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White House Economic Adviser Kevin Hassett To Step Down Soon
3.6.2019
Over the years, numerous high profile advisers and officials have left the Trump administration for a variety of reasons. However, the reason behind economic advisor Hassett’s departure is still unclear so far. Ever since Donald Trump became the president of the United States, the sudden departure...
Indian Cryptocurrency Regulation Is Ready, Official Confirms
2.6.2019
Ahead of the G20 summit, India’s new finance secretary has confirmed that the report detailing the country’s crypto regulation is now ready. It will soon be submitted to the finance minister for approval. Since Arun Jaitley opted out of cabinet responsibilities, Prime Minister Narendra...
T-Mobile and Sprint’s Boost Mobile Could be Bought by Amazon
31.5.2019
Over the years, Amazon has created a sprawling empire with a hand in a range of pies, and much of that has been accomplished through strategic acquisitions. While it is true that it is often regarded as only an e-commerce company, it is necessary to the point that it is a tech company as well...
Another Aspiring Satoshi Copyrights the Bitcoin Whitepaper
30.5.2019
The cryptocurrency community got riled up recently over Craig Wright’s U.S. copyright registration of the Bitcoin whitepaper and some of the code from the early software. However, on May 24 the U.S. Copyright Office saw a Bitcoin whitepaper registration by a man named Wei Liu, bringing...
Australian Securities Regulator Releases Cryptocurrency, Mining, ICO Guidelines
30.5.2019
New initial coin offering and cryptocurrency guidelines have been released by the Australian Securities and Investment Commission
New Zealand Prioritises Wellbeing Over Economic Growth with $2.5 Billion Budget
30.5.2019
As far as revolutionary budgets are concerned, there have been plenty of them over the years, but it seems New Zealand has outdone itself by announcing a budget that is going to have a larger focus on mental health issues and poverty alleviation. In this regard, it is necessary to point out that...
Analysts Pick Sands China And Galaxy As Ultimate Winners In Macau’s Non-Gaming Competition
30.5.2019
The casino industry in Macau has become one of the most valuable casino industries in the world and remains one of the biggest attractions for gamblers from all over the world. However, the major companies who operate in the city are now trying to reinvent the industry in a big way, and over...
SoftBank’s Vision Fund Aims To Get $4 Billion Loan Against Its Stakes In Tech Companies
30.5.2019
As far as private equity funds for tech companies are concerned, there is nothing bigger than Japanese conglomerate SoftBank’s Vision Fund, which started with an incredible $100 billion in its coffers. Over the years, it has made some of the biggest investment in tech and owns significant stakes...
How MakerDAO Works – The Stablecoin Explainer
30.5.2019
The most popular decentralized finance application on ethereum, MakerDAO, was built to keep a stablecoin's price stable. Under the hood, it's quite complex, featuring two separate tokens, a lending system and even a voting process. Here's how it works
Bitfury, Tech Firm Mphasis Plan Blockchain Disruption in Trade Finance
29.5.2019
Blackstone-owned IT firm Mphasis has partnered with blockchain tech firm Bitfury to automate and tokenize trade finance processes
South Korea Finds Itself in a Tough Spot Following Huawei Ban
29.5.2019
The banning of Huawei by the United States has sparked off a meltdown in the markets, but it has also made life uncomfortable for a range of countries which fear diplomatic awkwardness due to the issue. South Korea is one such nation, and currently, the Asian country finds itself in a tough spot...
Sony to be sued in Australia over Illegal Store Refund Policy
29.5.2019
The refund policies of many large corporations have often fallen foul of the local laws across the world over the years, and in a new development, Sony has found itself in the crosshairs of Australian laws. Over the course of the past few decades, the onset of globalization has led to some of...
Shipping Companies Raise Cargo Rates For Transporting Goods From The US To Venezuela
29.5.2019
According to three industry sources and two documents, the cargo rates for transporting goods from the United States to Venezuela has been raised by two major shipping company this month. The reason is said to be because the U.S has sanctioned limit transit between the two countries. Earlier on...
Crypto Assets Outshine Most Traditional Investments in 2019
29.5.2019
Last year, cryptocurrency proponents either complained about the low prices or celebrated the fact they could obtain cheaper coins. 2019 has been an entirely different story, however, as digital assets have started to gain significant value in comparison to traditional assets like stocks, oil,...
The Growing Demand For Chocolates-Producers In A Fix To Meet The Market Needs
28.5.2019
The largest producers of the cocoa bean, Malaysia and Indonesia are forced to import more from South America and Africa to meet the growing demand for chocolates in the Asian countries. Peter Jasman, the chairman of Indonesia’s Cocoa Industry Association, mentions that top producers, like...
German Authorities Ask Banks to Keep Aside $5.9 Billion Over Possibility of a Slump
28.5.2019
One thing that has been proven beyond a shadow of a doubt is that the German economy is in the middle of a slowdown and industrial growth has been tepid over the past few months. In addition to that, the country’s relatively robust banking industry has also been going through a bit of churn,...
Tencent to Overhaul Overseas Strategy after ‘Honour of Kings’ Failure
28.5.2019
Replicating the success that a mobile game enjoys in one market can be tough when the game is offered to a global audience, and that is what Tencent Holding found out with the failure of the mega-hit mobile game ‘Honour of Kings.’ Before making the game available at a global level, the game...
Facebook and Microsoft Pledge to Help Canada Conduct a Clean Election
28.5.2019
Fake news, automated accounts, and targeted advertising of spurious content to Facebook users have been some of the biggest problems that have affected elections in many democracies across the world, over the past few years. The internet was weaponized in a devastating fashion as the flow of wrong...
Huawei Reviewing Ties with FedEx After Diverted Packages Claim
28.5.2019
One of the big casualties of the trade war between the United States and China has been the Chinese tech giant Huawei. The company has not only been banned from supplying telecom equipment to US companies, but last week it was blacklisted as well, and before long, no American company will...
Alibaba to Launch Massive $20 Billion Listing in Hong Kong as It Looks for More Capital
28.5.2019
When it comes to e-commerce companies, then China’s Alibaba is in a league of its own, and after having become the biggest online retailer and tech company in the world’s second largest economy, it is all set to grow further. However, to fuel that growth, the company has now decided to have...