Stock exchanges find novel uses for blockchain

BLOCKCHAIN, THE technology underlying bitcoin and other cryptocurrencies, was designed with an ideological aim: to sidestep central authorities and governments. But many people have become intrigued by its practical uses, such as updating back-office processes. And few institutions have shown more interest in such applications than financial exchanges. Although stock trades are often made in […]

The Battle of the Exchanges Takes Off Between China and Hong Kong

Shortly before Charles Li boarded a plane to Beijing, the head of Hong Kong’s stock exchange admitted that there had been some “disagreements” over the future of Stock Connect, the trading link between Hong Kong and mainland China’s equity markets. At the heart of the dispute was a weekend announcement by the Shanghai and Shenzhen […]

Two Asian stock exchanges tussle over market data

BUYING and selling shares in India is not for the faint of heart. Its own central-bank governor reckons equity capital is taxed up to five times. Never fear. There is a well-established alternative. Investors can just as easily buy financial instruments that track share prices but are not themselves shares. Such “derivatives” are used across […]

Japan’s cryptocurrency exchanges plan self-regulating committee

Government-registered cryptocurrency exchanges in Japan are setting up a self-regulation body in the region. The move, Reuters reports, is an effort to legitimize and establish trust in the area following the $ 530 million Coincheck theft in January. There isn’t a name for the body yet and similarly, there’s no word for when all the […]

China is moving to eliminate all cryptocurrency trading with a ban on foreign exchanges

ANTHONY WALLACE/AFP/Getty Images) China has previously taken steps to curb cryptocurrency trading in the country, but recent moves may eliminate trading in the country completely.  People’s Bank of China said on Sunday that it would block access to all domestic and foreign cryptocurrency exchanges and ICO websites. China already banned Bitcoin exchanges in late 2017 as […]

FARC exchanges weapons for words in historic Colombian election (VIDEO)

A political party consisting of former members of the guerrilla group FARC will make its electoral debut in Colombia’s upcoming legislative and presidential elections, as part of a historic peace agreement with the government. Rebranded as the Revolutionary Alternative Common Force (formerly Revolutionary Armed Forces of Colombia) in order to preserve its iconic acronym, the […]

Report says North Korean hackers have been targeting South Korean cryptocurrency exchanges

Reuters/KCNA North Korean hackers have been linked to recent attacks on a South Korean cryptocurrency exchange.  US cyber-security firm Recorded Future analyzed methods used in recent cryptocurrency attacks and noticed a trend.  The malware is linked to a North Korea-tied hacking unit called Lazarus. The report comes amid recent allegations that North Korea is mining and hacking cryptocurrencies […]

Square is taking on the big cryptocurrency exchanges — and it represents a $30 million opportunity (SQ)

Richard Drew/AP Square is running a trial that allows some users of its Cash App to buy and sell bitcoin. A full roll-out of the trial could translate into $ 30 million in revenues for the company, according to Credit Suisse. It could also cut into the market share of existing cryptocurrency exchanges such as Coinbase.  […]