SixCap, which filed for liquidation, reportedly owes investors more than $143 million

(Source: CNBC) Singapore-based SixCap, which claimed to be a financial technology firm, will be winding up. The company owes investors … Singapore-based Six Capital Investments, a firm that touted itself as a financial technology innovator but which has been plagued by scandal for months, is being liquidated. A view of the Singapore …

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Phonexa Takes the Lead in Offering Free Third-Party API Integrations

(Source: PR Newswire) Phonexa is the leading solutions provider for web and call leads tracking, with state-of-the-art features such as call analytics, Interactive Voice Response (IVR), voice recognition (VoicePLUS), as well as a dedicated Lead Management System and an automated accounting software. Phonexa helps businesses reach their …

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Slush Pool is Now Compatible With AsicBoost Bitcoin Miners

(Source: Bitcoin Magazine) … for AsicBoost and potentially for less obvious things (like internal accounting). Although Slush Pool, which currently claims about 11 percent of total hash power on the network, is compatible with AsicBoost starting immediately, there is currently no known mining hardware that takes advantage of the technology — yet.

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Swiss Logistics Firm K+N Rolls Out Supply Chain Software

(Source: PYMNTS.com) “FinTech focused on the b2B market — including payments platforms, [SMB] lending platforms and SaaS [software-as-a-solution] solutions aimed at making back-office processes more efficient and effective — remain a priority for FinTech investors,” KMPG stated. “Globally, many financial institutions face significant financial …

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Ripple Develops Blockchain Payments App With 61 Japanese Banks

(Source: Bloomberg) Blockchain, the digital ledger technology being used for Bitcoin and other cryptocurrencies, has been touted as a potential way to track transactions in a range of industries. In Japan, banks and authorities are keen to embrace financial technology to improve efficiency as high costs and low interest rates put pressure on …

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Microchip Technology (MCHP) to Acquire Microsemi (MSCC) for $68.78/Share

(Source: StreetInsider.com) Microchip Technology Incorporated (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, and Microsemi … The acquisition price represents a total equity value of about $8.35 billion, and a total enterprise value of about $10.15 billion, after accounting for Microsemi’s cash and …

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NeoFirma Signs Contract with Oil & Gas Startup Chisholm Energy

(Source: Chicago Evening Post) The software supports critical business workflows, production accounting, and regulatory reporting. Chisholm Energy also uses NeoFirma’s software to track more than 100 non-operated wells. 35 staff and contractors are currently using the software in its field and corporate offices. A case study is available with additional …

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Dropbox’s Best Move Was Breaking Up With Amazon’s Cloud

(Source: BloombergQuint) Dropbox was also bleeding cash; part of that was due to spending gobs of money in 2015 and 2016 to build the bedrock technology to pull away from AWS. But even …. In India, the move to set up a new oversight body for the accounting and audit professions was approved by a parliamentary panel nearly eight years ago.

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