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Liquidity Difficulties in China: Second Bank Bail-Out Now Reality
1.8.2019
Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of small banks have been experiencing liquidity difficulties in the past few months. Observers believe the expanding problem has the potential to trigger...
The Next Big Financial Meltdown Is Around the Corner, Many Voices Warn
25.7.2019
“The economy is looking great,” how many times have they told you that? And why do you usually hear it when you are late on a mortgage payment or during a downsizing purge at your company? Relying on your senses is always a safer bet than trusting the wishful thinking of those...
US, EU and Japan Could Trigger ‘Cold Currency War’ by Debasing Fiat
24.7.2019
The world’s major central banks are waging war to determine who can make their respective fiat currency weaker. With the likelihood of even more money printing and negative interest rates ahead, people need to be ready to see the value of their money evaporate and the price of everything else...
Money and Democracy: How the Elite Manipulated Ledgers and Created a Social Ranking System
22.7.2019
Money is one of the most important but least understood manmade tools in existence. For more than 5,000 years humans have used a tool of exchange called money to facilitate trade. During this timespan, the evolution of money has evolved into a system of information, a social contract, and a ranking...
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
Samsung Teams With Banks, Telcos for Mobile ID Network Based on Blockchain
15.7.2019
Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network
SK, LG U+ and KT Join Samsung and Banks on Blockchain Project
15.7.2019
All three of South Korea’s major mobile carriers, KT, SK and LG U+, have joined forces with Samsung, banks KEB Hana and Woori and financial IT firm Koscom to collaborate on a blockchain-powered mobile identification platform.
The consortium says its platform, which should be available on almost...
JP Morgan Chase Ship Busted: Cocaine, Banks and the Failed Drug War
11.7.2019
A ship seized by the U.S. Customs and Border Protection Agency in June carrying over 15,000 kilos of cocaine has now been tied to JP Morgan Chase’s asset management unit. Officially the company does not exercise any operational control of the vessel, but some serious questions are raised when...
Canada: Crypto Exchanges Must Register With Financial Watchdog Next June
11.7.2019
Crypto exchanges serving Canadian residents will be required to register with FinTRAC as of next June
Cadence Launches Blockchain-Based Tokenized Debt Marketplace
11.7.2019
Cadence, a Coinbase Ventures-backed alternative investment provider, launched a blockchain-based investment platform for private credit
Market Outlook: Gold and Crypto Reap the Benefits of Economic Fear
10.7.2019
Cryptocurrencies have recovered from losses incurred a week ago, with many digital assets up 50-80% since July 2. For instance, eight days ago bitcoin core (BTC) tumbled to $9,650 and then back to a high of $13,150 yesterday evening. However, during the afternoon trading sessions on Wednesday, most...
Metropolitan Commercial Bank Shuts Down Tether’s Accounts
10.7.2019
New York-based Metropolitan Commercial Bank has reportedly requested that Tether close its three accounts
HSBC Blockchain Connection Reduces Transaction Time by 40%
10.7.2019
HSBC and Landmark Group linked two blockchain platforms, which reduced transaction time by 40%
The Provident Bank Now Offers Deposit Services for Crypto-Related Entities
10.7.2019
The Provident Bank has started offering deposit and other banking services to cryptocurrency issuers, exchangers and investors
‘PayPal is F*cked’: BitMEX CEO Says Facebook Libra Will Make Banks ‘Dumb Nodes’
10.7.2019
PayPal is a dead end, says BitMEX’s Arthur Hayes
EU Central Bank Won’t Add Bitcoin to Reserves — Says Its Not a Currency
10.7.2019
European Central Bank’s latest bitcoin-isn’t-money soundbite fails to win favor with Twitter followers
Goldman Sachs Ramps Up Development of New Secret Crypto Project
10.7.2019
A new job listing from investment banking giant Goldman Sachs reveals apparent intentions to pursue digital asset development at an unprecedented pace
Bitcoin ‘Single Best Hedge’ Against Traditional Financial System, Says VC
10.7.2019
Chamath Palihapitiya, CEO of VC firm Social Capital, has proposed that bitcoin is the single best hedge against the traditional financial system
Money and Democracy: Why You Never Get to Vote on the Most Important Part of Society
10.7.2019
It’s very odd that citizens never get to vote or have any say in regard to society’s money, even though it’s one of the most important aspects of everyday life. In fact, in developed countries, most central banks are institutions that are privatized from political interference...
LG Applies for ‘ThinQ Wallet’ Crypto Wallet Trademark in the U.S.
9.7.2019
LG, a South Korean technology behemoth, applied for the “ThinQ Wallet” trademark for a digital wallet