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Crypto

Companies ditch altcoins and focus on bitcoin as corporate BTC hoarding picks up again

Corporate bitcoin stockpiling is accelerating again, with companies in Japan, France, Britain and Singapore moving to expand holdings this week. Japan's Remixpoint sold all its altcoins and said it will hold only bitcoin, leaving it with about 1,506 BTC. France's Capital B secured a 7.6 million euro private placement taken up by Adam Back and plans to use most proceeds to buy more bitcoin. Britain's Smarter Web Company and Singapore's Genius Group also outlined additional purchases.

Finance

Hana Bank prepares for fund-based retirement pensions, benchmarks Australia and UK markets

As discussions gain pace on introducing fund-based retirement pensions, Hana Bank is preparing for possible changes by benchmarking pension market practices in Australia and the UK. The bank said it visited retirement pension funds and asset managers in the two countries to review governance, asset management and member administration systems. It is sharing the findings within Hana Financial Group and considering how to apply them to Korea’s system.

Finance

KB Kookmin Bank waives fees for Nepal remittances to support flood recovery

KB Kookmin Bank will waive overseas remittance fees to Nepal to support flood recovery efforts. The bank said on Wednesday it will run a Nepal overseas remittance support programme through Oct. 30. Individuals and corporate customers sending money to Nepal will have all overseas remittance fees waived regardless of purpose. For donations for flood recovery, it will also waive cable charges and apply a 100 percent exchange rate discount.