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Young people want to learn more about personal finance at school, and many are worried about leaving full-time education without the money skills required for adult life, new research from GoHenry, the prepaid debit card and financial education app, has revealed. Half of the 18-year-olds who have received financial education in school don’t think it was enough to make them confident with managing money as adults, says GoHenry. It also found that 68 per cent of young people the same age are worried about leaving school with no money skills at all. However, this issue goes beyond just those set to leave school within the next year. In fact, 49 per cent of secondary school kids and 42 per cent of primary school kids surveyed are already worried about leaving school without sufficient financial education. As the Education Select Committee prepares to deliver its recommendations for how financial education could be strengthened in schools, it’s clear that young people think what they currently learn needs to be reformed. A huge 84 per cent say that financial education is equally or more important than core subjects like Maths, English and Science. GoHenry’s research comes as its Parliament petition to #makemoneycount by making financial education compulsory in all schools from primary age concluded with over 12,500 signatures. What do kids actually want to learn about? When asked what money topics they would most like to learn about in school, the most popular amongst six to 18-year-olds were: How to save money – 46 per cent How to buy a house (e.g. mortgages) – 34 per cent How to earn money/build a career – 34 per cent How to create a budget – 31 per cent How to use a bank account – 31 per cent The eagerness to learn about saving and mortgages may be a result of kids looking ahead to major life milestones like homeownership. Retirement is already on the minds of young people too, as 26 per cent of 18-year-olds want to learn about pensions in school. Louise Hill, co-founder and CEO at GoHenry Louise Hill, co-founder and CEO of GoHenry, said: “If financial education was compulsory in all schools, it could make a huge difference to the next generation and it’s clear that kids and teens are acutely aware of this too. “The fact that kids as young as primary school age are worried about their money skills is yet more evidence that financial education must begin earlier. We’ve heard from parents, teachers, industry bodies and organisations on this debate but now the Government must listen to these young voices and prioritise the practical money skills they need – and want- to navigate the adult world successfully.” When it comes to how much financial education they want, on average, kids and teens said they would like to spend 45 minutes learning about money at school each week, with 18 per cent wanting to extend that to one to two hours per week, increasing to 29 per cent for 18-year-olds. The post Make Financial Education Law, Urges GoHenry; as 68% Fear Leaving School Without Money Skills appeared first on The Fintech Times.
The post Will Ethereum-Based Tokens Rebound As Top Altcoins Stumble Again? appeared first on Coinpedia Fintech News The cryptocurrency industry continues to record bearish sentiment as top altcoins continue struggling to hold prices above their crucial support levels amid the ongoing market correction. Further, the leader of altcoins, ETH price, hovers close to the $3K mark, indicating a weak price action. Following this, the newly launched altcoins on the Ethereum blockchain have displayed a mixed sentiment by recording significant price volatility in their respective portfolios. Is this the right time to invest in these low-cap altcoins to maximize your profits post-Bitcoin Halving? Ondo (ONDO): Launched with a price tag of $0.10 on 18th January 2024, the Ondo token displayed a massive surge of over 500% within the first two months, from $0.10 to $0.60. Following this, the volatility in the market increased, resulting in the Ondo token displaying a neutral trend for a while. TradingView: ONDO/USDT The ONDO token has an all-time high (ATH) of $1.05 and currently trades at a discount of approximately 26% since its high. Despite the ongoing market correction, the Ondo price has recorded a correction of less than 5% over the past week and positively it has added over 47% within the past 30 days. The Moving Average Convergence Divergence (MACD) displays a constant red histogram in the 1D time frame, indicating a weak positive sentiment in the crypto space. Moreover, the averages show a high possibility of a bullish convergence, suggesting uncertainty in the Ondo token price action for this week. However, if the bulls push the price above the resistance level of $0.80925, the bulls will regain momentum and prepare to test its upper resistance level of $1 this month. Conversely, bearish price action may pull the price toward its low of $0.61 in the coming time. Omni Network (OMNI): The Omni Network token officially made its first appearance in the cryptocurrency industry on 17th April. Following this, the OMNI token gained significant attention from the market, resulting in the Ethereum-based token recording a high of $54.24 within the first few hours of its launch. TradingView: OMNI/USDT However, the bulls lost momentum at that point, after which the price recorded a correction of approximately 54% in valuation. Since then, the price has been trading in a closed range between $23.10 and $33. The technical indicator, MACD, shows a rising green histogram in the 15m time frame, indicating a bullish influence for the altcoin in the market. Furthermore, the averages display a significant rise, suggesting a positive outlook for the OMNI price this week. If the market continues to gain momentum, the OMNI price will prepare to test its resistance level of $33 in the coming time. Negatively, a bearish reversal may result in the price testing its new low of $11.55.
