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Microsoft and Apple Join Second Vision Fund of SoftBank
26.7.2019
SoftBank Group has probably been the biggest driver of growth in the tech space over the past decade or so. It has backed some of the most interesting startups all over the world and has managed to grow them into behemoths. The company had made investments in companies like Uber and We work among...
Huobi Receives Digital Asset Trading License From Finance Ministry of Thailand
26.7.2019
Crypto enthusiasts in Thailand have a reason to rejoice. According to the latest reports, Huobi has now been granted the Digital Asset Trading License by the Finance Ministry of Thailand. The license has been given to the Thailand subsidiary of Huobi, called the Huobi Thailand, making it only...
Amazon Seeks Stable E-Comm Policy and Engaging With Indian Government
26.7.2019
Earlier this year, Amazon India and other e-commerce firms had run into trouble due to a new set of regulations that had been introduced by the Indian government. However, the company is no longer taking any chances and is currently engaging regularly with the government, to ensure that...
Private Equity Group Advent Acquires Cobham for £4 Billion in Cash
25.7.2019
Defense supply is one of the biggest industries in the world and it is perhaps the only industry that is recession-proof. It doesn’t matter whether a nation is going through an economic downturn, but it is going to continue to spend on its defense. As a matter of fact, defense expenditure at...
Masterchef Australia Hosts in Multi-Million Dollar Deal Talks with Netflix and Amazon
24.7.2019
For as long as television has existed, cooking shows and competitions have been an integral part of its. In that regard, the Masterchef franchise has been one of the most famous ones of the past decade and a half. Over the past decade or so, Masterchef Australia became the most famous show from...
Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing
23.7.2019
The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report...
UK Finance Watchdog Mimicked in Crypto Scam Email
23.7.2019
British regulator, the Financial Conduct Authority, is being impersonated in an email promoting a cryptocurrency scam
Microsoft Settles Bribery Charges in Hungary with $25 Million Fine to Federal Government
23.7.2019
When it comes to some of the biggest companies in the world and their quest to expand into new markets, then there is always a possibility of resorting to unfair means. It can especially crop up if a country is trying to expand into new countries and having very little idea about the ways...
The Myth of Authority: Mnuchin Denies USD Is Used Criminally
22.7.2019
U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of...
Google All Set to Take on Amazon with Launch of New Shopping Portal
22.7.2019
Over the past decade, Google has looked on as Amazon cornered the e-commerce market in its own inimitable way and considering the sheer size of the market, it was not going to stay away from the market for long. As a matter of fact, Amazon had even become a major threat for Google when...
G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra
20.7.2019
G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation. Also read: G20 Leaders Issue...
Indian Government Breaks Silence on Crypto Regulation
19.7.2019
The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation...
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
German Finance Minister: Facebook Shouldn’t Be Allowed to Compete with the Euro
16.7.2019
“The issuance of a currency does not belong in the hands of a private company," according to Germany's finance minister
Google Heads Back Into Social Media with New Venture Named ‘Shoelace’
15.7.2019
There are very few tech-related products in which Google has failed spectacularly, but social media is definitely one of those. Social media has become an industry worth hundreds of billions of dollars due to companies like Facebook, Twitter, and others. However, Google could not make a mark in...
PR: Cred and Bitcoin.com Join Forces to Boost Crypto Lending
15.7.2019
By John Yearwood Cred Correspondent Amid a dramatic Bitcoin bull run, two of the most influential names in the blockchain finance industry have launched a platform to expand global lending and earning on investments in cryptocurrency. The partnership between Bitcoin.com and Cred allows Bitcoin.com...
How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
14.7.2019
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion...
Facebook Reaches $5 Billion Settlement with the Federal Trade Commission
13.7.2019
Facebook has found itself in a whole range of problems over the past couple of years, and many of the problems struck at the very heart of its business. Other than issues related to failure to block advertisements bought by Russians in the lead up to the United States Presidential elections, there...
‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders
12.7.2019
P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically...
100,000 Employees to be Retrained by Amazon in New Plan
12.7.2019
Amazon has grown into one of the world biggest companies with a market capitalization touching $1 trillion in a matter of around two decades, and it has managed to achieve such hyper growth due to the sort of innovation it brought into a new industry. For a company to grow at such a breakneck pace...