Not only digital currencies are alike. Here is an interesting legal case involving Sweden’s Tezos cryptocurrency project where investors were left with a bad after taste. According to sources familiar with the matter at hand, Arthur and Kathleen Breitman, the couple behind the embattled cryptocurrency Tezos wants the Tezos Foundation, a Swiss-based firm, to cover…
Ahead of its launch, Spotify and the music group of China’s Tencent Holdings Ltd have aligned their interests for future negotiations with music labels. On Friday, a report by the Wall Street Journal stated China’s Tencent Holdings Ltd and Sweden’s Spotify AB are in talks to swap stakes of up to 10% of each other’s…
Here’s a brief analysis by analysts of the North Korea’s latest missile launch. Analyses of images by analysts, of North Korea’s latest missile test points to the usage of a newer rocket engines and a larger design of a missile that places North Korean dictator, Kim Jong Un, closer to his goal of being able…
Although crypto currencies are yet to go mainstream, the fantastic appreciation of the value of the Bitcoin is pushing many central banks to issue their own digital currency. On Thursday, Yves Mersch, a member of the European Central Bank’s executive board stated, if banks were to speed up the introduction of instant payments it would…
Xavier Rolet who has been instrumental in turning the LSE into a diversified exchange group, has stepped down from the LSE as its CEO; its chairman Donald Brydon has opted to not stand for re-election. In a significant development, Xavier Rolet, the CEO of the London Stock Exchange has stepped down, with immediate effect; its…
The deal has the potential to increase its foothold in the region, home to 600 million people, and enable it to catch up with its regional rival Grab, which has its own e-wallet service. In a joint statement, Uber Technologies and Vietnamese financial technology firm MoMo stated that they have signed a strategic deal which…
Amongst its decision includes th allocation of an electric SUV in its German plant. In a significant development, Volkswagen’s Audi has agreed to rule out forced redundancies in Germany by five years until the end of 2025; its joint statement also states, it will build two fully-electric SUV models at its main plant in Ingolstadt.…
Ahead of its announcement, the industrial plan has already won support from Merck & Co and Qiagen. In the wake of massive economic upheavals from Britain’s historic decision to leave the EU, on Monday, Prime Minister Theresa May pitched a new strategy to leaders of the country’s industry aimed at bringing about greater state intervention…
The value of bitcoins has jumped by 100% in 2017. On Monday, Bitcoin’s vertical ascent showed no signs of slackening with the digital currency soaring to yet another record high, just short of the $10,000 mark. The cryptocurrency has gained more than a fifth of its value in the past three days. Since the beginning…
The new funding round, led by Alphabet’s CapitalG, saw its valuation boost by $500 million to $11.5 billion. As per U.S. share authorization documents filed in Delware, Lyft Inc is raising an additional $500 million in funding led by Alphabet Inc’s CapitalG. The new funding round is an extension of the $1 billion round that…
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