News list for "Technology company"
Robinhood, a US fintech company, is launching its US stock options trading service to UK customers and plans to expand further to tax-free accounts (ISAs) in the UK in the coming period. Jordan Sinclair, president of Robinhood UK, said customers have been clamouring for options trading since the company launched its service in the UK last year. He pointed out that options contracts that customers can trade include NVIDIA, Tesla stock options and S & P 500 index options. These transactions are st...
On February 10, Foreign Ministry Spokesperson Guo Jiakun chaired a regular press conference. Bloomberg reporter asked, according to the Wall Street Journal, China is drawing up a list of US technology companies that will face antitrust investigations. What is the spokesperson's comment on this? Guo Jiakun said that he is not aware of the specific situation you mentioned. China always opposes the practice of generalizing the concept of national security and politicizing economic, trade and techno...
The US FTC (FTC) has released a study on partnerships between big tech companies and the artificial intelligence (AI) industry. The FTC examined the partnerships between big tech companies and AI companies, and the report said the Microsoft-OpenAI partnership raised antitrust concerns. The FTC has already questioned major tech AI investments in 2024.
Revolut, a British fintech company, has announced that it has become the first bank data publisher to join the multi-chain Pyth network. Revolut brings its digital asset quote and transaction data Transmission Service to Pyth's price oracle, enabling decentralized finance (DeFi) developers to apply real-time market data to decentralized applications (dApps). Revolut said the partnership will drive financial modernization, providing users and developers with accurate real-time data, while enablin...
On January 8, Raafi Hossain, co-founder and CEO of Fasset, a Middle Eastern fintech company that is interested in entering the stablecoin space, introduced several examples of customers using stablecoins, including the sale of a Dubai property worth $8 million, Tanzanian buyers buying Indonesian-made cooking oil, renting Palm Jumeirah villas and private yachts for $100,000 rent. Fasset is a Dubai-based "super app" that focuses on...
Galaxy Ventures predicts a surge in crypto M & A activity in 2025 as fintech, banking, and tech companies return to the crypto space. Will Nuelle, general partner at Galaxy Ventures, said stablecoins and payments have actually impacted the real fintech business, so we expect M & A to mostly happen there. Will Nuelle also expects initial public offering (IPO) activity to resume as U.S. regulatory transparency improves, creating more opportunities for cryptocurrency companies to enter the public m...
Canadian fintech company Nuvei has launched a payment settlement service using stablecoins for merchants in Latin America. Interoperability platform Rain, digital custodian BitGo and credit card issuer Visa are partners in its blockchain-based solution. Latin American merchants participating in the Nuvei solution will be able to use physical or virtual Visa cards to pay in stablecoins through digital wallets. BitGo will provide custody of digital assets. This service will be available anywhere V...
According to Bitcoin.com, Spanish real estate technology company Enlace has revealed that the number of real estate transactions using some form of cryptocurrency as a means of payment has increased significantly this year. The company found that the use of these payment methods increased by 15% in 2024 due to the advantages of quick access to funds compared to traditional home purchase methods and more economical compared to international bank transfers. This trend is particularly evident in ma...
Siam Commercial Bank (SCB), whose new stablecoin service was tested through the Bank of Thailand's regulatory sandbox, recently said it would start offering customers a stablecoin cross-border transfer and money transfer service in partnership with Lightnet, a fintech company. The service will allow customers to send or receive cross-border transactions 24 hours a day, 7 days a week, while reducing transaction costs.
On October 13, Australian energy technology company Powerledger announced the completion of the integration with the Solana mainnet. This integration makes its POWR token available on Ethereum and Solana. There is no change in the total token supply. POWR will continue to serve as a payment token for Ethereum and Solana platform services, incentivizing green behaviors such as offsetting carbon emissions and reducing energy consumption.
Fintech firm Revolut Ltd. is spinning off its €8.50 billion ($9.50 billion) wealth management product into a standalone app, seeking to compete with the likes of Robinhood and eToro for a bigger share of the retail investor market, Bloomberg reported. The app, called Revolut Invest, will be available in...
Hong Kong-based virtual bank WeLab has announced that it has formed a consortium with Thai fintech company Lighthub Asset, and has submitted an application for a digital banking license to the Central Bank of Thailand. The results of the application are expected to be announced in the first half of 2025. It is reported that Lightnet Group has obtained licenses from the Bank of Thailand and four other Asian and European central banks. It uses artificial intelligence and blockchain technology to p...
Canaan Technologies, Inc. today announced its unaudited financial results for the three months ended June 30, 2024. Revenue for the second quarter of 2024 was $71.9 million, exceeding the previous estimate of $70 million and up 104.8% from the previous quarter. Total hashrate sold was 6.2 million Thash/s, up 83.9% from the previous quarter. Operating loss was $46.6 million, down 60.9% from the same period last year and 31.5% from the previous quarter. As of June 30, 2024, the company's cryptocur...
Byun Young-oh, CEO of South Korean tech company Wacon, has been arrested on suspicion of planning an ETH-related cryptocurrency scam. The Seoul Central District Prosecutors' Office will indict Byun and another suspect, Yeom, for fraud. The MainEthernet wallet service operated by Wacon will not be able to withdraw cash normally in the summer of 2023. When Byun met with investors last November, it said it would refund the money to investors, saying "it will take only four months to resolve all iss...
Japanese startup Digital Asset Markets has teamed up with South Korean tech company Creder to issue Zipang Coin (ZPG), a crypto token pegged to the price of gold. Creder is said to offer digital asset trading services and work on the overseas expansion of virtual currencies backed by physical assets such as ZPG. (nikkei)
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