Hong Kong is aiming to become a major hub for digital currency trading with a new regulatory framework introduced by the city’s financial watchdog. The Securities and Futures Commission (SFC) of Hong Kong has announced a set of measures to regulate virtual asset trading platforms in the territory. The new framework, called the “Types of… Continue reading Hong Kong shows desire to be crypto hub with new regulation
Category: financial
Daily Crunch
Financial technology company Stripe recently made headlines after a report from The Financial Times surfaced that the company was seeking to raise $2 billion in a new funding round. Stripe’s response to the report? A terse “no comment.” Stripe is a San Francisco-based company that enables businesses to make and accept payments online. It is… Continue reading Daily Crunch
Microsoft to lay off 10,000 workers, blames decelerated customer spending
Microsoft Corporation, one of the world’s largest technology companies, has announced a surprise move to lay off 10,000 workers. The company blames the decision on weakened customer spending, a trend that has caused Microsoft’s overall financial performance to suffer in recent years. Microsoft’s announcement marks a major strategic shift for the company, which has seen… Continue reading Microsoft to lay off 10,000 workers, blames decelerated customer spending
Kenyan fintech
Kenya’s leading fintech company, Kwara, has recently announced a $3 million seed extension, as well as a new partnership with the National Association of Credit Unions (NACU). The company hopes that this additional funding and new relationship will grant them access to over 4,000 credit unions throughout Kenya. Kwara will be using the new funds… Continue reading Kenyan fintech
Kenyan fintech
Kenyan financial technology (fintech) provider Kwara has announced a $3 million seed extension that will allow the company to quickly expand its digital banking services to thousands of credit unions in the African country. The investment was led by Velseis Private Equity and saw participation from existing investors such as Ubenwa Partners, Cross Culture Ventures,… Continue reading Kenyan fintech
Virgin Orbit’s botched launch highlights shaky financial future
On the morning of May 25, Virgin Orbit, the space exploration company founded by billionaire Richard Branson, attempted its first ever rocket launch. The launch was intended to demonstrate the company’s ability to provide cost-effective launches to space. However, the attempt failed shortly after takeoff, ending any chance of success. The botched launch has become… Continue reading Virgin Orbit’s botched launch highlights shaky financial future
New York AG Sues Former Celsius CEO for Leading Investors, ‘Down a Path of Financial Ruin’
The New York Attorney General has filed a lawsuit against controversial former Celsius Network CEO Alex Mashinsky, and other former executives, for leading investors “down a path of financial ruin” with a “persistent false narrative” that misled investors, leading to losses of over $50 million. Mashinsky and five other former executives of Celsius were named… Continue reading New York AG Sues Former Celsius CEO for Leading Investors, ‘Down a Path of Financial Ruin’
TechCrunch+ roundup: Headcount data study, SaaS sales mistakes, financial close strategies
Technology is an ever-evolving field that few can stay on top of. With so much happening in the tech world, it can be hard to keep up with all the latest developments. That’s why TechCrunch’s roundup feature is a great resource for staying up-to-date on the newest stories and news. In this article, we’ll be… Continue reading TechCrunch+ roundup: Headcount data study, SaaS sales mistakes, financial close strategies
3 Black investors share what they are prepping for come the new year
As we enter 2021, optimism is in the air as the new year promises hope for a brighter future. This optimism is further bolstered by the success of some African American investors, who are taking advantage of the new year for their financial portfolios. In an exclusive interview with three black investors, we asked them… Continue reading 3 Black investors share what they are prepping for come the new year
SBF’s handcuffs aren’t loosening up anytime soon
In recent days, Singapore’s Straits Times Business Forum (SBF) has published a series of articles about how Singapore’s economic policies are stifling small businesses and entrepreneurs. The Straits Times Business Forum (SBF) is a platform designed to promote thought-provoking discussion on Singapore’s financial policies, with a specific focus on the impact of these policies on… Continue reading SBF’s handcuffs aren’t loosening up anytime soon