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Paypal Launches Business Unit Dedicated To Cryptocurrency
6.2.2021
Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money...
Pulse DeFi LTD Provides a Full Range of Financial Services, With Decentralization at the Forefront
3.2.2021
Pulse DeFi LTD Is a new London-based platform for digital token farming, staking, lending and borrowing. It provides a full range of services that can replace the old established financial system, but with decentralization at the forefront. Pulse DeFi LTD Wants You to Be Able to Trust the Economy...
Gamestop Shares and Reddit Fueled Stocks Plummet, Crypto Fans Say Bitcoin Is the Only True Attack
2.2.2021
Following the Wallstreetbets saga last week, a great number of the popular shares being fueled by social media have started to tank in value. Gamestock shares dropped over 60% on Tuesday, while AMC dropped more than 49% shaking investors who bought into these stocks to the core. Meanwhile, a number...
Massive Gamestop Short Squeeze Highlights the Fragility of Today’s Financial System
27.1.2021
The bigwigs trading stocks on Wall Street have been upset this week as billion-dollar hedge funds have been crippled by Redditors and memes. Not too long ago, the firm Gamestop’s shares were plummeting, and Wall Street veterans lined up a mountain of short bets against the company’s...
Crypto Long & Short: No, Bitcoin Was Not a Response to the Financial Crisis
24.1.2021
In spite of the timing, bitcoin wasn't created as a result of the 2008 crisis – and this misunderstanding matters
Treasury Secretary nominee says crypto has potential to improve the financial system
22.1.2021
Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.”
EU Seeks to Curb Reliance on US Dollar After American Sanctions Exposed Financial Infrastructure Vulnerabilities
19.1.2021
The European Union (EU) is reportedly planning to reduce its reliance on the U.S. dollar-based financial system, after American sanctions on Iran exposed the vulnerabilities of the bloc’s financial infrastructure. According to officials, who are now determined to challenge the dollar’s...
Crypto’s Choice: Join the Financial System or Fight It
27.12.2020
The crypto industry faces a momentous choice. Does it integrate with the existing financial system's rules? Or does it choose to fight for its anti-status quo principles?
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...
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...
Financial Analysts Expect US Dollar to Soften Further, 2021 Could Be the Greenback’s ‘Worst Year Ever’
4.12.2020
Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest concern is the U.S. dollar faltering into the unknown, as...
Influential Historian Urges Joe Biden to Bring Bitcoin Into Financial System
30.11.2020
Joe Biden. Source: A screenshot, Instagram/joebiden
As China is leading the central bank digital currency (CBDC) race and the United States has taken a back seat, Niall Ferguson, an influential economic historian, suggested President-elect Joe Biden consider leapfrogging the crowd and going...
Biden should integrate Bitcoin into US financial system, says Niall Ferguson
30.11.2020
The economic historian says that President-elect Biden’s administration should consider Bitcoin as an alternative to a “Chinese-style digital dollar.”
Bitcoiner Elected to US Senate: Cynthia Lummis Sees ‘Great Promise’ in Bitcoin
4.11.2020
A bitcoin hodler has won a U.S. Senate seat. Cynthia Lummis is a bitcoin owner who bought her first bitcoin in 2013 because she believes in the economic power of scarcity and the potential for bitcoin to address some of the manipulations in the financial system. Bitcoiner Wins Senate Election...
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