Analysts from JPMorgan have suggested that Bakkt is largely the reason why Bitcoin price fell below $8,000 last week. Even though activity has picked up a bit, the market is still a little discouraged.
Because the Nasdaq is more concerned with U.S. investors, the index has commenced efforts to reduce the number of IPOs it hosts from small Chinese companies. Nasdaq is now very reluctant with approvals and support for these firms.
The IDO for its native SDX security tokens will take place next year in mid-2020 and the issuance of tokens will happen on an enterprise-grade blockchain built using R3’s Corda technology.
Google is coming under congressional scrutiny due to its plans to include increased security for Domain Name Servers (DNS) in its popular Chrome browser.
Despite sales falling for the ninth consecutive quarter in Q2 2019, Huawei still managed to take a record 38.2 percent of the market. So, despite the gathering storm clouds on the international horizon, it’s still fair skies in China.
Trump is considering delisting Chinese companies from US stock exchanges. The move would come as part of a broader effort to limit US investment in Chinese companies and partly motivated by security concerns.
China’s fintech stocks are starting to soar ahead of the expected launch if its CBDC. This is driven by the possibility that the digital currency will provide a need for security and payment services.
Peloton’s first day on the stock market was disappointing, to say the least, and it ended as the third-worst IPO performer. PTON stock kept on sliding throughout the day, ending on a much worse note than it started.
Leading mobile market data firm AppAnnie acquires mobile analytics firm Libring amidst a rebranding effort making it become the world’s leading Mobile data analytics firm with offering an all-in-one platform for both publishers and corporate organizations.
Flexa a payment wallet system running of Winklevoss-backed Gemini cryptocurrency exchange is participating in a demo retail store featuring the latest technological innovation. The store was created by top management firm McKinsey.
Uber announced 25+ changes to its platform on Thursday. Most significant moves include merging its ride-hailing app and food-delivery app Uber Eats, and offering users alternative travel information including bikes, scooters, public transportation, and even helicopters.
Now that Neumann is gone, the SoftBank Group which is WeWork’s largest investor, is considering pumping a lot more money into the troubled startup. The deal, if completed will give SoftBank more control of the company.
Reports show some evidence, though not conclusive, that institutional investors may have played a role in the recent Bitcoin price drop with many expecting it to test the $7,500 support before recovering.
The Peloton interactive workout company has announced a share price of $29 each, for its IPO. The company has recorded consistent losses and it is generally hoped that this IPO would change things considerably.
The Stock Market has responded positively to Trump’s hint at a possible resolution to the trade war with China. There were modest gains which seem to be unaffected by the current impeachment proceedings against Trump.