Markets News

Is Nike’s gender problem a few bad apples, or an old-boys-club culture?

6 days ago admin2 0
After a group of former employees filed a lawsuit against Nike alleging gender discrimination, one thing is becoming clear: It’s going to take more than dismissing a handful of executives to reform the company’s male-dominated culture. Earlier this year, 11 executives left Nike amid employee complaints of sexual harassment or the fostering of hostile workplace environments. Read More

Volumes Surge on Turkey’s Crypto Exchanges as Lira Tanks

6 days ago admin2 0
Trading volume on Turkey’s cryptocurrency exchanges surged Friday as the country’s fiat currency plunged to record lows on economic jitters. According to CoinMarketCap, volume at Turkish exchanges Paribu, Btcturk and Koinim jumped over the past 24 hours by more than 100 percent each. Absolute volumes are still relatively small at these exchanges, with Btcturk, the country’s largest, handling Read More

Singapore VC Unveils New Blockchain, Cryptocurrency Fund

6 days ago admin2 0
LuneX Ventures, a partnership between Singapore-based venture capital (VC) firm Golden Gate Ventures and its former head of growth Kenrick Drijkoningen, is looking to invest US$10 million into five to ten blockchain and cryptocurrency startups by the end of the year, the company said on Friday. LuneX Ventures claims to be Southeast Asia’s first dedicated Read More

Indian companies are the biggest losers in the country’s smartphone race

6 days ago admin2 0
India’s smartphone users have no brand loyalty whatsoever. Over seven in 10 Indian smartphone users changed the brand of their handsets between April and June this year, according to CyberMedia Research’s (CMR) latest data. And the churn has benefitted Chinese players the most. For instance, Xiaomi posted a net gain of 36.9%—the highest—in its user Read More

Why Volkswagen is giving up on making trucks in India

6 days ago admin2 0
The Indian commercial vehicles segment is growing rapidly, yet foreign players are bowing out. On Aug. 08, Volkswagen-owned MAN Trucks and Bus said it will pull out of India. “The manufacturing, sales, and exports of the CLA range (a specific kind of truck model) will be stopped after the existing customer orders are completed,” the company said in Read More

Binance Offers First Look At Planned Decentralized Crypto Exchange

6 days ago admin2 0
Cryptocurrency exchange Binance unveiled the platform’s first look at its upcoming decentralized exchange (DEX) on Thursday. Binance, one of the world’s largest cryptocurrency exchanges by trading volume, announced back in March that it plans to launch a new public blockchain for the purposes of developing the Binance Chain, a platform to transfer and trade different crypto Read More

Bulls Get Relief as Bitcoin Price Beats $6.5K Resistance

6 days ago admin2 0
Bitcoin’s price rose above $6,500 Thursday, offering some respite for the badly battered bulls. The world’s largest cryptocurrency by market capitalization had fallen to $6,138 Wednesday at 16:00 UTC – its lowest level in 26 days, according to Bitfinex data. Yet, bitcoin’s price was last seen at $6,500, up 5 percent from its most recent low. Read More

Thailand Sees Booming Cryptocurrency Industry As New Law Comes Into Effect

6 days ago admin2 0
Image: Bitcoin and Thailand flag, by Lukasz Stefanski, via The cryptocurrency industry in Thailand is booming with about 50 initial coin offerings (ICOs) and 20 exchanges showing interest in applying for a digital asset license, according to Thailand’s Securities and Exchange Commission (SEC). “License approvals are being processed,” SEC secretary general Rapee Sucharitakul told Read More

A group of student investors thinks it can save MoviePass

1 week ago admin2 0
College students Nathan Yee, Sam Yaffa, and Yash Thukral have learned a lot about business from studying MoviePass parent Helios and Matheson Analytics over the past couple of months. All three subscribe to MoviePass, a movie-ticket service that gets members into a movie showing per day for $9.95 a month, and say their family and Read More