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Nalezeno "AI in finance": 11363

G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards

24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...

Former CFTC Chair Giancarlo Says Fed Should Create a Digital Dollar

23.2.2020
Former CFTC Chair says time for Federal to create digital dollar and Bitcoin should co-exit along with it

Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems

23.2.2020
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit...

Are the BZx Flash Loan Attacks Signaling the End of DeFi?

22.2.2020
Recent attacks on the lending platform bZx have left faith in DeFi shattered, but what actually happened? And can the sector bounce back?

Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them From Inflation

20.2.2020
Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people...

HSBC to Drop 35,000 Jobs and Invest in Digital Finance

19.2.2020
Banking giant HSBC plans to terminate about 35,000 of global jobs while doubling down on disruptive technology

Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum

19.2.2020
During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also...

Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations

19.2.2020
The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees...

What Attracts A Potential Borrower To A Particular Loan Company?

18.2.2020
Loan companies can arguably save you when you are in a financial crisis situation. As a potential borrower, you have to weigh your options carefully and study each of the terms and guidelines of each loan company so you can get the most out of your loaning experience. Since there is a multitude...

Know and Understand the Complete Guide For Residential Mortgages

18.2.2020
Buying a home can be one of the most significant investments you are going to make in life. First and foremost, you need to make a realistic assessment of your finances and make sure you can afford to borrow. The next thing would be to understand the mortgage process fully and how you can take...

Coinbase Pitches Crypto As a Solution for Racial Inequality in Finance

18.2.2020
Coinbase’s new campaign reaches out to ethnic minorities with the claim that crypto can help tackle systemic discrimination in the financial sector

DEX Volume Soars But Bzx Exploit Raises Questions About ‘Decentralization Theatre’

18.2.2020
As the decentralized finance juggernaut rolls inexorably forward, the exploitation of defi project Bzx – in which $350K, or around 2% of total assets was taken – has called the decentralization of the industry into doubt. The attack forced an admin key reset to redeem lost funds...

IDShield Firm Unveils Service Enhancement Plan to Monitor Financial Accounts

17.2.2020
Based in North America, IDShield, the leading legal service products provider, has announced the news about the launch of a service enhancement focused on the protection of the members from illicit, unauthorized electronic fund transfers from their employer-sponsored 401K, retirement, and health...

Belgian Finance Regulators Draft Out Crypto Regulations

17.2.2020
Senator Jean-Paul Servais, the chairman of the Financial Services and Markets Authority (FSMA), announced during a Senate hearing in Belgium that FSMA had made strategic discussions with the government of Belgium concerning the imposition of regulatory measures on the use of digital currencies...

Deloitte to No Longer Offer Non-Audit Services to Existing Audit Clients

17.2.2020
Following the lines of PwC and Grant Thornton, Deloitte has said that it wouldn’t deal with any non-audit services with the clients they audit. Non-audit services include any advisory services, due diligence, and consulting. Deloitte Haskins & Sells and all its subsidiaries will refrain...