Finance

Revolutionizing Crypto with Iris-Scanning Technology

Meet Worldcoin: Revolutionizing Crypto with Iris-Scanning Technology

Legendary actor Al Pacino said it best in his movie Scarface—“The eyes chico, they never lie”. The statement is true in both the real and virtual worlds. In the rapidly evolving universe of biometric authentication methods, we have become familiar with technologies like fingerprint and facial recognition. However, there’s a new groundbreaking player in town—iris-scanning technology.

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Exploring the Best Robo-Advisors for Smart Investors

Investing Made Easy: Exploring the Best Robo-Advisors for Smart Investors

Are you ready to revolutionize your investment approach and maximize your profits? Consider robo-advisors—the AI-powered automated investment advisor that uses algorithms to provide financial advice and manage investments. They are typically much cheaper than traditional advisors, and they can be a good option for investors—even beginners—who are looking for an automated and efficient way to manage their portfolios.

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7 Exciting FinTech Innovations That Are Changing the Way We Bank

7 Exciting FinTech Innovations That Are Changing the Way We Bank

Innovation in the financial technology (FinTech) space has reached new heights, thanks to the rise of technology. With the rapid transformation of the financial industry, FinTech companies are at the forefront of this change, using technology to disrupt traditional banking and offer innovative solutions to meet our financial needs.

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How News Affects the Stock Market

How News Affects the Stock Market

In January this year, the U.S.-based Hindenburg Research released a report accusing the Indian conglomerate Adani Group of stock manipulation and accounting fraud. The report received widespread media coverage, causing Adani’s stock prices to plummet. The founder and chairman of the Adani Group, Gautam Adani, lost US$34 million of his net worth in just a week after the report was released.

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What Happened and What It Means for Startups and the Crypto Market

3 Successive Bank Closures: What Happened and What It Means for Startups and the Crypto Market

The recent spate of bank failures in the U.S. has sent shockwaves through the financial world, with experts warning of a repeat of the 2008 crisis. In just one week in March, we saw the failure of two banks—Silvergate Bank, which announced plans for liquidation, and Silicon Valley Bank (SVB), which struggled to cut losses on bond investments because of inflationary conditions.

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Hong Kong’s Offshore Tax System

Reform of Hong Kong’s Offshore Tax System

Further to the introduction of the proposed Hong Kong’s new Foreign-Source Income Exemption (FSIE) regime as discussed in our article A Challenge to Hong Kong’s Long-Established Offshore Tax System in October 2022, the relevant legislation has been enacted and became effective on January 1, 2023.

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3 Challenges You Need to Be Ready for before Launching

Fintech Startups: 3 Challenges You Need to Be Ready for before Launching

FinTech startups are on the rise nowadays. Thanks to innovative technologies like blockchain and artificial intelligence (AI), it’s easier than ever to revolutionize the finance sector. However, getting a FinTech startup off the ground is far from simple. It requires immense amounts of research and planning in order to be properly ready for launch.

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The-Ultimate-Step-By-Step-Guide-to-Cryptocurrency

The Ultimate Step-By-Step Guide to Cryptocurrency

Cryptocurrency can be a difficult concept to understand. Is it something fluffy out on the internet or is it an actual currency? The difference between cash currency and cryptocurrency is how the latter uses virtual coins or tokens. And the idea of cryptocurrency is that you can trade with other people who own crypto without depending on a bank. Let’s look at how to use cryptocurrency.

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The 5 Most Traded Currencies in the Forex Market in 2022

The 5 Most Traded Currencies in the Forex Market in 2022

The Forex market is one of the fascinating markets that exist in today’s global economy. With its expanded trading hours, hundreds of different possible trading pairs and incredible liquidity, it makes for a very fast-paced and dynamic trading ground. Some currencies are traded much more than others, however, for a range of reasons including the strength and growth of the economy and the perceived safety of the currency. We look at five of the most traded pairs of currencies in the Forex market in 2022.

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The Rapid Rise of FinTech in India

The Rapid Rise of FinTech in India

India is one of the world’s fastest-growing economies and speedily emerging FinTech hubs. As of June 2022, the country had around 4,200 FinTech startups, 17 of which were unicorns, i.e. companies that reached a valuation of US$1 billion without being listed on the stock market. In comparison, China is home to only 13 FinTech unicorns. There are many more Indian startups on the brink of the US$1 billion dream, dubbed “soonicorns”, a testament to India’s flourishing FinTech industry.

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Top Celebrity Turned Venture Capitalists

Top Celebrity Turned Venture Capitalists

Whether it is by making their non-fungible tokens (NFTs) or by creating their cities, celebrities are taking up different ways of growing their ever-expanding network of enterprises. This is exactly why it came as no surprise when reality TV star turned businesswoman Kim Kardashian launched her venture capital firm earlier this month. Called SKKY Partners, Kim’s firm is the latest on the long list of celebrities to make enter the venture capital (VC) industry. Curious to know who the other top VC celebrities are? Here is a rundown of some of the biggest celebrities and their various investment ventures. 

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Do Host Countries Make Money from FIFA

Do Host Countries Make Money from FIFA?

If you are an avid football fan you would be well aware that organizing the FIFA World Cup hasn’t been a cheap venture for any of the hosting countries. Qatar spent US$220 billion for the preparation of the 2022 event; similarly, Russia and Brazil spent US$14 billion and US$12 billion on the tournament in 2018 and 2014 respectively.

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Transparency in the Post FTX World What is Proof of Reserve

Transparency in the Post FTX World: What is Proof of Reserve?

In November this year, two big league crypto businesses, FTX and BlockFi, filed for bankruptcy. FTX had a death spiral after news broke out that the Sam Bankman-Fried-owned exchange had used customer funds to make risky bets through his hedge fund Alameda Research. On the other hand, FTX was closely associated with BlockFi, with them having signed a loan agreement with each other and BlockFi holding US$355 million in digital assets on FTX.

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How Do Venture Capitalists Choose Which Project to Invest In?

How Do Venture Capitalists Choose Which Project to Invest In?

For those in the entrepreneurial space, raising funds can be very challenging. Not only is it difficult to find the right investor for your startup, but it is also hard to convince said investor to put money into your venture. With over 75% of venture-backed companies failing, the venture capitalist (VC) you approach is taking a serious risk when putting their money into your startup.

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New to the Forex Market The Ultimate Toolkit for Success

New to the Forex Market? The Ultimate Toolkit for Success

Foreign exchange trading can be a tricky business. When it comes to choosing what tools will be the most effective in your forex trading journey, there are a few aspects to consider. Whether you are a brand-new trader or a seasoned veteran, some of these tools will always be handy to help you not only find the diamonds in the rough but also stay focused on your goals.

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