Japan’s technology company SoftBank Group Corp (TYO:9984) has announced that it will invest €900 million in Wirecard (ETR:WDI), the German digital payments company. SoftBank will buy 5-year Wirecard bonds that can convert into an equity stake. The Japanese company stated that the bonds will convert into a 5.6% stake in Wirecard at a price of…
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Despite China’s anathema for all things crypto, Donald Tapscott, chairman of the Blockchain Research Institute and noted author on blockchain matters, believes that, over time, Chinese officials will get over their fears and embrace cryptocurrencies. In an interview with Bloomberg, he noted: In 20 years, we’re not going to be using bitcoin in China. The…
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Australian regulator ASIC just announced that it has welcomed the passage of key financial services reforms contained in the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) legislation. The reforms will include: a design and distribution obligations regime for financial services firms; and a product intervention power for ASIC In less than…
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The privacy network Loki has earlier today announced that it has become Australia’s first privacy software not-for-profit organisation. Loki was registered as the LAG Foundation Ltd with the Australian Charities and Not-for-profits Commission (ACNC). The network's aim is to allow users to transact and communicate privately and anonymously over the internet. Using blockchain technology, Loki supports…
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The Australia and New Zealand Banking Group Limited (ANZ) has announced on Friday (March 22) that it has completed its $3 billion on-market share buy-back with 108.7 million ordinary shares purchased under the program that commenced in January 2018. This equates to approximately a 3.7% reduction in ordinary shares on issue. ANZ Chief Financial Officer…
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Fullerton Markets today announced that it has entered into a white label partnership with BeGold Trading Sdn Bhd, which is based I Malaysia. The collaboration will give BeGold’s clients access to the modern trading platform operated by Fullerton Markets and the benefits associated with the triple fund safeguards provided by the Fullerton Shield. Eugene Paik,…
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Australia Forex and CFD broker EightCap has teamed up with Scuderia Ferrari for the 2019 and 2020 Formula 1® seasons. Scuderia Ferrari is featuring the new look EightCap logo on the front wings of the two single-seaters for both seasons. Joel Murphy, EightCap CEO, said he’s thrilled EightCap was chosen as one of the major…
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Amidst all of the negative press of late related to crypto Initial Coin Offerings (ICOs), the Australian Government’s Treasury department has recently released an issues paper that draws attention to the many advantages and opportunities that ICOs can bring to businesses and to the Australian economy as a whole. The 27-page paper does not ignore…
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Global connectivity provider Avelacom has just announced that it is opening its third point of presence (PoP) in Tokyo. The new PoP is at the AT TOKYO Premium Colocation Space. Avelacom can now deliver ultra-low latency access and increased reliability to firms trading in Japan's capital markets. Avelacom has recently opened a new office in Singapore,…
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The enterprise software firm R3 has just announced its plans to to boost the adoption of Corda in Japan and the wider East Asian region. The blockchain consortium has teamed up with SBI Holdings, which joined R3 back in 2016 and is its largest shareholder. Firms in Japan will now have access to Corda’s ecosystem applications and…
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