Asia Stocks Sinks Amid China Risks; Oil Extends Gain

By Brian Stanley September 16, 2021

Stocks

On Thursday, the financial problem at China Evergrande Group and Beijing’s latest effort to push private businesses weighed down upon Asian markets. The price of crude oil was at a six-week high. In Japan, China, and Hong Kong, equities fell again, with technology firms leading the way. Continue Reading

Stocks

Stocks on Wall Street Drops for Three Consecutive Days

By Brian Stanley May 13, 2021

The financial industry on the east is flourishing, while the west continues its struggle. Wednesday, Mar 12, witnessed stocks on Wall Street dropping for the third consecutive day. News regarding consumer prices raised every investor’s concern about impending inflation. If the data checks out, every effort by the Federal Reserve to minimize interest rates will […]Continue Reading

Opinion & Analysis

Bitcoin Reconciles to Trade Above $35k; Bearishness Coexists

By Brian Stanley January 18, 2021

Bitcoin price pulls back by over 15% from the recent and new ATH that the coin had hit in the first week of the ongoing month at $42k, while currently corrects downsides and trades at $35.1k. Bitcoin is an ultimatum in the world of traditional finances, and currently, it trades anywhere below $35k at present […]Continue Reading

Forex News

Dollar Steady as Traders Await New Economic Data

By Brian Stanley August 24, 2020

The week has kicked off on a high. Global stocks are on an upswing on the back of traders awaiting new economic data and announcements from the Federal Reserve economic symposium at the Jackson Hole summit this week. Traders have chosen to put the pessimism of the COVID-19 pandemic behind them and instead focus on […]Continue Reading

Trading News

Cryptocurrency Vs. Fiat: Which One Should You Bet Your Money On?

By Brian Stanley March 31, 2020

The debate between cryptocurrency and Fiat currency has just got interesting. Especially in the wake of the coronavirus epidemic, which has literally devastated our overall economic scenario, questions are now put up against the efficacy of the fiat currency to save our global financial system. The highly contagious disease has virtually put a full stop […]Continue Reading

Company News

JCB and Keychain Sign Strategic Agreement to Leverage Blockchain for Payments

By Brian Stanley December 27, 2019

The Japan-based global payment network operator JCB Co., Ltd. and blockchain technology provider, Keychain, today signed a strategic agreement. The companies announced that they are going to collaborate to leverage the power of blockchain in the payments space. Keychain has developed its range of services in the blockchain space considerably and some of its services […]Continue Reading

Company News

Optile Acquired by New York’s Payoneer to Boost Payment Technology

By Brian Stanley December 11, 2019

Payoneer, one of the leading cross-border payment services providers headquartered in New York, has acquired Optile, an open platform of payment orchestration based in Germany’s Munich. The move was announced yesterday on December 10, 2019, through a press release. However, the terms of the acquisition have not been revealed. Payoneer also took to the micro-blogging […]Continue Reading

News

Uncontrolled South African Airways (SAA) Exit will Affect Economic Growth

By Brian Stanley December 6, 2019

According to the Airlines Association of South Africa (AASA), there will be a negative impact on economic growth due to an uncontrolled South African national carrier SAA exit. Recently, the board of directors of South African Airways talked with the shareholder of government. The board declared that the issue would be resolved if the company […]Continue Reading

Company News

Avanci Marketplace Signs Patent License Agreement With Volvo Cars

By Brian Stanley December 3, 2019

Avanci has signed a patent license agreement with Volvo Cars. Avanci is an online marketplace that connects wireless technology patent owners with companies developing products and systems based on the Internet of Things (IoT) that are looking for new wireless technologies. Volvo Cars become the 14th auto brand to sign with Avanci. This agreement gives […]Continue Reading

News

Bill in Germany Calls for Allowing Banks to Store Cryptocurrency From 2020

By Brian Stanley November 29, 2019

A new bill proposed in the German Parliament has provisions to allow customers to store their Bitcoin other cryptocurrencies in German banks from 2020. The bill will allow banks to treat cryptocurrency, just like any other traditional asset. Also, banks will enable transactions in cryptocurrency on their online banking platforms. The adoption of cryptocurrency has […]Continue Reading