Microsoft, the software giant, is expected to win antitrust approval for its $7.5 billion acquisition of GitHub, the coding website. Reuters, citing two people familiar with the matter, reported on Monday (Oct. 8) that the European Union will approve the deal with no conditions. Marking its largest acquisition since it acquired LinkedIn in 2016 for $26 billion, […]
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Walmart is partnering with Metro Goldwyn Mayer, the U.S. movie studio, to create content for Vudu, its video on demand service. CNBC, citing Walmart, reported the retailer has been looking for ways to boost Vudu, which it acquired eight years ago, as its subscriber numbers are far behind Netflix. The idea is to find ways to […]
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Economist Nouriel Roubini, aka “Dr. Doom,” compares Bitcoin to North Korea, stating it has the worst inequality coefficient in the world. American Economist Nouriel Roubini has stated that cryptocurrency is more centralized than North Korea in a tweet October 7. New York University professor Roubini, better known as “Dr. Doom” for his alleged prediction of […]
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There is much to be shocked by in the unfolding Danske Bank money laundering scandal, such as the simple amount laundered through the Estonian branch of the Denmark-based bank — $234 billion at current count, roughly the size of the entire Danish economy — or the fallout from the event, including the bank’s CEO Thomas Borgen […]
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The Commodity Futures Trading Commission (CFTC) reported an increase in enforcement actions in the last fiscal year, partly due to a rise in cryptocurrency cases and spoofing schemes. According to The Wall Street Journal, the federal derivatives-market regulator also handed out around $900 million in penalties, higher than the amount in five of the eight […]
Continue ReadingB2B payments company TransferMate Global Payments has announced a partnership with AccountsIQ, which will enable its customers to access preferential FX rates for payments through an automated solution within the AccountsIQ system. TransferMate, which is partly owned by AIB and ING Group, has built one of the largest portfolios of payment licenses in the world, partnering […]
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The mayor of South Korea’s capital Seoul, Park Won-Soon, has committed to investing $108m (£83m) towards developing blockchain hubs within the city. Park’s announcement came amid a diplomatic visit to Zurich, where he announced plans to create two business complexes in Seoul which would become home to 200 blockchain-based companies by 2021. These hubs would […]
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Malaysia-based MyEG Services is rolling out a new payroll solution developed on blockchain technology. Reports in The Edge Markets on Friday (Oct. 5) said MyEG is rolling out “PayMe” software, a tool allowing employers to manage payroll functions, like overtime, more accurately. PayMe will first be introduced in a pilot phase in select markets, reports […]
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The impact of Europe’s General Data Protection Regulation (GDPR) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. As reported, the social media giant was hacked through a vulnerability in […]
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Big Four Auditors PwC, KPMG, EY, and Deloitte are building infrastructure to help conglomerates adopt blockchain technology. PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young (EY) and KPMG, better known as the “Big Four” auditors, all have established solid long-term blockchain roadmaps to remain relevant in the cryptocurrency and blockchain space. The four professional services conglomerates, which […]
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