The post How Will Bitcoin Halving Impact Top Cryptos appeared first on Coinpedia Fintech News The 2024 Bitcoin halving is just around the corner, causing a stir in crypto circles. People are buzzing about its impact, such as its impact on Bitcoin miners – the event will cut in half the rewards miners get for verifying transactions. But its effects might not stop there – it could also shake up Altcoins. You might be wondering how a Bitcoin event could rattle other cryptocurrencies. Let’s dive in and see if Altcoin holders have reason to fret. 1. Bitcoin Halving Explained Bitcoin halving is a big event in the Bitcoin world and it happens about every four years. It is part of how Bitcoin works, and it is all about cutting the reward miners get for creating new blocks in half. When this happens, fewer new Bitcoins are made, which makes them more scarce. So far, there have been three Bitcoin halvings, and the next one is set to take place in April, 2024 – in a couple of days. 2. Prime Areas Impacted by Bitcoin Halving Apart from Bitcoin miners, who see their rewards cut in half, other prime areas impacted include: Bitcoin Price The anticipation and aftermath of Bitcoin halving events often result in significant price movements, with many investors expecting increases in Bitcoin’s value due to its reduced supply. Mining Industry Bitcoin halving directly affects the profitability of Bitcoin mining operations, prompting miners to adjust their strategies and investments in response to the reduced mining rewards. Network Security Changes in mining rewards can influence the security of the Bitcoin network, as fluctuations in mining activity may impact the network’s hash rate and resilience against potential attacks. Investor Sentiment Bitcoin halving events garner widespread media attention and speculation, shaping investor sentiment and contributing to market volatility in the lead-up to and aftermath of the event. Altcoins Alterations in Bitcoin’s value and mining difficulty can have ripple effects on the broader cryptocurrency market, potentially impacting the prices and market dynamics of alternative cryptocurrencies. 3. How Does Bitcoin Halving Affect Altcoins Bitcoin halving has serious effects on Altcoins – especially Altcoin prices. It happens through several effects. The prominent ones are:   Bitcoin’s Price Goes Up If Bitcoin’s price goes up fast after halving, some people might sell their Altcoins to get more Bitcoin. This could make Altcoin prices drop. More People Get Interested When Bitcoin halving happens, a lot of people start paying attention to cryptocurrencies. This can make them interested in Altcoins too, causing more trading and price changes. Altcoins Get Better Bitcoin halving might make Altcoin developers work harder to improve their cryptocurrencies. This could make Altcoins more attractive to investors and miners, which could make their prices go up. Miners Start Mining Altcoins When Bitcoin mining becomes less profitable after halving. Some miners might switch to mining other cryptocurrencies. This could lead to more mining of Altcoins, making their prices potentially higher. Also Check Out : Santiment Reveals Top Altcoins Likely to Rebound First Amid Market-Wide Correction 4. Analysing Altcoin Ecosystem 4.1. Top Altcoins of the Month Core, Ondo, Toncoin, Bitget Token, Mantle, Neo, Bitcoin Cash, Nervos Network, WhiteBIT Coin and Dogecoin are the top Altcoins of the month in terms of 30-day price change. Altcoins 30-Day Price Change Price Core +268.8%$2.25Ondo+69.5%$0.8082Toncoin+58.5%$6.10Bitget Token +42.7%$1.23Mantle +35.1%$1.13Neo+18.9%$17.89Bitcoin Cash+14.8%$461.94Nervos Network+14.5%$0.02108WhiteBIT Coin+13.1%$9.26Dogecoin+3.7%$0.1527 Core marks the highest 30-day price change of +268.8%. Ondo and Toncoin follow closely with +69.5% and +58.5% respectively. Bitget Token and Mantle also stand among the top five list in terms of 30-day price change. Notably, none of the top players in terms of market capital find a place in the top ten list. Notable, Dogecoin, with +3.7% increase, enjoys a position in the list. 4.2. Top Five Altcoins with Highest Market Cap: Price Change Analysis Altcoins 30-Day Price Change 7-Day Price ChangePrice Ethereum -15.6%-13.6%$3,026.11Tether +0.2%+0.1%$1.00BNB-5.8%-8.6%$534.86Solana -35.9%-21.6%$132.09USDC-0.0%-0.2%$0.9985 The 30-Day price change of Bitcoin stands at -8.1%, and its 7-day price change at -9.3%. The top Altcoins with highest market capital, it seems, also follow the same trend. Ethereum marks an unimpressive 30-day price change of -15.6%, though the worst in terms of this index is Solana, with -35.9% change. The second largest cryptocurrency in terms of market capital after Bitcoin, Ethereum, also suffers a negative 7-day change of -16.6%. Here too, the worst is Solana, with -21.6%. Stablescoins, for its nature, remains stable. None of the others shows any impressive performance. 