Finance industry

Google’s New Phone, Is London Falling, and Other October News

Finance industry

Google has announced its newest mobile device, the Pixel 4. With it comes a variety of new and innovative advancements for its users. Take the phone’s Motion Sense, which allows users to swipe or wave their hand for certain tasks. Then there is the phone’s Recorder app which records and transcribes audio into text. It…

Want to Open Your Own Crypto Exchange? Now You Can…

Finance industry

Two of the world’s largest payment processors are teaming up for p2p payments. VISA and MoneyGram partnered on VISA Direct, a peer-to-peer money transfer option for US customers to send money domestically via the MoneyGram app. MoneyGram Chairman and CEO Alex Holmes noted how the company’ partnership with VISA will provide its customers an even…

Apple Says No and Other Cryptocurrency News

Finance industry

Any speculation about an Apple cryptocurrency has now been put to rest. The company’s CEO Tim Cook said in an interview that currency is not something that Apple, or any other private company, should be dabbling in as it puts too much power in the hands of companies instead of governments. Cook sees no reason…

Trouble in the Middle East, Amazon Skirts Taxes, and the EU Cracks Down on Consumer Privacy

Finance industry

Saudi Arabia was hit by attacks on its oil fields, ratcheting up tensions in the Middle East. The attacks used twenty-five drones and cruise missiles to target two oil fields in Saudi Arabia in an attempt to cripple the country’s oil production, the largest in the world. It is unclear who carried out the attacks….

EU Economic and Political Turmoil Highlight the Beginning of September

Finance industry

With a regional economy in disarray, the European Central Bank (ECB) has taken measures to jumpstart commerce in the region. The ECB announced it will purchase €20 billion per month of net assets for the foreseeable future. This quantitative easing will also include a cost of its main deposit rate to a record low of…

Blockchain Technology Pushes P2P Industry Forward in August

Finance industry

P2P Bitcoin trading has existed since the cryptocurrency came into existence over a decade ago. However, thanks to Bitcoin exchange Hodl Hodl, it just became even easier to make P2P Bitcoin trades in China. The company previously ran into roadblocks while it was using Google’s reCAPTCHA service which helped to detect bots, but was also…

Political unrest in Hong Kong edges the economy toward recession

Finance industry

The relationship between Hong Kong and mainland China has always been tenuous to say the least. This tension has come to a head in 2019, with massive protests across Hong Kong causing political and social unrest in the country. The situation in Hong Kong is complex, but could it also lead to the country’s next…

China and Telegram Move Closer to Crypto, but Markets Faltered in August

Finance industry

August wasn’t good to the cryptocurrency market. Industry leaders such as Bitcoin, Ether, and Ripple all saw their prices fall substantially on the month. In fact, 87 of the top 100 cryptocurrencies saw their price decline over the month. It’s anyone’s guess as to where prices will go from here: “There are a lot of…

August Inches Toward a No-Deal Brexit and German Recession

Finance industry

Europe’s fears of a German recession may not be unfounded. The country’s GDP shrank by 0.1% in the second quarter of 2019, fueled by a slowdown in Chinese imports and domestic industrial issues. This is in contrast to the 0.2% GDP growth across the Eurozone bloc of nations. It’s possible this news could lead to…

P2P boat rentals and crypto lending get boosts, a major roadblock in India, & more

Finance industry

The cryptocurrency peer-to-peer market continues to grow. In August, P2P crypto lender BlockFi raised $18 million in its most recent Series A funding round as it continues to build its business. The round was led by Valar Ventures, a fund headed by PayPal co-founder Peter Thiel. Representatives from both BlockFi and Valar are excited at…