Archive by Author

PitchBook Benchmarks Reveal Slowing Private Equity Distributions, While Recent Venture Funds Have Returned Capital at a Record Clip

15 Mar
Venture Funds

SEATTLE, NEW YORK, SAN FRANCISCO and LONDON, March 16, 2018 /PRNewswire/ — PitchBook, the premier data provider for the private and public markets, today released fund performance data through 2Q 2017 from its stand-alone performance measurement product, PitchBook Benchmarks. The comprehensive performance data is designed to help limited partners (LPs) and general partners (GPs) better understand private market fund performance relative to broader […]

The Art Basel and UBS Global Art Market Report: Return to Growth for Global Art Market, with China Overtaking the UK

13 Mar
Global Art Market

LONDON, March 13, 2018 /PRNewswire/ — – Global art market up 12% to an estimated $63.7 billion, after two years of decline – China narrowly overtakes the United Kingdom as second largest market; US retains position as the largest market, and regains ground with an increase in sales of 16% year-on-year – UBS research collaboration reveals fresh insights on collecting behaviors of […]

The Praetorian Group’s PAX Coin is the First Cryptocurrency ICO to File With the U.S. Securities & Exchange Commission

12 Mar
Cryptocurrency - U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station

The Praetorian Group has officially filed for registration of the PAX coin with the U.S. Securities & Exchange Commission (SEC). NEW YORK, March 12, 2018 /PRNewswire/ — The Praetorian Group and PAX coin, cryptocurrency’s first sound money crypto, has filed its S-1 registration statement with the United States Securities Exchange Commission (“SEC”). The Praetorian Group’s actions to file […]

China Offshore Investment and Banking Secrecy

11 Mar
China Offshore Investment and Banking Secrecy

Hiding assets PRC style (off the grid) and pretending someone else called ”Aunty”, a business, trust or nominee account owns them puts you at criminal risk needlessly. ORSO402(b) legal non-disclosure programming has regulatory recognition in Hong Kong, in the Peoples Republic of China and anywhere else you can think of is AEOI tax rules compliant […]

Financial Institutions AML & KYC

10 Mar
Privacy-Protection Policy

Financial institutions fear to be wittingly or unwittingly implicated when they are used to settle, facilitate, or finance international trade transactions (e.g., through processing wire transfers, providing trade finance, and issuing letters of credit and guarantees). Implication is criminal prosecution for money laundering. Financial Action Task Force (FATF) rules extends to everybody and leads to […]

What you need to know about blockchain and cryptocurrency in the US and China

08 Mar
blockchain and cryptocurrency in the US and China

BOSTON, March 9, 2018 /PRNewswire/ — In 2018, China’s official media organ People’s Daily published a full-page report entitled “Leveraging Blockchain to Become a Leader in the Digital Economy”, again emphasizing that blockchain ushers in a new era as the catalyst of a next-generation technology revolution. In the capital market, prices of blockchain concept stocks have fluctuated wildly. The […]

Investments in Blockchain Technology Continues to Accelerate

07 Mar
Blockchain Technology

Increasing adoption of blockchain technology and cryptocurrencies is one of the factors that attract worldwide spending on blockchain solutions. Jessica Goepfert, program director, Customer Insights & Analysis, said, “There are a multitude of potential new use cases for blockchain, as transactions and records are the lifeblood of just about every organization. However, we are seeing initial […]

Banks Learn How to Profit From the Transaction Banking Gold Rush at Annual iGTB Oxford School

05 Mar
Oxford School of Transaction Banking

“Roll up for the transaction banking gold rush,” was the rallying cry as 60 senior transaction bankers from across the globe convened for the annual iGTB Oxford School of Transaction Banking, hosted by corporate banking technology specialist Intellect Global Transaction Banking (iGTB). The continued acceleration of digital transformation was high on the agenda, and, with […]

Talk About Money: Financial Education Benefits Center Encourages Open Financial Communication

03 Mar
Money, Dollars, Pocket, Bank, Income, Salary, Cash and tax reform

SAN RAMON, Calif., March 2, 2018 /PRNewswire/ — Talking about finances can be awkward, but sometimes it is necessary. Financial experts always advise couples to talk about money, but even mentioning finances with friends can result in stronger friendships. Besides the benefits that come with open communication about something as important as finances, other people may have different […]

Offshore Tax Haven Marshall Islands to Issue National Cryptocurrency

01 Mar
Marshall Islands

Marshall Islands Govcoin ICO The Republic of the Marshall Islands plans to issue its own cryptocurrency as an official legal tender, to be known as the Sovereign. The local parliament voted this week to proceed with the issuing plan, Kenneth Kedi, a senator and the body’s speaker, said in a Bloomberg interview. A council still has […]

China Takes Top Spot in Multinationals’ Global Investment Plans

28 Feb
Guangzhou China Investment

Guangzhou, followed by Shenzhen Rated Most Favored Investment Destination in China GUANGZHOU, China, March 1, 2018 /PRNewswire/ — The American Chamber of Commerce in South China (“AmCham South China“) today released its 2018 White Paper on the Business Environment in China and 2018 Special Report on the State of Business in South China. The 533-page 2018 White Paper, now in its tenth year, presents a highly researched, […]

BitGo Enters Into Agreement To Acquire Kingdom Trust

27 Feb
Kingdom Trust Lighthouse and bridge at sunset

BitGo’s Combined Offering with Kingdom Trust Provides the First Complete and Independent Qualified Custodial Offering for Bitcoin, Ripple, Ethereum, and More PALO ALTO, Calif.–(BUSINESS WIRE)–BitGo, the leader in digital currency security solutions for institutional investors, announced that it has entered into a definitive agreement to acquire Kingdom Trust Company, a South Dakota-chartered, fully regulated trust […]