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Canadian Pacific Railway Joins Blockchain In Transport Alliance
Blockchain
Canadian Pacific Railway (NYSE: CP) has joined the Blockchain in Transport Alliance (BiTA). In joining the Alliance, CP is supporting BiTA's mission of producing blockchain  standards that allow for interoperability between participants in the global supply chain. Blockchain is an open, extensible platform capable of sharing shipping events, messages and documents across all the actors and systems in the supply
North Korea’s Nuclear Program Partially Funded by ‘Large Scale Attacks Against Cryptocurrency Exchanges’
North Korean hackers have reportedly stolen up to $2 billion to help fund the country’s nuclear program, the SCMP writes citing a report to the United Nations Security Council. North Korea is using cyberspace “to launch increasingly sophisticated attacks to steal funds from financial institutions and cryptocurrency exchanges to generate income” in violation of sanctions. Cryptocurrency exchanges deal in virtual
Report: The People's Bank of China's Digital Currency Is Now 'Ready'
Barely a month after it accelerated its crypto plans, China’s central bank digital currency (CBDC) is now reportedly “ready.” The Token Post, citing the Shanghai Securities News, reported yesterday that the Middle Kingdom will be rolling out its CBDC “soon.” Mu Changchun, deputy chief of the People’s Bank of China’s payments and settlements unit, said that the CBDC prototype is
Rise Of The Machines With This ETF
AI
Robots haven't taken over the world, at least not yet, but one exchange traded fund powered by artificial intelligence is performing pretty well. The AI Powered Equity ETF AIEQ 0.43% is higher by nearly 19% year to date. What Happened Backed by IBM's famous Watson supercomputer, AIEQ, which turns two years old in October, is an actively managed ETF using
The Tech Advancements That Are Shaping How Brim Financial, Other Fintech Companies Handle Banking
FinTech
Brim Financial CEO and Founder Rasha Katabi offers insight into how the landscape is changing Image source: Money Inc. Time and again technology advancements continue to enhance the way banking is done. From ATMs to electronic statements, the future of banking has always evolved with the progression of technology. The changes to banking in the last few years have been
ECB Signals Easing, But What’s Left in the Policy Arsenal?
Acentral banker’s nightmare is losing control of inflation expectations. Whereas decades ago the challenge facing major central banks was reining in overly high inflation expectations – a process that ushered in central banks’ independence and inflation targets – the European Central Bank’s (ECB) challenge today is reviving unduly low expectations up toward its stated aim of “inflation rates below, but
Hacker Extorts World’s Largest Bitcoin Exchange Over KYC Data
Binance, the world’s largest cryptocurrency exchange by trading volume, recently revealed that it has been targeted by an extortionist seeking “300 BTC in exchange for withholding 10,000 photos that bear similarity to Binance KYC data.” The Malta-headquartered exchange refused to cooperate with the hacker, and as such, a shedload of the photos have been released, including several hundred that he
Chinese Cloud Services Rivalry Heats up as Alibaba, Tencent Face Off
AI
Cloud-as-a-service has emerged as a growth driver for many companies, which explains the huge investments made by some big-name companies such as Amazon.com, Inc. AMZN and Alphabet Inc GOOGL GOOG. Betting On Chinese Cloud Services As with most other innovative cutting-edge technologies, China has emerged as a force to reckon with in the cloud computing sector. China's overall cloud industry
Apple Card – Trailblazer Or Just Another Brick In The Wall?
FinTech
Recent rumblings about the Apple Card and its inability to fund online gambling and crypto transactions seem to put the brand in a funky spot. Not only does the move not match Apple’s identity as an innovator, but also actively works against the unorthodox model it was built on. Image source: YouTube Video Screenshot Bryce Daifuku, CEO and founder of
5 Key Investment Themes for the Remainder of 2019
Rick Rieder and Russ Brownback highlight the investment themes that they think will drive markets and dominate debate within the investment community over the next several months and beyond. Over recent weeks, we have been vocal about five “big themes” for markets that will likely dominate the second half of 2019. These themes take stock of a collection of secular