25th October 2017
The United States on Wednesday imposed sanctions on individuals and an entity which it said were linked to sponsoring terrorism in Iraq, Syria and Yemen. The US Treasury’s Office of Foreign Assets Control (OFAC) issued the designations targeting leaders, financiers and facilitators of the Islamic State and al-Qa’ida… Read More
25th October 2017
24 October 2017 By Pavel Polityuk, Jack Stubbs, REUTERS Cyber attacks using malware called “BadRabbit” hit Russia and other nations on Tuesday, affecting Russian Interfax news agency and causing flight delays at Ukraine’s Odessa airport. While no major outages were reported, the U.S. government issued a warning on the attack,… Read More
24th October 2017
COINDESK UK startups working with distributed ledger technology are having problems accessing traditional banking services, according to a report issued last week by the UK Financial Conduct Authority. The financial regulator, which runs a regulatory sandbox to allow new types of companies to test “innovative products, services and business models… Read More
24th October 2017
24 October 2017 By Byron Kaye, REUTERS The Australian government published draft laws on Tuesday that would let financial technology companies operate without a full licence, a measure it said would encourage innovation without compromising existing levels of consumer protection. The draft laws would let companies test “a broad scope… Read More
24th October 2017
By Matt Clinch, CNBC A surge in demand for digital currency in Zimbabwe has highlighted an interesting quirk in the trading of bitcoin, as well as the current economic woes the African country is facing. “Zimbabwe panic sends bitcoin soaring over $6,000?” asked a report on one cryptocurrency website over… Read More
24th October 2017
A US jury has found a former HSBC executive from the UK guilty of defrauding client Cairn Energy in a 2011 currency trade. Prosecutors said Mark Johnson schemed to increase the price of sterling before converting $3.5bn into pounds for Cairn, benefiting HSBC. Mr Johnson, the former head of HSBC’s… Read More
23rd October 2017
By William Watts, CNBC Add Saudi billionaire Prince Alwaleed bin Talal to the roster of high-profile investors and financiers who don’t believe bitcoin and other cryptocurrencies are here to stay. “I just don’t believe in this bitcoin thing. I think it’s just going to implode one day,” Alwaleed told CNBC… Read More
23rd October 2017
The Financial Conduct Authority (FCA) has fined US banking giant Bank of America Merrill Lynch (BAML) £34.5m for failing to disclose millions of exchange traded derivative transactions. Since the financial crisis the regulator requires transactions of that kind to be declared as it believes it allows it to measure the… Read More
20th October 2017
20 October 2017 By by MacDonald Dzirutwe, REUTERS A Belgian-based businessman on Friday challenged Zimbabwean First Lady Grace Mugabe’s accusation that he duped her of a $1.35 million diamond ring and asked her to provide the court with evidence to back her lawsuit. President Robert Mugabe’s wife Grace this week… Read More
20th October 2017
By Arjun Kharpal, CNBC The price of bitcoin could be heading to over $10,000, nearly half of respondents to a CNBC survey said. Forty-nine percent of the 23,118 people who voted said above $10,000. Similar calls have been made by market participants. Former hedge fund manager Michael Novogratz told CNBC… Read More