Search Results for: internet
Blockchain applied for the first time in a global transaction
October 24th, 2016
Blockchain, the technology behind digital currency bitcoin and now being used to simplify secure financial transactions, has been applied for the first time in a deal facilitated by an Australian bank to sell cotton to China. The Commonwealth Bank ...
Blockchain platform developed by Banks to be Open-Source
October 23rd, 2016
A blockchain platform developed by a group that includes more than 70 of the world’s biggest financial institutions is making its code publicly available, in what could become the industry standard for the nascent technology. The Corda platform has ...
More than 25,000 students registered to study ACCA-X in its first Month in China
October 21st, 2016
Just one month since its launch in China, the innovative online programme ACCA-X run by ACCA (the Association of Chartered Certified Accountants) in partnership with XuetangX has seen the enrolment of more than 25,000 students. The registration numbers, surpassing ...
China reports steadily economy growth; GDP increased
October 19th, 2016
The National Bureau of Statistics of China has issued a press release to inform that the China’s economy grew steadily with progress made and quality improved in the first Three Quarters of 2016. According to the report: In the ...
Abu Dhabi Securities Exchange launched Blockchain for eVoting Services
October 17th, 2016
Abu Dhabi Securities Exchange (ADX) announced in GITEX Tech Week its launch of Blockchain technology for eVoting services. The launch is considered the first of its kind for the MENA region financial markets as it employs the latest innovations ...
Company wants to introduce hands-free shopping in virtual reality
October 17th, 2016
Alibaba‘s finance arm is working on a technology that could potentially allow users to shop inside virtual stores without having to take off their virtual reality (VR) goggles to settle payments. On Wednesday, Ant Financial, the company behind Alipay, ...
Saudi Arabia, SoftBank aim to be world’s No. 1 tech investor with $100 billion fund
October 14th, 2016
Saudi Arabia and Japan’s SoftBank Group (9984.T) will create a technology investment fund that could grow as large as $100 billion, making it one of the world’s largest private equity investors and a potential kingpin in the industry. The ...
ICICI Bank executes India’s first banking transactions on blockchain in partnership with Emirates NBD
October 13th, 2016
Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, announced that it has successfully executed transactions in international trade finance and remittance using blockchain technology in partnership with Emirates NBD, a leading banking group in the Middle East. ...
Facebook challenged over £11.3 tax credit
October 10th, 2016
According to information filed at Companies House, Facebook paid £4.17m in corporation tax for the year to December 2015, and recorded sales of some £210m. However, the company also had a £11.3m credit to offset against future tax payments, ...
NRGbinary is a case of how scammers can hide in gaps between regulators and defraud thousands of investors
October 6th, 2016
In early 2013, a young Israeli businessman registered a web domain in London for a company called NRGbinary.com. The online options trading website offered clients the opportunity to make large amounts of money from simple bets on the movement ...
