businessinsider.com Archives - 30 June 2016, Thursday

  • Digital currency Ethereum is cratering amid claims of a $50 million hack

    DAO hacked, Ethereum crashing in value

    businessinsider.com 17 Jun '16, 10am

    The value of the digital currency Ethereum has dropped dramatically amid an apparent huge attack targeting an organisation with huge holdings of the currency. The price per unit dropped to $15 from record highs of $21.50 in hours, with millions of units of the digital currency worth a...

  • The UK builds a 'fintech bridge' to Singapore

    The UK builds a 'fintech bridge' to Singapore

    businessinsider.com 14 May '16, 7am

    Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management. The basic conflict will be between old firms and new—startups are re-imagining financial services processes...

  • Rolex Daytona bought for $543 now worth $100,000

    businessinsider.com 13 May '16, 1pm

    Well, after finding out the watch could be worth into six figures, the owner proceeded to sell the timepiece to a broker, who then passed the watch along to the boys over at the Keystone, in California, over six months ago! And now that the episode of Antiques Roadshow where this gold...

  • Rolex Daytona bought for $543 now worth $100,000

    businessinsider.com 13 May '16, 1pm

    When he met the appraiser on Antiques Roadshow, he was told the Daytona, which – oh, by the way happens to be a solid-gold Paul Newman Daytona; and oh, by the way it has the original box, papers, receipts, strap, and buckle – could easily be worth $100,000 and that it was a reference ...

  • Singapore indoor waterfall

    businessinsider.com 04 May '16, 6pm

    Singapore's Gardens by the Bay is a giant waterfront park full of stunning sites, like solar-powered "supertrees" and a 115-foot indoor waterfall.

  • Fintech Ecosystem - Financial Technology Research & Business Opportunities

    businessinsider.com 26 Apr '16, 8am

    Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management. The basic conflict will be between old firms and new—startups are re-imagining financial services processes...

  • Fintech Ecosystem - Financial Technology Research & Business Opportunities

    businessinsider.com 26 Apr '16, 8am

    Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management. The basic conflict will be between old firms and new—startups are re-imagining financial services processes...

  • Fintech Ecosystem - Financial Technology Research & Business Opportunities

    businessinsider.com 26 Apr '16, 12am

    Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management. The basic conflict will be between old firms and new—startups are re-imagining financial services processes...

  • 'Bitcoin is dead'

    businessinsider.com 25 Apr '16, 8pm

    Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management. The basic conflict will be between old firms and new—startups are re-imagining financial services processes...

  • Fintech Ecosystem - Financial Technology Research & Business Opportunities

    businessinsider.com 25 Apr '16, 4pm

    Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management. The basic conflict will be between old firms and new—startups are re-imagining financial services processes...

  • Apple Pay and Samsung Pay launch in a new market (AAPL)

    Apple Pay and Samsung Pay launch in Singapore

    businessinsider.com 22 Apr '16, 7pm

    In our latest US in-store mobile payments forecast, we find that mobile payment volume will reach $37 billion this year. This is about half our previous estimate for 2015. The downward revision is primarily the result of later-than-expected launches of major mobile wallets from big te...

  • British government issues landmark license to Bitcoin company Circle

    British government issues landmark license to Bitcoin company Circle

    businessinsider.com 06 Apr '16, 2pm

    Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management. The basic conflict will be between old firms and new—startups are re-imagining financial services processes...

  • What is blockchain?

    businessinsider.com 05 Mar '16, 2pm

    Autonomous Research Blockchains are made up of distributed ledgers. Wall Street banks are buzzing about blockchain. Goldman Sachs says the technology "has the potential to redefine transactions" and can change "everything." JPMorgan last month announced it was launching a trial projec...

  • What is blockchain?

    businessinsider.com 05 Mar '16, 1pm

    Autonomous Research Blockchains are made up of distributed ledgers. Wall Street banks are buzzing about blockchain. Goldman Sachs says the technology "has the potential to redefine transactions" and can change "everything." JPMorgan last month announced it was launching a trial projec...

  • Fintech Ecosystem - Financial Technology Research & Business Opportunities

    businessinsider.com 23 Feb '16, 6pm

    Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management. The basic conflict will be between old firms and new—startups are re-imagining financial services processes...

  • Emerging Markets Bubble

    businessinsider.com 21 Jan '16, 4am

    Encouraged by the rise of China and India in the past decade, investors and economic commentators have eagerly looked toward other emerging market nations in hopes of finding "The Next China" – or at least the next country to supply the raw materials that China needs for its construct...

  • Inside the high-end candy shop selling edible Rolex watches and Ray-Ban shades

    Sweet Saba makes candy Rolexes and Ray-Bans

    businessinsider.com 20 Jan '16, 8pm

    Sarah Jacobs Maayan Zilberman behind the counter the Sweet Saba candy shop. The idea behind New York City-based artist and designer Maayan Zilberman's newest venture, Sweet Saba , is to create "an experience that is edible." The imaginative candy line allows her to create sweet treats...

  • The self-lacing Nike sneakers from "Back To The Future" are real

    businessinsider.com 01 Jan '16, 3pm

    On October 21st, 2015, the very day that Marty McFly and his friends traveled to the future in the 80s movie “Back To The Future Part II,” Nike made the cult film's iconic self-lacing sneakers a reality. The company announced that a limited run of Nike Air Mag sneakers will be release...

