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Today 534 news :


  • Veem raises $24 million to simplify global payments, par Bérénice Magistretti, 8 March 2017

    Wednesday 8 March 2017 :: VentureBeat » Bitcoin :: RSS


    Veem announced today that it has closed a $24 million funding round. The startup offers small and medium-sized businesses (SMBs) around the world an easy solution for sending and receiving money. More than 95 percent of all businesses across the world — some 20 million — are SMBs, which represents an enormous potential market.
    “While enterprise-sized businesses can rely on Treasury departments or deep bank relationships to manage their global payments, SMBs typically have to deal with the archaic, cumbersome, expensive world of bank wires,” wrote founder and chief executive Marwan Forzley, in an email to VentureBeat.
    Consider a small business in Malaysia that wants to wire money to another business in Ukraine. Using Veem, both parties create profiles, link their bank accounts, and send the money for receipt — usually overnight, though the process can take three to four days.
    The startup doesn’t charge a commission on transactions, but instead takes a spread on the currency exchange, starting at 1.9 percent — transaction volumes over $25,000 can see fees go down to 1.5 percent. These fees are well below the three to six percent rates charged by banks, according to Forzley. For same currency exchanges (USD-USD), Veem charges a $15 receiver fee per transaction.
    The startup occasionally turns to blockchain technology for certain transactions, but the team has noticed some constraints. “The limits of blockchain liquidity and its volatility can outweigh the advantages gained in speed and tracking transparency,” said Forzley. The system does not take or deliver blockchain currencies such as Bitcoin.
    Formerly known as Align Commerce, the startup changed its name to Veem as a snappier alternative, Forzley said. “Next time, just Veem it,” he wrote. But it sounds an awful lot like Venmo, the digital wallet that lets you make and share payments with friends. However, Veem distinguishes itself by providing its services to businesses, not individuals.
    TransferWise, which recently launched an option for businesses, could be viewed as a competitor, although Forzley says they “still put a lot of burden on the sender in terms of form requirements and charging fees.” He considers banks to be Veem’s main competition.
    Yet it was a bank that funded Veem — National Bank of Australia led today’s round (Veem has several Australian customers), with new investors GV (formerly Google Ventures) and SBI Investment joining. Existing investors Kleiner Perkins Caufield & Byers and Silicon Valley Bank also participated. This brings the total raised to date to just over $40 million.
    The new money will be used to further develop the platform, make additional hires, and expand into new markets. Founded in 2014, the San Francisco-based startup currently has just under 50 employees.
     
    Sign up for Funding Daily: Get the latest news in your inbox every weekday.
    Read more Bérénice Magistretti
  • Veem raises $24 million to simplify global payments, par Bérénice Magistretti, 8 March 2017

    Wednesday 8 March 2017 :: VentureBeat » Bitcoin :: RSS
    Veem payment platform

    Veem announced today that it has closed a $24 million funding round. The startup offers small and medium-sized businesses (SMBs) around the world an easy solution for sending and receiving money. More than 95 percent of all businesses across the world — some 20 million — are SMBs, which represents an enormous potential market.
    “While enterprise-sized businesses can rely on Treasury departments or deep bank relationships to manage their global payments, SMBs typically have to deal with the archaic, cumbersome, expensive world of bank wires,” wrote founder and chief executive Marwan Forzley, in an email to VentureBeat.
    Consider a small business in Malaysia that wants to wire money to another business in Ukraine. Using Veem, both parties create profiles, link their bank accounts, and send the money for receipt — usually overnight, though the process can take three to four days.
    The startup doesn’t charge a commission on transactions, but instead takes a spread on the currency exchange, starting at 1.9 percent — transaction volumes over $25,000 can see fees go down to 1.5 percent. These fees are well below the three to six percent rates charged by banks, according to Forzley. For same currency exchanges (USD-USD), Veem charges a $15 receiver fee per transaction.
    The startup occasionally turns to blockchain technology for certain transactions, but the team has noticed some constraints. “The limits of blockchain liquidity and its volatility can outweigh the advantages gained in speed and tracking transparency,” said Forzley. The system does not take or deliver blockchain currencies such as Bitcoin.
    Formerly known as Align Commerce, the startup changed its name to Veem as a snappier alternative, Forzley said. “Next time, just Veem it,” he wrote. But it sounds an awful lot like Venmo, the digital wallet that lets you make and share payments with friends. However, Veem distinguishes itself by providing its services to businesses, not individuals.
    TransferWise, which recently launched an option for businesses, could be viewed as a competitor, although Forzley says they “still put a lot of burden on the sender in terms of form requirements and charging fees.” He considers banks to be Veem’s main competition.
    Yet it was a bank that funded Veem — National Bank of Australia led today’s round (Veem has several Australian customers), with new investors GV (formerly Google Ventures) and SBI Investment joining. Existing investors Kleiner Perkins Caufield & Byers and Silicon Valley Bank also participated. This brings the total raised to date to just over $40 million.
    The new money will be used to further develop the platform, make additional hires, and expand into new markets. Founded in 2014, the San Francisco-based startup currently has just under 50 employees.
     
