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IBM Teams Up With Bank of America to Create Cloud Technology for Financial Services
6.11.2019
In a development that is surely going to have far-reaching ramifications for the banking and financial services industry, International Business Machines (IBM) announced today that it had created a financial services centric cloud technology in partnership with Bank of America. It is a significant...
New Hire to Head Digital Currency Research at the US Fed
5.11.2019
The United States Federal Reserve is looking to employ a Manager, Retail Payments, part of whose responsibilities will be to oversee the research of digital currencies and distributed ledgers. The job ad has been published amid pressure from Capitol Hill to explore the possibilities of issuing...
Standard Chartered & IFFCO Completed Palm Oil Trade Using Dltledgers Platform
5.11.2019
In a development that could eventually have far-reaching implications for businesses, IFFCO Singapore and Standard Chartered completed a palm oil trade using the blockchain platforms powered by dltledgers. The deal in question was not only about palm oil but also its extracts. However, the more...
Rwanda’s Plan Momentum Rise to Become Financial Hub in Africa
5.11.2019
Over the past few years, the African country of Rwanda has made a conscious effort to become one of the key financial hubs in the region, and it seems that its plans are finally taking shape. It has emerged that the Rwandan Government’s highly ambitious projects, Kigali International Financial...
Edoardo Battista Ancora Joins BDO Advisory to Focus on Financial Advisory Services
5.11.2019
Key appointments in the world of finance are always big news, and one such came about today after it was announced that Edoardo Battista Ancora has decided to join Luxembourg based BDO Advisory. Ancora is well known for his experience in both financial advisory services and in corporate finance...
How Blockchain Disrupts Global Business | Sibos 2019
5.11.2019
Cointelegraph travelled to London to learn why businesses are now experimenting with blockchain technology
The North American Bitcoin Conference Returns
4.11.2019
Pioneers of the global Bitcoin and blockchain community will converge in Miami for a historical conference, continuing to propel cryptocurrency from niche to mainstream. Now in its seventh year, The North American Bitcoin Conference is the longest-running and most attended finance conference...
Morningstar Announces Its Plans to Acquire AdviserLogic to Empower Investor Success
4.11.2019
In a new development that could make big waves in the Australian finance industry, Morningstar, Inc has announced that it has agreed to acquire adviser software company AdviserLogic. The acquisition is being made through Morningstar Australasia Pty Limited, subsidiary of Morningstar, Inc. According...
Global Finance Magazine Names Trade Bank of Iraq (TBI) as “Safest Bank in Iraq”
4.11.2019
When it comes to accolades in finance and banking, then there are very few that can match up to those provided by the influential Global Finance magazine. In a new development, a magazine named the Trade Bank of Iraq as the safest bank in the country, and the verdict was reached in the exclusive...
Billion Dollar Bitcoin Lawsuit Continues as Craig Wright Breaks Settlement
3.11.2019
In early September, the high-profile court case Kleiman v. Wright looked as though it was coming to an end as the two parties reached a non-binding settlement. Then on October 30, without much notice, Wright explained that he couldn’t finance the settlement and the agreement was broken....
IIMB Partners with Gabelli School of Business for Launching an Executive Education Programme
3.11.2019
The iconic management college, the Indian Institute of Management Bangalore (IIMB), has unveiled the news of its highly anticipated Executive Education Programme focused on ‘Digital Disruptions and Emerging Technologies in Financial Services.’ The premier educational institute has collaborated with...
CME Group Publishes Bitcoin Options Specifications
2.11.2019
In mid-September, the foreign exchange company CME Group announced the launch of options on its bitcoin futures contracts in Q1 2020, pending regulatory review. CME Group executive Tim McCourt said there was “increasing client demand” for the firm’s bitcoin derivatives and now...
Ways to Get Money to Finance a Small Business
1.11.2019
Entrepreneurs are coming up with new ideas every day. Some of these ideas are unique, and they have a high chance of thriving in the business world. Actualizing and implementing a plan for a small business is not a walk in the park. The majority of people with such ideas get stuck when it comes...
SBI’s Crypto-Focused Venture Capital Arm Sees Major Turnaround On Year
1.11.2019
SBI’s crypto affiliate SBI VC Trade saw a $7 million loss turn into a $30 million profit from H1 FY2018 to H1 FY2019
Belgian Finance Watchdog Ups List of Suspected Crypto Scams to 131
31.10.2019
The Financial Services and Markets Authority has issued another warning about cryptocurrency trading sites that may be fraudulent
Indian Crypto Trading Volumes Accelerate on Positive Sentiments
28.10.2019
Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users. Also read: Mistakes Crypto...
Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland
26.10.2019
Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read:...
McKinsey: Majority of Banks May Not Be Economically Viable
25.10.2019
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn....
Financial Officer at SKM Recycling Jailed for Siphoning Off $168,000
25.10.2019
In a new development that will come as a shock for Australian businesses, an employee of SKM Recycling has been jailed for having swindled $168,000 from the company. The employee in question, Delwyn Burgess siphoned off company money and then transferred it to personal accounts. She was employed...
State Bank of India Chief Argues Crypto Regulation Is a Must
25.10.2019
The chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.C., with Finance Minister Nirmala Sitharaman. Also read:...