  • The future of bitcoin and blockchain: Magister Advisor's Jeremy Millar shares his view

    businessinsider.com 27 Dec '15, 10am

    REUTERS/Mark Blinch A bright future? What's next for bitcoin? 2015 has seen the digital currency's volatility stabilise and price jump , but it has also seen much of the hype dissipate. And there's been a divergence between bitcoin and the technology that underpins it — blockchain. Bl...

  • MAULDIN: Bitcoin 2.0 has a better chance of becoming the world's reserve currency than China's yuan

    China yuan not close to reserve currency

    businessinsider.com 12 Dec '15, 5pm

    China Stringer Network/Reuters Ripped up Chinese yuan. The Chinese renminbi has been recently included in the IMF’s reserve currency basket, which previously consisted of the US dollar, the euro, the British pound, and the Japanese yen. These currencies represent the developed world’s...

  • Privatizing Rolex -- The Fake Tells A Truer Tale

    businessinsider.com 29 Nov '15, 2pm

    Larisa Martynova, the chief executive of Polyot-Chronos, describes the current situation: “The 1st Watch Factory as it was in the Soviet times doesn’t exist anymore. Polyot-Chronos is a group of companies that manufactures several brands of watches, and Polyot is among them. It is dif...

  • Alleged global football match-fixer freed in Singapore

    Alleged global football match-fixer freed in Singapore

    businessinsider.com 25 Nov '15, 9am

    © AFP/File Patrick Hertzog Police say global football match-fixing generates billions of dollars a year in revenues, fuelled in part by the popularity of online betting on match results and more minute game statistics Singapore (AFP) - A Singaporean businessman accused by Interpol of ...

  • Coinbase introduces Bitcoin debit card

    Coinbase introduces Bitcoin debit card

    businessinsider.com 23 Nov '15, 4pm

    Americans are becoming more aware of Bitcoin, but use isn't changing much. Coinbase has 2.8 million Bitcoin wallets — an all time high — but only 20% are used to make payments. The vast majority of these wallets are instead used for speculative trading, treating Bitcoin as a commodity...

  • The Latest: Obama meets Singapore premier, says ties strong

    The Latest: Obama meets Singapore premier, says ties strong

    businessinsider.com 22 Nov '15, 8am

    President Barack Obama, eighth right, and other leaders participate in the East Asia Summit family photo in Kuala Lumpur, Malaysia, Sunday, Nov. 22, 2015. Obama is in Malaysia where he joins leaders from Southeast Asia to discuss trade and economic issues, and terrorism and disputes o...

  • Obama hails 'very strong' relations with Singapore

    Obama hails 'very strong' relations with Singapore

    businessinsider.com 22 Nov '15, 8am

    syndication.ap.org U.S. President Barack Obama attends the 10th East Asia Summit at the 27th ASEAN Summit in Kuala Lumpur, Malaysia, Sunday, Nov. 22, 2015. Obama is in Malaysia where he joins leaders from Southeast Asia to discuss trade and economic issues, and terrorism and disputes ...

  • gmt71_01: The CEO of TagHeuer nailed a ‘huge problem’ with the luxury #AppleWatch #WearableTech #fashion #luxury

    Tag Heuer CEO: Apple Watch Edition has obsolescence problem

    businessinsider.com 18 Oct '15, 2pm

    Golden Dreams The Apple Watch Edition. The CEO of Tag Heuer has fired off a volley against Apple ahead of the launch of Tag Heuer's own high-end smartwatch, claiming the luxury Apple Watch Edition has a "huge problem" — obsolescence. Speaking to CNBC on Monday , Jean-Claude Biver said...

  • Banks' approach to bitcoin is 'cynical', says an ex-Barclays tech chief

    businessinsider.com 18 Oct '15, 11am

    REUTERS/Yannis Behrakis A local strolls at an empty beach past a statue of Diogenes the Cynic in the Greek coastal town of Corinth March 4, 2015. Banks are very interested in the blockchain at the moment, the technology that underpins digital currency bitcoin. The technology has the p...

  • Hundreds of Myanmar citizens line up to vote in Singapore

    Hundreds of Myanmar citizens line up to vote in Singapore

    businessinsider.com 18 Oct '15, 6am

    eapcontent.ap.org Myanmar citizens listen to instructions from a volunteer as they wait for their turn outside Myanmar Embassy in Singapore to cast advance ballots in the country's Nov. 8 parliamentary election on Sunday, Oct. 18, 2015. The large turnout has overwhelmed the embassy st...

  • Rare store sales data highlights Wal-Mart's China challenge - Business Insider #branding #luxury

    Rare store sales data highlights Wal-Mart's China challenge

    businessinsider.com 16 Oct '15, 5pm

    Thomson Reuters A customer shops at a Wal-Mart store in Beijing By Adam Jourdan SHANGHAI (Reuters) - A rare glimpse at figures for a number of Wal-Mart Stores Inc's China outlets shows sales slid 6 percent last year, casting a shadow over the firm's target for China to account for a q...

  • VW diesel cars recalled in China, sales halted in Singapore

    VW diesel cars recalled in China, sales halted in Singapore

    businessinsider.com 12 Oct '15, 10am

    eapcontent.ap.org FILE - In this Sept. 22, 2015, file photo, the logo of Volkswagen at a car is photographed during the Car Show in Frankfurt, Germany. Volkswagen is recalling 1,950 diesel vehicles in China to correct engine software that the automaker has admitted cheats on emissions...