Search Results for: finance industry
Rakuten e-commerce giant buys a bitcoin exchange
September 3rd, 2018
Rakuten, Inc., the largest e-commerce site in Japan and among the world’s largest by sales, announced that it decided to acquire everybody’s bitcoin Inc. (hereinafter “everybody’s bitcoin”) through its subsidiary, Rakuten Card Co., Ltd. The acquisition is based on ...
U.K. accounting faces chaos in no-deal Brexit
August 28th, 2018
Accounting in the U.K. would be thrown into chaos if the country fails to strike a deal on how to leave the European Union, which looks increasingly likely. “Things could simply stop,” Anthony Walters, Head of Public Affairs at ...
Fintech funding in Asia surged to US$16.8 billion; Global fintech investment hit US$57.9B
August 14th, 2018
Fintech funding in Asia surged to US$16.8 billion across 162 deals in the first half of 2018 powered by a massive US$14 billion Series C VC funding round by Ant Financial, up from US$2 billion the second half of ...
Have a Cryptocurrency Company? Bermuda, Malta or Gibraltar Wants You
August 2nd, 2018
Hedge funds go to the Cayman Islands to incorporate. Big companies are generally domiciled in Delaware. And online poker companies often set up their bases in Gibraltar and Malta. Now the race is on to become the go-to destination ...
US releases $200bn list of Chinese products for possible new tariffs
July 11th, 2018
Accusing China of not negotiating “seriously” on trade, the Trump administration has released a list of products it wants to impose a ten percent tariff on, amounting to $200 billion. The new tariffs would kick in within 60 days. ...
Big four accounting firms paid millions to advice EU Commission on tax policy
July 10th, 2018
EU lawmakers should stop relying on policy advice from the world’s four largest accounting firms, given their status as “goliaths of the tax planning world,” according to an independent Brussels-based watchdog. Far from being “objective and legitimate” advisers on ...
Bitcoin price manipulation puts trust in cryptocurrencies at risk
June 27th, 2018
Cryptocurrencies like bitcoin have grown in popularity in large part because they can be bought and sold without a government or other third party overseeing everything. But there’s a flipside: Unlike in markets for other assets such as stocks ...
US law firm joined forces with a legal services operator to create a market-disrupting legal platform
June 15th, 2018
A US law firm has joined forces with a legal services operator to create a market-disrupting legal platform, removing business operations from the law firm. US AmLaw 200 firm LeClairRyan has entered into a joint venture with UnitedLex to ...
The change in use of mobile devices to pay for goods in stores, online, or in app
June 14th, 2018
Between 2016 and 2017, mobile payment has decreased in the US across all channels: Net, Retailer mobile apps, Service mobile app and online via the browser. Rapid changes to the workforce and new innovations in point of sale (POS) technology ...
EU sees $23.5 Billion in revenue from financial-transaction tax
May 23rd, 2018
A proposed tax on financial transactions in 10 European Union countries could generate about 19.6 billion euros ($23.5 billion) of annual revenue, though Brexit could make collection more difficult, according to a new estimate. Derivatives account for more than ...
