The UK is tightening its regulations on cryptocurrency trading by issuing warnings about cryptocurrency investments being offered by web-based companies. The Financial Conduct Authority (FCA) specifically made mention of Binance, a leading cryptocurrency exchange site. Apparently it has come to […]
Beam Savings App to Shut Down for Good Once Court Issues Official Order
The Federal Trade Commission’s investigation of the mobile savings app Beam, resulted in a settlement that includes the permanent shut down of the latter. While the FTC is still waiting for the official approval of the federal judge who presided […]
Cambridge Study Calls Attention to Electricity Consumed in Bitcoin Mining
The rising number of participants engaged in bitcoin transactions in recent months has drawn attention to the costs of electricity consumed in bitcoin mining. Researchers at the University of Cambridge conducted an analysis of the amount of electricity used by […]
Robinhood: Not Truly a Pro-People Investment App
While many believed Robinhood’s claim of democratizing financial trading for ordinary people, the GameStop scandal had unmasked the fintech’s real motives. After the GameStop trading scandal blew up, Robinhood suspended buying of GameStop and other stocks endorsed by the radical […]
Robinhood Markets – The Trading Platform of the Pandemic Era.
When it became clear that the pandemic will lead to economic hardships, people started paying attention to a fintech innovation known as the Robinhood Markets. Financial experts noted that when health and economic crises started taking place, an increasing number […]
Google Pay : To Offer Deposit Services as Google Partners w/ More Banks
Google Pay the digital wallet launched by Google in Jan. 2018, will be expanding its services, now that Google has partnered with six other banks, namely: BankMobile, BMO Harris, Banco Bilbao Vizcaya Argentaria (BBVA) USA, First Independence Bank, Coastal Community […]
Importance of Fintechs Highlighted by Covid-19 Crisis
The consumer-friendly lending services provided by fintechs have been highlighted as many turned to them during the initial lockdown phase. Caught off-guard by the imposition of lockdown and stay-at-home measures deemed necessary in preventing the coronavirus from spreading, many suddenly […]
What Travel Insurance Coverage Includes in Times of War and Acts of Terrorism
The government of Iran has formally acknowledged that the downing of the Ukraine-bound Boeing jet, which resulted to the deaths of all 176 passengers on board, was caused by damages sustained after the firing of an Iranian missile. Although such […]
Sallie Mae Introduces New Mastercard Credit Facilities Exclusively for Students and Fresh Grads
SLM Corporation (SLM), the publicly-traded corporation that deals mainly with student loans, commonly known as Sallie Mae, has introduced three (3) Mastercard credit facilities for college students and fresh college graduates with outstanding student loans. Launch of the three new […]
To Retire or Not to Retire at Age 65 ; An Equity Release Could Help You Decide
Based on a recent survey conducted by Provision Living, a company focused on providing services to senior citizens, most Americans today are no longer keen on retiring at age 65; The survey fielded questions about retirement plans to 1,000 American […]
Why Trump’s Policy Advisers are Uneasy with China’s Devaluation of the Yuan
The escalation of the U.S. China trade war to a new level has pushed China’s yuan currency to its lowest point, causing uneasiness among Trump’s policy makers and trade advisers, calling Beijing a currency manipulator. That is […]
Who is Warren Buffett and 12 Important Buffett Business Rules to Live By
Warren Buffett as known to many is the American business tycoon and investor who went through several depressions, stock market crashes and transition to computerization, whilst maintaining formidable ranking as top 3 man in Forbes list of billionaires. Albeit […]
Robo-Advisors: Poised to Change the Future of Investment Management
Automation is fast invading the field of investment management. Artificial intelligence called Robo-Advisors are now offering cloud-based, computer-aided investment recommendations tailor fit to the wealth, risk tolerance and time span of an investor. Operating online as financial management service providers, […]
Compound Interest: When and How It Works to Your Advantage or Disadvantage
Compound interest is touted as one investment element that rich people harness to keep their money growing. Instead of investing all excess or idle money into a new business venture, funds are placed on investment tools that have greater potential […]