currencies

CPG Companies Must Ditch Spreadsheets and Embrace Technology

CPG Companies Must Ditch Spreadsheets and Embrace Technology Share this: Blog / CPG Companies Must Ditch Spreadsheets and Embrace Technology CPG companies can collaborate more effectively, get consensus, and make better decisions faster with the right solutions for S&OP success. To say that today’s CPG marketplace has faced some disruption is an understatement, and the pandemic is only one of the elements causing turmoil. Companies using outmoded tools such as Excel spreadsheets and simple database systems to manage sales and operations planning (S&OP) have found themselves in an almost impossible position

China Can’t Regulate Virtual Worlds – The Pros of Decentralized Metaverses

China’s crackdown on cryptocurrencies has reached a new level of intensity in recent weeks. The People’s Bank of China (PBOC) has previously decided to prohibit financial institutions from dealing in virtual currencies, including Bitcoin and Ethereum. More recently, the PBOC has attempted to shut down cryptocurrency transactions and mining entirely. This news has sent shockwaves throughout the industry and caused many traditional financial firms to rethink their involvement with cryptoassets. In particular, it’s been a major blow for Chinese bitcoin miners who are now scrambling to find ways of preserving

Brazil announces tougher penalties for crypto money launderers.

Money launderers in Brazil who turn to digital currencies will face longer prison sentences and higher fines if a proposed bill gets through parliament. The proposed bill doubles the monetary penalty and prescribes over 16 years in maximum jail time for convicted offenders. Money laundering through cryptocurrencies has become a concern for many governments across countries in recent times, with some like China arresting over 1,000 this year for it. Brazil lawmakers proposed an amendment to financial laws to stop money laundering through crypto.  In Brazil, the Chamber of Deputies—the

Netflix to Premiere a Documentary Themed on the Deceased QuadrigaCX CEO

Netflix, one of the most popular video streaming platforms in the world, released a trailer of an upcoming documentary about Gerald Cotten, the CEO of the now-defunct crypto exchange QuadrigaCX who passed away under suspicious circumstances.The documentary, titled ‘Trust No One: The Hunt For The Crypto King,’ will premiere on the platform in 2022. “Follow a group of investors turned sleuths as they try to unlock the suspicious death of cryptocurrency multimillionaire Gerry Cotten and the missing $250 million they believe he stole from them. Premieres in 2022,” Netflix commented

Bitcoin Regains $50,000 Price Level for the First Time in 13 Weeks

Bitcoin bulls are back with a significant price rally. BTC’s retail and institutional demand are on the rise again as the world’s largest cryptocurrency crossed the price level of $50,000 for the first time since May 2021.The latest data published by Coinmarketcap shows that the total market cap of Bitcoin now stands at around $950 billion, compared to $550 billion in May 2021. BTC’s current crypto market dominance stands at around 43.8%.Apart from Bitcoin, several other cryptocurrency assets also saw substantial gains in the last 24 hours. The most prominent

Liquid Exchange Hacked, Loses Nearly $100 Million

A crypto exchange known as Liquid – which is based in Japan – has been hacked, leaving it short of nearly $100 million in digital funds. Liquid Has Lost a Lot of Money The hackers involved in the incident have allegedly taken as much as $97 million in digital currency at the time of writing. Several assets – including bitcoin, Ethereum and Litecoin – have been stolen. Liquid has reported that the hacker is allegedly transferring this money to as many as four separate wallets. The company posted a statement

Deloitte Survey: Crypto Will Rival or Replace Fiat Within 10 Years

In brief The majority of finance professionals thought that blockchain has a lot of potential in their businesses. But many said there are major obstacles, such as old infrastructure, patchy regulatory frameworks, and glaring cybersecurity risks. Deloitte's annual global blockchain survey has found that 76% of finance professionals think that digital assets “will serve as a strong alternative to, or outright replacement for, fiat currencies in the next 5–10 years.”Deloitte is one of the “Big Four” accounting firms along with KPMG, EY, and PwC. It’s conducted a blockchain survey for

“Cashless” Rich Turrin, DigFin VOX, Ep 12

Richard Turrin is a consultant and author based in Shanghai. He began his career on investment banking trading floors. From 2013 to 2016 he worked at IBM’s artificial unit, Watson, where he was in charge of its Asia-Pacific fintech operations. His latest book is “Cashless: China’s Digital Currency Revolution”. He joins DigFin’s Jame DiBiasio to talk about the key themes of the book, including the nature and design of central-bank digital currencies (CBDCs), their uses, and their development in the context of China’s fintech story. Perhaps most pointedly, Turrin identifies