Plaid revealed that Mastercard and Visa have strategic investments made during a series C funding last December. While this raises prospects for greater innovation in the financial ecosystem, do we want another tech giant with access to too much data?
Popular Bitcoin Bull and Fundstrat exec Tom Lee, has said that there is a correlation between the equity market and the Bitcoin market. Lee says that Bitcoin with reach a new all-time high after the S&P 500 stock does as well.
Northmill, a Swedish fintech company, has received an SFSA (Swedish Financial Supervisory Authority) approval to receive a banking license. Experts are speculating that other competitors in this field such as Revolut and N26 should be worried.
In some relief to the Libra Association, officials from 26 central banks will be quizzing Facebook on the scope, scale, and implementation of the Libra project.
Apple’s new iPhone 11 is experiencing a strong showing and could be the next big thing for Apple in China. The company is expected to absorb the US-China trade tariffs to keep business up and customers as well.
Spotify has acquired SoundBetter Music Production Marketplace aiming to diversify its business model from overdependence on music streaming services to enhance its relationship with content creators.
Self-driving car company, Voyage, has pulled in additional funding in a Series B round. The CEO has said that the funds will be directed not only at increasing the company’s staff strength, but also the quality of its service.
Peloton, the maker of interactive at-home exercise bikes and treadmills with online personal training classes, set a range for its initial public offering (IPO) that could value the company at more than $8 billion.
Google will be shutting down the Google Express shopping platform and merging it with the new Google Shopping. After about 6 years, the platform has failed to properly plant its flag in the online shopping sector.
Cloudflare, provider of a cloud platform for website security and optimization, increased the proposed range for its IPO. They plan to raise $455 million by offering 35 million shares at a price range of $12 to $14.
Tesla has just announced a new power-packed “Plaid powertrain” upgrade for its Models S, X and Roadster vehicles. The Model S has already set a new record for the fastest four-door sedan.
On September 11, Bitwise officially announced the appointment of the Bank of New York Mellon to serve as the administrator and transfer agent for its forthcoming Bitcoin exchange-traded fund (ETF).
In recent news, Seed SX’s subsidiary Zero Hash announced that it will support derivatives transactions, thus opening the gates for institutions to clear derivatives on its platform.
McDonald’s has announced its acquisition of Apprente, a Silicon-Valley startup that uses artificial intelligence to better understand voice commands. McDonald’s hopes to use this to improve its voice orders at drive-throughs.
Ford is pushing into electric vehicles at a time when car manufacturers around the world are racing to slash carbon dioxide emissions in order to comply with more stringent environmental standards in the European Union.