News > FinTech

Uber and Waymo Settle Technology Lawsuit With a $245M Agreement
Uber Technologies has agreed to a surprise settlement over a lawsuit filed against it by Alphabet Inc.'s Waymo, which accused Uber of stealing its self-driving trade secrets. The settlement, which came on the fourth day of the trial between the two companies, includes an agreement by Uber not use Waymo's technology in its self-driving cars. Uber will also give Waymo
A New App Aims to Take the Guesswork and Anxiety Out of Trading
To the novice trader or even some experienced investors, the biggest hurdle in the path of maintaining a trading career is generally the lack of clear or consistent guidance or means of stock discovery. Broker services like robo advisors and charting, analytics or research platforms are a huge boon for traders who know how to read the charts and key
HK Lawmakers Urge Government to Regulate Bitcoin, Follow 'International Trend'
FinTech
Hong Kong lawmakers are reportedly calling on the government to tightly regulate cryptocurrencies. Why? Partly because its unregulated, partly because of the potential losses, and partly because its…trendy to do so? SCMP: “Bitcoin and many digital currencies are not regulated,” said Christopher Cheung Wah-fung, a Hong Kong legislator for the financial services sector. “They are not regulated by the government
At Senate Hearing on Cryptocurrency, SEC Chairman Hints at the Need For New Legislation
At a Senate committee hearing on cryptocurrencies, Securities and Exchange Commission Chairman Jay Clayton indicated that the agency could seek new legislation to help enforce oversight of the of the crypto space, including initial coin offerings. Clayton, joined by J. Christopher Giancarlo, chairman of the U.S. Commodity Futures Trading Commission (CFTC) at an open session of the Senate's Committee on
Fintech Startup YBEX Plants a Flag in Korea
FinTech
After making serious inroads in its native Hong Kong, fintech startup YBEX has finally launched overseas. According to a press release, the foreign exchange platform operator has recently opened currency exchange services in Seoul, South Korea. This is the startup’s first overseas expansion, and it hopes that the move will both broaden its user base and bring more convenience to
There is No End in Sight to Bitcoin's Decline
Bitcoin continued its decline for a fifth straight day on Monday as investors ramped up their selloff of digital coins, dropping below $7,000 by midday trading in New York, according to data from CoinDesk. Bitcoin's crash has now wiped out more than 60 percent of its value since it hit a record $19,511 in December, as Bloomberg notes. The coin's
Gene Munster Breaks Down Alphabet's Overlooked Businesses
Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported fourth quarter results that included an earnings miss and a revenue beat. The quarter is notable because it included a lot of commentary on Alphabet's lesser known and discussed business units, according to former Wall Street analyst turned venture capitalist Gene Munster. Artificial Intelligence Google's head Sundar Pichai continues to convey the message
There is Now Growing Concern That the Price of Bitcoin is Being Artificially Manipulated
Bitcoin briefly plunged below $8,000 on Friday for the first time since November, as the 2018 slump for cryptocurrencies continued, leading economist Nouriel "Dr. Doom" Roubini to call it the “biggest bubble in human history,” according to Bloomberg. But while Roubini tells Bloomberg Television that the "mother of all bubbles" is now crashing, some investors are worried about something else
The Companies Behind the Chips That Power Cryptocurrency Mining
FinTech
Cryptocurrencies have spawned several cottage industries, and one is the manufacture of chips for cryptocurrency mining. Cryptocurrency is a form of digital money meant to be used as a medium of exchange, and it uses cryptography to secure and verify transactions, as well as to control the creation of new units of a cryptocurrency. Mining Explained Mining is a decentralized
Facebook Bans Ads Promoting Cryptocurrencies and ICOs
Facebook announced this week that it has banned advertisements that "promote financial products and services that are frequently associated with misleading or deceptive promotional practices," including ads for initial coin offerings and cryptocurrencies. Having faced significant criticism for its role in the alleged meddling of the 2016 U.S. election by allowing thousands of Russian-backed ads on its platform, Facebook appears