Crypto News 

Ledger secures $75m for crypto security

“The demand for secure crypto storage is almost as high as the demand for the assets themselves” reports newsbtc.com. Security will be paramount to its success and we believe that Ledger has built the world’s best security platform to manage private keys for all blockchain and crypto asset applications.Leading the way was London based capital markets firm Draper Esprit whose CEO Simon Cook said; “Blockchain, as evidenced by crypto assets, is a truly revolutionary technology.Ledger is one such company and it has just secured its second round of investments which…

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BNY Mellon to raise wages for 1,000 workers

“Scharf, a former Visa Inc. and J.P. Morgan Chase & Co. executive who joined BNY Mellon in 2017, is reviewing the trust bank’s businesses and operations” writes Justin Baer for marketwatch.com. BNY Mellon is the latest bank to announce higher wages or one-time bonuses for lower-paid employees since a sweeping tax-overhaul bill was passed in late 2017. BNY Mellon executives said they expect revenue growth would outpace expenses in 2018. Source: marketwatch.com Share This:

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Three major incumbents are dedicating funds to fintech

“Discusses what the future of financial services will look like as fintech embeds itself into the financial mainstream” writes Lea Nonninger for businessinsider.com. And now, three big incumbents — US financial holdings company BB&T, UK bank Standard Chartered, and Japanese financial services company SBI Holdings — are adding fuel to this trend by launching new fintech funds.This is good news for the fintech industry, as the three incumbents will likely fund a plethora of fintechs and implement their solutions throughout the next year.Maria Terekhova, research analyst for BI Intelligence, Business Insider’s…

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Apple has $200 billion to play with — here’s what it might do with all its overseas cash

“An Apple representative did not immediately return a call seeking clarification about the company’s plans for its overseas cash” writes Troy Wolverton for businessinsider.com. But it was unclear exactly how much of these investments will come from Apple’s overseas cash stash as opposed to the cash it generates from its ongoing operations.As of the end of Apple’s fiscal year last September, the iPhone maker had $253 billion in overseas cash and so-called marketable investments.Before talking about how Apple will spend the money, it’s important to understand some of the dynamics…

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Crypto News 

Investors could lose everything on cryptocurrency fundraises, regulator warns

“Buying into initial coin offerings (ICOs) can lead to the total loss of an investment, said the head of a top European regulator” writes unknown author for cnbc.com. ICOs bear similarities to initial public offerings for a stock, but in an IPO, the investor usually has a stake in the company, whereas coin sales differ widely in terms of acquired rights.”You don’t have the regular protection that regulated investments offer, and can lose all of your investments,” Maijoor said Tuesday. “As a European securities market authority, we have warned, in…

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California’s pain could be Colorado’s gain as VCs shift investments outside Silicon Valley

“Time is money, and many VCs may see sourcing investments from external hubs as not worth the cost,” Sostheim said in the report” writes Becky Peterson for businessinsider.com. She continued: “Geographically diverse investments tend to be less expensive for VCs while still offering competitive performance.”.  Source: businessinsider.com Share This:

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Trump’s trade policies could cancel out the benefits of tax reform, EY says

“Tax reforms may help the United States score more investments from both local and foreign companies, but those benefits could be offset by the Trump administration’s protectionist trade policies, a major accounting firm said Friday” writes Yen Nee Lee for cnbc.com. Since President Donald Trump took office, the U.S. has pulled out of the Trans-Pacific Partnership and is re-negotiating the North American Free Trade Agreement and the Korea-United States Free Trade Agreement. “(What) everyone has to keep an eye on is the trade issue.A lot of it is also dependent…

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News Oil 

Oil giants sued by NYC over climate change allegations

“Fossil fuel securities are underperforming and officials say the outlook for fossil fuel investments continues to be negative” reports foxbusiness.com. The city alleges the fossil fuel industry was aware for decades that burning fuel was impacting climate change.She says hundreds of institutional investors managing assets of over $5.5 trillion have taken their money out of fossil fuel investments.Andrew Cuomo announced plans to have the state pension funds also divest from fossil fuel investments.San Francisco, Oakland, and Santa Cruz, California, have filed similar lawsuits against oil companies. Source: foxbusiness.com Share This:

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Target upgraded on accelerating earnings growth following investments

“TGT, +0.65% was upgraded to positive from neutral at Susquehanna Financial Group now that analysts see accelerating earnings growth following a period of investments in digital and private label brands” writes Tonya Garcia for marketwatch.com. Analysts led by Bill Dreher see earnings-per-share growth at a double-digit rate for fiscal 2018. Source: marketwatch.com Share This:

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