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Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown?
1.11.2019
Negative and zero interest rate policy (NIRP and ZIRP) are becoming a new global norm. Endless printing of paper money is said to make economies stronger, while everyday individuals are seeing their savings worth less and less. These policies were traditionally viewed as last ditch, temporary...
Low Interest Rates Are Crushing Young People and Fueling Global Riots
27.10.2019
There are currently riots going on in Chile, Hong Kong and Lebanon. While in every place they are caused by complex local issues, there is a global problem that is an underlying trend: low interest rates which make it impossible for young people to save for their future and at the same time push...
Bank of Lithuania Issues Guidelines on Security Token Offerings
26.10.2019
Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European...
Tax Form to Report Revenues From Cryptocurrency Trading Issued in Poland
26.10.2019
Authorities in Poland have clarified the taxation of revenues received from cryptocurrency exchange transactions. The Ministry of Finance has recently published a 2019 tax form that has a dedicated section where taxpayers are expected to declare separately proceeds from crypto trading. Also read:...
Blockchain-based Lending Platform Nexo Lowers Interest Rates on Instant Credit Lines
25.10.2019
Nexo, the leading blockchain-backed overdraft platform that gives instant crypto loans to customers, has announced the news about its lowered interest rates on its instant credit services. The crucial information was broadcasted through an official press release on October 22, 2019, by Nexo....
McKinsey: Majority of Banks May Not Be Economically Viable
25.10.2019
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn....
Stanford Prof: Crypto Will Rain on Banks’ Low-Interest Rate Parade
25.10.2019
A professor at Stanford Graduate School of Business says cryptocurrencies will inevitably upend the banking sector
Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates
24.10.2019
Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At...
Credit Suisse Is Latest Bank to Charge Clients for Cash Deposits
22.10.2019
In a normal world savers are expected to receive compensation for giving their money to the bank. Instead, due to negative interest rates, we are now seeing more financial institutions actually charging their clients for fiat cash deposits, with Credit Suisse the latest big bank to join in on this...
Fiat-to-Crypto ‘Carry Trade’ May Tempt Traders Tired of Negative Interest Rates
22.10.2019
In the era of negative rates, return-hungry investors may increasingly borrow in low-interest fiat and invest in higher-yielding crypto accounts
Bitcoin IRA to Launch Interest-Earning Crypto Accounts Next Month
21.10.2019
Bitcoin IRA and Genesis Capital have partnered enabling customers to earn interest on their Bitcoin and other cryptocurrency IRA accounts
Earn More Interest on Your Crypto With These Comparison Tools
20.10.2019
2019 has been the year in which crypto lending has really taken off. Centralized and decentralized finance have been major growth areas, aided by crypto exchange integration and a backdrop of negative interest rates in the banking sector. Why be penalized for saving fiat when you can be rewarded...
Fed Research Considers Negative Interest Rates Effective Policy Tool
20.10.2019
A research paper published by the Federal Reserve Bank of San Francisco shows how negative interest rates could become an important policy tool for fighting future economic downturns. The paper examines the market response to the introduction of negative interest rates by five major central banks....
CoinMarketCap Unveils New Crypto Ranking Product: Interest by CoinMarketCap
19.10.2019
CoinMarketCap, the leading website offering financial analytics services and graphs has launched a new lucrative product named ‘Interest by CoinMarketCap’ for facilitating users. The new product will aid in ranking reputed crypto-asset lending platforms in accordance with the interest rates being...
CME Bitcoin Futures Sees Institutional Interest and Demand from Asia
18.10.2019
Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform...
Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous
18.10.2019
In a new report by the International Monetary Fund (IMF) entitled “Global Financial Stability Report: Lower for Longer,” the group gives an overview of the current debt-ridden and precarious state of affairs in global economics. Not lost on some economists, however, is the irony that...
Interest by CoinMarketCap: Compare where you can earn and borrow crypto
17.10.2019
Key takeaways: Interest by CoinMarketCap is one-stop resource for users to find out where to save, earn, borrow and margin-trade with their crypto-assets (i.e. coins and tokens) – all in one place. We are starting with 33 cryptoassets including Bitcoin, […]
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Grayscale: Q3 Saw Record High Inflows, Growing Institutional Interest
16.10.2019
Grayscale registered over $254 million in total investments into its products in the third quarter of 2019
CME: Despite Pullback in Bitcoin Prices, Investor Interest Is Strong
15.10.2019
Despite the Bitcoin price pullback, customer interest in CME Bitcoin futures has remained strong
CME Says Bitcoin Futures Gaining Interest From Big Investors
15.10.2019
The CME touts the success of its bitcoin futures contract, as the battle for institutional investors heats up thanks to competition from Bakkt