News > FinTech

Nearing a Highly Anticipated IPO, Uber Reports Nearly $1B in Losses For Q3
Uber self-reported nearly $1 billion in losses for the third quarter - as well as slowing growth - which will no doubt be heavily scrutinized as the ride-hailing company prepares for its heavily anticipated initial public offering in 2019. Uber's losses increased 32 percent quarter over quarter to $939 million on a pro forma basis. However, the company was anticipating
Two School Principals in China Were Busted For Mining Ethereum at Work
There's a lot of rules you could be caught breaking at school that will get you into trouble: Passing notes in class, sleeping during class, fighting, cheating on a test, smoking a cigarette in the bathroom, etc. But mining cryptocurrency on a middle school campus has got to be the most 2018 version of breaking school rules that could happen.
Winklevoss Twins Sue Former CEO of BitInstant Over Alleged Bitcoin Theft
Tyler and Cameron Winklevoss have sued Charles Shrem, the former chief executive of BitInstant, claiming that he used part of their 2012 investment to enrich himself, as the New York Times reports. The Winklevoss twins made a $750,000 investment in BitInstant in 2012 - the company was "one of the first prominent Bitcoin businesses in the United States," the Times
The Future of Cryptocurrency: A Chat With Elixxir CEO David Chaum
In the 10 years since "Satoshi Nakamoto" developed bitcoin and created the first blockchain database, companies like Elixxir have further revolutionized and specialized the digital currency's capabilities. With a focus on speed and security, Elixxir has enabled the processing of hundreds of thousands of transactions each second through the convenience of a smartphone app. The Founder CEO and founder, David
Hedge Funds Go All-In on Cryptocurrencies
With roughly two months left in the year - and an eleventh hour rally highly unlikely - it's probably safe to write off 2018 as a terrible year for cryptocurrencies. After soaring to record highs in 2017, the crypto market's losses this year are now reportedly worse than the dot-com crash, with Bloomberg even comparing Bitcoin's struggles to one of
How Women Who Code is Making Sure Women Aren’t Pushed Out of Tech Jobs
You would think that holding both undergraduate and master’s degrees from Stanford (the latter in computer science) would make finding a job in tech a cinch. Facebook, Google, and the like are willing to pay top dollar for these candidates, even at the internship level. Not so for Kate Heddleston. Heddleston is currently an engineering manager at Shift Technologies, a
Chart: 11 of the Biggest ICO ROIs of 2018
While 2018 has not exactly been a stellar year for cryptocurrencies - especially when compared to the record-setting highs of 2017 - there are still opportunities to be had in the digital coin space. Buy low, sell high isn't just smart advice for traditional finance, after all. With that in mind, here are the 11 biggest return on investments from
Pro Tip: Don't Falsely Claim Your Custodian is 'SEC-Qualified' For Crypto Transactions
When you consider the biggest no-no's that you could do as a financial services company trying to promote your product or service, you'd have to think that falsely making claims of endorsement from the Securities and Exchange Commission has got to be pretty high up there. This is especially true when you're promoting anything having to do with cryptocurrencies. Such
Coinbase is Now Valued at $8 Billion After Latest Fundraising Round
As expected, Coinbase has now reached an $8 billion valuation after wrapping up a $300-million Series E round, the company announced in a blog post on Tuesday. Asiff Hirji, president and COO of Coinbase, said in the blog post that the round was led by Tiger Global Management, with other funding provided by Y Combinator Continuity, Wellington Management, Andreessen Horowitz,
Big Tech on Path to Disrupt Traditional Financial Services Firms, Says Moody’s, WEF
FinTech
The “Amazon effect” isn’t only about technical superiority disrupting retail stores. Increasingly, big tech firms such as Facebook, Apple and Alphabet (Google) are poised to disrupt and potentially displace incumbent asset management and financial services firms, particularly as passive forms of investing gains popularity. Several reports point out that the market changes, impacting brokerage firms, asset managers, banks, and insurance