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CEO Jamie Dimon Says that JP Morgan is Preparing for Risks from Zero Interest in the US
11.9.2019
The issues surrounding interest rates have taken centre stage among financial circles over the past few months, and one of the most interesting yet controversial topics has been that of negative interest rates. Many countries in the world now have negative interest rates, and now it is being...
Circle CEO, Jeremy Allaire States that China has an Open-minded Approach to CBDCs
11.9.2019
Circle CEO, Jeremy Allaire, opined that China has the most open-minded way to deal with CBDCs (central bank digital currencies) to date. Further, Allaire said in a recent interview on Phoenix Chinese News that China’s national bank has the most forward-thinking considering Central Bank...
UK-based Nickel Asset Management Raises $50M for Crypto Investment Fund
10.9.2019
Nickel Asset Management, a U.K. based hedge fund Manager, Raises 50 Million dollars for a crypto venture fund. Nickel Asset Management has authoritatively launched an effectively managed crypto investment fund that is equipped towards experienced investors who are hoping to capitalize on...
UK Former Brexit Negotiator, Olly Robbins to Join Goldman Sachs
10.9.2019
Over the course of the past three years, the United Kingdom’s political leadership has been in the middle of a meltdown due to the Brexit referendum. After the resignation of the then Prime Minister David Cameron, the mantle was taken up by Theresa May, and her main objective was to secure a deal...
London-Based Hedge Fund Raises $50M to Launch New Crypto Investment Fund
9.9.2019
A U.K.-based hedge fund manager has raised $50 million for its newly launched crypto investment fund
UAE to Get Its First Asset-Based Cryptocurrency from The Golden M Group
9.9.2019
The Golden M Group has announced to launch a Sharia-compliant cryptocurrency in the Middle East called ‘COIN M.’ This cryptocurrency is expected to enter the United Arab Emirates (UAE) market before the end of 2019. It will be the first real asset-based (gold-based) cryptocurrency...
China Adds Almost 100 Tons to Its Gold Reserves
9.9.2019
The world has been in the middle of an economic downturn for most of 2019 due to a range of factors. The uncertainty with regards to interest rates and the continued United States–China trade war has brought on a lot of chaos on to the markets. Due to such chaos many investors have decided...
Binance Charity’s Kind Gesture Towards Dorian Victims, Raises Charity Fund
8.9.2019
Binance Charity, an initiative of the cryptocurrency giant Binance, is setting its pace for a campaign aimed to support the Hurricane Dorian’s victims. Finance Charity began accepting cryptocurrency donation funds on September 3rd for the planned campaign that promises to cater to the basic needs...
The US Department of Energy Permits Around 200,000 Dollars to Factom For Grid Security
7.9.2019
The DOE (Department of Energy) of the United States has granted about 200 hundred thousand dollars to a blockchain company called Factom. The project aims at protecting the national grid of power. As per the reports, the Department has awarded the said funds to the entity on 12th July 2019....
Bittrex Exchange Conducts WAX-WAXP Swap From ERC20 Token To New Mainnet Blockchain
7.9.2019
The United States domiciled cryptocurrency exchange, Bittrex has completed the upgradation of its framework by successfully channelizing the WAX-WAXP swap from ERC20 to a new mainnet blockchain. The users of WAX cryptocurrency tokens will now see a new ticker of $WAXP instead of its earlier...
As Snap Election Hopes Fade, Boris Johnson Shifts Focus to EU Deal
7.9.2019
Around three years ago, the United Kingdom used to be one of the world’s leading economies and was all set to grow for the foreseeable future. However, the Brexit referendum changed all that, as the people of the country voted to leave the European Union. The referendum plunged the country into...
Despite Potential Economic Slowdown; Citi Goes Big on Credit Cards
6.9.2019
When there is an economic slowdown, then the availability of credit dries up instantly and eventually, the government of the country’s central bank has to stimulate the economy through financial packages. Banks generally stop the tap as far as giving any kind of credit is concerned and eventually...
U.S. Congressional Probe Identifies Possible Gaps in Deutsche Bank’s Money Laundering Controls
6.9.2019
A decade or so ago, German banking giant Deutsche Bank AG was counted among the biggest banks in the world, but the financial crisis of 2008 hit the bank hard. Since the financial crisis, the bank has struggled to put its business into top gear again, and now it is faced with a legal issue...
NSA Reportedly Working to Develop Quantum-Resistant Crypto
5.9.2019
The United States NSA (National Security Agency) is reportedly attempting to develop a quantum-resistant crypto. As indicated by a tweet from Bloomberg cybersecurity journalist William Turton, Anne Neuberger, the director of the NSA’s Cybersecurity Directorate, stated at the tenth Annual...
NSA Reportedly Working to Develop Quantum-Resistant Cryptocurrency
5.9.2019
The United States NSA (National Security Agency) is reportedly attempting to develop a quantum-resistant cryptocurrency. As indicated by a tweet from Bloomberg cybersecurity journalist William Turton, Anne Neuberger, the director of the NSA’s Cybersecurity Directorate, stated at the tenth...
Bank of Armed Forces Criticizes Mastercard for Stopping Card Service in Venezuela
5.9.2019
One country that has been in the middle of a prolonged economic depression is Venezuela and despite the country’s vast reserves of oil, there seems to be no way out for the citizens. The country is suffering from severe food shortages, runaway inflation, and other troubles that one associated with...
NSA Working to Develop Quantum-Resistant Cryptocurrency: Report
5.9.2019
The NSA is pursuing the development of a quantum-resistant cryptocurrency, as reportedly revealed during the Billington CyberSecurity 10th annual summit in D.C
Bitcoin Price Stable Compared to Pound Sterling During Brexit Debacle
5.9.2019
Analysts argue that a no-deal Brexit will expose the vulnerability of major global fiat currencies
FIN Advises US Congress To Govern Cryptocurrencies Under Bank Secrecy Act
3.9.2019
The leading strategic advisory firm, Financial Integrity Network or FIN, has released an advisory recommendation for U.S. Congress concerning the regulatory measures of the cryptocurrency sector. In a testimony before the crucial hearing, FIN announced that it purports to establish a new financial...
Hedge Fund Eminence Capital Plans to Derail £9 Billion Just Eat Merger
3.9.2019
Over the course of the past few years, food delivery has become one of the biggest tech businesses in the world, and new food delivery applications are being launched all over the world at a breakneck pace. In this regard, the United Kingdom is one of the biggest markets in the world, and one...