Tag Archive : Money

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(Bloomberg) — Mercari Inc., the online flea-market operator that has become one of Japan’s most closely watched tech ventures, is closing in on new highs as the stock has drawn both big and small money.

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The company has already grown to command the largest weighting on Japan’s startup-focused Mothers index as individual investors buy in — of some 230 of the largest Japanese companies with market value of over $5 billion, Mercari has the third-highest percentage of individual shareholders. Then on Oct. 7, Los Angeles-based money manager Capital Group declared it had taken a 5% stake in Mercari.

That’s helping propel the stock to near the 6,000 yen mark it hit just once, on the day it listed to great fanfare in 2018. After a rapid decline, the stock has worked its way back up this year, fueled by its first quarterly operating profit. That’s been helped by

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A major hack that compromised Uganda’s mobile money network has plunged the country’s telecoms and banking sectors into crisis.

The Oct. 3 hack was a result of a security breach on a consumer finance aggregator, Pegasus Technologies, which mainly affected bank to mobile wallet transfers, according to an Oct. 8 statement by MTN Uganda, the country’s largest mobile phone company. Kampala-based Pegasus Technologies provides financial and billing solutions for various companies including all the affected entities.

At least $3.2 million is estimated to have been stolen in this latest incident with some reports quoting a much higher figure. The hackers used around 2,000 mobile SIM cards to gain access to the mobile money payment system, according to local papers. They then instructed the banks to transfer millions of dollars to telecommunication companies who then paid out mobile money to these different SIM cards across the country.

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The Money Reimagined Podcast

After reading this newsletter, make sure you check out the latest edition of our podcast. 

This week, Sheila Warren and I talk to Hyperledger Executive Director Brian Behlendorf about self-sovereign identity, the topic of the column below. A developer whose three-decade career has seen him deeply involved in efforts to foster a more open internet, Brian grasps, like few others, the nuances of how human beings should live within a rapidly changing digital economy.

Getting internet identity right, 30 years on

We tend to think of governments, with the data they collect on births, drivers licenses, tax returns and passports, as humanity’s primary identity managers. 

Arguably, internet platforms have usurped that role. Some store more identifying records than China – Facebook has 2.7 billion active users; Google manages 1.5 billion email accounts. Just as important, they can tie those records to our online behavior and gather

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When talk of a possible TikTok ban began in July, the leaders of a small social video app called Triller saw a growth opportunity.

To attract users, the company set its sights on TikTok’s biggest names. Some of the Sway Boys, a group of TikTok influencers, had been toying with the idea of building their own app to compete with TikTok, but after a discussion with Ryan Kavanaugh, the majority owner of Triller and a veteran entertainment executive, they decided the platform could be good for them.

Triller offered the creators a deal: Tell your audience on TikTok that you’re moving to Triller, and we’ll give you equity and roles within the company. You can still post on TikTok, they were told, but only if you post on Triller more frequently. In turn, of the Sway Boys, Josh Richards, 18, was named Triller’s chief strategy officer, and Griffin Johnson, 21,

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When Jack Ma launched an obscure payment service to boost his online shopping empire 16 years ago, few expected it to succeed. Now that service forms the backbone of Ant Group, a financial behemoth that could be worth more than $200 billion.



graphical user interface: People visit the INCLUSION Fintech Conference organized by Ant Group and Alipay at Expo Area on September 24, 2020 in Shanghai, China. (Photo by VCG via Getty Images)


© VCG/Visual China Group/VCG via Getty Images
People visit the INCLUSION Fintech Conference organized by Ant Group and Alipay at Expo Area on September 24, 2020 in Shanghai, China. (Photo by VCG via Getty Images)

Named after a bug because of its founder’s belief that “small is beautiful, small is powerful,” Ant Group is anything but tiny in China. It’s gearing up for a highly anticipated public offering in Hong Kong and Shanghai that could mark the second time Ma sets a record for the biggest IPO ever.

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“Ant Group really is the crown jewel of Jack Ma and … of China’s internet industry,” said Edith

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Cardi B and Megan Thee Stallion’s “WAP” no longer rules the U.K. singles chart, as there is a new champion on the European nation’s ranking of the most-consumed tracks. 24kGoldn and Iann Dior’s “Mood,” a tune that has conquered the world in the past month or so, rises to No. 1, giving both acts their debut leader in the country. As that cut surges, “WAP” declines to No. 2 after a trio of turns on the throne.

Two tracks enter the top 10 on the U.K. singles chart for the first time this frame, with one rising into the region while another debuts there.

Steady at No. 3 behind 24kGoldn, Iann Dior, Cardi B and

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NonProfit PRO recently released a study called “2018 Nonprofit Leadership Impact Study: A Look at the Challenges Nonprofit Leadership Is Facing and How to Address Them.” One of the findings of that report was the fact that:

  • 63 percent of respondents to their survey stated that digital fundraising accounted for less than 20 percent of their total revenue.
  • 20 percent of those who responded said that digital fundraising accounted for 21 to 30 percent of their total revenue.

Not prioritizing technology is a missed opportunity!

Why Mobile Matters

I say it often, mobile, mobile, mobile. It’s all about mobile, and in the quick-paced environment of today, even in the nonprofit sector, the organizations that are succeeding are those that are putting aside the traditional fundraising solutions and embracing technology fully, especially and including mobile.

As reported by August Ash about global mobile facts, in October of 2016, there was more … Read More

This book so well -written that it actually condenses and easily organizes the insane amount of information that is already available online about making passive income. The problem with the internet, and making money online – is that everyone tries to take something simple and make it complex so they can make it “their own” and rebrand it to sell it to people like me.

But not this book. This was a straight shooting, get your hands a little dirty and set up your successful website for making money online. It took all the “noise” that is available out there and easily condensed it for people like me and you to understand and achieve success from. It’s a top quality – easy read book with great ACTIONABLE content.

Another reason I liked Mr. Omar’s book is that he doesn’t try to get you to sign up for paid services. A … Read More

Technology is slowly infiltrating into all things within the society and has led to a great change in how we entertain, work and live our lives. The internet is disruptive in nature and the change has been exponential in its rate over the recent past.

With this technology at hand, everyone all over the world is trying hard to access it with tools such as online search and social media. Many people are trying hard to find, out just how they can use technology that is available in the internet so as to make money online.

How easy is it?

To be truly honest, if you want to make money online, then you should realize that it isn’t an easy thing. There is a lot of competition today and people trying to capture our attention. This is what has made it very hard to sift through the internet so as … Read More

Starting an online business can be freeing if the entrepreneur knows what they are doing. But what does a new entrepreneur do if they are not experience in online business? The key to an online business is to leverage how to make money online with a website.

The online business website is the heart of any Internet-based business and all detailed pertaining to the website need to be handled with care. Therefore, online business owners should take special care to create a website in a profitable market (also known as a niche), market the website properly using traffic generating techniques and have calls for action so that consumers will follow through with purchases.

Read on for a break down of the previous steps for more detail.

Selling products using your website

Online entrepreneurs have millions of online products that can be marketed that will translate into paid commissions. Companies like … Read More