Search Results for: Global Payments
China makes FX rules ready for foreigners to trade its commodity futures
August 3rd, 2015
Foreign investors will be allowed to transfer either foreign currency or yuan funds into China to trade in the country’s commodity futures markets, the foreign exchange regulator said on Friday. The imminent opening of its booming commodity futures market ...
FINMA Switzerland warns for unauthorised firms
July 29th, 2015
FINMA, the Swiss Supervisory authority, has issued a warning to inform investors for companies suspected of conducting unauthorised activities in the financial market. FINMA added on July 29 the below companies in its Negative list: 1) UK Options Address: ...
Can Bitcoin Change Wi-Fi For the Better?
July 29th, 2015
It’s certainly not unusual in the bitcoin and blockchain industry to see several companies coalesce around a new use case for the technology. However, what may be novel about the sudden focus on Wi-Fi is the size and ubiquity ...
Will the Oil Patch Bust Trigger Recession?
July 23rd, 2015
This seemingly inexhaustible credit line is now drying up, with severely negative consequences for oil producers with debt that’s coming due. Could the oil patch bust triggered by oil plummeting from $100/barrel to $50/barrel kick the U.S. into recession? Longtime ...
Deloitte joins cryptocurrency industry group
July 21st, 2015
To work with ADCCA on accounting standards for bitcoin. Big four accounting firm Deloitte has joined the peak industry group representing digital currency traders in Australia, highlighting a growing mainstream focus on cryptocurrencies. Australian Digital Currency Commerce Association is ...
Africa Mobile Money Market Worth $14.27 Billion by 2020
July 15th, 2015
According to a new market research report, “Africa Mobile Money Market by Transaction mode (NFC/Smart Cards, Direct Mobile Billing, Mobile Web/WAP Payments, SMS, STK/USSD, and others), by Nature of Payment, by Location, by Type of Purchase, and by Country ...
Greek debt crisis: Goldman Sachs could be sued for helping hide debts when it joined euro
July 14th, 2015
Exclusive: A leading adviser to debt-riven countries has offered to help Athens recover some of the vast profits made by the investment bank Goldman Sachs faces the prospect of potential legal action from Greece over the complex financial deals ...
Westpac VC invests in Bitcoin player Coinbase
July 8th, 2015
In a deal that will put Westpac Banking Corp in the box seat as cryptocurrencies develop, the bank’s venture capital fund, Reinventure Group, has invested in Coinbase, one of the world’s pre-eminent Bitcoin companies. In the first deal involving ...
Euronet Worldwide Acquires XE, the World’s Trusted Currency Authority
July 7th, 2015
XE Brings Industry Leading Online Presence and Digital Expertise to Euronet’s Money Transfer Business Euronet Worldwide, Inc. (NASDAQ:EEFT), a leading electronic payments provider, announced it has acquired XE, a global leader in digital foreign exchange information. XE has established ...
SEC Charges Oil Company and CEO in Scheme Targeting Chinese-Americans and EB-5 Investors
July 7th, 2015
The Securities and Exchange Commission today charged a Bay Area oil and gas company and its CEO with running a $68 million Ponzi-like scheme and affinity fraud that targeted the Chinese-American community in California and investors in Asia, including ...
