News

04.01.2018

Ethereum Foundation: need for scaling progress is more and more urgent

The non-profit that oversees development of ethereum has officially unveiled two subsidy programs that will support research on how to grow the number of transactions its blockchain can process. In a blog post published Tuesday, ethereum creator Vitalik Buterin described how the network is beginning to reach 1 million transactions per day.

 
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04.01.2018

Cybersecurity: Meltdown, Spectre bug could affect millions of Intel chips

Security researchers on Wednesday disclosed a set of security flaws that they said could let hackers steal sensitive information from nearly every modern computing device containing chips from Intel Corp, Advanced Micro Devices Inc and ARM Holdings, Reuters reported. On Wednesday evening, a large team of researchers at Google's Project Zero, universities including the Graz University of Technology, the University of Pennsylvania, the University of Adelaide in Australia, and security companies including Cyberus and Rambus together released the full details of two attacks based on that flaw, which they call Meltdown and Spectre.

 
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04.01.2018

Technical Analysis: XAU/USD forms junior channel down

During the early hours of new trading session the yellow metal continued to lose value against the buck in a junior descending channel.   Basically, the consolidation period might last until the exchange rate will hit the support line of a four-week long ascending channel. 

 
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04.01.2018

PayPal founder bets big on Bitcoin

The price of Bitcoin increased by 13.5 per cent to US$15,017 ($21,187) after a report found billionaire Peter Thiel, an early investor in Facebook and co-founder of Paypal, had heavily invested in the cryptocurrency. Co-founded by high-profile investor Peter Thiel and based in San Francisco, Founders Fund has bought $15 million to $20 million worth of bitcoin across several of its recent funds, the Wall Street Journal reported, citing anonymous sources

 
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04.01.2018

AM: how to navigate challenging markets

Brexit, the role of the emerging markets, financial crisis, fintech: the impact of asset management.

 
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04.01.2018

"Swiss made" label could be only a tag

If you buy a "Swiss-made" watch thinking it's almost entirely produced in Switzerland, you might be mistaken. The manufacture of components including dials, sapphire glass and cases is flourishing in China, Thailand and Mauritius and many of these end up in watches designated as "Swiss-made". Stricter rules came into force last year for watches bearing the coveted label on their dial and for which consumers are prepared to pay a premium.

 
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03.01.2018

US stopped Alibaba's project to buy MoneyGram

The proposed acquisition of global payment service MoneyGram by Alibaba’s Ant Financial is off after the U.S. Government blocked the $1.2 billion deal. Ant Financial, the Alibaba affiliate which controls Alipay — China’s top mobile wallet — and other financial services, announced a deal to buy Nasdaq-listed MoneyGram in April 2017 after it beat off a rival bid from Euronet. Ant initially bid for MoneyGram in January 2017 as a means to develop its cross-border payment network into the U.S., and major corridors including India and the Philippines, but instead it will “explore and develop initiatives” to collaborate with MoneyGram’s business.

 
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03.01.2018

Google used "Dutch Sandwich" to shield €16 bn from tax

Google saved itself as much as $3.7 billion in 2016 by moving 16 billion euros between Ireland, the Netherlands, and Bermuda using infamous legal loopholes that allow it to skirt high tax responsibilities overseas, according to a report from Bloomberg. Citing regulatory filings in the Netherlands, Google uses two structures, known as a "Double Irish" and a "Dutch Sandwich," to shield the majority of its international profits from taxation. The setup involves shifting revenue from one Irish subsidiary to a Dutch company with no employees, and then on to a Bermuda mailbox owned by another Ireland-registered company.

 
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03.01.2018

US Dollar vs Gold vs Bitcoin

The price of the US dollar in Forex markets will be influenced by the success and subsequent decline of Bitcoin while at the same time the Chinese support the yuan as an international reserve currency and continue putting more renminbi in circulation.

 
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03.01.2018

China wants to emerge in Artificial Intelligence

Beijing is planning to build a 13.8 billion yuan ($2.12 billion) artificial intelligence development park in the city’s west, the official Xinhua news agency reported, as China pushes ahead to fulfil its ambition to become a world leader in AI by 2025. The AI park will house up to 400 enterprises and have an estimated annual output of 50 billion yuan, Xinhua said, citing a report from authorities in Beijing’s Mentougou district.

 
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