Crypto News 

Businesses Increasingly See Crypto Mining Attacks in Cloud Infrastructures

“The cybersecurity wing of United States telecoms firm AT&T stated that organizations of all sizes continue to face major crypto mining attacks despite the ongoing bear market” writes Helen Partz for cointelegraph.com. After providing a detailed description of hackers’ strategies to mine crypto through cloud structures, AT&T provided a number of recommendations for detecting mining attacks on cloud systems.In the new report, AT&T examined the most significant forms of cryptojacking associated with mining attacks on organizations’ cloud infrastructure.Recently, crypto mining service Coinhive announced its closure, as the platform has reportedly…

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News 

Why New Sales Managers Need More Training

“Sales manager development often produces big effectiveness gains at relatively low cost.Overcoming the obstacles to developing sales managers requires first recognizing the need to develop managers, and then choosing training methods that are both effective and efficient” reports hbr.org. By recognizing the value of developing sales managers and blending the right learning methods, companies can create a winning sales management team and accelerate sales force performance.Most sales leaders would agree with what one sales vice-president once told us: “If your first-line management is broken, the entire sales force will be…

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News Regulators 

Basel Committee Warns Banks Against “Immature” Digital Assets

“The Basel Committee has issued a fresh warning to the banks against the risks associated with digital assets” writes Arnab Shome for financemagnates.com. Compared to the mainstream financial sector, the size of the digital asset industry is small and banks all over the globe also have a “very limited direct exposures” to the cryptocurrency sector.This is not the first warning issued by the committee as, last year, it criticized the digital assets for their lack of scalability. Source: financemagnates.com

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News Stocks 

Brookfield buys most of Oaktree to build juggernaut to rival Blackstone

“Oaktree shareholders can exchange each of their shares for either $49 in cash or 1.0770 Class A shares of Brookfield” writes Midwest Communications Inc for 95kqds.com. Oaktree shareholders, consisting primarily of its founders, certain members of management and employees, will own the remaining 38 percent of the company.The combined businesses will have about $475 billion of assets under management, Brookfield said in a statement.Brookfield approached Oaktree about the deal sometime during the fall season, a person familiar with the matter said.Oaktree’s stock is down around 13 percent in the last…

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Crypto News 

Thirsty California May Be Wary of Blockchain Water Rights

“Now, California is also studying blockchain for use in water rights management, as reported by Cointelegraph” writes Guest Author for cointelegraph.com. Last week, Colorado lawmakers filed a bill exploring how blockchain technology could be applied to water rights management.A blockchain logistics system could be implemented as part of a blockchain-based water management system.Colorado’s Bill 184 says the Pacific Institute should look into water rights database management, the establishment of water “banks” or markets, and general administration with blockchain once it acquires funds.It has already spearheaded a collaboration on water management…

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News 

Neo Launches FX Management For EU Corporates

“Corporate cash management FinTech Neo is rolling out a new solution to help business customers manage their foreign exchange exposure” reports pymnts.com. In an announcement Friday (March 8), Neo said its Neo FX Hub solution enables corporate customers to manage their foreign exchange risk exposures while supporting hedging activity, and provides forwards, swaps and options.With our FX Hub, we have built from scratch a trading floor and coupled it with a treasury management platform.Research released in 2016 from cross-border payments firm Covercy found small businesses in the U.K. are particularly…

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News 

Wells Fargo CEO to tout risk management, remediation to U.S. Congress

“(Reuters) – Wells Fargo & Co Chief Executive Tim Sloan will tout the scandal-plagued bank’s progress in repaying wrongly charged customers and highlight changes to its risk management in testimony to U.S. lawmakers on Tuesday, according to prepared remarks” writes Midwest Communications Inc for 95kqds.com. The bank has improved risk management controls by centralizing oversight and restructuring its board in order to prevent new problems from developing, the remarks said.Last year, the Federal Reserve imposed a consent order on the bank, preventing it from growing its balance sheet until it…

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Crypto News 

US Marshals Service Issues Information Request on Management of Forfeited Crypto Assets

“The USMS has recently published two draft documents including a Request for Information (RFI) for legal procedures of the management and disposal of forfeited crypto assets” writes Cash App Refund for cointelegraph.com. By initiating the RFI, the USMS expects to improve its current custodial operations by maintaining a complete and accurate accounting of the USMS’ virtual currency inventory.The PWS contract includes major activities associated with the management of virtual currencies, including accounting, customer management, audit compliance, managing blockchain forks, wallet creation, transformation of token assets into coin assets and others.In…

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GBP News 

Brexit fallout on UK finance intensifies: think tank

“The independent think tank said half of the affected asset management firms, such as Goldman Sachs Investment Management, Morgan Stanley Investment Management and Vanguard, had chosen Dublin, with Luxembourg the next port of call, attracting firms like Schroders, JP Morgan Wealth Management and Aviva Investors” writes Midwest Communications Inc for 95kqds.com. Paris is carving out a niche for markets and trading operations of banks and attracting a broad spread of firms. Source: 95kqds.com

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