Search Results for: MoU
Mystery Solved: $6.6 Million Bitcoin Theft That Brought Down Dark Web Site Tied To 2 Florida Men
May 31st, 2016
The U.S. government has seized $4.5 million from two Florida men who allegedly stole 5,400 bitcoins from illegal online drug sales site Sheep Marketplace in late 2013, shortly before the price of bitcoin hit its peak of around $1,200, ...
Arab world could see US$69 billion in online payment transactions per annum by 2020
May 31st, 2016
PAYFORT State of Payments 2016 report confirms Saudi Arabia and UAE as fastest growing markets for online payment transactions, with 23% average growth across the region PAYFORT, the leading online payment service provider in the Arab world, has announced ...
CONSOB warns for pfxbank and fx-inter
May 31st, 2016
The Commissione Nazionale per le Società e la Borsa(CONSOB), the regulatory authority of Italy, has issued an announcement to inform public and investors for firms not authorised to provide investment services and business in Italy. CONSOB warns for the ...
Trial Set to Open in Legal Battle Between H-P and Oracle
May 31st, 2016
Jurors are set to convene on Tuesday to hear opening arguments in a five-year legal battle that centers on Oracle Corp.’s alleged role in the decline of one of the former Hewlett-Packard Co.’s most lucrative products. The lawsuit seeks $3 billion ...
Winners of Middle East Hotel Awards 2016
May 30th, 2016
12 Dubai Hotels win at Middle East Hotel Awards 2016 The awards ceremony, held on 24 May at the Palazzo Versace Dubai, witnessed a 63 per cent increase of submissions on the previous year’s edition, with the 6-month old ...
Portugal is Europe’s next looming economic disaster
May 30th, 2016
Earlier this week, Spanish newspaper El Pais reported that Portugal’s largest bank, Caixa Geral de Depósitos (CGD), an institution that holds nearly one-third of all deposits in the country, is on the brink of destruction following a horrendous first ...
Buy-siders left exposed by MiFID II bond changes
May 30th, 2016
Fixed income traders are warning pre-trade transparency rules under MiFID II will undermine already diminishing liquidity, as no realistic solution to the problem currently exists. An investigation by The Trade found traders are regularly being forced to ‘show their hand’when ...
Europe vs. Facebook: Austrian activist wins another legal battle over data protection
May 27th, 2016
An Austrian privacy activist has won his next legal battle against so-called “model contract clauses,” used by thousands of multinational companies, including Facebook and Amazon, to legally transfer Europeans’ personal data to the US. Max Schrems, the 28-year-old data ...
Russia plans to introduce its own cryptocurrency
May 27th, 2016
Bitcoin Beware: Russia Developing National Cryptocurrency Russia plans to introduce its own cryptocurrency, while banning the use of all others, local media reported Friday, ciring Federal Financial Monitoring Service (Rosfinmonitoring) Deputy Director Pavel Livadny. According to the Kommersant newspaper, ...
Regulation – the hidden curse
May 27th, 2016
Regulations are nearly always introduced with the best intentions. In financial services, they aim to stop unscrupulous brokers and banks from ripping off the public through bad practices. Manufacturers are banned from making products which are dangerous to children, ...
