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COVID-19 Further Exposes Inequalities in the Global Financial System
16.12.2020
Ramya Vijaya, Professor of Economics, Stockton University.
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To stem the economic fallout from COVID-19, developed countries have injected an unprecedented USD 9 trillion into their economies.
The International Monetary Fund has recommended sustained fiscal support, emphasizing greater...
Japanese financial giant SBI acquires crypto trading firm B2C2
16.12.2020
Japanese financial services firm SBI has acquired a 90% stake in trading firm B2C2, hopes to attract institutional investors into crypto
Antier Solutions Expands Its Offerings With Crypto Friendly Banking Solutions Development
16.12.2020
PRESS RELEASE. Antier Solutions, a blockchain development company headquartered in Mohali, India – with two global units in North America and the UK – has expanded its services to offer crypto-friendly bank development solutions targeting start-ups, banks, and financial institutions...
SBI’s Acquisition of Crypto Firm Helps the Asian Giant Create Full-Fledged Digital Asset Trading Desk
16.12.2020
Japanese financial group SBI Financial Services has announced the acquisition of the United Kingdom-based crypto services firm B2c2 for an undisclosed amount. The purchase helps the Asian financial giant to become one of the mainstream financial institutions to have a full-fledged digital asset...
Bank of America Investor Survey Highlights the Most Crowded Trades: ‘Long Tech, Short USD, Long Bitcoin’
15.12.2020
The highly anticipated Bank of America fund manager survey has been published, and this December fund managers who participated in the survey are sweeping up risk assets. The asset managers have dropped cash for the first time in close to seven years, as levels are down 4%. Moreover, strategists...
Estonia Revokes More Than 1,000 Crypto Firms’ Licenses This Year
15.12.2020
Over 1,000 cryptocurrency firms’ licenses have been revoked in Estonia this year as the country tightens the oversight of the crypto industry amid heightened money-laundering concerns. 1,000+ Crypto Firms Lost Their Licenses This Year The Estonian Ministry of Finance revealed Friday that...
The Great Reset Agenda: ‘Bitcoin Is a Decentralized and Rational Strategy to Opt-Out’
15.12.2020
Every single day the conversation about the Great Reset continues to amplify. More recently, mainstream media publications have been publishing rebuttals in response to the many skeptics of this agenda who believe the reboot propaganda is meant to install a new world order. The American broadcaster...
Pornhub’s Premium Services Now Default to Crypto Payments, 13 Digital Assets Supported
14.12.2020
During the first week of September, the world’s largest adult web portal Pornhub expanded its payment options by adding bitcoin and support for three other cryptocurrencies. However, after Mastercard and Visa severed ties with Pornhub last week, the company’s premium services payment...
YieldFinanceFarm Is Next Generation DeFi Farm to Maximize Rewards – YIF Presale Is Now Live
14.12.2020
PRESS RELEASE. Yield Finance Farm (YIF) is a high-yield Defi farm that allows you to Stake, Farm, Lend, Borrow, and Earn. Bringing real value to yield farming, it’s a modern-age project designed to meet the demand for financial innovation and improved financial system efficiency through Defi...
Russian President Vladimir Putin Signs Order Compelling Government Workers to Disclose Crypto Holdings
13.12.2020
Russian President Vladimir Putin has signed an order compelling the country’s government workers to disclose their cryptocurrency holdings. The order stipulates that employees must submit details of where they bought the digital assets and the value thereof by June 30, 2021. Similarly...
Korean Exchange Operator to Oversee Crypto-Linked Stocks in the Midst of Suspicions on Unfair Trading
12.12.2020
South Korean securities exchange operator is now expanding its overseeing capacity by monitoring all crypto-related stock activities after volatile movements seen in the last few weeks on listed companies tied to the industry. KRX’s Market Oversights Committee to Supervise Crypto-Linked...
Report identifies 18 serious 'non-financial risks' for DeFi
11.12.2020
Beyond the obvious financial risks, there are a number of technical risks DeFi users should be aware of
Goldman Sachs to utilize JPM Coin for repo trades
10.12.2020
JPMorgan is using blockchain to drive efficiency in the repo market; Goldman and others are taking notice
Belgian Regulator Warns of Crypto Scammers That Target Male Tinder Users With Fake ICOs
10.12.2020
The Belgian regulator, the Financial Services and Markets Authority (FSMA), says scammers are employing new techniques which target Tinder and Facebook users. Using what the FSMA terms an “emotional scam,” criminals are targeting male users of the dating app Tinder with promises...
YfDFI Finance and Ferrum Network to Revolutionize Staking in New Partnership
9.12.2020
PRESS RELEASE. YfDFI Finance, the innovative community-centered DeFi financial center, joined forces with the established project Ferrum Network to revolutionize the way staking is currently seen. The partnership’s initial phase will focus on staking, but the ambitions reach further...
EURST Stablecoin – The Cost of Answering the Call of the Economic Times
9.12.2020
The technological developments brought about by the invention of blockchain, bitcoin, and cryptocurrencies are rapidly transforming the financial landscape with the nascent industry failing to fit any conventional classification to become an asset class of its own. Stablecoins Are the Solution...
Wells Fargo Investment Institute Report Compares Bitcoin to the 1850’s Gold Rush
9.12.2020
On Monday, the U.S. bank Wells Fargo’s wholly-owned subsidiary and registered investment adviser the Wells Fargo Investment Institute published an investment strategy with a page dedicated to the crypto asset bitcoin. The institute’s contributing author and Head of Global Asset...
Testnet of Facebook’s Much Vaunted Stablecoin Only Executes 6 Transactions per Second
5.12.2020
The Facebook fronted stablecoin, Diem (formerly Libra)’s dismal testnet results undercut the assertion that the digital currency is a threat to global financial stability. This is the conclusion that can be deduced from a Diem blockchain explorer update which shows the network only processes...
Facebook’s Diem stablecoin is an existential threat to traditional banking
5.12.2020
Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future
US House Financial Services Chair Waters Recommends Joe Biden Rescind OCC Crypto Guidance
5.12.2020
House Financial Services Chair Maxine Waters told President-elect Joe Biden to undo the OCC's crypto guidance after he takes office next year