Bitcoin BTC and other cryptocurrencies are in the news. NFTās (non-fungible tokens) have exploded onto the scene, with people spending large amounts of money to acquire unique rights to digital images. The explosion of invention and innovation is amazing, isnāt it? Except that it’s all just minor variations of things that were created decades ago,… More
Topline Shares of stock trading app Robinhood tanked roughly 10% late on Thursday after the company reported dismal first quarter earnings which showed that the platform lost over a million users and revenue plummeted 43% from what it was a year ago. Robinhood cofounder and CEO Vlad Tenev. Spencer Platt/Getty Images Key Facts Shares of… More
Technology has been hit or miss when it comes to our money. While fintech apps promise to make managing our money simple, if not even enjoyable, not all of them deliver. I’ve tested hundreds of personal finance apps and tools over the years. Here are 5 of the best money apps Iāve found to manage… More
Topline Shares of popular stock trading app Robinhood rose roughly 5% on Tuesday after the company said it has signed a deal to buy Ziglu, a London-based cryptocurrency trading app, as it looks to lay the groundwork for expanding into the UK and Europe. Robinhood said the deal would āhelp accelerateā its expansion into the… More
To get the digital currency we need, we must get the digital identity that we need. The British Parliamentās House of Lords Economic Affairs Committee recently published its report on a British central bank digital currency (CBDC). The report, which was called “Central Bank Digital Currencies: A Solution in Search of Problem?”, broadly concludes that… More
A visual representation of digital cryptocurrencies, Bitcoin and Litecoin. (Photo by Chesnot/Getty … [+] Images) Getty Images Andy Schmidt, vice president and global industry lead for banking at the global consulting firm CGI, is on a quest to understand what crypto can do for corporations, people making payments, and investors. So far he hasnāt seen… More
Washington DC, USA – October 12, 2018: US United States Securities and Exchange Commission SEC … [+] entrance architecture modern building closeup sign, logo, glass windows getty Long-term investors save for important goals, such as their retirement or their childrenās education, over years or decades. If you are putting a companyās stock in your retirement… More
George Soros AFP via Getty Images George Soros is one of the most celebrated and divisive leaders of the 21st century. Heās a billionaire hedge fund investor, Holocaust survivor, leading philanthropist, financial speculator, boogeyman of the far right, geopolitical counselor, founder of a world-renowned university ā and much more besides. Inspired by reading the recently… More
Cryptocurrency (Bitcoin, Ethereum and the rest) is fueling a crime wave that is without precedent in human history. Computers and networking are the lawless continent on which criminals go wherever they want, going into factories, stores and homes, stealing data in massive amounts to sell and use to enable more crime. That crime continues to… More
KYIV, UKRAINE – FEBRUARY 25: People look at the exterior of a damaged residential block hit by an … [+] early morning missile strike on February 25, 2022 in Kyiv, Ukraine. Yesterday, Russia began a large-scale attack on Ukraine, with Russian troops invading the country from the north, east and south, accompanied by air strikes… More
Forrest Li, cofounder and chairman of Sea Ltd. Wei Leng Tay/Bloomberg The three cofounders of Sea Ltd. saw their collective net worth tumble $1.9 billion on Tuesday after the Southeast Asian internet giant said its online gaming business would likely face headwinds this year. Shares of Sea plunged 13% in U.S. trading, wiping out roughly… More
Verifiable credentials bridge the universe and metaverse (and Britney showed us how.) While it is clearly the case that the world of decentralised finance is home to flagrant criminality, outrageous fraud, tax avoidance, money-laundering and no end of flim-flam, we should lose sight of the fact that a new and valuable infrastructure is emerging and… More
Traditional financial institutions must work hand-in-hand with crypto custodians, sub-custodians and service providers moving forward. Grayscale Investmentsā latest report āReimagining the Future of Financeā defines the digital economy as āthe intersection of technology and finance thatās increasingly defined by digital spaces, experiences, and transactions.āĀ With this in mind, it shouldnāt come as a surprise that many… More
JPMorgan metaverse lounge Source: Decentraland OBSERVATIONS FROM THE FINTECH SNARK TANK Claiming to be the first bank in the metaverse, JPMorgan announced the opening of a āloungeā in Decentraland. Upon entering the loungeāwhich was established by Onyx, the bankās blockchain unitāvisitors are greeted by a digital portrait of Jamie Dimon (which morphs into the image… More
Appleās announcement about turning iPhones into point-of-sale devices is about more than payments. In the relatively unexciting world of point-of-sale (POS) terminals, things are getting interesting. And thatās because the future of payments isnāt really about digital money, itās about digital identity. An idea about payments. Helen Holmes Ā© 2022. As more and more merchants,… More
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