Fintech Focus For May 10, 2021

By Renato Capelj

Posted by

Benzinga

18 hours ago

Quote To Start The Day: “The world is a book and those who do not travel read only one page.”. One Big Thing In Fintech: While recent information could indicate that some of the most lucrative trading activity at companies like Robinhood could be slowing, there’s also encouraging app download information that paints a more bullish picture regarding the durability of the boom in consumer interest regarding savings and investing.

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The definitive collection of the best investing stories Business Insider published during the week ended May 8.

Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. A new cryptocurrency that claims to be climate-friendly debuted in trading last week. The virtual coin, called chia and created by a platform called the Chia Network, advertises itself as “a ‘green,’ eco-friendly alternative” to Bitcoin.

On Saturday (May 8), with just hours to go before Tesla CEO Elon Musk talks about Dogecoin on comedy sketch show Saturday Night Live (SNL), Digital Currency Group (DCG), owner of Grayscale Investments, shocked the $DOGE community by saying that his company had just gone short on $DOGE. Data by…

Mark Cuban said cryptocurrencies are the future, especially as the world recovers from a pandemic. The billionaire outlined the two reasons why he thinks the country should shift to digital currencies. Cuban is among the high-profile crypto bulls, and is a particularly vocal backer of meme-based dogecoin. Sign up here…

Many investors look at Amazon and wish they had bought its stock when the company sold only books. And they will often set their sights on finding the “next Amazon.” While finding superstars at an early stage is difficult, investors might have better success identifying companies that have experienced massive revenue increases and are on their way to taking the lead in their respective niches. Let’s take a look at two such companies: Etsy (NASDAQ:ETSY) and StoneCo (NASDAQ:STNE).

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:. RBC dealmakers explain how increased interest in ESG-focused deals has changed how investment banks are operating. Goldman Sachs is rolling out a new crypto trading team. Asset managers are building crypto offerings to…

(NYSE:XLE) SPDR Select Sector Fund – Energy Select Sector 54.30 0.67 1.24 334.4K. (NYSE:XLB) Materials Select Sector SPDR 88.53 0.66 0.75 12.4K. (NYSE:XLF) SPDR Select Sector Fund – Financial 37.99 0.21 0.55 163.6K. (NYSE:XLI) SPDR Select Sector Fund – Industrial 105.87 0.52 0.49 13.9K. (NYSE:XLU) SPDR Select Sector Fund -…

Behind the scenes in the investment industry, a battle is playing out: index providers are vying with each other to provide the benchmarks needed to meet demand for sustainable funds. In Europe, flows into exchange traded funds that focus on environmental, social and governance factors outstripped flows into all other…

Concise insights on global finance. BRASS NECK. You can’t fault Metro Bank (MTRO.L) Chief Executive Daniel Frumkin for lack of brazenness. Little more than two years after the 190 million pound UK lender’s previous boss said it had massively under-reported the risk in its loan book, Frumkin wants regulators to ease rules on small banks to make his life easier.

NEW YORK, May 10, 2021 /PRNewswire/ — Laide Majiyagbe has been appointed Head of Financing and Liquidity assuming oversight of BNY Mellon’s Securities Finance, Liquidity Services and Collateral Segregation businesses. In this newly created position, Ms. Majiyagbe will oversee the strategic direction for BNY Mellon’s financing, collateral and short-term liquidity…

Experts told Insider about the drawbacks and advantages of cryptocurrencies – and what key issues potential investors need to be aware of.

The chief financial officer of Bridgewater Associates, the world’s largest hedge fund, is leaving to join a Bitcoin-focused firm. In a statement released on Friday, New York Digital Investment Group (NYDIG) announced the appointment of John Dalby as its new CFO. NYDIG, the Bitcoin subsidiary of $10-billion alternative asset manager…

Back-end semiconductor equipment and services provider, Cohu Inc (NASDAQ: COHU), inked an agreement to divest its Printed Circuit Board Test Group (PTG) business to Swedish high-tech company Mycronic AB (OTC: MICLF) for $125 million. The PTG business reported sales of $52.9 million for the year ended March 27, 2021. Cohu…

Can sustainable investing produce sustainable gains?. Environmental, social and governance (ESG) investments could become a $1 trillion category by 2030, BlackRock’s head of iShares Americas, Armando Senra, told CNBC’s “ETF Edge” this week. With U.S. investment in iShares’ suite of ESG funds starting to pick up in earnest this year,…

For seven straight months, fixed income investors turned to municipal bonds over Treasuries, putting the spotlight on three VanEck ETFs investors can consider. “America’s municipal bonds are staging their longest winning streak against Treasuries in seven years,” said a Bloomberg article. “State and local debt has benefited from a surge…

Bitcoin and ether are the top two cryptocurrencies by market cap. They may be very different, but investors often choose between holding one or the other. Insider asked 10 experts which crypto they’d rather hold for the next 10 years and why. Sign up here for our daily newsletter, 10…

Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. The Securities and Exchange Commission (SEC) is dragging its feet in deciding whether it should approve the listing of a Bitcoin exchange-traded fund (ETF) proposed by VanEck Associates Group. While it is good to be cautious, speed and political decisiveness are equally important. Otherwise we risk the rise of a digital shadow finance industry.

Well, the first week of trading in May is in the books… so what did you do?. There is an investing adage that you probably have heard:. Besides being a clever little rhyme, the adage would have been good advice during some periods in history. Even today, the six-month period between November and April tends to be the strongest for stocks.

Opinions expressed by Entrepreneur contributors are their own. You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Starting out in the financial marketplace can be intimidating, and with the uncertainty of the COVID-19 pandemic bringing with it periods of market volatility, building the right portfolio can be challenging for first-time investors. In the world of investing, there are several factors to consider – but the best way to invest money is evaluating how it works best for you.

Our mission to make business better is fueled by readers like you. To enjoy unlimited access to our journalism, subscribe today. The crypto world has been transfixed as Ethereum, long stuck in the shadows of Bitcoin, had a breakout stretch, rising more than 50% in the past week. Year to date, the world’s second largest cryptocurrency has risen more than 360%. And since the stock market bottomed late last March, Ethereum is up an astonishing 2,200%. For those new to crypto or just curious, here’s what you need to know about ETH.