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Alibaba and Tencent Refuse to Share Loan Data Information with Beijing
19.9.2019
As everyone knows, a credit system is something that almost all countries need to have, and it is a hugely important tool that helps in keeping the consumer credit market as strong as possible. To that end, the Chinese central bank launched a private credit score company named Baihang in 2018. That...
Here’s How Europeans Can Deal With Negative Interest Rates
17.9.2019
Low and negative interest rates have been a burden for account holders across Europe for some time. And it’s only getting worse, as the European Central Bank just announced a new rate cut to a record low of -0.5%. Private and corporate customers in many countries on the continent don’t...
Crypto Lending Platforms Prepare to Assail the Banking System
30.8.2019
The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate...
The World Bank’s Blockchain Bond Is Just a Fancy Way of Selling Debt
21.8.2019
Last year the World Bank and the Commonwealth Bank of Australia announced a permissioned Ethereum-based blockchain to facilitate the end-to-end issuance of bonds between financial partners. The Bretton Woods-created financial institution hopes to make debt capital markets far more efficient with...
German Company Secures €750 Million ‘Eco-Friendly’ Loan Via Blockchain
9.8.2019
Blockchain enables syndicated loans and digital identification
Commerzbank Decides to Lift Loan Provisions due to ‘worsening’ Economic Conditions
8.8.2019
The German economy, which is the largest in Europe and one of the largest in the world, has been going through growing pains over the past few quarters. In such a situation, the country biggest banks have also had to go through their share of pain, and in this regard, banking giant Commerzbank...
P2P Crypto Lending Is on the Rise
3.8.2019
As peer-to-peer cash, it only seems logical that cryptocurrency should be deployed for P2P lending. While that application has taken time to materialize, bitcoin and other crypto assets are now increasingly fulfilling that purpose. Across the BTC, BCH and ETH networks, credit is being supplied...
Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto
2.8.2019
On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description...
Cryptofinancier Nexo Partners With Korea’s Terra to Create Loan Platform
17.7.2019
Singapore and Switzerland are joining forces to bring crypto lending to East Asia
Three Bank Failures Open New Chapter in Never-Ending Financial Crisis
5.7.2019
The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to...
Bitfinex Repays Tether $100 Million of $700 Million Loan
2.7.2019
Bitfinex said it has paid back $100 million of the $700 million borrowed from stablecoin issuer Tether
SoftBank’s Vision Fund Aims To Get $4 Billion Loan Against Its Stakes In Tech Companies
30.5.2019
As far as private equity funds for tech companies are concerned, there is nothing bigger than Japanese conglomerate SoftBank’s Vision Fund, which started with an incredible $100 billion in its coffers. Over the years, it has made some of the biggest investment in tech and owns significant stakes...
South Korea’s Shinhan Bank Turns to Blockchain to Speed Up Loan Issuance
28.5.2019
Shinhan, one of the oldest and largest banks in South Korea, is using blockchain technology to speed up the approval process for loan products.
Korea’s Oldest Bank Launches National Blockchain-Based Loan Platform
27.5.2019
Korea’s oldest bank, Shinhan Bank, launched the country’s first blockchain-based lending platform to speed up the loan process
Traders Accused of Illegally Collecting $56 Million in Bitcoin for Loan Scheme
22.5.2019
Two OTC traders in China have been accused of illegally soliciting over 7,000 bitcoin in deposits for a supposed loan offering
Jet Airways Sinks Further Into the Abyss as Top Executives Start Quitting
15.5.2019
Even until last year, India’s Jet Airways was the country’s biggest privately owned airline with the biggest market share, and there was no doubt that the airline was going to continue on its growth path as the airline industry expanded in the country. However, the company’s massive debt burden...
Morgan Creek-Backed DLT Equity Loan Platform Figure Secures $1 Billion Financing Facility
10.5.2019
Morgan Creek-backed blockchain equity loan platform Figure secured a $1 billion “uncommitted” financing facility via blockchain