IBM (NYSE:IBM) is going full force into blockchain and the new type of banking - one supported by cryptocurrencies. The tech giant is now onboarding six banks to issue stablecoins backed by fiat currency, all delivered through World Wire, which is an IBM payment platform that is built on the Stellar blockchain technology. These six…
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Dukascopy today revealed that it had initiated the live trading of 3 additional soft commodities (cotton, coffee, and orange juice), which it had promised on 26 February 2019. The complete list of the soft commodities currently available to Dukascopy clients is: Cotton (COTTON.CMD/USX) Coffee (COFFEE.CMD/USX) Orange Juice (OJUICE.CMD/USX) Sugar (SUGAR.CMD/USD) Cocoa (COCOA.CMD/USD) Dukascopy Bank allows…
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If there is one event that would send Bitcoin enthusiasts into absolute delirium, it would have to be the SEC’s approval of a highly anticipated Bitcoin exchange-traded fund (ETF). Jay Clayton, the chairman of the SEC, has never equivocated his position on the possibility of this ETF, even after a dozen or so of failed…
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The number of people driving while on vacation has grown exponentially in recent years, which has seen the number of cars being rented annually rise to about 120 million vehicles. This trend has resulted in 322,000 monthly Google searches (in 17 major countries including the UK, the USA and Hong Kong) regarding ‘online fines payments…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company NB International. NB International is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Swiss multinational investment bank and financial services company UBS AG has been fined £27,599,400 by the UK financial regulator the Financial Conduct Authority (FCA). The company failed relating to 135.8 million transaction reports between November 2007 and May 2017. Mark Steward, FCA Executive Director of Enforcement and Market Oversight said: Firms must have proper systems…
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INTL FCStone Inc. (NASDAQ: INTL) just informed that its Singaporean subsidiary INTL FCStone Pte Ltd (IFP) is about to acquire the futures and options brokerage and clearing business of UOB Bullion and Futures Limited, a subsidiary of United Overseas Bank Limited. Greg Kallinikos, Deputy CEO, Asia, commented on the acquisition: Adding such a well-established, Asian-focused…
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End-to-end customer analytics company Stratifyd just announced that it has added Shannon Ayers to its team as its new Chief Financial Officer. Ayers will be responsible for the financial forecasting process, and will oversee the preparation of financial reports. Shannon Ayers has over18 years of experience providing financial leadership to companies such as ASC Volvo,…
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The provider of big data analytics to financial institutions RavenPack just launched a new portfolio ranking tool based on sentiment factors. The new tool provides on-demand ranking of more than 50,000 companies and aims to help financial professionals build stronger portfolios. Users will now be able to create lists of positive or negative sentiment stocks…
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2gether recently announced that it is expanding into the rest of Europe after a successful beta release in Spain. The company has retained A.T. Kearney and KPMG as its chief advisors during the launch of its Visa-branded 2gether card, which allows users to pay with crypto all over Europe. The new card aims to make…
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