With Zimbabwe under threat of cash shortages and hyperinflation, some are turning to highly-volatile cryptocurrencies like bitcoin as a safer haven for their money. Matthew Larotonda reports. Continue reading
Last week, Ripple hosted Swell in Toronto which provided a forum for leaders in banking and blockchain to meet, network and hear from the likes of Dr. Ben Bernanke and Sir Tim Berners Lee. In case you missed the livestream, recorded sessions can be viewed here.
Bitcoin is booming, digital currency hedge funds are sprouting at the rate of two a week and the value of all cryptocurrencies has surged tenfold this year to more than $170 billion. But as Kate King reports, mainstream institutional investors are steering clear, taking the view that it is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in. Continue reading
(REUTERS) – On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth.
Kenyan borrowers struggle to hang onto their assets as auctions heat up. A severe drought earlier this year, a slowdown in bank lending, and a prolonged period of political uncertainty are creating a growing pool of distressed borrowers whose assets are being seized by newly aggressive lenders in the east African powerhouse.
September marks 10 years since Barclaycard introduced contactless payments to the UK. As Kate King reports it’s since expanded to include wearables and mobilepay – bringing the idea of a cashless society one step closer. Continue reading
The U.S indicts Alexander Vinnik, a Russian man accused of laundering $4bn in bitcoin through the BTC-e crypto-currency exchange. David Doyle reports.
Private equity firm KKR has agreed to buy health information giant WebMD in a deal valued at about $2.8 billion. Fred Katayama reports. Continue reading
U.S. venture capital firms are lining up for a piece of the digital currency market but some of the hot tech startups don’t need their money. Chris Dignam reports. Continue reading
The BBC releases a recording of an October 2008 phone call between two bankers at Barclays in which one said he was under “serious pressure” from the Bank of England to set an artificially low rate for Libor, an inter-bank borrowing rate.