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Bad Loans at Big British Banks Jump Over 50% in a Year
4.11.2019
Shaken by the never-ending saga around Brexit and the global slowdown, the British economy is now showing signs that point to an upcoming crisis. The U.K.’s biggest banks have been dealing with a growing number of loans companies are struggling to pay off. At the same time, low interest rates...
Crypto Exchange Huobi Gearing Up to Completely Freeze Accounts of US Residents by November 13, 2019
3.11.2019
Huobi, the popular Singapore-based crypto trading exchange, has made an announcement through a post on its official website that it shall be freezing the accounts being operated by US residents with a view to restraining the activities of those investors who fail to comply with the User Agreement....
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...
SEC, CFTC Charge XBT Group With Selling Unregistered Swaps for Bitcoin
31.10.2019
The SEC and CFTC have settled charges with XBT Corp. after alleging the company sold unregistered security-based swaps for bitcoin
Big Name Announcements Will Not Save Your Blockchain Project
30.10.2019
At the peak of the ICO bubble it was a common tactic for project promoters to use big name announcements to pump their tokens. Every day we would hear about a new venture that supposedly signed a partnership with a global brand such as Microsoft or Google, to make us think that these tech giants...
Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq
30.10.2019
Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters....
More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses
29.10.2019
The global economy seems to be heading toward a financial crisis fueled by central planners that could devastate markets worldwide. This year onlookers are witnessing the largest synchronization of central banks printing massive amounts of fiat or participating in other forms of stimulus....
After Breaking New Records Bakkt Announces Crypto Consumer App
28.10.2019
Following the all-time record of 1,179 contracts on October 25, Mike Blandina, Bakkt’s chief product officer, revealed the firm is launching another strategy after announcing its December options launch. Bakkt is releasing a consumer application so retail investors can “unlock the value...
Cred to Demo Global Merchant Solution at Blockchain Week Kick-Off
28.10.2019
On Wednesday, October 30, Cred and the Universal Protocol Alliance will be hosting a live demonstration of a point-of-sale (PoS) device that enables purchases with cryptocurrency. Cred’s PoS financial operating system allows customers to utilize any crypto wallet for purchases at the PoS...
Indian Crypto Trading Volumes Accelerate on Positive Sentiments
28.10.2019
Cryptocurrency trading volumes in India have accelerated despite regulatory uncertainty and banking restrictions imposed by the Reserve Bank of India (RBI). Global trading platforms and service providers have also been expanding their operations to serve Indian users. Also read: Mistakes Crypto...
Where to Spend Bitcoin: A Global Overview From Ljubljana to Zurich
27.10.2019
Slovenia’s capital has more than 10 times the number of Bitcoin-accepting business locations as San Francisco after controlling for population
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...
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....
Regulators Join Forces to Tackle Global Crypto Challenges
25.10.2019
Could global regulators finally be deciding to work together – and are they stepping up their game to respond to the rapidly increasing pace of global fintech progress?
Some of America’s most powerful financial regulators – including the Commodity Futures Trading Commission (CFTC) and...
SEC, CFTC, OCC, FDIC Join UK FCA’s ‘Global Sandbox’
24.10.2019
Four U.S. regulators joined an international alliance of government regulators seeking to bolster the future of fintech
Bakkt Announces Bitcoin Options After Record-Breaking Futures Volumes
24.10.2019
On October 23, Bakkt’s physically-settled bitcoin futures contracts touched an all-time high with 640 BTC ($4.8 million) swapped on the exchange. Coincidentally, the futures action started after BTC prices plummeted to $7,365 across global exchanges. After the record-setting day, Bakkt...
US Financial Watchdogs Join UK’s Global Financial Innovation Network
24.10.2019
An array of U.S. regulatory agencies has joined the U.K’s Global Financial Innovation Network to further promote its expertise
Bittrex International to Face Closure and Bittrex Global to Get Launched on Same Day
22.10.2019
The United States-based leading cryptocurrency exchange Bittrex has broadcasted the news of the long-awaited launch of the Bittrex Global trading platform for its users on October 29, 2019. The announcement also confirmed the closing of the Bittrex International crypto exchange on the same day....
Litecoin Foundation’s Loafwallet Joins Hands With Cornerstone Global Management, LLC for Its CP3 Employee Pay Program
22.10.2019
The leading cryptocurrency-oriented firm, Cornerstone Global Management, LLC, has announced its partnership with the globally reputed platform, the Litecoin Foundation. The strategic partnership is aimed at providing the Loafwallet, serving as Litecoin’s native wallet, as the potent Litecoin wallet...
FATF Starts Checking How Well Countries Implement Crypto Standards
21.10.2019
The Financial Action Task Force (FATF) has agreed on how it will assess whether countries have taken the necessary steps to implement the crypto-related requirements. “Given the global nature of the virtual asset industry, it is essential that countries implement these requirements...