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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...
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...
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...
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,...
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...
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...
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...
Shell Invests In Blockchain Startup That Uses The Tech For Energy Tracking
11.7.2019
Blockchain technology is the latest and most disruptive innovation that has been unleashed on the tech scene over the past couple of years. While it is true that most people associate it with cryptocurrencies, it is important to note that the creation of cryptocurrencies is only a tiny part of...
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
9.7.2019
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly...
Face ID and Touch ID could be introduced by Apple to make iCloud Sign-ins Easier
8.7.2019
One company that is well known for making the most user-friendly but highly technically evolved products is Apple and over the years, it has continued to do so. In fact, the technical sophistication and the ease of usage have been two of the cornerstones of the company’s success over the past...
‘Don’t Worry We Can Just Print More Money’ – Swedish Central Bank Ponders -1.5% Interest Rate
6.7.2019
At a press conference on Wednesday, the head of the Swedish Central Bank admitted that interest rates could potentially go as low as -1.5%, and quipped that Swedes likely wouldn’t even protest. Other countries implementing negative interest rate policies are producing lukewarm results that...
Three Bank Failures Open New Chapter in Never-Ending Financial Crisis
5.7.2019
The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to...
Microsoft Likely to Introduce Mini XBox at $60
5.7.2019
Tech giant Microsoft might be better known for its Windows and Office software applications, but over the years the company has diversified into a range of businesses. However, one of the company’s biggest businesses is in gaming that draws in billions of dollars every year and it revolved around...
Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange
5.7.2019
Cryptocurrency tracking instruments traded on established equity exchanges allow institutional and retail investors to gain exposure to digital assets. Now there is a new option to invest in bitcoin cash (BCH) with an exchange traded product in one of the most advanced markets in the world. Under...
Microsoft Announces Intelligent Cloud Delivery Strategic Partnership With Etisalat Digital
4.7.2019
For many years through the noughties and early years of the 2010s, Microsoft seemed like a sleeping giant as many other tech giants passed it by in terms of innovation and newer products. However, just when it seemed that the tech giant was either unable or unwilling to get its act together; it...
Major Chinese Financial News Provider Quietly Adds Crypto Index
4.7.2019
Sina Finance, major Chinese financial news source, has silently launched crypto index on its mobile app, according to local reports
Nordic Banking Behemoth Nordea Invests 5 Million Euros In Swedish Neobank P. F. C.
4.7.2019
Throughout the course of the history of the financial system, the latest innovations have managed to improve the entire system in a way that had not been envisaged and in that regard, Fintech is perhaps the latest example. Over the past five years, the Fintech industry has grown into...
French Fintech Startup Joko Raises 1.6 M Euros To Help Users With Credit Card Rewards
4.7.2019
Over the last five years, Fintech has grown into one of the hottest industries in the world and has grown by leaps and bounds across many countries. While the United States, United Kingdom, and China remain the leading lights of the new Fintech charge, other parts of Europe have also become active...
Driveway Deliveries Service Could Help Tesla To Maintain Deliveries Momentum
4.7.2019
At the start of the year, Tesla reported declining sales, and there were genuine fears about the future of the company. The stock price declined significantly as more and more investors believed that the company’s growth story had perhaps come to a halt for the time being. However, Tesla came back...