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Hong Kong The Securities and Futures Commission, an independent statutory authority that regulates the securities and futures markets in one of the world’s major financial hubs in Hong Kong is joining the R3-led financial blockchain consortium. According to a report in the Wall Street Journal, the Hong Kong regulator is working with R3’s numerous members that includes banks and technology developers to test blockchain ledgers to record and settle securities and futures transactions. The collaboration is yet another example wherein banks and regulators are coming together to push blockchain prototypes out of the lab environment to real-world financial systems. Claim Your own Bitcoin today “Both sides need to understand why this tech works and what needs to be changed to make it comply,” stated R3 managing director Charley Cooper as quoted by the publication. Bringing Fintech into a Financial Hub Widely known as a traditionally technology-forward country, Hon

The Facebook logo is displayed on their website in an illustration photo taken in Bordeaux, France, February 1, 2017 Social media companies Facebook, Google and a group of news organizations launched an initiative on Monday to tackle fake news stories in France, with the media in the spotlight as the country's presidential election approaches. Facebook said it would work with several leading French news organizations, including Agence France-Presse, BFM TV, and newspapers L'Express and Le Monde to ensure that false news items were not published on its platform. Google also said it was part of the initiative, dubbed "Cross Check" by the partners. Facebook has faced criticism that it did not do enough to prevent false information being republished on its platform during last year's U.S presidential campaign, and in response has set up measures to try to tackle the problem. There have been similar concerns that people could disseminate false information on Faceb

Russian President Vladimir Putin speaks during a news conference after a meeting with his Moldovan counterpart Igor Dodon at the Kremlin in Moscow, Russia, January 17, 2017. The Kremlin said on Monday it wanted an apology from Fox News over what it said were "unacceptable" comments one of the channel's presenters made about Russian President Vladimir Putin in an interview with U.S. counterpart Donald Trump. Fox News host Bill O'Reilly described Putin as "a killer" in the interview with Trump as he tried to press the U.S. president to explain more fully why he respected his Russian counterpart. O'Reilly did not say who he thought Putin had killed. "We consider such words from the Fox TV company to be unacceptable and insulting, and honestly speaking, we would prefer to get an apology from such a respected TV company," Kremlin spokesman Dmitry Peskov told reporters on a conference call. Fox News and O'Reilly did not immediately respond

The U.S. Justice Department filed an appeal late Saturday to restore President Donald Trump's immigration order barring citizens from seven mainly Muslim countries and temporarily banning refugees, even as travellers raced to enter the country while the ban was lifted. The government moved to reverse a federal judge's Friday order that lifted the travel ban and warned the decision posed an immediate harm to the public, thwarted enforcement of an executive order and "second-guesses the president’s national security judgment about the quantum of risk posed by the admission of certain classes of (non-citizens) and the best means of minimizing that risk." Friday's ruling prompted Trump to denounce the "so-called" judge in a series of tweets on Saturday.. The appeal now goes to a three-judge panel which can act at anytime to uphold the order or suspend it pending a full appeal. A Justice Department spokesman declined to comment beyond the filing. A rulin