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Crypto Fundraising Is Changing Again in 2020


Funding is a prerequisite for any new crypto project, but with IEOs likely to play a reduced role in 2020, where will the all-important capital come from? While minted entities like Ripple, Tezos, and Tron certainly have the means to plow tens of millions into their chosen ventures, they...

China’s Manufacturing Grows While Inflation Danger Still Looms Over the US


As China and the US came close to conclude the talks on the first phase of the trade deal, a stronger Manufacturing activity in China has coincided. A Chinese official statement by the National Bureau of Statistics declared that the Purchasing Managers’ Index (PMI) has remained at 50.2 in December....

Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria


A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive...

Tesla Secures $1.6 Billion Chinese Credit for Its Shanghai Factory


As the whole world has become wary of the developments in the US-China trade war front, finally, there is a positive light on that issue. After choosing China as its first manufacturing unit outside the United States, Tesla has inked a loan agreement worth 9B Yuan (1.29B USD) recently. As...

Indian Payment Company PayMate Aims at Expanding Into Middle East & Africa


PayMate, India’s one of the most emerging payment companies, has decided to broaden its presence in the Middle East and Northern Africa. Its CEO, Ajay Adiseshann, said that the company would invest 3 million USD in the Middle East by 2021. It should be noted that PayMate has already started...

2019 Google and Yahoo Searches for Bitcoin Decline Significantly


2019 was an interesting year for cryptocurrencies. Some would say it wasn’t as bad as the crypto winter in 2018 and others would note it wasn’t as great as bull run 2017. One thing’s for sure, ever since the all-time price highs, interest in cryptocurrencies has been waning....

Britain Gives Green Signal to the $5 Billion Cobham Deal


After a lot of speculation, the Britain Government has finally given a green signal for the sale of  British defense company Cobham to a U.S. Investor. This decision has been made after the U.S. based Advent International agreed to Britain’s terms for national security. The sale is likely to...

Tiger Global and Sequoia May Become Profitable From 2020 IPOs: CB Insights


The year 2019 has not been very fruitful for investment firms. After the Uber’s dismal performance post IPO, the next year becomes more important to watch. In 2020, there are many more big names that may go public including Airbnb. From the investors’ point of view, the major investment firms...

Boeing to Stop Production of 737 Max Aircrafts


The America-based multinational airplane manufacturing firm, Boeing has announced that the team is contemplating to halt the production of its best-selling aircraft named 737 Max by next month of the fast-approaching new year 2020. The ban was imposed by the Federal Aviation Administration (FAA)...

ICBC Reinforces Partnership With Alibaba and Ant Financial


China’s one of the largest banks, the Industrial and Commercial Bank of China (ICBC), has declared that it would further enhance its association with Alibaba Group and Ant Financial. ICBC will use Alibaba Group’s long-standing experience on electronic payment settlement to enhance its services....

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