Search
80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany
12.4.2020
Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even small deposits. Also read: IMF Declares...
JPMorgan, Bank of America, Deutsche Bank Predict Major Recession
11.4.2020
Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune to the resulting financial stress while Bank of America expects the U.S. economy to “collapse” and Deutsche Bank has forecasted a severe global...
Q1 Crypto Trade Volume Jumps 61%, Bitcoin’s Price Performance Trumps Equity and Gold Markets
9.4.2020
For well over a month now, a great number of countries have been living under lockdowns and stay-at-home orders due to the coronavirus outbreak. Meanwhile, central banks like the Fed, Bank of England (BoE), and European Central Bank (ECB) have funneled trillions into the hands of private financial...
Crypto Privacy Is a Financial Tonic to Government Intervention
9.4.2020
Source: Adobe/wip-studio
It is no secret that the global economic outlook is continuing to worsen as the coronavirus pandemic continues to rage – and with many parties looking for the security of privacy in harsh financial times, the call for privacy is on the rise as government-led intervention...
French Financial Regulator Responds to EU’s Crypto Consultation
9.4.2020
France's stock market regulator, the AMF, has published an official response to a crypto consultation of the European Commission
Galaxy Digital Warns Losses Could Continue as Coronavirus Hits Bottom Line
9.4.2020
The crypto merchant bank just managed to keep its head above water in 2019, but says profits will likely suffer amid the effects of Covid-19
Novogratz: We Have Money-Printing Orgy Going on, Amazing Environment to Buy Bitcoin
8.4.2020
Galaxy Digital chairman Michael Novogratz said that bitcoin is his pick under the current financial situation, describing it as an “amazing environment” to buy bitcoin. With “global money printing orgy,” a possible another trillion-dollar stimulus package, and “money...
Why Crypto Liquidations Protect Us All
7.4.2020
What are trusted protection mechanisms of crypto lenders, and are they different from the traditional finance industry?
Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy
7.4.2020
With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known...
New Zealand Financial Regulator Warns Public About ‘Profit Bitcoin’ Scam
6.4.2020
New Zealand’s financial watchdog warns against “Profit Bitcoin” — an apparent crypto investment scam promising a daily profit of “minimum of $13,000”
10 Countries Actively Regulating Cryptocurrency Despite Global Crisis
6.4.2020
Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South...
Bitcoin’s Correlations With Global Financial Assets Soar Amid Coronavirus Crisis
5.4.2020
The coronavirus pandemic influences movements in global markets, but how does Bitcoin react to those relations?
Evidence Shows Politicians and Wall Street CEOs Expected the Market Crash Well Before Covid-19
4.4.2020
The coronavirus outbreak has sent shockwaves through the world’s economy and this has caused politicians and central bankers to react in various ways. However, global market leaders, Wall Street CEOs and hedge fund managers had one of the best years in more than a decade since the 2008...
Homeowners Can’t Pay: US Lenders Prepare for Catastrophic Real Estate Market
3.4.2020
The coronavirus has managed to seep into every facet of the global economy and it seems nothing will escape its financial wrath. During the last two weeks as unemployment levels have skyrocketed in the U.S.; analysts, economists, and wealth managers have been warning about another subprime mortgage...
Russian Official: Cryptocurrency Bill Completed — Effects on Payments, Exchanges, Miners
3.4.2020
The chairman of the Russian State Duma Committee on Financial Markets has confirmed that the bill which provides the regulatory framework for cryptocurrencies in Russia has been completed. The official explained key features of the bill, including how cryptocurrency exchanges and miners will...
Chinese Financial Watchdog Warns of Manipulative Crypto Exchanges
3.4.2020
A Chinese financial watchdog warned investors of rising risks in crypto investments as the global stock market continues to fluctuate
Brazilian Financial Regulators Will Vet Companies and Political Appointees on a Blockchain
2.4.2020
Brazil’s major financial regulators have unified their intelligence troves under a blockchain-backed sharing system called PIER
FATF Report: US Is Not Focusing Enough on Crypto Financial Risk
2.4.2020
FATF is grading the U.S. with the equivalent of a “B” for its cryptocurrency regulation
Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence
2.4.2020
Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedbank a record sum of 4 billion Swedish krona ($386m) for breaching anti-money laundering regulations on a large scale. Around USD 6 billion had been funneled between suspected accounts.
The post Major Swedish Bank...
How Financial Models Could Move Bitcoin’s Price After the Halving
1.4.2020
If history is a guide, financial models forecasting the post-halving bitcoin price are just as likely to shape the future as predict it