financial services Archives - Page 147 of 160

Italian Securities Watchdog Orders Unauthorized Crypto Companies to Cease and Desist

November 21, 2018cashtechnews

Italian securities watchdog CONSOB has ordered cease and desist orders on several crypto-related firms for offering unauthorized financial services. The Commissione Nazionale per le Società e la Borsa (CONSOB) has ordered three crypto-related companies providing unauthorized investment services to cease and desist, an official release states Monday, Nov. 19. The first company, a trading platform […]

VanEck Subsidiary Launches Bitcoin Index Based on US Spot Indices

November 20, 2018cashtechnews

VanEck subsidiary MV Index Solutions has launched a BTC Index based on U.S. price feeds from major over-the-counter liquidity providers. Investment management firm VanEck subsidiary MV Index Solutions has launched its own Bitcoin (BTC) index based on three major over-the-counter (OTC) desks, according to a press release published Nov. 20. MV Index Solutions is a […]

China: Insurance Giant Ping An Subsidiary to Create Boutique Bank Supported by Blockchain

November 20, 2018cashtechnews

A subsidiary of Chinese insurance holding Ping An Group will create a boutique bank backed with AI, blockchain, and big data. Ping An Bank, a subsidiary of China’s Ping An Insurance Group, will launch a boutique bank using blockchain, cloud services, and the Internet of Things (IoT). Ping An Insurance Group is one of the […]

After Yesterday’s Signs of Recovery, Crypto Markets See Drastic Losses

November 19, 2018cashtechnews

Following slight signals of recovery yesterday, crypto markets experience another dramatic fall, dragging Bitcoin below $5,000. Monday, Nov. 19: after showing some signs of recovery yesterday, Nov. 18, cryptocurrency markets experience another dramatic fall. Bitcoin (BTC) dipped below the $5,000 mark, with some of the top 20 coins falling by as much as 20 percent […]

Cryptocurrency Is ‘a Big Deal’ But Needs Institutional Investment, Says KPMG Report

November 19, 2018cashtechnews

One of the world’s biggest auditors has put a newly bullish case for cryptocurrency’s ascent to a “full-fledged asset class.” Netherlands-based ‘Big Four’ auditor KPMG released a bullish report on cryptocurrency Nov. 15. The report argues that institutional investors must join the industry for it to “realize its potential.” The report, dubbed ‘Institutionalization of Cryptoassets,’ […]

Chinese Blockchain-Related Company Xunlei Reports $45.3 Million Q3 Revenue

November 16, 2018cashtechnews

Xunlei, a Chinese desktop software producer that has recently turned to blockchain, reports $45.3 million revenue in Q3 2018. Chinese desktop software and blockchain-related company Xunlei has published its Q3 report Wednesday, Nov. 14. According to the report, the firm’s revenue increased in 2018 after the introduction of blockchain services. The report notes that the […]

Japan: Queries About Cryptocurrencies Steadily Decline, Financial Regulator Reveals

November 16, 2018cashtechnews

Japan’s financial watchdog reports a lower number of crypto enquiries in comparison to quarter two. The number of enquiries about cryptocurrencies from Japanese investors has declined in the third quarter of 2018, according to a report published by Japan’s Financial Services Agency (FSA) Friday, Nov. 16. The FSA, which oversees the country’s crypto market, published […]

European Central Bank Exec Calls Bitcoin the ‘Evil Spawn of the Financial Crisis’

November 15, 2018cashtechnews

Executive Board member of the European Central Bank, Benoit Coeure, considers Bitcoin to be the “evil spawn of the [2008] financial crisis.” Executive Board member of the European Central Bank (ECB) Benoit Coeure considers Bitcoin (BTC) to be the “evil spawn of the [2008] financial crisis,” Bloomberg reports Nov. 15. Coeure reportedly made his acid […]

Malaysian Lending Giant CIMB Joins Ripple’s Cross-Border Payment Network

November 15, 2018cashtechnews

Malaysian lending giant CIMB Group Holdings Bhd. has signed on to use Ripple’s xCurrent technology for expediting cross-border payments. Malaysian lending giant CIMB Group Holdings Bhd has joined Ripple’s (XRP) cross-border payments network RippleNet, Bloomberg reports Nov. 15. The $53.5 billion market cap CIMB will integrate Ripple’s XCurrent product, a software solution for expediting cross-border […]

Top Crypto Exchange Binance Adds Circle’s USD Coin in Latest Stablecoin Support Move

November 15, 2018cashtechnews

Binance has opened deposits for stablecoin USDC, with full trading functionality beginning on Nov. 17. Major cryptocurrency exchange Binance announced it would list Circle’s USD-pegged stablecoin USD Coin (USDC) in a blog post Nov. 15, with deposits opening immediately. USDC, which the financial services company announced in May this year and released in September, is […]

Tag: financial services

Italian Securities Watchdog Orders Unauthorized Crypto Companies to Cease and Desist

VanEck Subsidiary Launches Bitcoin Index Based on US Spot Indices

After Yesterday’s Signs of Recovery, Crypto Markets See Drastic Losses

Cryptocurrency Is ‘a Big Deal’ But Needs Institutional Investment, Says KPMG Report

Japan: Queries About Cryptocurrencies Steadily Decline, Financial Regulator Reveals

European Central Bank Exec Calls Bitcoin the ‘Evil Spawn of the Financial Crisis’

Malaysian Lending Giant CIMB Joins Ripple’s Cross-Border Payment Network

Top Crypto Exchange Binance Adds Circle’s USD Coin in Latest Stablecoin Support Move

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