Investing in cryptocurrency can be as easy as a few taps on your phone, and with crypto all over the news and coming up in conversations with friends, it’s tempting to dive right in. However, depending on your financial situation and appetite for investing risk, crypto might not be an appropriate investment for you right […]
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Twitter co-founder and CEO Jack Dorsey, took to his personal account to tweet a cryptic message about Bitcoin, suggesting that the cryptocurrency will be behind the unity of the country, and eventually the world itself. Vagueness shrouds Dorsey’s optimism about Bitcoin’s power leaving many of his followers bewildered of his stance. However, it doesn’t take two to figure out that the country in […]
Special-purpose acquisition company Athena Acquisition Corp. announced on Wednesday, alongside technology service provider Pico, definitive merger plans amounting to $1.75 billion. Pico Quantitative Trading – solutions provider to the financial market community – agrees to a merger with blank-check company Athena Acquisition, led by former The Bancorp CEO Betsy Cohen. The deal is set to […]
Bitcoin’s price surged again Monday after speculation that Amazon may be entering the cryptocurrency sector after it posted a job seeking a “digital currency and blockchain product lead.” Bitcoin jumped more than 14% in the past 24 hours, nearly reaching $40,000 per unit before settling closer to $37,000. The five-week intra-day high reached Monday comes […]
The pandemic has placed a spotlight on all things seamless; from restaurant menus, hotel check-ins, and even trickling down to FinTech and digital banking services. This focus has accelerated coming of a digital economy that looks to harness the technological advancements that the world has witnessed since the start of the COVID-19 health crisis, which […]
With the help of a fundraising initiative by SoftBank and Tiger Global Management, Revolut is now valued at $33 billion. The London-based digital banking startup has officially been labeled as the UK’s most valuable private fintech unicorn. The fundraiser raised $800 million, which will be used to develop new products and stretch out its operations in international markets such as the United States and India. Founded in 2015, […]
At this point, the idea of Elon Musk easily playing with the crypto market through social media is reoccurring, as the Tesla Chief strikes once again with another tweet that swung the market in the favor of Dogecoin. Leave it to the “Dogefather” himself to lift the meme-coin from its slump. After witnessing a steady […]
Mexico’s central bank on Monday swatted down the cryptocurrency enthusiasm expressed over the weekend by one of the country’s leading bankers. Ricardo Salinas Pliego, a magnate with large operations in retail, banking and television who has been seen as President Andrés Manuel López Obrador’s closest business ally, wrote in his social media accounts Sunday that […]
El Salvador’s president says use of the cryptocurrency Bitcoin will not be mandatory, but the country is planning to give out starter accounts with $30 to promote its use. Finance Minister Alejandro Zelaya said Thursday the government will allocate $120 million to establish as many as 4 million starter Bitcoin accounts, or “wallets,” though he […]
After El Salvador’s congress made the bitcoin legal tender this week, eyes turned to this rural fishing village on the Pacific coast. Known to surfers for its pounding waves, El Zonte has had the cryptocurrency in its economy for the past year. Some 500 fishing and farming families use bitcoin to buy groceries and pay […]