Those who deposited their black money in banks, disclosing it to be untaxed wealth, since the governmentannounced demonetisation will now have to pay income tax at 50% and a quarter of the portion of the unaccounted income would remain with the government for four years, as per amendments planned to ... Read More »

Earlier today, Bitfinex announced a security breach requiring them to halt all trading, deposits, and withdrawals on the Hong Kong-based bitcoin exchange. Founded in 2012, Bitfinex has offices in Europe, Hong Kong, and the United States. It has been one of the world’s leading bitcoin exchanges, with deep liquidity in ... Read More »

Goldman Sachs Group Inc (GS.N) received permission on Monday to complete its $17 billion acquisition of GE Capital Bank’s U.S. online deposits. The deal, which was approved by the Federal Reserve, had been pending since August 2015. Goldman would control around $95 billion in deposits through its GS Bank unit ... Read More »