Search Results for: ICO
HSBC says the blockchain could be used for ‘helicopter money’
November 10th, 2015
Plenty of investment banks have been expressing an interest in the blockchain. It’s the underlying technology that allows cryptocurrencies like bitcoin to exist. The blockchain a sort of ledger that tracks transactions without an intermediary like a bank, and it’s ...
Where Is the First Helicopter Drop of Money Likely to Land? (Video)
October 13th, 2015
So what’s left in the toolbag of central banks and states to stimulate recessionary economies if QE has been discredited? The answer: Helicopter Money. We all know helicopter money of some kind is coming as the global economy spirals into recession. Quantitative ...
UBS Unit to Pay $34 Million in Settlements Over Puerto Rico Bond Funds
September 30th, 2015
Settlements stem from former broker who had customers invest borrowed money in the funds A unit of UBS Group AG agreed to pay roughly $34 million in settlements with U.S. regulators regarding the sale of Puerto Rico bond funds ...
PayPal to Close its Operations in Puerto Rico amidst Government Capital Control
September 9th, 2015
Puerto Rico has recently used legislation to force capital controls. The country has imposed a 2% fee on any money transmission, forcing Paypal’s to pull out of the country. Following an attempt to start capital controls, Puerto Rico government passed a ...
UBS Unit to Pay More Than $2.9 Million to Investors in Puerto Rico
September 2nd, 2015
Bank’s wealth-management unit ordered to pay two investors for losses tied to island’s municipal bonds UBS AG’s wealth-management unit was ordered to pay more than $2.9 million to two investors in Puerto Rico for losses tied to funds holding ...
Crédit Agricole in ‘Advanced’ Talks on U.S. Sanctions Settlement
August 5th, 2015
Crédit Agricole, one of the biggest banks in France, said on Tuesday that its profit increased in the second quarter and that it was in “very advanced stage” talks to settle investigations into whether it processed payments for countries ...
Codename Citicoin: Banking giant built three internal blockchains to test Bitcoin technology
July 3rd, 2015
Citigroup, the global advisor of multi-nationals and governments, has been using its scale and reach in some surprising ways, such as conducting transactions on mobiles without bank accounts in Kenya, and developing blockchains within the bank and test-coins to ...
Facebook Challenges Bitcoin? Payment Icon Added To Desktop Users
June 25th, 2015
Facebook has continued unveiling its Facebook payments platform, adding the desktop option on Wednesday for many users. CCN reported in March how the social media website had introduced payments on its messenger application, and it seems that today it has rolled ...
Oil prices fall on oversupply, but US crude supported by Gulf of Mexico storm
June 15th, 2015
Oil prices extended declines on Monday after two straight days of losses late last week as high production offset strong refinery runs, but a storm that could impact Gulf of Mexico operations supported U.S. crude. Saudi Arabia, the world’s ...
The Legal Market in Mexico: The Quandary of the Top Domestic Players
May 27th, 2015
These are exciting times in Mexico. There are seismic legal and economic changes underway as a result of President Enrique Peña Nieto’s “Pact for Mexico.” Top local law firms in Mexico City are focused on the most-effective ways to ...
