Financial Regulation

Regulators Play Catch-Up in Bitcoin, Cryptocurrency Craze

Federal regulators are playing a game of catch-up when it comes to monitoring the legal and tax effects stemming from the explosion of investment in …

Bitcoin

Financial firms slash compliance headcount

Financial institutions have begun to cut compliance headcount for the first time since the economic crisis, according to Bloomberg.<p>One big question …

Business

GameCredits takes on Apple and Google with its blockchain-based app store

Cryptocurrency has the potential to disrupt many industries, and a startup called GameCredits hopes to use it to disrupt the mobile app store duopoly of Apple and Google. Its motto is “In games we trust.”<p>GameCredits is creating a blockchain-based app store that will be an alternative place where …

Bitcoin

Alibaba sales rise on Chinese ecommerce boom

Alibaba reported a near doubling in net income to just over $2bn in its first fiscal quarter, beating analyst expectations as the boom in Chinese …

eCommerce

SEC officials' holdings, legal work, pose potential conflicts

Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman …

Corruption

Cloudera Recognized for Cloud-Native Platform-as-a-Service Innovation

Company wins two awards: the Stratus Award for Cloud Computing by Business Intelligence Group; and for the third time, best Hadoop Solution by DBTA …

Big Data

New emerging markets ETF will amplify returns (and losses)

People worried about the “ETF-isation” of emerging markets will soon have another thing to fret about.<p>Direxion, a provider of so-called “leveraged” …

Finance

SEC To Regulate Bitcoin ICOs, Token Sales

Share Email<p>The Securities and Exchange Commission is getting into the bitcoin market, saying it will regulate the popular digital currency and other …

Bitcoin

Suave developer to pay 3.9M for house-flipping scam

Jay Belson, a suave high-end Los Angeles developer and real estate agent, has agreed to pay $3.9 million to settle allegations that he ripped off …

Real Estate

SEC places New York bank IT man at centre of insider trading scheme

25 minutes ago | 69 views | 0<p>The Securities and Exchange Commission has charged seven individuals with insider trading based on tips allegedly …

Banking

News Highlights: Top Financial Services News of the Day

Fed's Williams: Interest Rates About Half Their Normal Level<p>Federal Reserve Bank of San Francisco President John Williams told broadcaster CNN Tuesday that short-term interest rates are currently about half their normal level, and need to rise gradually over the next few years.<p>Wells Fargo Names …

Finance

SEC To Regulate Bitcoin And Friends

Toss the "no government regulation in cryptocurrencies advantage." The SEC is coming.<p>Our securities regulator is making changes, trying and winning …

Bitcoin

Another US player makes a Bitcoin ETF bid

<i>This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Efforts to launch a Bitcoin-related exchange-traded fund (ETF) in the US are evidently not waning: In March, the Winklevoss brothersand cryptocurrency fintech SolidX both …

Business

Upscale Theater Chain iPic to Go Public This Year

Company looks to raise up to $30 million in late fall offering<p>High-end cinema chain iPic theaters is going public in late fall of this year, …

Entertainment

Qualcomm says modem sales to Apple are declining in the midst of lawsuits

Qualcomm told the Securities and Exchange Commission that sales of its modems with CDMA tech to Apple are expected to fall as litigation continues …

Apple

Soros Remains Snap's Sole Big Investor: 13F Filing | Investopedia

Snap Inc. (SNAP) has had a rough go of it since its initial public offering back in March. With shares well under the IPO price and the social media …

Markets

KPMG pays SEC $6.2 million for Miller Energy audit failures

Global auditing giant KPMG agreed to pay $6.2 million in penalties to settle Securities and Exchange Commission charges that it failed to properly audit Miller Energy, an oil driller that emerged from bankruptcy proceedings last year. The Securities and Exchange Commission said KMPG and a partner, …

Regulation

Looking for bubbles? Here are two below-the-radar trouble spots

With stocks hovering around record highs, investors have been on the watch for signs that enthusiasm is getting out of hand. However, the source of …

Cryptocurrency

Wells Fargo Shows Erosion of Corporate Accountability Under Trump

There is an adage that “it’s better to ask forgiveness than it is to get permission.” In the world of corporate misconduct, it seems that there is even less need to beg forgiveness these days as the government scales back how much it will police companies that appear to have violated the law.<p>There …

Business

Gold Investors VanEck Slams Bitcoin While Also Joining Hype

In a confusing move, Money management firm VanEck, who are leaders in gold-related investment funds, slammed Bitcoin as a fad while simultaneously …

Cryptocurrency

News Highlights: Top Global Markets News of the Day

U.K. to Rule Out Extending EU Customs Area to Northern Ireland Post-Brexit<p>The U.K. will on Wednesday rule out extending the European Union's customs area to encircle Northern Ireland after Brexit, saying such a move wouldn't be "constitutionally or economically viable."<p>Trump Order to Speed …

Federal Reserve

Snap shares swing with IPO lock-up looming large

Snap shares traded choppily on Monday after some funds sold their stake in the disappearing message app owner, with a lock-up on the sale of shares …

Markets

CIO 100 2017 Winners Database

How to Use This Chart:Learn about the 2017 CIO 100 Award winners and their winning projects with this interactive chart. Click on the company name to …

Customer Experience

Buffett divests stake in General Electric

NEW YORK: Warren Buffett's Berkshire Hathaway has sold off its stake in General Electric, according to US regulatory papers filed on Monday (Aug …

Stocks

Oil ‘God’ Blames Weaker Outlook and Algos in His Goodbye Letter

The outlook for the oil market next year has "deteriorated in recent weeks," renowned oil trader Andy Hall told investors in a letter dated Aug 1. …

Oil

VanEck filed to launch a Bitcoin ETF a day after a senior exec at the $25 billion fund called it 'a fad'

A nearly 70-year-old financial giant appears to be warming up to the cryptocurrency space as the price of Bitcoin continues to hit new records.<p>VanEck, the New York-based money manager with $24.7 billion in assets, is seeking to launch a Bitcoin ETF, according to an August 11 preliminary filing with …

Cryptocurrency

China’s economy slips as factory output, investment slow

China’s economy faces headwinds this year as the effects of deleveraging and industrial capacity cuts kick in. Photo: Bloomberg<p><b>Beijing:</b> The pace of …

Economy

Critics think IEX’s Yale buds are giving the exchange a boost

IEX, the stock exchange meant to level the playing field for smaller investors, is being criticized by Wall Street for having its friends at Yale — a …

Finance

Bond investors give Tesla a $1.8 billion endorsement

NEW YORK (Reuters) - Bond investors on Friday gave a $1.8 billion boost to Tesla Inc's (O:TSLA) balance sheet by snapping up the electric car maker's …

Stock Markets

Latest Hot Digital Coin Offering: $187 Million in One Hour for Filecoin

Combined with earlier financing, Protocol Labs raises $245 million in virtual currencies to create marketplace for unused computer memory<p>About two weeks after the Securities and Exchange Commission warned it would be patrolling the red-hot market for initial coin offerings, a giant new offering has …

Malaysia