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South Korea to Shug off WTO’s ‘Developing Nation’ Tag
25.10.2019
In a new development that could set a precedent for many other countries, the government of South Korea today announced that it is going to voluntarily drop the ‘developing’ nation tag at the World Trade Organization. Over the years, there has been a lot of discussion about the fact that there...
Number of Americans Owning Crypto Doubled in 2019: Finder
25.10.2019
The number of Americans owning some form of crypto has almost doubled in 2019, according to a survey by Australia-based firm Finder
Náklady rostou: Vývoj Mars Roveru 2020 by mohl vysát finance na jiné mise
25.10.2019
Náklady rostou: Vývoj Mars Roveru 2020 by mohl vysát finance na jiné mise
Data Protection Firm ZIVVER Brings Its Services to the United Kingdom
24.10.2019
Data protection is one of the most important considerations for the finance industry, and in that regard, Dutch firm ZIVVER has emerged as one of the better-known service providers over the past few years. In a new development, ZIVVER has announced that its services are now going to be available...
Singapore Courts Slap Charges on Three Cases of Financial Crime
24.10.2019
Singapore has grown into one of the world’s most important financial hubs over the past decades, and at the same time, the city-state is also well known for being very tough on financial crimes. Within one single day, the courts in Singapore slapped charges on three separate cases of financial...
Belarusian Bank Gets the Go-Ahead to Service Crypto Investors
23.10.2019
A bank in Belarus has effectively gotten the green light to process transfers related to digital assets. DFS, an affiliated company of Belveb Banking Holding’s member VEB Technologies, was recently registered as a resident of the High Technologies Park. The country’s special economic...
How Centralized Payment Systems Learned to Accept Decentralized Cryptocurrency
23.10.2019
They might not be shouting it from the rooftops, but fiat payment gateways are no longer the enemy of bitcoin. Hostilities have ceased, the bad blood has been let, and today the fiat and crypto worlds are bridged and doing business. Despite the two systems sporting opposing aims and architecture...
Ex-Bankers Offer First Hot Wallet for Institutional-Grade Crypto Finance
23.10.2019
A simple, insured wallet lets customers store smart contracts and crypto simultaneously
SoftBank Takes Control of WeWork; Announces $5 Billion Financial Package
23.10.2019
The cancellation of the WeWork IPO has been one of the biggest business sagas of the year, and it seems a resolution has finally been reached. It has now emerged that SoftBank, which was the biggest investor in the co-working space startup, has picked up 80% ownership of the company...
The Federal Reserve Makes a Big Move Into the US Treasury Bill Market
23.10.2019
The United States Federal Reserve is all set to wade into the US Treasury Bill market in a big way and could end up owning as much as 12% of the existing market. The estimates have been provided by forecasting firm Oxford Economics. Considering the current threats to the economy and dangers of...
Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial
23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...
BDC Capital and iA Come in As New Investors to Boost Luge Capital Value to $85 Million
22.10.2019
In a fresh development, Canada based Fintech firm Luge Capital has announced that it has attracted investments from iA Financial Group and BDC Capital. The fresh investment from these two groups has brought the entire size of Luge Capital to $85, and it goes without saying that it is a significant...
TransferWise Eyes Middle East Expansion with New Abu Dhabi License
22.10.2019
British money transfer firm TransferWise has grown by leaps and bounds over the past few years and now the company is eyeing an expansion in the lucrative Middle Eastern market. To that end, the company is possibly going to use its newly acquired license for operations in Abu Dhabi. The company...
Cashaa Launches Banking Solution for Indian Crypto Owners
22.10.2019
Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service allows users to deposit up to 1 crore rupees (~$141,012) per month to purchase cryptocurrencies....
Japan’s Third Largest Bank Completes Blockchain Trade Finance Test
22.10.2019
The third largest bank by assets in Japan, is set to begin utilizing R3's Marco Polo trade finance blockchain on a commercial basis by the end of 2019
Blockchain Firm Algorand Announces Sharia Certification for Islamic Finance
21.10.2019
Blockchain firm Algorand announced that it is now certified for Sharia-compliant financing by Bahrain’s Shariyah Review Bureau
Former Chief of Bank of England Warns World Economy is ‘Sleepwalking’ Into a New Financial Crisis
21.10.2019
Over the past months, many experts and policy-makers have voiced their concerns over the state of the world economy. In a new development, the former governor of the Bank of England, Mervyn King has stated that the global economy is heading towards a new financial meltdown. He actually used...
What Role Should Central Banks Have Launching Stablecoins Like Libra?
21.10.2019
Facebook wasn’t prepared for the backlash associated with Libra. But should central banks have a role in helping the stablecoin launch — and if so, what? #Sponsored
Fed’s Push for a Faster Payment System Could Create Difficulties for the Small Banks
21.10.2019
On Monday, the Federal Reserve Board announced that it is planning for a fast payment service known as FedNow. It is going to be a payment service that will facilitate and settle payments in real-time. Considering the way in which Fintech has grown, it is only natural that the Federal Reserve...
Indian Finance Minister Answers Crypto Questions at IMF Meeting
21.10.2019
At an IMF and World Bank meeting, Indian Finance Minister Nirmala Sitharaman talked about cryptocurrency and stablecoins when asked about Facebook’s Libra digital currency project. RBI Governor Shaktikanta Das also addressed the subject at the conference. Also read: Indian Supreme Court...