UBS to start venture capital fund for fintech investment
May 26, 2020 BY Steffy Bogdanova

UBS to start venture capital fund for fintech investment

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
May 25, 2020 BY Steffy Bogdanova

Financial broker RoboForex adds new crypto pairs and improves trading conditions

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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weekly markets analysis
May 25, 2020 BY Steffy Bogdanova

Weekly data preview: GDP around the world

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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acquisition
May 25, 2020 BY Steffy Bogdanova

ConsenSys acquires blockchain technology company Fluidity

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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Nasdaq
May 25, 2020 BY Steffy Bogdanova

Nasdaq partners with R3 to help financial institutions build digital asset marketplaces

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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May 22, 2020 BY Steffy Bogdanova

IBM announces unknown number of job cuts

Last month IBM withdrew its financial forecast as software sales were affected negatively by the coronavirus pandemic. CFO James Kavanaugh talked about making structural changes in the company to improve the competitiveness of the company. Earlier in May, CEO Arvind Krishna stated that IBM would cut even 5% of the dividend. Krishna said: I believe…

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May 22, 2020 BY Steffy Bogdanova

Hong Kong shares tumble as China plans new security law

Morgan Ortagus, a State Department spokeswoman stated: Any effort to impose national security legislation that does not reflect the will of the people of Hong Kong would be highly destabilizing, and would be met with strong condemnation from the United States and the international community. Ortagus added: We urge Beijing to honor its commitments and…

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bscs warning
May 22, 2020 BY Steffy Bogdanova

Canadian regulator BCSC warns against Ziptradex Limited, Profit Earn and others

The BCSC recently discovered advertisement for work from hope for global funds transfer work from Euroasia Global International Financial Corporation (Europe), also known as 全球信託基金協会. The company offered returns of up to 1,500 times the principal to at least one British Columbia resident. Euroasia Global International Financial Corporation (Europe) does not appear to be registered…

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fca warning
May 22, 2020 BY Steffy Bogdanova

National Bonds, Solar Claim Experts and others added to FCA warning list

National Bonds Address: 19 Oxendon St, West End London SW1Y 4EE Telephone: 0208 089 7399 Website: nationalbonds.org.uk Solar Claim Experts Telephone: 0800 009 6459 Email: [email protected] Website: solarclaimexperts.com British Bond Compare Address: 25 Cabot Square, London, E14 4AP Telephone: 020 3456 9800 Email: [email protected] Website: http://www.britishbondcompare.com/ Darwinenc.com / Darwinexc.com (clone of FCA authorised firm) Website:…

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