voi Technology has reportedly raised about $85 Million in another funding round which has included several premier investment partners such as Vostok New Ventures. Previous investors Balderton Capital, Creandum and Raine Ventures were included in this round as well.Although the firm hasn’t reached any profitability overall, it expects to achieve this in the next few years. Fredrik Hjelm, Voi’s...

M-DAQ, a Singapore-based FinTech startup has added a new feather to its cap by receiving backing from Samsung Venture Investment Corporation. The Korean tech giant’s investment wing has recently joined other investors in M-DAQ’s pre-series D round.As per the Bloomberg report, the FinTech startup’s valuation has doubled to S$500 million, post the Samsung backing. Its previous valuations stood at S$250 million in November 2015.However, the exact amount invested by Samsung hasn’t been disclosed...

By pretty much any standard, Craig Wright easily became the most controversial person in crypto over the years. For a long time now, Wright has been at the center of a suit brought against him by the Kleiman estate, representing Dave Kleiman, Wright’s former business partner.Wright has also proclaimed himself as the real Satoshi Nakamoto, creator of Bitcoin, and has even gone ahead to bring legal action against people who have refuted this claim. A few months ago and in his usual fashion,...

Photo: Unsplash2018 was generally not the best year for some of the world’s richest people. Even with all of the effort put in by the mega-rich, the cumulative worth of these billionaires lost more than a pound last year. Regardless, the five years which led up to 2018 is easily commendable as both the total number and wealth all increased. A new report from Swiss multinational investment bank and financial services company UBS Group AG, has shown that there are now 2,101...

In what seems like a preference for institutional investment, Saudi Arabia’s State Oil Company Aramco in its prospectus has indicated offering of less than 1% of the shares on offer to individuals reports show. According to the prospectus, the initial public offering which is expected to begin on November 17 and close on December 4 has specifically indicated that “up to 0.5%” of the shares on offer will be available for purchase by individuals.Furthermore, the number of shares sold and their...

In the People’s Republic of China, there is a newspaper that everyone knows and respects – Xinhua. Founded on 7 November 1931 with headquarters in Beijing, nowadays – it serves as the central spot for press-conferences and information exchanges between the big officials and the society. “Bitcoin: the first Successful Application of Blockchain Technology” – such a message, millions of Chinese people are looking at today. Matthew Graham of Sino Global Capital was the one who set the alert on...

In what seems to be both a conflict-of-interest and also an effort to promote his cryptocurrency, the head of cryptocurrency projects at Facebook David Marcus has given bullish indications as to where Bitcoin is going. He also indicated that Bitcoin doesn’t fit into the cryptocurrency asset class as well giving his bias for the Libra cryptocurrency. David made this known at the recent New York Times DealBook conference last week. He also said that Bitcoin has more qualities as an asset than...

During the Singapore Fintech Festival 2019, the biggest fintech event, Mastercard, an American multinational financial services corporation, has announced the launch of Fintech Express. The initiative will allow fintech companies to get access to a wide range of digital-first products, flexible commercial agreements, and support in global licensing. Mastercard has already welcomed the first member to participate in the program – Rapyd, the world’s largest local payments platform..@Mastercard...

Topmost cryptocurrency expert and co-founder of top cryptocurrency exchange BTCC Bobby Lee made some bullish predictions for Bitcoin in the mid-term to long-term sources indicate. Lee made this known via a couple of tweets which indicated his stance on how the current topmost cryptocurrency will fare within the next eight years.According to Lee, Bitcoin will hit a market capitalization of $8 trillion. With Bitcoin’s market capitalization at just about $160 billion, while that of gold is about...

Stellar lumen price is trading in an uptrend above the $0.0720 support area against the US Dollar.XLM price is currently correcting lower, but it remains well supported near $0.0740.There is a major bullish trend line forming with support near $0.0715 on the 4-hours chart (data feed via Kraken).The pair remains well supported on the downside near the $0.0660 and $0.0650 levels.Stellar lumen price is showing many positive signs against the US Dollar and bitcoin. XLM price could continue to...