Search Results for: Virtu Financial
Why Say’s law is always true
August 12th, 2016
One of my regular readers has raised the important subject of Say’s law, the denial of which both Keynesian and modern monetarists are emphatic. They need this fundamental axiom to be untrue to justify state stimulation of aggregate demand. ...
Alibaba makes VR payments play
August 10th, 2016
Chinese web behemoth Alibaba is working on bringing its payments clout to VR, developing technology that will let people buy goods in a virtual world by making physical gestures. The company’s Ant Financial unit is developing a system that ...
Australia to regulate bitcoin under counter-terrorism finance laws
August 9th, 2016
Jakarta: Australia is moving to become one of the first countries to regulate e-currencies such as bitcoin under its anti-money laundering and counter-terrorism financing laws. Bitcoin – the most prominent digital currency to emerge globally – is backed by a ...
B2B payment network Finexio raises $1million
August 9th, 2016
Finexio brings integrated payment processing automation into accounts payable and procurement software Finexio, the smart B2B payment network, announced today it has secured$1M in seed funding. The financing was led by James R. Heistand with participation from Loeb.nyc, and a number of ...
FINRA Fines Deutsche Bank Securities Inc. $12.5 Million for Inadequate Supervision of Internal Communications
August 9th, 2016
The Financial Industry Regulatory Authority (FINRA) today announced it has fined Deutsche Bank Securities Inc. $12.5 million for significant supervisory failures related to research and trading-related information it disseminated to its employees, called ‘hoots’ or ‘squawks,’ over internal speakers ...
Could bitcoin change the game in Africa?
August 4th, 2016
In the wildest of claims, bitcoin – the virtual paperless and stateless currency transacted on the borderless internet – was going to tear apart traditional money transfer companies and help alleviate poverty. Accessing the multibillion-dollar remittance flows to Africa certainly has ...
Pokemon Go craze sparks legal action in the US
August 2nd, 2016
Pokemon may be the craze of the moment, but not everyone is so keen to catch ‘em all. A US man has filed legal action against Niantic, who made the game, and Nintendo, because he claims players are coming to ...
How Pokemon Go could affect your money
July 28th, 2016
If you’re unfamiliar with the Pokemon franchise, it’s widely regarded as one of the biggest video game franchises, a series worth billions that is the brainchild of designer Satoshi Tajiri and concept artist Ken Sugimori. Tajiri’s company, Game Freak, ...
Is this the end of Bitcoin anonymity? EU plans database of Bitcoin Users
July 28th, 2016
The European Commission is proposing the creation of a database that will hold information on those using virtual currencies and that will record data on the users’ real-world identity, along with all associated wallet addresses. This is the first proposal ...
A Miami judge rules that bitcoin isn’t money
July 26th, 2016
Sorry bitcoiners, the US court system doesn’t think your digital currency is real money. At least, Miami-Dade circuit court judge Teresa Mary Pooler doesn’t. Yesterday (July 25), Pooler handed down a verdict in the first money-laundering case in the ...
