Business

Celsius Network, a UK-based cryptocurrency lender, has been under U.S. regulators' scrutiny in states like Alabama, Texas, Kentucky, and New Jersey for its high interest-bearing accounts. Despite this legislative resistance, Caisse de dépôt et placement du Québec (CDPQ) and WestCap have invested $400 million in Celsius Network.

Voyager Digital, a publicly traded cryptocurrency platform based in the U.S., announced the acquisition of Coinify, a cryptocurrency payment platform with users in over 150 countries, for $15 million in cash and 5.1 million shares of Voyager Digital.

Chinese tech giant Tencent Holdings Ltd. (HKG: 0700) recently announced that it would acquire the Sumo Group (AIM: SUMO), a British video game firm, for a £919 million (US$1.27 billion). Following the news of the prospective acquisition, shares of Sumo jumped over 40%.

While things are slowly going back to normal, workers in the city center of London still lack the confidence to use the public transportation system. Their confidence in getting back to work is a bit shattered after officials keep releasing confusing messages. Things could change from one day to another and safety measures are not fully implemented yet – or at least so it seems.

Social media is at the most volatile point in its history. Nations and organizations are increasingly enforcing their own rules onto their social media users, whilst the platforms themselves are remaining tight-lipped about how they plan to deal with an increasingly regulated online sphere.

Although the last decade has seen robotics starting to infiltrate, the Covid-19 pandemic looks set to accelerate adoption. As doctors and nurses are under tremendous pressure to deliver care under hazardous conditions, robotics is offering a safer way to augment and replace human tasks.

Stablecoins are a form of digital currency that has been slowly adopted by the broader financial markets and regulators. Due to technological changes, the traditional financial industry is slow to move when they encounter new products as they do not like disruption. By the end of the article, you will …

Every country or continent has tried to tackle the coronavirus outbreak in a different way. Regardless of what the European Union has done, most market indicators believe the euro currency will keep going up. Every major currency was expected to lower and lose some power with the crisis, but all …

Internet giant, Google has sent a strong and clear message to the European Commission this week regarding the forthcoming Digital Services Act. Legislators are currently drafting brand new data-sharing and digital marketplace rules, guidelines which will obviously affect the day-to-day running of companies such as Google.

The stock of Bed Bath & Beyond (NASDAQ:BBBY), the famous home merchandise store, plunged more than 24% last month when the brand reported bleak earnings for the first quarter. Revenue fell by 50% and the Company announced it will be closing its 200 stores in the upcoming two years. The …