Fintech News
Trading Apps Expose Investors to Cyber Criminals, Report Finds
Dozens of applications used for online trading by retail investors have cybersecurity vulnerabilities, some of which could lead to hackers siphoning funds from account holders, according to security consultant IOActive Inc.
He’s Half ETF, Half Crypto: One Man’s Quest to Bring Progress to the Universe
You never go full crypto, right? Yet clearly some in the ETF industry see a massive opportunity, hence the steady talent trickle to the nascent space.
Crypto Technicals Flash More Pain Ahead, Eye Bitcoin at $4,000
Cryptocurrency technical analysts have been warning against buying on the dip after the sell-off that shaved $600 billion from the value of digital coins since January.
ICOs Are Turning Exclusive as Wealthy Investors Snatch Up Deals
ICOs were supposed to be IPOs without the Wall Street middlemen and Washington meddling. Now they’re looking a bit less revolutionary.
SoFi Is Said to Report Second-Quarter Loss of $200 Million
Writedowns of underperforming loans drove Social Finance Inc. to a second-quarter adjusted loss of about $200 million, according to people familiar with the matter.
Bitcoin Whale’s Bad Trade Leaves Counterparties Holding the Bag
A massive wrong-way bet on Bitcoin left an unidentified futures trader unable to cover losses, burning counterparties and threatening to dent confidence in one of the world’s largest cryptocurrency venues.
Brokers’ Cryptocurrency Deals Are Focus of SEC Review
Wall Street’s main regulator is boosting its scrutiny of brokerages that deal in cryptocurrencies, according to two people familiar with the matter, the latest sign that authorities want to know more about a burgeoning market that they fear might be full of misconduct.
Crypto Bulls Pile Into ICOs at Record Pace Despite Bitcoin Rout
This year’s selloff in virtual currencies has done little to dent investor enthusiasm for initial coin offerings, which attracted a record $12 billion in the first half.
Blockchain, Once Seen as a Corporate Cure-All, Suffers Slowdown
Corporate America’s love affair with all things blockchain may be cooling.
Human Bankers Are Losing to Robots as Nordea Sets a New Standard
Something interesting happened in Swedish finance last quarter. The only big bank that managed to cut costs also happens to be behind one of the industry’s boldest plans to replace humans with automation.
You Can Now Buy Shares in One of the World’s Top Cocktail Bars
As of July 27, cocktail fans can pick up some equity along with their gin martini.