4.3. Top Five Altcoins with Highest Market Cap: Historic Data Analysis The 1st Bitcoin Halving was on 28th November, 2012. The second happened on 9th, 2016. And the previous one was on 11th May, 2020. Let’s see how the prices of the top Altcoins reacted a day after the previous event and one month after the previous event. Altcoins Price on the Day of the Event A Day After the Event One Month After the Event Ethereum $185.67$189.31$232.00Tether $0.999563$1.002$0.999710BNB$15.08$15.74$16.31Solana $0.513923$0.53343$0.571998USDC$0.996559$0.998483$1.002 The above data clearly shows that all the top five cryptocurrencies have experienced a positive moment just a day after the event, and it trend continued even a month after the event. Read Also : With Bitcoin Halving Few Hours Away: Bitwise CEO Predicts Bitcoin Price To Hit $100k Soon 4.4. Top Five Altcoins with Highest Market Cap: Technical Analysis   Ethereum, Tether, Binance Coin, Solana and USD Coin all demonstrate varying levels of stability and potential for growth. Ethereum, despite recent fluctuations, shows resilience with its broad market participation. Tether maintains stability as a stablecoin. Binance Coin and Solana exhibit potential for upward momentum, although both face challenges with recent bearish trends. USD Coin, while stable, faces minor downward pressure. In the event of a Bitcoin halving, the top cryptos may experience increased attention and investment as investors seek alternatives to Bitcoin. Ethereum’s robust ecosystem and utility could lead to surge in demand, while stablecoins like Tether and USD Coin may benefit from a flight to stability. Binance Coin and Solana could see heightened interest due to their strong technological foundations and potential for growth. 5. Post-Halving Predictive Analysis: What Altcoins Can Expect To understand clearly, what Altcoins can expect after the upcoming Bitcoin halving, we should analyse how it reached in the first three halvings. For a justifiable analysis, we can ignore the first halving, because at that time Altcoins were the tiniest section of the crypto market, where Bitcoin enjoyed an extreme majority. Following the 2016 halving, Bitcoin soared by 3,000%, while struggling for six months due to lower popularity. But, in 2017, Altcoins surged as Bitcoin’s dominance waned. Meanwhile, after the 2020 halving, Altcoins didn’t witness immediate surge, but within 18 months, their market value surged from $68 billion to over $1.7 trillion, marking a 25x increase. The sustained growth in Altcoins post the last Altcoin was majorly fueled by increased crypto adoption and the entry of new investors into the market. As of April 15, 2014, the total market cap of the top 125 cryptocurrencies, excluding Bitcoin, is $254.27 billion, with a volume of $26.314 billion. We are in the pre-halving phase, similar to 2016 and 2020, hinting at potential growth in Altcoins post halving. However, an expert warns that past popular Altcoins have failed to surpass previous highs, unlike Bitcoin. The most popular altcoins from the last halving cycle have failed to surpass their previous all-time high (ATH) prices from the last cycle. #Bitcoin is the only major asset to do so.In my opinion, too many altcoin traders are taking it for granted that alts will outperform $BTC… pic.twitter.com/kKF6unAULz— Mark Harvey (@thepowerfulHRV) April 8, 2024 They caution against assuming Altcoins will outperform Bitcoin due to factors like Bitcoin’s ETF advantage. This Might Interests You : Why Past Bitcoin Halvings May Not Predict Future Prices: Goldman’s Warns Endnote The cryptocurrency market’s unpredictability necessitates vigilance. Amid Bitcoin halving, observe for potential buying chances and capitalise on sell-offs. Bitcoin halving may impact Altcoins differently; while historical trends suggest a post-halving surge in Altcoin market value, some expert opinions caution against assuming past performance will repeat. Stay attentive to market dynamics, adapting strategies accordingly to navigate potential shifts in Altcoin performance amidst Bictoin’s halving.
