fbpx
QQQ
+ 0.89
339.46
+ 0.26%
DIA
+ 0.07
344.91
+ 0.02%
SPY
+ 0.75
422.86
+ 0.18%
TLT
-0.23
142.77
-0.16%
GLD
-2.04
179.78
-1.15%

Fintech Focus For May 7, 2021

May 6, 2021 6:32 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

Fintech Header

Quote To Start The Day: “Whatever you are, be a good one.”

Source: Abraham Lincoln

One Big Thing In Fintech: Metromile Inc, an insurance-focused fintech powered by data science and machine learning, announced Thursday it will allow policyholders the option to pay for insurance and receive payment for claims in Bitcoin or U.S. dollars.
Source: Benzinga

Other Key Fintech Developments:

  • How fintech will eat into old banks.
  • Crypto.com sponsors Coppa Italia.
  • Nivaura helps LSEG with platform.
  • Goldman launches BTC derivatives.
  • Lime furthered BestEx partnership.
  • IEX Exchange targets retail trade.
  • Tink, Tribe form bank partnership.
  • Square shows $3.5B BTC revenue.
  • Coinbase looking to promote remote.
  • UK scrapping open-access regime.
  • PBoC, Ant, Tencent team on CBDC.
  • Börse fully acquires Clearstream.
  • Northern Trust finishes Parilux buy.
  • Bitso raises $250M at $2.2B value.
  • Sotheby schedules more NFT sales.
  • Nasdaq: NMS and odd lot problems.
  • Shift raises $220M at $1B+ value.
  • Paystack expands to South Africa.
  • JPM on bitcoin, blockchain, DeFi.
  • Revolut enables crypto withdrawals.
  • NFT auctions to move from ether?
  • Chime can’t be calling itself a bank.
  • Neuravest expands, adds leaders.

Watch Out For This: Influencer marketing, which is on track to become a $15 billion industry by 2022, is a unique way for creators to monetize their content and outreach.

The problem with this industry is both the supply and demand dynamics, as well as an unfulfilling culture, according to some. More and more, creators are being faced with a tough decision, innovate or die.

Source: Benzinga

Interesting Reads:

  • Twitter testing a new Tip Jar feature.
  • Elon manifests interplanetary reality.
  • New York City’s violent crime is up.
  • Dimon commented on raising taxes.
  • Top lumber firm to expand capacity.
  • Why we can’t just make more chips.
  • Einride is innovating freight mobility.

Market Moving Headline: The selloff that’s tearing through high-valuation tech shares has battered Cathie Wood’s flagship ETF.

The ARK Innovation exchange-traded fund (ARKK) dropped for a seventh straight day Wednesday in its longest slide in nearly two and a half years. After surging roughly 150% in 2020 thanks to a string of prescient bets on Tesla Inc. and stay-at-home tech darlings, the negative stats are starting to add up.

ARKK, which edged lower in early trading on Thursday, is down more than 10% for the year and investors are piling into protection against more losses. Put volume hit 190,000 Tuesday, the most in six weeks and the fourth-most on record. The latest data show outflows for a sixth consecutive day, the longest streak since the fund launched in 2014.

Source: Bloomberg

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.


Related Articles

Elon Musk Sets The Record Straight On When Tesla Will Accept Bitcoin Again

Elon Musk, CEO of Tesla Inc (NASDAQ: TSLA), clarified when the automaker would start accepting Bitcoin (CRYPTO: BTC) for its vehicles again in response to a tweet of one of the biggest crypto publications, Cointelegraph. read more

EXCLUSIVE: 'Clear Manipulation For Amusement's Sake,' Crypto Group Trying To Oust Elon Musk As Tesla CEO Says There's Sense Of 'Betrayal'

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has ruffled enough feathers with his fervent tweets on cryptocurrency that a group has launched a whole new project aimed simply at putting an end to his alleged market manipulation. read more

Famous DJ David Guetta Is Selling His Apartment For 390 BTC

What Happened: A popular French DJ David Guetta is selling his Miami apartment for cryptocurrency. The three-bedroom 2528 square feet is represented by the Freud Group, which is known for working with high-profile clients. read more

Benzinga's Bulls And Bears Of The Week: Apple, Amazon, Biogen, Bitcoin, Tesla And More

Benzinga has examined the prospects for many investor favorite stocks over the past week. The past week's bullish calls included the e-commerce leader, a top biotech and the airlines. read more