Tag Archives: Companies

In what seems like a preference for institutional investment, Saudi Arabia’s State Oil Company Aramco in its prospectus has indicated offering of less than 1% of the shares on offer to individuals reports show. According to the prospectus, the initial public offering which is expected to begin on November 17 and close on December 4 has specifically indicated that “up to 0.5%” of the shares on offer will be available for purchase by individuals.Furthermore, the number of shares sold and their...

In what seems to be both a conflict-of-interest and also an effort to promote his cryptocurrency, the head of cryptocurrency projects at Facebook David Marcus has given bullish indications as to where Bitcoin is going. He also indicated that Bitcoin doesn’t fit into the cryptocurrency asset class as well giving his bias for the Libra cryptocurrency. David made this known at the recent New York Times DealBook conference last week. He also said that Bitcoin has more qualities as an asset than...

During the Singapore Fintech Festival 2019, the biggest fintech event, Mastercard, an American multinational financial services corporation, has announced the launch of Fintech Express. The initiative will allow fintech companies to get access to a wide range of digital-first products, flexible commercial agreements, and support in global licensing. Mastercard has already welcomed the first member to participate in the program – Rapyd, the world’s largest local payments platform..@Mastercard...

Singapore’s central bank – Monetary Authority of Singapore (MAS) – has recently joined hands with Wall Street giant JP Morgan and Temasek. The partnership aims to build a blockchain-based prototype for cross-border multi-currency payments.The announcement comes just a time when global banking institutions are exploring blockchain and digital currency payments. MAS also said that its blockchain prototype can carry payments in different currencies on the same network. In the official press...

Decentralized finance’s (DeFi) meteoric rise has been accompanied by a slew of advances in financial technology, sparking a wave of P2P lending protocols and liquidity pools. The increasing competition of borrowing/lending, stablecoins, derivatives, and even cross-chain CDPs mark a new era in fintech innovation and have bred some intriguing externalities. Many DeFi lending protocols offer interest rates that are significantly more appealing than rates offered by banks and low-risk fixed...

Canadian crypto exchange CoinField has unveiled its top project Sologenic today at Malta AI and Blockchain Summit (AIBC), during the second day of the conference. CEO Bob Ras explained how Sologenic will merge traditional financial markets and crypto on the XRPL (XRP Ledger). Ras spoke exclusively to Coinspeaker at the conclusion of his presentation. Bob, you what was the key message that you delivered today in Malta about Sologenic?Bob Ras: If you look at the market size of stocks and ETFs...

Photo: CoingamingCoingaming, a software provider for white-label Bitcoin casino solutions, is glad to announce a Last Man Standing contest that the company has recently run on its crypto sports bookmaker Sportsbet.io. The event is being held to celebrate the addition of TRX crypto on all Coingaming’s brands. While predicting sports outcomes, all participants have a chance to win 1 Million TRX, that the company aims to grant one lucky punter with most correct forecasts.Based in Tallin,...

It’s a big win for Chinese tech giant Tencent as Hong Kong’s top-most regulator – Securities and Futures Commission (SFC) – has recently granted them a new license to open a virtual bank.On Friday, November 8, speaking at the World Blockchain Summit in Wuzhen, China, Tencent’s chief of blockchain division – Yige Cai – said that his company has received a go-ahead from the SFC to open blockchain-based virtual banking system in the country.Although not many details of the bank’s launch are...

In what seems to be an innovation, customer relationship management solutions company Salesforce has built its content management system. Reports indicate that the content management system was developed in-house rather than purchased by the company. The general concept is that organizations can be able to get content across to their clients using this system which is fully integrated with Salesforce’s family of products.According to claims by Salesforce, little or no technical knowledge is...

One of the biggest crypto exchanges Coinbase has arrived with a surprise decision for its customers. For the first time, Coinbase customers in the U.S. can earn rewards just for holding the Tezos cryptocurrency.Dubbed as the staking reward, Coinbase said that it would be staking the Tezon (XTZ) tokens on behalf of its customers thereby distributing the rewards directly to their Coinbase account.Cryptocurrency staking is the process that allows a crypto holder to earn income by participating...