Glass CEO Paola Santana says digital B2B marketplace solutions can help governments streamline procurement and improve buying strategies.
If there was a theme marking the past five days of trading, after the big banks reported earnings, and as the digital lenders that populate the FinTech IPO Index showed, this was the week the platforms plummeted. Hippo Insurance slipped 14.8%, and Opendoor gave up 12.4%. OppFi slipped 12.1%. Though company-specific headlines might have been scarce, it may have been the case that macro concerns were enough to shake investors loose from their holdings ahead of the slew of earnings reports that will come across the wires in the next several weeks. The Fed seems set to hold rates higher for longer, and the banks noted that consumer spending has been volatile. Huize Stands Out Huize shares were among the few positive contributors, up 5.3%, The company said that it has partnered with Aviva-COFCO Life Insurance Co. to launch “Fu Man Jia,” a customized participating whole life insurance product. The policies are available to customers from 30 days after birth to 70 years old, with options in receiving dividend payout, including cash payment, dividends on deposit, premium reduction, or purchasing paid-up additional insurance. Upstart detailed in a release that PriorityONE Credit Union of Florida has partnered with the FinTech to provide personal loans across the communities it serves. PriorityONE became an Upstart Referral Network lending partner in April 2023. In terms of the new pact, qualified personal loan applicants on Upstart.com who meet PriorityONE’s credit policies will receive tailored offers. Upstart shares gave up 9.8%. Elsewhere, PYMNTS reported this week that Rapid Finance has teamed up with Galileo Financial Technologies on a small business financing solution. Galileo’s parent firm, SoFi, saw its shares slip 6.7%. This collaboration has created Rapid Finance’s Rapid Access Mastercard program, which Galileo manages, the companies said.  As reported, the Rapid Access Mastercard is a prepaid commercial card program that provides Rapid Finance’s small and medium-sized business (SMB) customers with a line of credit. Marqeta lost 5.5%. Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration as Marqeta is powering the Rain Card, a branded debit card that lets employers easily disburse earned wagers onto the cards. Toast detailed that it had launched its restaurant management suite with new features for multi-unit enterprise brands. These features join the company’s cloud-based digital technology platform, which is built for restaurants of all sizes and is used in more than 100,000 restaurants. One of the features added to the Restaurant Management Suite is an improved Multi-Location Management tool that enables leaders to use an expanded list of key performance metrics. The offering also enables users to schedule menu items and price changes for the future and to make changes across multiple locations. Toast shares were off by 9.7%. Janover shares declined 8.7%. The company announced this week that during 2023, it had seen a 766% increase in banking originator sign-ups and a 647% increase in credit union originator sign-ups. Approximately 11% of all active FDIC-insured banks are now represented by a verified banker on Janover’s platform, the company said. The post FinTech IPO Index Gives Up 6.4% as Platforms Plummet Ahead of Earnings appeared first on PYMNTS.com.
As Amazon and Walmart leverage film and television to drive sales, shoppable streaming efforts and partnerships are leveraged.