Hong Kong Regulator in Partnership with 7 Banks to Launch Blockchain-Based Trade Finance Platform
Hong Kong Monetary Authority (HKMA) and seven banks are in a partnership to launch a blockchain-based finance platform in September. The seven banks, including Standard Chartered PLC and HSBC Holdings [...]
Global Asset Management Firm BlackRock is Assessing Crypto Blockchain Technology
Global financial planning and investment management corporation BlackRock Inc is assessing blockchain technology and cryptocurrencies such as bitcoin according to the company's chief executive Larry Fink. Fink told Reuters in [...]Bitcoin touches five-week Amid Interests from World's Largest Asset Manager
Bitcoin, the most widely traded cryptocurrency touched the strongest level since June 10 amid a wide surge in appetite for risk, which today sent gold to the lowest level in [...]
Opera Introduces Mobile Browser with Built-In Cryptocurrency Wallet
Opera has launched a new browser software with a built-in cryptocurrency wallet. The Norwegian software company last week said: the new version of the Opera browser for Android combines easy-to-use [...]IBM partners with start-up to launch cryptocurrency
International Business Machines Corp. (IBM) says that it has struck a partnership with Stronghold, a financial technology start-up, to jointly launch a new cryptocurrency called Stronghold USD. The cryptocurrency will [...]Johnson Johnson to pay $4.7B in cancer case
A Missouri jury decided against Johnson Johnson in a trial in which 22 women claimed the company's talc products contained asbestos which caused ovarian cancer. The pharmaceutical giant was [...]Whatsapp launches fight against fake news in India, its biggest Market
Whatsapp, Facebook Inc's messaging app, has published an advertisement in major Indian media with tips on how to fight fake news. In its attempts to tackle spam and hoax messaging, [...]Japan's Uzabase to buy news site Quartz for $110 million
Japan's news company Uzabase will buy Quartz, business news website owned by Atlantic Media. The deal is worth $110 million according to Nikkei Asian Review. According to the report, the [...]VW to launch electric car-sharing platform in 2019
Volkswagen AG has announced it will launch a car-sharing platform exclusively for electric cars. The service called WE is expected to begin operating in Germany in 2019, while the company [...]Abraaj Holdings Chairman Sean Cleary Steps Down
Abraaj Holdings chairman Sean Cleary has resigned according to an email statement written by the struggling private equity group. The statement read: “We can confirm that Sean Cleary has resigned [...]Workers Supplying UK Supermarkets Grapple with Abuse and Poverty- Oxfam Report
Charitable organisation Oxfam has released a report which shows that farmers and factory employees that produce food for the UK’s top supermarkets face abuse and poverty. “It is shocking that [...]Abraaj Holdings Files for Court-Supervised Restructuring As it Grapples with Creditors
Abraaj Holdings, once the leading global investor in the developing world, has filed a court-supervised restructuring in the Cayman Islands amid claims of misused funds. According to the firm’s statement, [...]
