Grit Daily Finance

  • Olga Vorobyeva on DeFi: “It’s like bringing the casino into capitalism”
    Decentralized finance (DeFi) is booming. And among everything blockchain has to offer, DeFi is one of the most legitimate sectors and – arguably – the most promising. But like everything in life, it has its pitfalls too. “Decentralized finance allows anyone a do-it-yourself version of investment banking, supported by high... Read more »
  • Millennials Created Meme Stocks: Prior Generations Are Reaping The Benefits
    A report by Openmarkets Group (OMG), an Australian trading and wealth management fintech, has found that millennials are getting outperformed when it comes to meme stock investing. The concept of meme stocks was the result of the viralization of Gamestop (GME) and AMC Entertainment (AMC) during the Gamestop short squeeze... Read more »
  • Data Management Startup Rose Technology Closes $5.5 mln Seed Funding Round
    Rose Technology, a New York-based data management startup, has closed a $5.5 million seed funding round to revolutionize how organizations and individuals deal with data. The seed funding round was led by Toronto-based Portage Ventures and counted with participation from important firms like BoxGroup and Sound Ventures. The new capital... Read more »
  • Protecting $50 billion in funds, DeFi security outfit Immunefi is a metaphor for all startups
    Decentralized finance – DeFi – has exploded over the last couple of years. And with any fast-moving new tech sector, some people will attempt to take advantage of the industry, which means DeFi security is a booming sector as we protect against an ever-increasing amount of hacks, breaches, and exploits.... Read more »
  • Crypto Startup Floating Point Raises $10 mln in Series A Funding
    Floating Point Group, a crypto startup based in Hoboken, has raised $10 million in Series A funding to continue disrupting the crypto industry. The Series A funding round counted with participation from investors like Tribe Capital, Anthony Scaramucci, Coinbase Ventures, Gettlylab’s F A S T, CapitalX, Borderless Capital, Formulate Ventures,... Read more »
  • Fintech Startup Neo Financial Closes $64 mln Series B Funding Round
    Neo Financial, a Calgary-based Fintech startup, has closed a $64 million Series B funding round to revolutionize how people use their money. The round was led by Valar Ventures, who also led the Series B round, and counted with participation from Greenoaks Capital, Altos Ventures, Breyer Capital, Golden Ventures, Afore... Read more »
  • Cryptocurrency Exchange Startups Vie for Bitcoin Buyers
    People are becoming increasingly interested in purchasing cryptocurrencies. There is no need to be surprised, as this is seemingly an amazing investment option for almost anyone. The most well-known cryptocurrency is, of course, Bitcoin (BTC). It may look really difficult to invest in this crypto, but it is much simpler... Read more »

    Business – ARY NEWS

  • OGRA jacks up CNG prices in Punjab, Sindh
    LAHORE: The Oil and Gas Regulatory Authority (OGRA) has jacked up prices of Compressed Natural Gas (CNG) in Punjab and Sindh, ARY News reported, citing well-informed sources. The prices have been increased as the value of rupee has devalued against the US dollar. After the recent hike, the rate of... Read more »
  • Govt committed to build strategic reserves of essential commodities: Tarin
    ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has presided over the meeting of the National Price Monitoring Committee (NPMC) held at the Finance Division, ARY News reported on Monday. Secretary Finance briefed the meeting about the slight uptick in weekly SPI, which increased by 0.03 per cent during... Read more »
  • VideoPromotion of construction sector to boost economic activities: PM
    ISLAMABAD: Prime Minister Imran Khan said on Monday the PTI government was bringing a revolution in the construction sector. Addressing the closing ceremony of three-day Interior, Construction, Electrical and Electronics Expo in Islamabad, the premier said the promotion of the construction sector would boost economic activities and wealth creation in... Read more »
  • Smart buildings: Cohesion CEO on the office of the future
    NEW YORK: Before COVID-19, Thru Shivakumar, co-founder and CEO of Cohesion, was already working on apps to convert office buildings into smart spaces, powered by technology that enables interaction with tenants through phones and computers. Since the pandemic began, however, she is learning that the smart buildings of the future... Read more »
  • Exports grow 17.3% to $2.35bn in July
    ISLAMABAD: Pakistan’s exports grew by 17.3 per cent to $2.35 billion in the first month of the fiscal year 2021-22 i.e. July as compared to last year’s same period. This was stated by Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood. He tweeted: “During the first... Read more »
  • US dollar crosses Rs163 mark in interbank
    KARACHI: The rise of the United States (US) dollar in the interbank against the Pakistani rupee continued on Monday as it crossed the Rs163 mark, ARY NEWS reported. According to details, the US dollar was traded at Rs163.05 in the interbank after witnessing an increase of Rs0.62 on the first... Read more »
  • Pfizer and Moderna raise prices for COVID-19 vaccines in EU
    Pfizer Inc and Moderna Inc have raised the prices of their COVID-19 vaccines in their latest European Union supply contracts, the Financial Times reported on Sunday. The new price for the Pfizer shot was 19.50 euros ($23.15)against 15.50 euros previously, the newspaper said, citing portions of the contracts seen. The... Read more »
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