Tag Archives: News

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,...

Billionaire Ted Leonsis has made a real name for himself when it comes to sports and gambling. Recently, the mogul took a case to the Supreme Court that resulted in the U.S. relaxing some of its gambling laws. This led to less money flowing into illegal operations and more into legitimate gambling platforms.Leonsis: Confused About Crypto?No doubt Leonsis has done wonders for the gambling sector, but he seems to suffer from a viewpoint that many in his position are unable to shake. As we all...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.The buyers managed to demonstrate a good bounce upwards. Currently, such assets as the Bitcoin or Bitcoin Cash promise interesting growth. While on the BCH/USD chart there seems to be a reversal Head and Shoulders pattern forming, hinting on further growth, the Bitcoin is yet preparing for leaving the borders of the channel and go on rising confidently.Unfortunately, the Ethereum, Litecoin, and EOS remain under pressure....

In what seems like a match made in heaven retail giant Walmart and financial services company Green Dot have both decided to extend their partnership beyond the Walmart MoneyCard Program and to build an accelerator that will enable fintech startups to thrive.The retail giant disclosed this yesterday and indicated that the focus of the accelerator would be towards retail products that would in their own words “sit at the intersection of retail…shopping and consumer financial services,”.The...

The cryptocurrency sector is largely an exciting one and there are always new events every day, which shows that there are growth and development being recorded. While crypto adoption is improving, there is a lot more focus on increasing the use cases for Bitcoin (BTC) than most of the others. However now, stablecoins including DAI and Tether’s USDT, are starting to game some traction with traditional institutions for everyday use cases.DAI AdoptionAccording to reports, the DAI stablecoin can...

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....

eToro, one of the world’s most popular trade and investment platforms, has unveiled a new feature that is now available to customers in the U.S. and is called CopyTrading. The new feature was created to make trade and investment decisions very easy or even completely remove the need to make them. CopyTrading allows eToro’s customers to mimic investments moves made by some of the most popular and most trusted traders with this mimicry done automatically without any active moves from the...