We have all heard the news. Whether you work in the financial industry or not, you probably know about the recent events that turned heads across countries, industries, and age groups. “A group of Redditors trolled Wall Street which eventually led to people losing billions” is one example of clickbait…

NEW YORK — On Nov. 10th, 2020, Echofin Inc. was named to the Benzinga Global Fintech Listmakers and recognized as Best Financial Literacy Tool. To honor it’s sixth anniversary, Benzinga is honoring the winners for the advancements they’re making in financial technology in a new and improved way. The official…

“I see Bitcoin as ultimately becoming a reserve currency for banks, playing much the same role as gold did in the early days of banking.” — Hal Finney. Cryptocurrencies promise effective trust minimization, pseudo-anonymity, and “permissionlessness”. The fact that the true crypto blue-chip, Bitcoin, does not fall under the control…

In this article, we take a closer look at some of the factors that led to this high-profile bankruptcy, and the post-bankruptcy efforts to contain the meltdown. Founded in 1918, on the back of a fleet of 12 Model Ts, Hertz grew into one of the largest auto rental companies in the US. It filed for bankruptcy on May 22, 2020, after more than 100 years in business. Saddled with around $23 billion of net debt, Hertz’s…

Echofin Trademarks “Where Traders Meet” Slogan New York, June 2nd, 2020. Trading-focused communication platform Echofin has succeeded in trade-marking its longtime slogan “Where Traders Meet”. Echofin has used this slogan since its inception. Since the platform is dedicated solely to bringing traders and trading teams together, the slogan is indeed an accurate one. “We have been using this (slogan) from the beginning” — said Echofin’s Chief Communications Officer. “but many copycats started using it for their apps and websites, so we successfully trademarked it.”

Bitcoin miners process transactions, solve complex mathematical problems, and secure the blockchain through the work they do. As a reward for this work, they get bitcoins. For every new block, miners received 12.5 bitcoins before 19:23 UTC, May 11, 2020. Following ‘the Halving’, this reward has dropped to 6.25 bitcoins. …

A couple of days ago, US President Donald Trump announced that he would suspend immigration to the US. He said he aimed to accomplish the deed through an executive order. Later, he specified that the suspension would be a 60-day one initially and that it would only affect certain categories…

From its peak on February 19, 2020, the S&P 500 dropped some 29 percent in four weeks. It then rebounded on March 23. Several smaller bounces preceded this “proper” rebound. Now, almost three weeks after the turnaround, it is safe to call the March 23 low of 2,237, a more or less “solid” bottom. Or is it? The drop was the result of COVID-19’s global economic impact. Or rather, that of the pandemic-fighting measures instituted world-over. With the global economy still in suspended animation, the rally the markets are currently seeing might not make logical sense to some. Let us not forget, however, that the markets are…

SARS COVID-19, a coronavirus originating from China’s Hubei province has wrought havoc upon the global economy in a remarkably short time. — Having surfaced in late December 2019, it has thus far closed down much of the Chinese economy. Europe is now the global epicenter of the coronavirus pandemic. Business activity in Europe has taken a major hit. …