Category: Banking

Chia Network is launching a $100,000 contest with prizes for developers who use its Proof of Space method to create a more efficient cryptocurrency. Chia’s “green paper” contends that Bitcoin is inefficient and that if things continue the way they…

The $10 million entry fee to join the Facebook-developed cryptocurrency’s Libra Association is merely a minimum. Members who’ll verify transactions can opt to invest more in exchange for more Libra Investment Tokens that will earn them dividends from the interest…

Quantum computers are expected to exceed the capabilities of classical computers in the next five to 10 years and promise vast increases in processing power over silicon chips. It could mean great things for answering some of the world’s toughest scientific…

Image courtesy Kayali”When I got my first job at 14 years old, the first thing I spent my paycheck on was two bottles of perfume,” recalls Mona Kattan, the global president of Huda Beauty — the popular namesake cosmetics line…

(Reuters) – Three big U.S. banks reported strong earnings on Tuesday even as warning signs emerged that the playing field is beginning to tilt against the financial industry. While the biggest risk ahead is that lower interest rates will pressure…

Insurtech can ease the insurance claim process Pixabay In the same way that the banking industry was disrupted by fintech, and the legal sector by lawtech, the world of insurance is being shaken up by insurtech. Insurance is one of…

Running a Business The cannabis industry is like paying for a wedding. When you put “cannabis” in the name, everything costs more. Image credit: Darren415 | Getty Images July 15, 2019 4 min read Opinions expressed by Entrepreneur contributors are…

ReutersHere is what you need to know.  1. Leaving the European Union without a deal in later this year will destroy “many thousands of jobs” in the United Kingdom, the Business Secretary Greg Clark has warned. Boris Johnson, the favorite…

T-Mobile has one of the most ambitious 5G plans of any carrier out there. T-Mobile is banking on a merger with Sprint to complete its full 5G network but hasn’t shied away from getting a head start. With new 5G…

Wall Street better be careful what it wishes for. Karen Shaw Petrou, a prominent voice on financial regulation for decades, wants the Federal Reserve to know it will be making a big mistake if it listens to Wall Street and…