With fund managers looking to hold financial instruments that aren’t correlated with equities, LedgerX’s platform to act as a clearing house for collateralized digital currency swaps, meet investor’s demands. In a major milestone in the history of bitcoins, New York-based LedgerX, a bitcoin options exchange, has received license to clear and settle derivatives for digital…
As Samsung Electronics targets new growth drivers for the chips business, aggressively adding clients is the strategy that the IT giant plans to triple the market share of its contract chip manufacturing business within the next five years, according a senior company executive. In a clear statement that the technology giant was preparing to focus…
Flavio Cattaneo, Vivendi’s former MD, is set to leave the company earlier than planned. Italian news daily La Repubblica has reported that one of the reasons Flavio Cattaneo, CEO of Telecom Italia, fell out with the top shareholder of Vivendi because the French company planned on appointing a managing director at his side. As per…
The deal will bring a host of medical websites under KKR’s umbrella. According to sources familiar with the matter at hand, KKR & Co LLP, a private equity firm is close to an all-cash deal to acquire U.S. online health publisher, WebMD Health Corp. If it succeeds in pushing through the deal, it would…
Old models are giving way to new ones. VCs are increasingly finding themselves not s relevant as before. They however are adapting. With U.S. venture capital companies lining up to grab a slice of the burgeoning digital currencies market, in a weird twist of fate, that market itself is grappling with a novel challenge –…
Having started out with a bang and as a pioneer in the technology and internet applications world, Yahoo finally had to wind up and ends its run as a mere holding company. And some analysts and market experts predict that the trendsetting ride hailing company Uber Technologies could also be embarking on the same path…
Amazon is telling tens of thousands of marketplace sellers in the U.S. that it will buy their inventory at full retail price with the aim of trying to boost its catalog. A new program is being rolled out where Amazon will buy products at full price from third-party merchants, then sell them to consumers across…
The siding is just pressure tactics in a battle of who will blink first. In a significant development a group representing major technology companies has sided with Apple in its legal dispute with Qualcomm. The industry body has called on regulators to reject Qualcomm’s bid to ban the import of iPhones. The lobby group representing…
Apple’s iPhone 9 is slated to be launched in 2018. On Friday, a Korean newspaper reported South Korean firm LG Chem, in an exclusive deal, is slated to provide batteries to Apple’s next flagship, iPhone 9, which is likely to be launched in 2018. The South Korea Economic Daily has reported citing an anonymous industry…
Spark is being seen as a cross between Pinterest and Instagram with a bent for e-commerce. In a significant development, Amazon.com has forayed into the social media with the launch of Spark, a platform currently available only to Prime members, wherein they can upload photos and videos much like other popular social media platforms, including…
