Despite the Conservative Party’s rhetorical embracement of crypto under the new Prime Minister Rishi Sunak, the upcoming regulatory framework will reportedly tighten scrutiny over the industry. ...
Tag: Services
Chairwoman of House Financial Services Committee Says SBF Has No Excuse To Skip Scheduled Testimony
– Advertisement – Top U.S. Lawmaker Calls Out SBF For Planning to Delay A Testimony on FTX Fall. Following former FTX CEO SBF’s announcement that he would only testify on the FTX collaps...
Amazon Web Services will take a further hit in 2023: Dan Niles
Amazon.com Inc (NASDAQ: AMZN) will continue to see weakness in its “cloud” business next year, says Dan Niles – the Founder of Satori Fund. Demand will slow down further in 2023 According to Niles, de...
Alibaba Cloud supports Avalanche validators with computing services
Alibaba has collaborated with Avalanche network to mark the tech giant’s first step into the blockchain industry. According to their partnership deal, users can now launch Avalanche validator nodes vi...
Amazon, Walmart, and Kroger Could Have the Solution to Grocery Deliveries
Shoppers returning to stores in the wake of the Covid-19 pandemic, venture-capital money drying up, and higher labor costs mean the first golden age of food delivery looks to be over. But customers ha...
Apple Is Looking to Move Production Out of China, Report Says
Apple has hastened plans to move part of its production out of China, home to the world’s largest iPhone factory, according to a The Wall Street Journal report citing anonymous sources. The world’s mo...
Avalanche to power Alibaba Cloud’s infrastructure services in Asia
Alibaba Cloud, a.k.a Aliyun, a subset of Chinese e-commerce giant Alibaba, announced an integration with Avalanche blockchain to power the company’s Node-as-a-Service initiatives. Avalanche’s partner...
Apple Makes Plans to Move Production Out of China
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people ...
Crypto Exchange Binance Rolls Out Trading Services for Brand-New Web3 Altcoin Project
The world’s largest crypto exchange platform by volume is listing a brand new altcoin in its Innovation Zone which allows users to trade newer token offerings. According to a recent company announceme...
Unbanked Bridges Digital Assets and Traditional Banks; Spreads Services To More Regions Across the Globe
Cryptocurrency has the edge over traditional financial systems because it is decentralized and ultimately free from the control and bottlenecks of banking institutions, central banks, and the governme...
Marvell Stock Sinks as Earnings Fall Short. Customers Are Pulling Back.
Marvell Technology shares were sinking in late trading Thursday after the data- center semiconductor firm’s earnings and outlook disappointed Wall Street. The company said makers of storage equipment ...
FTX’s Alameda Research owes Jimmy Buffett’s Margaritaville, Amazon Web Services
Sam Bankman-Fried’s hedge fund Alameda Research lists Jimmy Buffett’s Margaritaville Resort in the Bahamas and Amazon Web Services as two of the largest creditors it owes money to, accordi...
TP ICAP gets FCA approval to offer crypto services to institutional clients
Capital markets firm TP ICAP has received approval from the UK’s Financial Conduct Authority (FCA) to register as a cryptoasset exchange provider. TP ICAP’s new exchange, known as F...
Signature Bank to Participate in the Goldman Sachs 2022 US Financial Services Conference
NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its management plans to present at the upcoming Goldman Sachs 2022 US Financ...
Jenny Harrington recommends these two services stocks for 2023
U.S consumer will continue to spend on services even if the economy slides into a mild recession in 2023, says Jenny Harrington of Gilman Hill Asset Management. Harrington recommends owning Marriott s...
US Auditing Firms To Charge More for Crypto Company Services Following FTX Collapse: Report
Several US auditing firms are reportedly going to charge crypto companies a steeper fee for their services in the fallout of FTX’s implosion. According to the Financial Times, many audit firms are rec...
ACI Worldwide and Vendo Services Partner to Enable Merchants to Offer Cryptocurrency Payments Globally
Extension of partnership will enable Vendo Services to offer more than 127 cryptocurrencies, including Bitcoin, to its global merchant customer base Customers of ACI Secure eCommerce are able to offer...
Crypto Exchanges Bitfront, AAX Suspend Services Amid FTX Contagion
Crypto exchange Bitfront founded by social media giant LINE on Monday announced shutting down the crypto exchange due to facing challenges in the crypto industry. Users can withdraw their crypto asset...
Binance launched a proof-of-reserves system for bitcoin holdings. What are proof of reserves?
Crypto exchange Binance launched a new website that explains its proof of reserves system. But why did the company do it and what does it mean? Here’s a breakdown of why the term has been making its r...
More people use ‘buy now, pay later’ for holiday shopping, but experts say that’s a double-edged sword
Online purchases using the BNPL rose by 13% year-on-year in November, according to Adobe Analytics. That figure does not take into account Thanksgiving or Black Friday spending. “In an uncertain econo...
The Tezos Foundation has entered in to a Professional Services Agreement with Unity for Web3 Blockchain SDK Development
ZUG, Switzerland–(BUSINESS WIRE)–Today, the Tezos Foundation has announced that in May 2022, it entered into a professional services agreement with Unity’s Accelerate Solutions group for the creation ...
Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding – Bitcoin News
Crypto firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter. Sources detailed that the company already secured commitments from inve...
Swiss Bank Sygnum Receives In-Principle Approval to Offer Crypto Services in UAE
Sygnum secures in-principle approval from the UAE government. Sygnum, Switzerland’s digital asset bank, has been granted regulatory approval to expand its operations into the United Arab Emirates (UA...
Australian regulator sues fintech company over alleged unlicensed crypto services
Australia’s financial regulator has sued Sydney-based Block Earner, citing concerns that the fintech company offered unlicensed crypto products. Block Earner offers several tiers of products tha...
Apple iPhone wait times have doubled in 4 weeks to 38 days, UBS says
It’s too late to buy an Apple iPhone 14 Pro or Pro Max in time for Christmas, as supply disruptions have caused wait times to double over the past four weeks, according to UBS research. As a result, i...