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News 

The CEO of Careem explains how the company is scaling up to beat Uber in a quickly growing market

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“But scaling up a unicorn company in a region relatively removed from the world’s tech startup scene hasn’t been without its quirks” writes Graham Rapier for businessinsider.com. For now, Sheikha seems content with Careem holdings its own — and says the company has the cash and ambition to continue to grow.Multiple Careem drivers have been killed in recent months, and Sheikha spoke candidly about how the company is working to improve safety for both riders and drivers.Many Uber drivers in the US have complained there is often no direct way…

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Markets News Stocks 

Pimco: The ‘sugar rush’ is almost over, so it’s time to ‘de-risk’ and raise cash

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“Who invited Pimco to this stock-market party?” writes Shawn Langlois for marketwatch.com. That’s Mark Kiesel, Pimco’s global credit chief investment officer, throwing a wet blanket on what’s been a gloriously bullish start to 2019.In a Bloomberg interview Thursday, Kiesel warned a troubling combination of mounting U.S. debt, touchy relations with China, and a deceleration in global growth could cause a spike in volatility VIX, +5.56% after a streak of calm.He explained that overbought conditions can be found in all major asset classes, as the stock market “has priced in a…

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News 

Bankrupt businessman set fire to £70k cash after telling creditors he would rather burn the money than pay them, court hears 

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“Instead, he decided to remove the money in cash from his bank account, in order to burn it, a court heard” writes Tom Harris for telegraph.co.uk. The court heard he turned his cash to ash rather than pay £30,000 costs to a firm who handled his bankruptcy.A bankrupt businessman burned £70,000 rather than hand it over to officials, a court heard.Lowes-Bird ran an outdoor adventure and paint-balling centre near Llanelli, west Wales, before having money problems in 2014. Source: telegraph.co.uk

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Crypto News 

Coinbase Adds Bitcoin Cash Support to Wallet App

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“United States-based cryptocurrency exchange and wallet service provider Coinbase has added support for Bitcoin Cash (BCH) to its Coinbase Wallet, according to an announcement published on Feb. 19” writes Max Yakubowski for cointelegraph.com. The update states that users can now store Bitcoin Cash on Coinbase Wallet, adding: As Cointelegraph wrote in August 2018, Coinbase Wallet was introduced as a rebranding of the firm’s open source decentralized app (DApp) browser and wallet, formerly called Toshi.Earlier this month, Coinbase added support for Bitcoin (BTC) to its Wallet app.The rebranded wallet has several…

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Crypto News 

Startups-Focused Law Firm Now Accepts Bitcoin Cash Payments

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“The corporate law firm, which has helped over 300 startups raise more than $500 million in venture capital, now accepts direct cryptocurrency payments via Bitpay” reports bitcointoday.club. We speak our clients’ language and now accept payment in their preferred currency.” What do you think about law firms accepting bitcoin payments?. Cryptocurrency ventures that don’t wish to convert their holdings to fiat can now pay for legal services with bitcoin cash (BCH) or bitcoin core (BTC) with Atrium.Also Read: Wikipedia Now Accepts Bitcoin Cash Donations via Bitpay Atrium, a legal services…

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Crypto News Platforms 

Financial Firm Offers ‘Almost Instantaneous’ Loans Up to $30,000 With Crypto as Collateral

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“A financial company is giving crypto holders the opportunity to take out cash loans while using their digital assets as collateral” writes Connor Blenkinsop for cointelegraph.com. Meanwhile, YouHodler believes its product helps traders leverage their crypto portfolio with additional cash in order to buy further digital assets.Six cryptocurrencies are accepted as collateral, including Bitcoin, Litecoin, Ethereum, XRP, Bitcoin Cash and BSV. Others, including XLM, Dash and ZCash, are said to be in the pipeline. Instead, the platform wants to adopt a more user-friendly, fast and sustainable approach than old-fashioned institutions…

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News 

Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

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“With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear” reports pymnts.com. Yet, another key factor behind faster payments’ inability to accelerate supplier payments, both across Europe and in the U.S., is a lack of remittance data, he said.Addressing the remittance data gap may certainly help to spur adoption of digital and faster payments in the B2B arena.Companies weren’t any better off after faster payments.” One…

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Crypto Markets News 

Bitmain Announces Energy-Efficient ASIC Chip for Mining Bitcoin and Bitcoin Cash

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“Chinese mining giant and ASIC hardware producer Bitmain has announced its next generation 7nm (nanometer) ASIC mining chip, according to a press release published on Monday, Feb. 18” writes Ana Berman for cointelegraph.com. The new mining hardware, BM1397, is designed for mining cryptocurrencies that use the SHA256 algorithm for their proof-of-work (PoW), such as Bitcoin (BTC) and Bitcoin Cash (BCH).For instance, Japanese internet giant GMO Internet Group revealed it was leaving the Bitcoin mining hardware sector in December 2018, citing the significant Q4 losses.Other major mining companies are also facing…

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