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PayPal CEO: Financial System 'Not Working,' Users 'Very Eager' For Crypto
3.11.2020
Dan Schulman. Source: a video screenshot, Youtube/Axios
Dan Schulman, CEO of online payments giant PayPal, has presented his diagnosis of the current financial system’s shortcomings, claiming it is inefficient and causing millions of people to be excluded, as the company expands into...
Cybercrime task force monitoring the global digital financial system
24.10.2020
Regulators are addressing the growing threat of transnational cybercrimes in the financial industry
CBDC as a store of value threatens financial system, says German official
21.10.2020
The German central bank is considering alternatives to CBDC as a digital payment solutions
Ripple’s Larsen Says US at Risk of Losing Stewardship of Global Financial System to China, Disses SEC
11.10.2020
Chris Larsen, Ripple co-founder and chairman of the payments technology company’s board of directors, said China’s “itching” to be the one that designs the next financial system and that the U.S. is “woefully behind.” See also: SEC Will Be Forced to Give Crypto...
Keiser Insists ‘Bitcoin Inversely Correlated To USD Not Stock Markets’ After Crypto Market Tumble
23.9.2020
Reports that global banking giants helped criminals launder money for close to two decades helped spark the crash of global stock markets on Monday, September 21. Also tumbling in tandem with stocks were cryptocurrencies thus leading to renewed concerns that digital assets are intertwined with...
Crypto has a chance to upgrade the legacy financial system
30.8.2020
Humanity may never have a better chance to change finance than we do now, and crypto and blockchain could help us
Central Bank Digital Currencies and Their Role in the Financial System
22.8.2020
What are CBDCs and the risks they possess, and how might they reshape our economies?
No, Crypto Payments Won’t Ruin Russia’s Financial System, Key Players Say
20.8.2020
Is Russia harming its economy by banning crypto payments?
Russian Lawmaker: Crypto Pay Could ‘Destroy the Financial System’
15.8.2020
The chief architect of Russia’s crypto regulations has defended a new Russian law that outlaws payment in bitcoin (BTC) and altcoins – claiming that a failure to do so could have spelled the end for the ruble-powered Russian financial system.
The comments were made by the head of the parliamentary...
CFTC Chair: ‘A Large Part’ of Financial System Could End Up in Blockchain Format
28.7.2020
Perfection shouldn’t be the enemy of good when it comes to regulating the cryptocurrency space, said Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert
Bank of Thailand Enters Third Phase of CBDC Development; Now “Using CBDC with Big Businesses”
17.7.2020
The Bank of Thailand (BOT) announced Wednesday that is has entered third-phase development of its central bank digital currency (CBDC). BOT is planning to expand the use of the CBDC among large businesses. The report by The Nation of Thailand quotes Vachira Arromdee, BOT assistant governor saying...
How a Digital Dollar Can Make the Financial System More Equitable
15.7.2020
Digital dollars can promote a more inclusive financial system, or they can contribute to already-growing economic inequality in the U.S
The United States Has to Upgrade the Legacy Financial System
10.7.2020
Slow-roll regulations in the United States may leave Americans behind in the financial innovations’ running
CBDCs Might Increase Central Banks' Footprint on Financial System - BIS
30.6.2020
The introduction of central bank digital currencies (CBDCs) could potentially lead to central bank expanding its footprint on the financial system, according to Economic Adviser and Head of Research at the "central bank of central banks," the Bank for International Settlements (BIS)....
Bitcoin May Be the Solution to Africa’s Broken Financial System
27.5.2020
According to a recent report, Africa’s lack of traditional financial infrastructure makes the region fertile ground for cryptocurrency adoption
Dollar Vigilante Founder Talks Covid-19 and Economic Crisis: ‘The Modern Financial System Is at the End of It’s Rope’
7.5.2020
Jeff Berwick is an entrepreneur with a lot to say these days and he’s released a number of videos discussing the coronavirus pandemic and the government-induced lockdowns. Berwick is the founder of The Dollar Vigilante, an anarcho-capitalist media outlet focusing on gold, silver, mining...
Petro-Dollar System Crumbles: US Dollar Could Collapse from the World’s Oil Wars
22.4.2020
During the last few days, people witnessed history when the price of crude oil dropped below zero to -$40 per barrel, and as time passes many analysts think the worst is yet to come. After West Texas Intermediate (WTI) oil-based contracts dried up for May, contracts for June collapsed by 45%....
After Pundits Predicted Bitcoin’s Death for 11 Years, Barrels of Crude Oil Trade Below Zero
21.4.2020
Global markets had a historical day on Monday, as the price of oil dropped below zero and closed the day at -$36 per barrel of crude. The oil crash below zero has never happened in anyone’s lifetime and economists worldwide are uncertain about the future of the world’s financial system...
Americans Purchase $1,200 Worth of Bitcoin, While 7 Banks Fumble With Stimulus Payments
20.4.2020
For years now, bitcoiners and cryptocurrency proponents have said the antiquated banking system will not continue to survive for very long and the financial system is showing massive cracks these days. The recent stimulus check fiasco is a prime example of the issue, as customers from PNC, JPMorgan...
New Crypto Partnership Takes Aim at Africa's Unfavorable Financial System
16.4.2020
Sesacash plans to curb the shortcomings of Africa’s financial system by making cryptos mainstream