Sign in

The global pandemic has triggered a boom in online communication solutions. Stock values of platform providers such as Zoom and Slack skyrocketed. As more and more bosses recognized the benefits of home office work world-over, more and more people came to terms with the new realities of online communication.

Having been around for a few years, we are in the perfect position to exploit this newfound need for meaningful and productive online communication. From the perspective of traders, our platform is the best alternative for most of these new online communication “rock stars” and more.

As a trader, you have…


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 news headlines popping up on the internet.

The mentioned group of Redditors comprises the members of an infamous subreddit called WallStreetBets. For those into equities trading, this name may be familiar. It is probably the largest online group of people discussing trading ideas, mostly lacking any financial background or knowledge…


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 Benzinga Fintech Listmakers is comprised of 250 carefully vetted and renowned companies and executives who are striving to revolutionize the fintech industry.

“We’re recognizing the companies that will define the future of our financial lives” says Benzinga CEO Jason Raznick.

This list of carefully selected companies will be honored each…


“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 of any authority, and that by now, it is arguably immortal, is just the cherry on the cake.

For those who understood the potential of Bitcoin, it has, however, promised much more since the very beginning. …


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 demise has been one of the most significant of the year thus far. And there have been indeed quite a few high-caliber bankruptcies in this COVID-19-ridden economy.

Photo credit: Hertz.com Blog

Back in March 2020, Hertz laid off some 12,000 workers and furloughed a further 4,000, in an effort to adapt to the new…


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.”

Together with the recent launch of its new platform, the trade-marking of the slogan has solidified Echofin’s position as the best provider of trading-focused communication and cooperation services.


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.

The creator(s) of bitcoin encoded The Halving in the bitcoin algorithm as a feature.

What is the Halving and how does it Work?

The halving is the part of the bitcoin algorithm that distributes the coins. The pseudonymous creator of the digital currency/payment system, Satoshi Nakamoto, did not insist on explaining the halving. …


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.

Photo credit: Gage Skidmore

Later, he specified that the suspension would be a 60-day one initially and that it would only affect certain categories of immigrants. He would then re-assess the effects of the order and extend or curb the suspension as deemed needed.

Immigration has long been one of President Trump’s favorite issues. Now, with COVID-19 wreaking havoc across the country, he has dusted it off yet again. …


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 predictive. They always look to price in the likely future.

Where does the S&P 500 go from here? Are there any parallels between the current crisis and the 2008 global economic downturn? Is it time to get greedy, snapping up stocks at a major discount yet?

  • Similarities between the COVID-19…

SARS COVID-19, a coronavirus originating from China’s Hubei province has wrought havoc upon the global economy in a remarkably short time.

Photo by Markus Spiske on Unsplash

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. It has slowed down to a degree not seen even during the 2008 global economic crisis.

echofin

Where Traders Meet

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store