    Sign up for Funding Daily: Get the latest news in your inbox every weekday.
    Read more Bérénice Magistretti
  • Numerix acquires TFG Financial Systems, 8 March 2017

    Wednesday 8 March 2017 :: Finextra Research Online banking channel :: RSS
    Numerix, the leader in risk technology today announces the acquisition of TFG Financial Systems, the... Read more
  • Ukraine Will Bring Trumputin Down, 8 March 2017

    Wednesday 8 March 2017 :: Alltop RSS :: RSS
    Ukraine is a very tortured country, situated between the NATO countries of Europe and Russia, and largely flat. Stalin-imposed famine and purges killed millions in the 1930s and the Nazis killed five million people in the 1940s, including 1.5 million Jews. In 1954, Nikita Khrushchev “gifted” the Crimea to Ukraine at a vodka-fueled dinner. Ukraine [...] Read more
  • Ukraine Will Bring Trumputin Down, 8 March 2017

    Wednesday 8 March 2017 :: Alltop - bitcoin :: RSS
    Ukraine is a very tortured country, situated between the NATO countries of Europe and Russia, and largely flat. Stalin-imposed famine and purges killed millions in the 1930s and the Nazis killed five million people in the 1940s, including 1.5 million Jews. In 1954, Nikita Khrushchev “gifted” the Crimea to Ukraine at a vodka-fueled dinner. Ukraine [...] Read more
  • Ukraine Will Bring Trumputin Down, par Mark Norton, 8 March 2017

    Wednesday 8 March 2017 :: Bitcoin Warrior :: RSS

    Ukraine is a very tortured country, situated between the NATO countries of Europe and Russia, and largely flat. Stalin-imposed famine and purges killed millions in the 1930s and the Nazis killed five million people in the 1940s, including 1.5 million Jews. In 1954, Nikita Khrushchev “gifted” the Crimea to Ukraine at a vodka-fueled dinner. Ukraine thereafter…

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    Read more Mark Norton
  • Beware Passive Investing, 8 March 2017

    Wednesday 8 March 2017 :: Alltop RSS :: RSS
     “Nobody is going to save you but yourself and the best and only way to do so is through action.” – Oli Anderson [1] Active management is tough business. Alpha-generating strategies can lose their luster in a quarter… Read more
  • Beware Passive Investing, 8 March 2017

    Wednesday 8 March 2017 :: Alltop - bitcoin :: RSS
     “Nobody is going to save you but yourself and the best and only way to do so is through action.” – Oli Anderson [1] Active management is tough business. Alpha-generating strategies can lose their luster in a quarter… Read more
  • Beware Passive Investing, par Mark Norton, 8 March 2017

    Wednesday 8 March 2017 :: Bitcoin Warrior :: RSS

     “Nobody is going to save you but yourself and the best and only way to do so is through action.” – Oli Anderson [1] Active management is tough business. Alpha-generating strategies can lose their luster in a quarter…

    <script async type="text/javascript" src="https://static.icopyright.net/user/js/rh.js"></script>
    Read more Mark Norton
  • Chad Remembers, par /u/Anderol, 8 March 2017

    Wednesday 8 March 2017 :: Bitcoin on reddit :: RSS
  • Turmoil in Washington Unfolds! How to Survive It…, par Stefan B, 8 March 2017

