Eidoo’s card will be allow storage of two cryptocurrencies, Bitcoin and Ethereum, as well as fiat funds. Contis as a principal member of Visa Europe and holder of a UK e-money license will act as the issuer of the Eidoo Card. The new card will utilize regulated stablecoins for crypto-to-fiat conversion from UK financial firm…
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OIL The oil price is consolidating, while the July expiry is challenging its recent high of $34.50. The positive mood seen in the stock markets is pulling oil up with markets now revising downwards the risks from coronavirus. The current price seems to reflect that markets are viewing the risk of a second wave as…
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ASIC found that Lewis advised his clients to use a Limited Recourse Borrowing Arrangement (LRBA) to fund the purchase of real property through a self-managed superannuation fund (SMSF). In addition, Lewis also provided insurance advice to his clients. When giving this financial advice, Lewis did not asses whether SMSF and borrowed funds to invest in…
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Mike Dargan, UBS’s Global Head Group Technology said: UBS wants to further engage with and support fintech firms. The new venture investment portfolio is a next step to accelerate our innovation and digitization efforts. UBS’s new venture fund will invest in three main categories including client engagement, financing platforms and boosting underlying operations of the…
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RoboForex has also improved its conditions for trading digital currencies by significantly recuing spreads for trading cryptocurrencies on Pro-Standard accounts and decreased the commission for operations involving cryptoassets by 1.5 times on ECN ones. Denis Golomedov, Chief Marketing Officer at RoboForex, commented: We’ve added new instruments, which our clients wanted so much. Like I said…
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Key data points Bold indicates the most important release for this symbol. Thursday 28 May, 12.30 GMT: Canadian current account (Q1) - consensus negative C$10 billion, previous negative C$8.76 billion Friday 29 May, 6.00 GMT: British annual national housing prices (May) - consensus 2.8%, previous 3.7% Friday 29 May, 12.30 GMT: Canadian annualised GDP growth…
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The blockchain engineers and fintech experts behind AirSwap will continue to build it with the support of the ConsenSys’ development, engineering, and marketing teams. Fluidity technology will also utilize ConsenSys Codefi to power commerce and decentralized finance. Joseph Lubin, Founder of ConsenSys said: Bringing Fluidity fully into ConsenSys will unlock powerful synergies that we have…
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iSignthis added in its letter criticism of ASX and its quiry seeking sensitive details about its partnership with Visa. iSignthis stated: The company has advised ASX that it is inappropriate for it to be requesting and releasing information regarding current negotiations and submissions, as it may compromise our ability to reach outcomes of best effect…
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EUROPEAN SHARES European stocks opened slightly higher on Monday following a mixed trading session in Asia, particularly in Hong Kong where shares extended Friday’s losses amid mounting tensions with China. The return of violence in the region is seen as a new bearish factor for share markets as traders fear it could lead to deeper…
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Cathy Minter, Chief Revenue Officer, R3 commented: Financial institutions are becoming increasingly aware of the huge potential for servicing the needs of digital assets. We can help them accommodate these assets with solutions that are designed for more secure, reliable and regulated environments. Together with Nasdaq we will provide a world-class platform on which digital…
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