Article: Oracle unit partners with Everest to bring blockchain to banks worldwide

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Oracle unit partners with Everest to bring blockchain to banks worldwide

Gertrude Chavez-Dreyfuss, 14 July 2021

NEW YORK (Reuters) – Oracle Financial Services Software Ltd, a unit of Oracle Corp, has teamed up with financial technology provider Everest to bring blockchain to banks worldwide to enhance their product offerings, Everest Chief Executive and co-founder Bob Reid said.

Oracle Financial’s software is used in retail and corporate banking as well as the insurance sector.

Everest, whose blockchain technology enables a wide range of financial services, said it recently worked with the Asian Development Bank on the Central Bank of Samoa’s regulatory compliance platform. Everest is also a licensed custodian of cryptocurrencies. Continue reading “Article: Oracle unit partners with Everest to bring blockchain to banks worldwide”

Article: DeFi May Not Herald Independence Day From Traditional Banking

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DeFi May Not Herald Independence Day From Traditional Banking

PYMNTS, 05 July 2021

Independence Day weekend brings to mind freedom, of course. And before too long, we may have independence from the banks, from the third parties, and from the financial system itself. Or maybe not.

The promise of decentralized finance (DeFi) is that the advent of cryptocurrencies, and perhaps more significantly, blockchain, will eliminate the reliance on the traditional players in financial services. Continue reading “Article: DeFi May Not Herald Independence Day From Traditional Banking”

Article: Hossein Azari of cmorq Discusses Meme Stocks, Sees DeFi as an Answer to Retail Desires

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Hossein Azari of cmorq Discusses Meme Stocks, Sees DeFi as an Answer to Retail Desires

JD Alois, 04 June 2021

The rise of the “meme stocks” has been a fascinating adventure with the combination of ubiquitous technology and the ability to drive trading by retail investors in a way that has never been experienced before. While a certain amount of manipulation of markets has always existed, the recent advent of trading forums, like Wallstreetbets on Reddit, and other digital communication methods, has shifted some of the influence away from big money to smaller investors pooling resources.

The phenomenon really gained traction when GameStop (NYSE:GME), a highly shorted equity by certain hedge funds, became a focus for a targeted short squeeze. In brief, smaller investors, many trading on Robinhood, rocketed the price of GME higher causing certain hedge funds to lose money in a classic short squeeze. Continue reading “Article: Hossein Azari of cmorq Discusses Meme Stocks, Sees DeFi as an Answer to Retail Desires”