05/21/2019
Crypto scams bite UK
The FCA said fraudsters then contact the victim, aiming to secure more funds and new targets in the form of the victim's friends and family.
Bitcoin, Blockchain & AI
05/21/2019
Dutch Bank ABN AMRO Launches ‘Forcefield,’A Blockchain Inventory Tracking Platform
Forcefield is a stand-alone product that evolved as an independent company following a successful proof-of-concept that was conducted with consulting firm Accenture.
05/21/2019
Calastone blockchain goes live
Information now ripples instantly across the market, a step change from the previous, fragmented model, he added.
05/21/2019
VALR Launches Bitcoin-Rand Trading
VALR is backed by former FNB CEO Michael Jordaan and US-based Bittrex, one of the largest cryptocurrency exchanges in the world.
05/21/2019
SA Cryptocurrency; South Africa Debates Possibilities
“Request for expression of interest from prospective solution providers in anticipation of a feasibility project for the issuance of electronic legal tender – a central bank digital currency issued and backed by the South African Reserve Bank.
05/21/2019
FCA issues warning as £27m lost to crypto fraud
Popular forms of cryptoassets include bitcoin and litecoin, with the regulator most frequently referring to these cryptocurrencies as "exchange tokens".
05/20/2019
Big Banks Drop $50 Million on Blockchain Settlements System
It’s not presently known which institutions are joining forces behind Fnality, though likely investors include the world-leading banks that have joined UBS’s blockchain settlements initiative in the past, namely Barclays, BNY Mellon, Credit Su
05/20/2019
FCA Proposes Guidance On Cryptoassets, But Questions Remain
The FCA consultation on guidance asks for responses to the questions it poses by April 2019.
05/20/2019
Wigwe: AI, analytics imperative for banks, fintechs’ competitiveness
This, he said, has enabled financial service providers to increase their digital offerings for customers so they can conduct banking transactions on mobile phones, the internet, and at the automated teller machine (ATM).
05/20/2019
Bahamas Securities Regulator Set Regulations for Token Sales
The Bahamas securities regulator plans to turn the island into a safe area for blockchain. The SC of Bahamas filed a bill for token offerings.
05/20/2019
Westpac gets lawyers to test if it can trust AI bots
Westpac's group executive of legal, Rebecca Lim, said the bank was keen to use the AI-powered regtech solution known as Red Marker
05/20/2019
This successful CEO says his Sunday ritual keeps his employees more in tune and makes his week more productive
Brad Keywell, the CEO of industrial AI startup Uptake, has one ritual he does every Sunday night: writing a letter to his 750 employees.
05/19/2019
Appleby advises iFinex on its USD 1bn token offering
iFinex began operations in 2012 and, among other cryptocurrency and cryptoasset-related products and services, operates Bitfinex
05/19/2019
Blockchain takes centre stage as innovative FinTech services become ‘new normal’
In light of rising customer acceptance of digital platforms for financial services, traditional players are responding rapidly.
05/19/2019
Bank of America CIO Says Bitcoin Investments Signal A Looming Recession
This is not the first time a prominent investor has acknowledged the advantages held by cryptocurrencies during a market crash.
05/17/2019
Low Crypto Values Create Estate Tax-Planning Opportunities
Opportunities for estate-tax planning abound for clients with substantial crypto holdings.
05/17/2019
Crypto Exchange Huobi Launches Fully Regulated OTC Desk for Institutional Investors
According to Huobi, its license was “among the first batch of licenses awarded by Gibraltar, which is the first jurisdiction to introduce a purpose-built DLT regulatory framework.”
05/17/2019
Here’s how artificial intelligence impacts the banking industry
The intersection of banking and technology, such as artificial intelligence, most prominently appears in fraud management and customer service.
05/17/2019
Bitcoin rises past $8000 for the first time in 2019
Gold, often considered a haven for investors in volatile markets, is down 0.12%. Other cryptocurrncies, Ripple XRP and ethereum are also showing well.
05/17/2019
BRAZIL: New disclosure requirement introduced for crypto asset transactions
A crypto asset can be used as an investment, to transfer amounts or for access to services, and does not constitute a form of legal currency.