Finance and Business News

Finance and Business News: Latest Updates and Analysis

Stay up-to-date on the latest financial and business developments with our Finance and Business News category. We cover the most popular news related to traditional finance, cryptocurrency, and blockchain technology, as well as insights into global markets, corporate earnings, and business trends. Our comprehensive coverage features analysis, expert opinions, and real-time updates to help you stay informed and make informed investment decisions. From the latest regulatory changes to the impact of global events on financial markets, our Finance and Business News category provides you with the information you need to succeed in the fast-paced world of finance and business.

When it comes to handling your money, it can be easy to give too much attention to the present and fail to plan for the future. Planning for your financial future can require discipline and sacrifice but can pay off in the long run. If you want to maintain healthy finances and prep for the […]

FinTech and neobanks are prone to adopting the most innovative technologies, such as cloud computing and blockchain technology. Technology has been able to penetrate pretty much every industry in the global economy. The optimization and streamlining feature that the concept has can’t possibly be overstated, and while incumbent traditional organizations still control a large portion […]

A group of ex-Morgan Stanley core developers announced the launch of Crypto Exchange Phemex, a ‘high-speed’ crypto derivatives platform for the retail and institutional investors. As the crypto markets continue to move on a roller coaster, it seems like adoption is growing steadily. A group of eight former Morgan Stanley core developers announced the launch […]

Student loan and lending services provider SoFi has secured a New York virtual currency license, the state’s financial regulator announced Tuesday. The New York Department of Financial Services said in a press release that it approved Student Lending SoFi Digital Assets, a wholly-owned subsidiary of SoFi, granting it a money transmission license as well as […]

Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI). According to a press release on Dec. 3, the currency is part of a broader initiative to grow the local fintech sector and will be presented during the BVI Digital Economy symposium. The British […]

Nordea Bank has the right to prevent its employees from investing in Bitcoin (BTC) and other cryptocurrencies, a Danish court ruled as well as limiting transactions to online bank like Revolut. The bank will have the right to issue guidelines on owning and trading crypto, even during time off work. Bitcoin is Risky and Hurts […]

China is moving towards a blockchain-based future, a technology it sees as the key to global dominance. President Xi Jinping’s endorsement of the technology has only accelerated the plans of many platforms who wish to take advantage of the Chinese market. According to the latest development, cryptocurrency and blockchain firm, OK Group, OKCoin invest $140M […]

Having established itself as the world’s leading cryptocurrency trading exchange in terms of transaction volume and client base, Binance has added another achievement to its credit, Binance Acquires DappReview. The globally reputed trading platform has acquired Beijing-based blockchain-driven decentralized applications supporting platform, DappReview. According to the statement given by Viktor Radchenko, founder at Binance’s Trust […]

Digitex Futures has launched the public beta for its platform today. Traders are now able to test the futures exchange with its promised zero-commission trading on BTC/USD perpetual swaps. Digitex positions itself as a retail-driven futures exchange, not unlike BitMEX. Its most significant distinction is the DGTX token, which allows zero-fee trading to take place. […]

Galaxy Digital, the cryptocurrency investment bank helmed by Mike Novogratz, pocketed $58.4 million in net income in the first three quarters of 2019, a 133% jump from the same period last year. In a Q3 Financial report, the firm disclosed that it hit a net loss of $68.2 million in Q3, despite the overall gain […]

Huobi Russia, a Moscow-based franchise of the Singapore-based crypto exchange, has launched Russian ruble deposits and will soon have its own exchange token launchpad. Starting Thursday, users of Huobi Russia have an option to deposit Russian rubles on their balances via bank transfers, the exchange announced Thursday at an event in Moscow. The deposits will […]

Cryptocurrencies might finally go hand in hand with traditional money services. Starting from 2020, it might be legal for German banks to sell cryptocurrencies like Bitcoin and provide custody solutions, local media reports. Germany and German Banks Welcomes Cryptos with Open Arms Currently, financial institutions operating in Germany are not allowed to directly sell cryptocurrencies […]

Many crypto enthusiasts hope to see financial institutions embrace this new form of money sooner or later. It now appears Fidelity Investments has done so, at least where its employees are concerned. It is rather uncommon for a financial service provider to openly embrace the concept of cryptocurrencies. A Bold Venture by Fidelity Investments In […]

Robinhood Crypto Exchange has had an about-turn on its plans to become a bank. Commission-free stock and cryptocurrency trading pioneer withdrew its application with the Office of the Comptroller of the Currency yesterday. Robinhood Crypto Exchange Pulls Bank Charter Application Valued at a staggering $7.6 billion, Robinhood ushered in a new era shaking up the […]

Bram Cohen, the BitTorrent creator, recently spoke out against Ethereum in a 28-post tweetstorm outlining his concerns about the project’s viability. The crypto community is no stranger to drama, and a new one is seemingly unfolding right now. Recently, Ethereum’s co-founder, Vitalik Buterin, shared a text under the title of ‘Hard Problems in Cryptocurrency: Five […]

Discount brokerage TD Ameritrade is all set to be acquired by Charles Schwab in an all-stock deal worth $26 billion, according to an agreement Ameritrade stockholders will get 1.0837 worth of Schwab stock for each of their shares. It reflects a 17% premium over the Ameritrade stock’s 30-day average before the announcement. Reports suggest that […]

A recent rally of technology companies’ shares led to an overall increase in US stock prices, which are hitting new records. Could this bullish activity be the cause of today’s Crypto Markets Surging? US and China willing to continue with the talks The US/China trade war still rages on, but recent events have had some […]

The European Commission and European Investment Fund (EIF) has launched a new investment scheme for artificial intelligence (AI) and blockchain in Europe, the organization announced in a Nov. 20 blog post. The announcement reads: “With the European Commission, we are launching a dedicated investment scheme that will make EUR 100m available to venture capital funds […]

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July 25, 2024

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