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UBS Is Using Ethereum Technology To Soften The Impact Of MiFid II
After devising blockchain-based systems to help facilitate equity and bond trading (remember Goldman’s cryptocoin?) as well as derivatives clearing, some of the leading banks in the blockchain space are banding together to build a system that they hope will help banks streamline another essential function: Compliance.
GE Is Trying To Figure Out Who Knew About Immelt's "Chase Plane"
The Wall Street Journal broke one of the most memorable news stories of the year over the summer when it reported that former General Electric CEO Jeff Immelt – who bowed out in June amid intensifying pressure to revitalize the company’s long-suffering share price – would routinely use a "chase plane" when flying to foreign destinations - that is, a second completely empty jet would fly behind Immelt's aircraft.
Bitcoin Bears Unleashed? Interactive Brokers Folds, Will Allow Clients To Short Futures
A week after Thomas Peterrfy, the founder, Chairman and CEO of Interactive Brokers and one of the 'giants' of electronic trading in US financial markets warned that:
"the introduction of bitcoin futures into a clearing house could increase systemic risk."
And just days after the firm said its
"clients would be unable to short the bitcoin futures market because of the extreme volatility of bitcoin."
Crypto Scam, The Crypto Company, Collapses on Non-Existent Volume
Content originally published at iBankCoin.com
This little pink sheeter ran up 20,000% because MUH Bitcoin, hitting a market cap of $12.6b, and now it's all unraveling under the hard realities of mathematics driven by greed.
Even down 65% for the day, on 11,000 shares traded, the market cap is still over $4 billion.
According to the most recent financials published with the SEC, the company had a whole $3 million in cash.