Author: Mark J
New and uncharted territory into which the financial technology industry is venturing is revolutionary and disruptive across the globe and the banking model is not immune to this. According to CB Insights, latest data indicate that fintech funding globally was at $44 billion in the third quarter for 2024, this is 15% above the second quarter, proving that this is a sector that can withstand hard economic times. At spearheading of the fintech revolution one can identify digital payment platforms and blockchain based financial services. Micro and small online sellers, which PayPal has been serving for many years, was intended…
World equities had a strong gains today due to investor’s reaction towards decrease in inflation and indications of a shift towards lower interest rates by key global central banks. The S&P 500 rose by 1 percent this week as investors hovered in anticipation for the second coming of quantitative easing. 1% and the S&P 500 rose 0. 8% today ; The Nasdaq Composite surged another 2%. 3%, both record highs to their highest levels ever recorded. European markets also followed the suit as the pan-regional Stoxx index of 600 companies rose by 1%. 5%. The rally was mainly driven by…
Equity markets advanced worldwide today as the hopes for Federal Reserve to trim interest rates in the near future mounted. The S&P 500 and the Nasdaq Composite index hit record high, as did European and Asian markets. The rally was aided by the latest economic figures that indicated that inflation is persistently coming down in the United States, which may afford the Fed the opportunity to ease monetary policy. The consumer price index for February that was released earlier this week indicated that the core inflation had increased by 3. 8% year-over-year, which is just below economists’ forecast. This is…
In a major step towards clean energy, NTPC Green Energy has signed to buy India’s largest wind power plant. This is a very ambitious project which is expected to produce electricity from renewable sources that will cater for about three million homes in India, a major boost in the renewable energy sector. The project is one of the several projects that have been deemed relevant by the Indian government’s quest to diversify the country’s energy sources towards the utilization of renewable energy. NTPC Green Energy Ltd a subsidiary of the state-owned National Thermal Power Corporation (NTPC) has been one of…
This will be the first time Apple will be launching its latest iPhone on a Monday, a rarity in the company’s near 19-year history. The much-awaited iPhone 16 launch event named ‘It’s Glowtime’ is set for September 9, 2024, but it is not a Friday as has been the tradition of Apple in the previous years. It is not a simple matter of rescheduling but a strategic shift that has been brought about by a number of factors. The change of launch from Tuesday to Monday is mainly due to two big events that are expected to take place the…
As the days to the 2024 US presidential election approaches, the Indian American community is getting more and more enthusiastic. This excitement is all directed at none other than Kamala Harris, the first South Asian American Vice President of the United States. The slogan of ‘Hamari Ye Kamala Harris’ meaning ‘Our Kamala Harris’, has become the slogan of the Indian Americans who are proud of Harris and are ready to support her in the presidential debates against Trump. This is not just in words but has become a culture, fans celebrating after the game and the phrase “nacho nacho” (dance…
Today is a big day in the tech industry as Apple has scheduled its “It’s Glowtime” event in Apple Park in Cupertino, California. The event that is scheduled to commence at 10 AM PT (10:30 PM IST) will see the firm unveiling new technologies with the iPhone 16 series likely to take the spotlight. The iPhone 16 lineup is expected to include four models: These are the iPhone 16, iPhone 16 Plus, iPhone 16 Pro and the iPhone 16 Pro Max. This years release is even more interesting as it is the first time that Apple has decided to unveil…
Thanks to its growing popularity in the market, cryptocurrency SATS (1000SATS) has attracted investors and traders with an amazing 8. It has increased by a 09 % price over the last 24 hours. Currently trading at $0. SATS with code number 0003041 has also proved to have a good performance in the last 24 IPERIOD. This has seen the market capitalization rise to $ 638. It is assessed at $66 million, making it rank number 85 of all the tokens in the cryptocoin market. Besides, an increase in trading volume was recorded by SATS which had a 12% improvement in…
Helium (HNT) has gained quite an audience today with a very remarkable daily price hike of 9%. The percentage of share currently hitting $8, was shown to be 01% one years ago. 25. This surge has placed Helium as one of the most promising digital currencies and investors’ attention is quickly shifting to it. Hence the overall positioning of the company has a market capitalization of $1. That said, the recent performance of Helium looks very promising, and the upcoming demand for its services has proven its effectiveness as a cryptocurrency; Despite its recent market capitalization of more than $…
In this case, Stellar (XLM) remains its consistent efforts to prove the stability of a cryptocurrency while emphasizing its genuine value, mainly as a means of cross-border payment and a cryptocurrency for the financially excluded. Currently trading at $0. 09135, as a result of which XLM has experienced a minor 0. Rising by 52% in the value added within the last 24 hours. That small increase affirm Stellar’s position as a rather stable asset in a climate where volatility is the-general-rule-of-the-game. Presently, stellar occupies the 30th place in the list of cryptocurrencies with its market capitalization of 2,695,807,914$. This large…