Finance news - UK & global economic news

Finance

BlockPay spearheads business-ready blockchain point of sale system

The pre-ICO to crowdfund the BlockPay project has begun.

Aug 23, 2016

By Ian Allison

Bitcoin

BitScan to launch ICO for Incent loyalty scheme on Waves platform

Loyalty systems as they currently exist are broken, according to BitScan CEO Rob Wilson.

Aug 23, 2016

By Ian Allison

Bitcoin

Rank Group reports a 2% increase in annual 15/16 revenues to £753m

Rank Group reports 2% increase in annual 15/16 revenues to £753m

Rank Group said the Brexit vote will have little or no impact on its performance.

Aug 23, 2016

By Kedar Grandhi

Who is Urjit Patel, Reserve Bank of India's next governor?

Patel will replace present RBI Governor Raghuram Rajan; he is expected to continue the work started by the current chief.

Aug 21, 2016

By Lara Rebello

Expecting regulators to prevent banking frauds is 'naive and optimistic', says former FSA advisor

Claims industry watchdog is obsolete are 'wide of mark' but body needs better funding, says Ron Gould.

Aug 20, 2016

By Dan Cancian

snoopers charter encryption digitalnote bitcoin

Google and Apple like Ripple's Interledger Protocol for interoperability - and because it's not Visa

Ripple chief technical officer Stefan Thomas gave some insights about W3C's Web Payments Working Group.

Aug 19, 2016

By Ian Allison

Bitcoin Apple Google

The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I

Carmot Capital's George Sokoloff proposes a thought experiment – a breakdown of a well-diversified investment strategy in 1912.

Aug 19, 2016

By Ian Allison

Rakuten Blockchain Lab to open in Belfast

Former Bitnet engineers Stephen McNamara and Fergal Downey will run the lab.

Aug 18, 2016

By Ian Allison

Bitcoin

BTC Relay wants Bitcoin and Ethereum to hang out together

BTC Relay is a bridge between Bitcoin and Ethereum that allows a user to pay with Bitcoin to use Ethereum.

Aug 18, 2016

By Ian Allison

Ethereum Bitcoin

Dataminr solves Twitter's 'needle in haystack' problem for hedge funds and banks

An early alert about the recurring food scare at Chipotle illustrates the power of Dataminr's algorithms.

Aug 18, 2016

By Ian Allison

Twitter

Evraz reports a 38.1% decline in H1 2016 EBITDA to $577m amid weak steel pricing

Net profits saw a 63.2% year-on-year decline to $7m.

Aug 18, 2016

By Kedar Grandhi

Hardware Bitcoin wallet KeepKey integrates with ShapeShift

The Bitfinex hack is driving plenty of demand for cryptocurrency cold storage solutions.

Aug 17, 2016

By Ian Allison

Bitcoin

Norway's sovereign fund downgrades UK property portfolio in light of Brexit volatility

World's largest sovereign wealth fund cuts its UK property portfolio valuation by 5% post-Brexit.

Aug 17, 2016

By Gaurav Sharma

Brexit

HSBC says Hyperledger and R3 should 'put heads together' for trade finance distributed ledger

R3 said its ethos is about industry-wide collaboration and partnering with complementary technology providers.

Aug 17, 2016

By Ian Allison

Bitcoin HSBC

Cobalt DL targets FX post-trade processing with distributed ledger technology

Eight big FX participants commit to new service; First Derivatives becomes investor and tech partner.

Aug 17, 2016

By Ian Allison

Bitcoin

Dash comes to iPhone with Jaxx wallet

Jaxx community overwhelmingly requested integration with 7th most valuable cryptocurrency.

Aug 16, 2016

By Ian Allison

Bitcoin IPhone

Jeremy Corbyn calls for railways to be renationalised as ticket fares rise 1.9%

More misery for commuters as rail fares will rise by 1.9% next year

TUC says fares have risen more than earnings as Jeremy Corbyn calls for rail re-nationalisation.

Aug 16, 2016

By Ian Silvera

Jeremy Corbyn

Blockchain-based Omni Foundation adds 'Euro-coin' pair to its USDT digital dollar on Tether

Real dollar-to-euro trading now available on blockchain through Omni via Tether.

Aug 16, 2016

By Ian Allison

Bitcoin

Edinburgh-based firm says Scottish companies will have more opportunities as part of the union

John Menzies reports a 48% drop in 2016 first-half profits despite a marginal increase in revenues

The group said future sales should benefit if the post-Brexit weakness in sterling continues.

Aug 16, 2016

By Kedar Grandhi

Some are withdrawing 'too much' from their pension pots

According industry data, the attitude of a minority of people aged 55 and over is causing concern.

Aug 15, 2016

By Gaurav Sharma

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