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Blockchain spending around the world is expected to grow by 2022. According to a recent report conducted between 2018 and 2019, the United States is expected to increase its Blockchain spending by 280%. Other regions are also expected to spend larger amounts on distributed ledger technology (DLT). Blockchain Spending To Grow Around The World As…
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The People’s Bank of China, otherwise known as the country’s Central Bank, is going in on blockchain to some degree, we’ve learned from documents from the country. Essentially, the regulatory body there is looking to certify all sorts of products that take advantage of the technology among other emerging FinTech. This certification will be aptly named…
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LVMH, owners of Louis Vuitton and Hennesey, has recently reached out to Tiffany & Co. They offered the jewelry firm a whopping $14.5 billion for their acquisition within the conglomerate. People with familiarity over the matter explained that Tiffany has been struggling with financial issues due to the tariffs placed on its China exports. It’s…
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Fintech start up Greensill has landed a $655m investment to launch a new service that will target payday lenders. Japanese conglomerate Softbank has backed the funds for London-based firm, whose main business is to provide small firms working capital finance to run their day-to-day operations, to cover payments due from large corporations. Greensill said today…
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Ford (NYSE: F) stock price slid to the lowest level in the last seven months after reporting third-quarter results. Declining revenues and margins are among the cause of concern for investors. In addition, the company has been losing its market share. Ford stock price is currently trading around $8, up slightly from a 52-weeks low…
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Morgan Stanley managed to overtake rivals such as Citigroup, Deutsche Bank, Goldman Sachs, and Credit Suisse, no leading a $1.45 billion relaunch of an IPO. It’s Hong Kong’s second-largest IPO this year, and an oddly dramatic shuffle of roles on this big deal. Morgan Stanley was approached to this back in August by ESR Cayman…
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Britain’s security service said it blocked more than a million cases of credit card fraud last year. The National Cyber Security Centre (NCSC), a division of spy agency GCHQ, said its operation Haulster stopped debit and credit cards being abused by criminals. The NCSC said it intercepted criminal groups using illegal marketplaces in cyberspace to…
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Nvidia (NASDAQ: NVDA) stock price bounced back sharply after experiencing the bearish trend in the first half. The share price momentum is driven by the trader’s confidence in improving market fundamentals for semiconductor companies. Strengthening market position amid 5G is adding to investor’s sentiments. Nvidia stock price is currently trading slightly below from $200 level….
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AMD (NASDAQ: AMD) stock price looks steady after experiencing noteworthy rally in the first half of this year. However, the analysts are seeing the extension of upside momentum in the coming days. They believe AMD is in a better position to expand its market share compared to Intel (NYSE: INTC) and Nvidia (NASDAQ: NVDA). AMD…
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Stafford Masie, once CEO of Google Africa, has recently claimed at a conference that Bitcoin being viewed in a negative light is just wrong. Masie believes that the asset is a “gift” to humanity and entirely misunderstood, among other misconceptions. The former CEO said this while speaking at a keynote at the SingularityU South Africa…
