Tuesday , January 22 2019
Home / Banking

Banking

TechCrunch Conversations: Direct listings – TechCrunch

TechCrunch Conversations: Direct listings – TechCrunch Last April, Spotify surprised Wall Street bankers by choosing to go public through a direct listing process rather than through a traditional IPO. Instead of issuing new shares, the company simply sold existing shares held by insiders, employees and investors directly to the market – …

Read More »

New policy puts revenue squeeze on China’s payments giants – TechCrunch

New policy puts revenue squeeze on China’s payments giants – TechCrunch The era that saw China’s mobile payments providers making handsome interest returns on client money has officially ended. Starting this week, non-bank payments companies must place 100 percent of their customer deposit funds under centralized, interest-free accounts as Beijing …

Read More »

Barclays and Clearmatics Call on Coders to Help Blockchains Talk to Each Other

Barclays and Clearmatics Call on Coders to Help Blockchains Talk to Each Other U.K. bank Barclays and London-based startup Clearmatics are inviting coders to come up with ways to connect ethereum with made-for-enterprise blockchains such as Hyperledger Fabric. The interoperability challenge is being hosted by Clearmatics and will use a …

Read More »

Driving down the cost of preserving genetic material, Acorn Biolabs raises $3.3 million – TechCrunch

Driving down the cost of preserving genetic material, Acorn Biolabs raises $3.3 million – TechCrunch Acorn Biolabs wants consumers to pay them to store genetic material in a bet that the increasing advances in targeted genetic therapies will yield better healthcare results down the line. The company’s pitch is to “Save …

Read More »

The First Live Enterprise Blockchain Sets Sights on Every Area of Global Trade

The First Live Enterprise Blockchain Sets Sights on Every Area of Global Trade In a space infamous for promising radical transformation but delivering mostly prototypes so far, Roberto Mancone, we.trade’s chief operating officer, has a record of making good on his pledges. Early last year, he promised the trade finance …

Read More »

Pakistani Bank Teams With Alipay for Blockchain Remittances

Pakistani Bank Teams With Alipay for Blockchain Remittances Pakistan-based Telenor Microfinance Bank, a subsidiary of Norwegian telecoms multinational Telenor Group, has launched cross-border payments using blockchain technology from payments firm Alipay. Claiming it as Pakistan’s first blockchain-based international remittance service, the bank announced Tuesday that the product is a joint effort …

Read More »

Stablecoin Issuers May Need Licenses in Texas, Unlike Most Crypto Startups

Stablecoin Issuers May Need Licenses in Texas, Unlike Most Crypto Startups Stablecoins may qualify as “money” under Texas law, according to updated guidance from the state Department of Banking. A memo published Wednesday by Texas Banking Commissioner Charles Cooper outlines how cryptocurrencies are to be treated under local and federal …

Read More »