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21 Flips | 2 Magazines | 19 Likes | @zeroboi | Keep up with zeroboi on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “zeroboi”

In just 24 hours, the bad news about India’s banks has gotten worse

Is India’s banking sector imploding?<p>In the last 24 hours alone, the country learnt that the industry has written off bad loans worth nearly four times the latest annual budget of the Nepal government. What’s worse, the number may as much as double if a forecast from a global investment bank comes …

WTF are CDRs? (other than a potential trillion-dollar market)

Over the past few days, the Chinese government announced the potential creation of a new trillion-dollar investment market, and it isn’t an April Fools’ joke.<p>China’s tech giants like Alibaba and Tencent are some of the most valuable in the world, and upcoming potential IPOs by the next generation …

A financial crisis in 2018? The danger signs are starting to emerge

It is 10 years since the last financial crisis, and it has taken that long for normality to return.<p>For the first time since the crisis, major …

Stock Markets

Every investor needs to know these 12 valuation ratios

An uninformed investor: "This stock is so cheap! The current stock price is only $0.50!"<p>A smart investor: "Umm…the stock price means nothing. Your stock's EBITDA multiple is negative!"<p>I know. Cheesy example. But hopefully, it gets the point across. Just because the stock price is trading under $1 …

Blockchain technology could be even more disruptive than Amazon was 2 decades ago

I feel blessed because travel allows me to meet and speak at length with some truly fascinating and successful people, from CEOs of firms both large and small, to deal lawyers, to audit partners.<p>Hearing varying opinions on global issues and politics has helped expand the scope and depth of my …

Banks and tech firms apply blockchain to trade finance

LONDON/HONG KONG (Reuters) - An HSBC and Bank of America Merrill Lynch venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes.<p>The two banks said they had joined with the Infocomm Development …

Correspondent banking would benefit from blockchain

Two small companies based in Sydney are pushing ahead with blockchain strategies to help banks in the fight against international money laundering …

State Bank of India

Cryptocurrency raider takes $60 million in digital cash

A cryptocurrency is only as reliable as the technology that keeps it running, and Ethereum is learning this the hard way. An attacker has taken an estimated $60 million in Ethereum's digital money (Ether) by exploiting vulnerabilities in the Decentralized Autonomous Organization, an investment …

Cryptocurrency

How Blockchain Technology Could Change The World

There’s a lot of hype in the air about blockchain technology at the moment. A recent World Economic Forum report predicts that by 2025 10% of GDP will be stored on blockchains or blockchain related technology. This means it’s probably something which everyone involved in business should take notice …

Blockchain

Five Myths About the Blockchain Revolution

Blockchain technology is the most important invention in computing in a generation because, for the first time in human history, we have at our disposal a truly native digital medium for peer-to-peer value exchange. Blockchain, a vast global platform based on a distributed ledger, establishes the …

Here's Why the Blockchain Powers Prosperity

Prosperity first and foremost is about one’s standard of living. To achieve it, people must have the means, tools, and opportunities to create …

THE BLOCKCHAIN REPORT: Why the technology behind Bitcoin is seeing widespread investment and early application across the finance industry

Blockchain technology, which is best known for powering Bitcoin and other cryptocurrencies, is gaining steam among finance firms because of its potential to streamline processes and increase efficiency. The technology could cut costs by up to $20 billion annually by 2022, according to …

Blockchain sends banking regulators back to basics | Reuters

LONDON/HONG KONG (Reuters) - The ‘fintech’ sector hoping to revolutionize finance with the adoption of blockchain, or distributed ledger technology, is forcing global financial regulators to start looking at whether they need to change the rules governing markets and banking.<p>Bank of England Deputy …

Tek Savvy: How Blockchains Could Transform Management

<i>Re-architecting the firm with blockchain: Is Craig Wright really Satoshi Nakamoto, the mysterious creator of Bitcoin? Who knows -- and really, who cares? The bigger issue is blockchains, the distributed ledgers that underpin cryptocurrencies like Bitcoin.</i><p>Blockchain technology has so many uses that …

FinTech Challenges: Disintermediation and Blockchain

FinTech means many things to many people. For some it’s about disintermediation, while for others it refers to startups involved in blockchain, …

Mobile Devices

Blockchain Developments Show How Quickly Financial Services Could Be Transformed

In 2015, as financial institutions woke up to the possibility for blockchain technology, which powers Bitcoin, to improve their processes, a horse race began for incumbents to take advantage of the technology before the Bitcoin network gobbles up too much of their business. Throwing both money and …

Blockchain

Widespread Blockchain Adoption Will Take Time, Says MIT Panel

Widespread deployment remains a distant goal as stakeholders grapple with complexity and evolving standards<p>By<p>Steven Norton<p>Steven Norton<p>The Wall Street Journal<p>Biography<p>@steven_norton<p>steven.norton@wsj.com<p>CAMBRIDGE, Mass. — Blockchain has seemingly limitless applications but as CIO Journal has noted, …

Visa plans to expand its Indian hub to boost blockchain development

<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Visa is planning to expand its presence in India.<p>The financial services company intends to enhance its tech center and innovation hub in Bangalore, India, according to the …

How Will Blockchain Change Banking? How Won't It?

<i>Editor's Note: This article was first published in American Banker, and is an adapted excerpt from the Tapscott's recently released book 'Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World.'</i><p>Our global financial system moves trillions of dollars, …

Blockchain startup R3 is raising $200 million from big banks — but one of them is 'throwing stones'

But at least one of the banks signed up to R3's industry-wide consortium is unhappy with the investment terms proposed, according to two people close to the negotiations.<p>R3 was founded last year by Wall Street veteran David Rutter to try and bring blockchain technology to mainstream …