    Wednesday 8 March 2017 :: FSN » bitcoin :: RSS
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    from The Still Report

    Protect Your Finances With Gold Click Here – http://bit.ly/2jM8PyH
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    Although I’m not a gold money guy, that doesn’t mean that I’m against investing in precious metals.
    Charles Thorngren of Noble Gold Investments believes that gold and silver is the best thing to put into your IRA – individual retirement account. Why? Because both metals, but especially silver is at a crazy low price.
    Today, silver is trading at $17.50. Here’s the chart from 2000 to today. So that’s the price it was trading at in 2009 – 8 years ago – and yet we’ve had 3-4% real inflation per year at least.
    So it doesn’t make any sense and therefore common sense would dictate that if you are holding over the long run – perfect for an IRA – it’s got to normalize sometime in the near future.
    So let’s talk to Charles Thorngren about this.
    Visit our website at http://www.billstill.com
    Considered by informed insiders’ as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and today’s United States political climate. Please Like, Comment & Share.
    Good morning, I’m still reporting on Charles Thorngren – How to Play the Gold IRA , 1537
    Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the “Still Report”, the quintessential report on the economy and Washington.
    Connect with Bill Still:
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    https://youtu.be/GJLCglh9UdQ Read more Stefan B
  • Bitcoin Technical Analysis: Dial "M" for Murder, 8 March 2017

    Wednesday 8 March 2017 :: Google News Alerts - bitcoin :: RSS
    Bitcoin price pulled back 6.5 percent today, largely on a technical M double top breakdown, but a People's Bank of China (PBOC) announcement ... Read more
  • When OTC markets backfire, bitcoin edition, 8 March 2017

    Wednesday 8 March 2017 :: Google News Alerts - bitcoin :: RSS
    Daniel Masters, the founder of one of the world's first bitcoin funds – Jersey-based Global Advisors Bitcoin Investment Program (GABI) – is calling for ... Read more
  • Bitcoin Price Falls to March Low, Rebounds Above $1,200, par Samburaj Das, 8 March 2017

    Wednesday 8 March 2017 :: CryptoCoinsNews » News :: RSS
  • LocalBitcoins Volume is spiking, par /u/jankovize, 8 March 2017

    Wednesday 8 March 2017 :: Bitcoin on reddit :: RSS
    submitted by /u/jankovize
    [link] [comments] Read more /u/jankovize
  • Bitcoin node sync (bitcointalk.org), par StackExchange.com, 8 March 2017

    Wednesday 8 March 2017 :: Bitcoin on Bitdaily :: RSS
    Read more StackExchange.com
  • Why are the BU people so hostile in this sub ? (reddit.com), par reddit.com/r/bitcoin, 8 March 2017

    Wednesday 8 March 2017 :: Bitcoin on Bitdaily :: RSS
    It truly feels like altcoin holders trying to destroy bitcoin. Read more reddit.com/r/bitcoin
  • Bitstamp and Caceis to launch corporate Bitcoin investments (reddit.com), par reddit.com/r/bitcoin, 8 March 2017

    Wednesday 8 March 2017 :: Bitcoin on Bitdaily :: RSS
    Read more reddit.com/r/bitcoin
  • Hello, got bitcoin core and am confused (bitcointalk.org), par StackExchange.com, 8 March 2017

    Wednesday 8 March 2017 :: Bitcoin on Bitdaily :: RSS
    Read more StackExchange.com
  • Bitstamp &amp; CACEIS bank will launch corporate Bitcoin investments (reddit.com), par reddit.com/r/bitcoin, 8 March 2017

    Wednesday 8 March 2017 :: Bitcoin on Bitdaily :: RSS
    Read more reddit.com/r/bitcoin
  • I want to take this opportunity to thank HSBC bank for helping me discover Bitcoin. (reddit.com), par reddit.com/r/bitcoin, 8 March 2017

    Wednesday 8 March 2017 :: Bitcoin on Bitdaily :: RSS
    June 2013, HSBC bank blocked our merchant account due to high chargeback rate (1.6%) and decided to keep hostage $430k for 180 days. This led to research and discovery of Bitcoin. Read more reddit.com/r/bitcoin
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