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Saudi Aramco has indicated in its prospectus that less than 1% of its shares are available for retail investors in its upcoming IPO.In what seems like a preference for institutional investment, Saudi Arabia’s State Oil Company Aramco in its prospectus has indicated offering of less than 1% of the shares
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In a press release yesterday supermarket Goliath Walmart announced international payments in collaboration with RippleNet partners Ria and MoneyGram. Walmart has a yearly revenue of half a trillion and was founded in 1969 by the Walton family, with nearly 12,000 in 27 countries under 55 different names. MoneyGram & Walmart have worked
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Huobi Cloud, part of the crypto exchange Huobi Group, has announced its plan to provide more local financial institutions with white-label exchange services based on cloud technology in the Middle East and Africa. Existing institutions include the Nigeria-based SaBi
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Canadian investment fund manager 3iQ will now be able to offer Canadian retail investors a regulated, publicly-traded Bitcoin (BTC) fund.Bitcoin fund available to retail investors by end of yearIn an Oct. 30 press release, 3iQ announced that it had received a favorable ruling from the Ontario Securities Commission (OSC)
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In a press release issued on October 21, 2019, Bitcoin IRA, a firm that claims to be the world’s first, largest and most secure digital asset IRA technology company, announced that it had partnered with cryptocurrency trading and lending firm Genesis to allow its clients to earn interest on crypto
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Kathleen Murphy, personal investing president of American financial services company Fidelity Investments, has said that the firm does not offer cryptocurrencies on retail trading platforms to protect its clients.Murphy voiced this sentiment during an interview with CNBC published on Oct. 11. After the interviewer asked when she expects users
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A crypto derivatives exchange is launching physically-delivered futures contracts that will be settled based on whether Facebook’s Libra does or does not launch in 2020.According to Bloomberg’s report on Oct. 7, the new offering is slated for launch by the Seychelles-registered CoinFlex exchange via an “Initial Futures Opening” (IFO)
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Australian startup Incent plans to offer a 20% payback in its INCNT token on fuel purchases at United Petrol stations for a limited time. Incent announced in a press release published on Sept. 26 that participants will have to sign up on its platform and sync their bank accounts in
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According to a report published by swissinfo.ch on September 19, 2019, Arab Bank Switzerland has joined the list of established banks which offer access to digital asset products. A New Bank in the Crypto Sphere Arab Bank Switzerland, a bank specializing in private banking and trade financing, has partnered with blockchain technology
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Ripple-backed content platform Coil and major open-source browser Mozilla have teamed up to give away a $100 million grant for web monetization.In a Sept. 16 blog post, the team behind Coil revealed that it, Mozilla and Creative Commons, a nonprofit that provides free licenses for creators, are jointly donating
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