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Travel Agency Thomas Cook in Advanced Talks Over £150 Million Capital Injection
12.8.2019
Thomas Cook used to be one of the biggest travel companies in the world, but over the past few years, the company has fallen on hard times. Over the past few quarters, the travel company has struggled with capital issues, and that had completely pummelled the stock as well. However, it seems that...
Traditional Financial Organizations Face Heat from Apple Following Credit Card Launch
12.8.2019
Over the year, some of the biggest tech companies in the world have made forays into businesses that are starkly different from their core business and managed to make it a complete success. For instance, Apple entered into the music industry by way of the iPod and iTunes and eventually changed...
PR: Remco – Powerful Distributed Token Generating Platform
12.8.2019
remittancetoken.io – Token-Generating Platform for Money Transfer currently trading on Digifinex has announced it's sponsoring blockchain Finance Lagos conference event in Africa's largest market, Nigeria. Offering free flight ticket and accommodation to the qualified speakers.
The post PR: Remco...
Decentralized Finance (DeFi) Challenges the Global Financial System
11.8.2019
Juan Villaverde is an econometrician and mathematician devoted to the analysis of cryptocurrencies since 2012. He leads the Weiss Ratings team of analysts and computer programmers who created Weiss cryptocurrency ratings.
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Do you still think crypto is a scam? That smart contracts...
Researchers can Receive Great ‘Bounty’ from Apple for Finding Security Flaws in iPhones
11.8.2019
Cybersecurity researchers have a reason to rejoice. According to the latest reports, Apple Inc has decided to offer up to one million dollars as rewards to cybersecurity researchers for finding out faults in iPhones. Interestingly, it is the highest reward any company has ever offered to defend...
Amazon’s Land Based Scout Delivery Drones Launched in California
9.8.2019
When it comes to innovation, there are very few companies which can match e-commerce giant Amazon. Its innovative streak is also one of the reasons why the company has managed to grow into one of the world’s most valuable companies in just over two decades. As everyone knows, delivery is the most...
Apple Offers $1 Million to Cyber Security Researchers to Find Security Flaws in iPhone
9.8.2019
Over the past few years, fears about cybersecurity have increased manifold among most people in the world, and there are legitimate reasons behind such a development. The revelations from whistleblowers have proven beyond doubt that there are organizations who are engaged in trying to gather...
Operation Food Search Gets $30,000 Donation from Bank of America
9.8.2019
As everyone knows, homelessness and hunger are problems that affect not only the poorer nations of the world but also in highly developed countries like the United States. Over the past decades, plenty of nonprofit organizations have come into existence which is involved in fighting against hunger...
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
9.8.2019
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup...
FedEx Terminates Its Ground Delivery Business with Online Retail Giant Amazon
8.8.2019
When Amazon started more than two decades ago as an online bookseller, nobody quite thought that the company was going to become an e-commerce behemoth. Over the years, it has gone into a slew of new businesses and managed to make it a success. In the meantime, it has also been figuring out ways...
Owning Fiat Just Got More Expensive – NIRP Strikes Again
8.8.2019
With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy...
Commerzbank Decides to Lift Loan Provisions due to ‘worsening’ Economic Conditions
8.8.2019
The German economy, which is the largest in Europe and one of the largest in the world, has been going through growing pains over the past few quarters. In such a situation, the country biggest banks have also had to go through their share of pain, and in this regard, banking giant Commerzbank...
Shenzhen Issued 6 Million Blockchain Invoices in 12 Months
7.8.2019
Shenzhen issued nearly 6 million blockchain invoices with a total value of $553 million since inception in August 2018
Goldman Sachs and Apple Have Started Issuing Long-Awaited Apple Credit Cards
7.8.2019
Apple has always been known for producing innovative products and moving into industries in which it did not have any presence at all. The company proved it by moving into the music & smartphone industries in the 2000s. Now, it is moving into the credit card industry. Last month, the tech giant...
Standard Chartered Completes First Transaction on Oil Industry Blockchain Platform Voltron
7.8.2019
Standard Chartered Bank has completed the first international letter of credit transaction on the oil industry blockchain platform Voltron
Facebook and WhatsApp Calling to be Restricted by Apple Due to Data Collection Fears
7.8.2019
Over the past couple of years, users’ privacy has been one of the burning topics when it comes to some of the biggest tech companies and Facebook has probably borne the brunt of the backlash. The company has experienced a series of data breaches and there have been multiple complaints about how...
China Designated as Currency Manipulator by United States Treasury
6.8.2019
In what can be termed as an unexpected turn of events, the United States Treasury has designated China as a Currency Manipulator. The announcement has been done via the Treasury Department’s official Twitter handle on 5th August, followed by a press release. U.S. Treasury Designates China as...
UK Bank Standard Chartered Uses Blockchain for Supply Chain Finance
5.8.2019
Standard Chartered completed its first joint blockchain-based supply chain financing transaction in cooperation with Linklogis
Amazon in Discussion over Buying Stake in Reliance Retail
5.8.2019
Amazon’s foray into India has been largely successful and the company’s Indian business has slowly but steadily grown into one of the most important players in the e-commerce space in the second biggest economy in Asia. However, the competition is now heating up as more and more companies enter...
P2P Crypto Lending Is on the Rise
3.8.2019
As peer-to-peer cash, it only seems logical that cryptocurrency should be deployed for P2P lending. While that application has taken time to materialize, bitcoin and other crypto assets are now increasingly fulfilling that purpose. Across the BTC, BCH and ETH networks, credit is being supplied...