10/16/2018
According to a report in United States Bankruptcy Court, Nirav Modi companies used funds raised from one bank to repay outstanding letters of undertakings (LoUs) from other banks in a vicious cycle that broke out only when the scam was exposed.
10/16/2018
But, local financial authorities have started to crackdown on investors that amass significant wealth in overseas markets.
10/15/2018
He added that “eventually these marketplaces will have tens of thousands, if not hundreds of thousands of assets — so the next piece was a broker dealer”.
10/15/2018
That is why there is a general assumption that the Chinese investors will turn to cryptocurrencies in order to park their money.
10/15/2018
The initiative has been put 'on ice', according to people familiar with the situation
10/12/2018
EQIBank also has an in-house cryptocurrency exchange, offers peer-to-peer loans between clients, and provides vaulting services for digital assets; all things that should endear it to traders and investors alike.
10/11/2018
Ripple was one of the early startups to gather funding in the region, with over 130 startup deals made by 2016 – bringing in $545 million worth of funds and setting up the space for a future in blockchain development.
10/11/2018
The FSB’s report includes an assessment of the primary risks present in crypto-assets and their markets, such as low liquidity, the use of leverage, market risks from volatility, and operational risks.
10/11/2018
Following China, iO-X will be launched in communities in Vietnam, Laos, Myanmar, the Philippines, Papua New Guinea, with observers from The World Bank, Asian Development Bank, and International Monetary Fund.
10/11/2018
The past spring, PwC debuted a Blockchain Validation Solution to help authenticate transactions for clients.
10/10/2018
Crypto-curious investors "are waiting for the right regulations to be in place and the right partners," Rain co-founder Badawy said.
10/10/2018
Blossom Finance hopes its pioneering products can enable retail investors to benefit from the kinds of gains usually only enjoyed by institutions and the ultra-wealthy
10/10/2018
When it comes to artificial intelligence, first-mover advantage is clear.
10/10/2018
Singapore has been pushing to develop its financial technology sector as a way of creating jobs and diversifying the economy
10/09/2018
It is unclear whether this will be a Central Bank Digital Currency (CBDC) or a stable coin.
10/09/2018
Using AlphaBot, allocators can obtain fund performance and benchmarking data, then model, build and execute portfolios all from a consistent, user-friendly interface.
10/09/2018
The firm received its first Finma go-ahead in June when it became the first company of its kind to receive a distribution licence.
10/05/2018
The high net worth property contains twelve units measuring 1,700 feet with a current appraisal of $ 30 million.
10/05/2018
Mr Green concluded: “There is already a huge and continually growing appetite for cryptocurrencies and blockchain."
10/04/2018
Cryptocurrency firms or companies issuing coins face hurdles in accessing bank accounts as they pose risks for banks.