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While everyone’s heard of Bitcoin, not everyone knows how it works. So, here’s a technical yet accessible explanation to ensure you are up to speed. Australian crypto exchange Mine Digital has outlined the origins of the cryptocurrency and why it’s so secure, so if you’ve always dreamed of investing in a decentralised alternative to traditional currency […]
New research suggests a possible correlation between the price of Bitcoin and the settlement dates of CME Bitcoin Futures contracts. Bitcoin fell 75 percent of the time in the lead up to CME settlement dates. Analysts from Norwegian research firm Arcane Crypto revealed that between January 2018 and August 2019, Bitcoin fell 75 percent of the time […]
For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to […]
Japan has a reputation as a crypto-friendly nation. Following the Coincheck hack in 2018, Japan tightened controls over the entry of new exchanges as well as existing trading platforms. In 2019, the sentiment is thawing and a number of new platforms appear set to enter the market. Japan, which has the second-largest number of crypto traders in […]
Yandex has announced that MLU B.V., its ride-sharing, and food delivery joint venture with Uber, has agreed to acquire the IP and call-centers of Russia’s largest taxi company, Vezyot. As part of the deal, Vezyot’s current shareholders will receive new shares in MLU, representing up to 3.6 percent of the company at closing, along with up to $71.5 million […]
Amazon is planning to hire 2,000 additional staff in the U.K. in 2019, bringing its total workforce in the country to more than 29,500. The Seattle-headquartered e-commerce heavyweight said in a press release on Wednesday that a wide range of roles will be created, with jobs being created across the U.K. in “head office, R&D, Amazon […]
Open Banking in Australia Open banking initiatives are suddenly popping up all over the world from Brazil and India to Japan and New Zealand, but of all markets, Australia looks to have learned most from what has happened so far in the US and Europe. The concept of open banking is hardly new because some […]
Japanese telco, SoftBank Corp, said on Wednesday it would spend $4 billion to up its stake in Yahoo Japan Corp and turn the Internet company into a subsidiary, a move that would help boost its profit by 24 percent this year. The telco said it would buy 456.5 billion yen ($4.2 billion) worth of new […]
Turkish industrial companies will get a new competitive mode of transport for large distances with the construction of the country’s first privately-run inland cargo terminal, or railport. The new project is being developed by Turkey’s Arkas Holding, a logistics firm that integrates sea, land, rail and air transportation, and Duisport, Germany’s full-service provider in the […]
The U.S. House Financial Services Committee has unanimously adopted two resolutions establishing task forces for fintech and artificial intelligence. The Task Force on Financial Technology will examine issues including “the current legal framework for fintech, how fintech is used in lending and how consumers engage with fintech,” the committee stated. The chair of the task […]
With mobile money continuing to dominate the continent’s commerce growth, opening doors for business to everyone from a rural farmer to an entrepreneur, and cross-border seeing inter-country transactions on the rise, the continent is making a play to be the world’s biggest e-commerce opportunity. According to Visual Capitalist, 13 of the world’s largest urban centres […]
ubai ranked first globally in attracting foreign direct investments (FDI) for artificial intelligence and robotics; while the UAE ranked sixth in the global Smart Service Index, surpassing the US, UK and South Korea. The Emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology transfers, with the most from the […]
