Broadridge Financial Solutions plans to offer post-trade services for cryptocurrency after acquiring fintech company Shadow Financial Systems. The company invested in blockchain projects, but the Shadow deal will be its foray into cryptocurrency.
If current manufacturing data is anything to go by, the United States is uncomfortably close to a recession. The problems the U.S. currently has with China is on top of the list of causative factors.
Tesla is acquiring AI startup DeepScale. Forrest Iandola, DeepScale’s CEO, said on LinkedIn that he joined Tesla’s Autopilot team, which has lost many executives and engineers to companies like Nvidia, GM Cruise, Google, Lyft, and more.
Mark Zuckerberg said that if the Democratic Presidential candidate Elizabeth Warren was to come to power, and pursue her agenda of breaking the Big Tech companies, Facebook won’t step back from fighting the U.S. government in the court.
A Fintech as a service Rapyd network, that allows consumers and businesses to transact however they opt for cross-border and local eCommerce transactions, raised a whopping $100M financing round spearheaded by Oak HC/FT together with Stripe.
A challenger bank based in the Netherlands has increased its coverage area to cater to the European Union. Bunq also offers extra services including an affordable Travel Card, on which there are no charges.
The We Company will no longer be going public anytime soon. According to the new CEOs, the decision to postpone its IPO was necessary to solve many of the company’s internal problems. For now, no new date has been set.
Amazon is reportedly looking to allow hundreds of other retailers, use its autonomous Go shopping technology. The company is currently in talks with a few retailers and hopes to begin installation by early next year.
With the mainnet launch, the BTFS peer-to-peer file storage platform inches one step closer to becoming the world’s largest decentralized storage system.
Band Protocol, Sequoia-backed data management company, has launched the mainnet of its decentralized trading app BitSwing. The dapp serves as a brokerage for Ethereum-denominated binary options.
An investor from Canada has sued Overstock along with its ex-CEO and ex-CFO for securities fraud. He says that the company made false statements and manipulated the stock price.
Tencent has agreed to acquire all the shares belonging to the Norway-based KGJ Capital AS, which is currently the largest shareholder in Funcom.
In recent news, Thomas Lee, the co-founder of Fundstrat, tweeted a reminder to all the crypto enthusiasts and traders that the majority of Bitcoin gains come from the rule of 10 best days.
Tesla is trying to deliver a record 100,000 cars during the third quarter, and with only a day left, sources say that Tesla is currently “a few thousand” cars short of the delivery goal.
The acquiring party of premier South Korean Bithumb has failed to live up to its obligations prompting fears that the acquisition worth over $330 Million has gone sour.