Finance

 

  • Robocoin Opens The First Bitcoin ATM In Vegas, Baby

    Robocoin Opens The First Bitcoin ATM In Vegas, Baby

    Luck be a protected cryptocurrency-based transaction via a highly secure, distributed network tonight! Robocoin, a bitcoin ATM company, has announced that they’ve placed the first bitcoin ATM on the Las Vegas strip where the high-rollers and low- can go to turn their winnings into crypto cash. Read More

  • Apis Partners Launches New Fintech Growth Fund For Africa, Asia

    Apis Partners Launches New Fintech Growth Fund For Africa, Asia

    Apis Partners, a new growth fund to back fintech startups out emerging markets like Asia and Africa, has launched, aiming to raise between $250 million and $300 million. Matteo Stefanel, previously a partner in emerging markets private equity firm Abraaj, created the fund with Udayan Goyal, a founder of fintech investment and advisory firm Anthemis Group. Plenty of innovation in financial… Read More

  • Amazon Misses In Q2 With In-Line Sales Of $19.34B, Larger Than Expected Per-Share Loss Of $0.27

    Amazon Misses In Q2 With In-Line Sales Of $19.34B, Larger Than Expected Per-Share Loss Of $0.27

    Following the bell today, Amazon reported its second quarter financial performance including a $0.27 per share loss on revenue of $19.34 billion. Analysts had expected Amazon to lose $0.15 on revenue of $19.34 billion. For the quarter, Amazon’s revenue grew 23% when compared to the year-ago quarter. It had operating income of -$17 million, down from its year-ago tally of $79… Read More

  • Facebook Is Now Worth $190 Billion

    Facebook Is Now Worth $190 Billion

    Facebook is worth more than Amazon. Following yesterday’s earnings report, Facebook shares hit an all-time high in after-hours trading at $75. Price has been very stable this morning as well, confirming yesterday’s pop. Shares opened at $75.96 a share, then set a new record at $76.74. Now, shares are trading at $75.13. In other words, Facebook’s market capitalization is… Read More

  • PayPal Expands Its Working Capital Service To UK, Switches From Loans To Cash Advances

    PayPal Expands Its Working Capital Service To UK, Switches From Loans To Cash Advances

    As payments platforms look for more ways to grow their margins and usage among businesses, they continue to push into a wider and deeper range of financial services. In one of the latest moves, eBay’s PayPal is expanding its Working Capital service to the UK. This is its first market for PayPal’s lending platform outside of the U.S., where it first launched the service in… Read More

  • Apple’s Mixed Q3 2014 With $37.4B Revenue, $7.7B Profit And $1.28 EPS

    Apple’s Mixed Q3 2014 With $37.4B Revenue, $7.7B Profit And $1.28 EPS

    Apple has just released its fiscal Q3 2014 earnings, reporting $37.4 billion in revenue, $7.7 billion in net profit representing $1.28 per share. Compared to the year-ago quarter, it corresponds to a growth of 5.9 percent in revenue, and 19.6 percent in EPS (adjusted for the 7-for-1 split). Fortune’s consensus among analysts was for Apple to report earnings of $1.26 per share on… Read More

  • Apple’s Cash Machine Is Back

    Apple’s Cash Machine Is Back

    Later today, Apple will announce its quarterly earnings for Q3 2014. For the past couple of years, the April-to-June quarter has been the slowest quarter of the year for the company. Before that, Apple used to refresh its iPad lineup in the spring. Now, it seems like nothing is happening during the Q3 quarter. But gross margin is on the rise and should make this quarter more impressive… Read More

  • New York To Bitcoin Startups: Get Permission Or Get Out

    New York To Bitcoin Startups: Get Permission Or Get Out

    Bitcoin allows people to build financial technology without asking for permission, but if New York state has its way, this won’t be the case for long. The New York Department of Financial Services released a series of proposed regulations last week that could shut down the digital currency startup ecosystem as we know it. Deemed “BitLicense,” it may help “Big… Read More

  • Startupbootcamp Names The Ten Startups In Its First London Fintech Program

    Startupbootcamp Names The Ten Startups In Its First London Fintech Program

    Startupbootcamp has just announced the first cohort of ten startups that will participate in the 2014 program of its London-based fintech accelerator. The startups that have made the cut for the inaugural three-month mentoring program include teams from Europe, Africa and the US. Read More

  • Blockchain Releases New Android Wallet App To Put Bitcoin Into Everyone’s Hands

    Blockchain Releases New Android Wallet App To Put Bitcoin Into Everyone’s Hands

    Popular bitcoin wallet provider Blockchain.info is releasing a major new version of its Android app, allowing you to store, receive and send bitcoins directly from your Android phone. The key thinking behind the update is to make bitcoin more accessible. It hides the complexity of the protocol in order to encourage mainstream user adoption. Read More