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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....
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...
Huobi Japan Raises $4.6 million From Tokyo-Listed Financial Services Firm
28.10.2019
Huobi Japan has received $4.6 million in investment from a Tokyo-listed company involved in real estate and financial services
Cash Runs Dry at ATMs as Protests Escalate in Chile
26.10.2019
There’s a lot of unrest in Chile right now as the country has seen massive protests against government manipulation and an escalation of financial problems. Local reports detail a few banking establishments have been burned after customers started having issues withdrawing cash from ATMs....
Financial Officer at SKM Recycling Jailed for Siphoning Off $168,000
25.10.2019
In a new development that will come as a shock for Australian businesses, an employee of SKM Recycling has been jailed for having swindled $168,000 from the company. The employee in question, Delwyn Burgess siphoned off company money and then transferred it to personal accounts. She was employed...
Lebanese Protestors Gather at Central Bank as Financial Lockout Continues
25.10.2019
Since the beginning of widespread protests in Lebanon last week, banks and lending institutions have remained closed, fueling fears of an impending nationwide cash crisis. Attempts to assuage the concerns of suffering individuals without money or options are not proving effective, as officials...
PODCAST: Caitlin Long on Bitcoin as Insurance Against Financial Collapse
24.10.2019
"Bitcoin is less volatile from a systemic perspective than I think the traditional financial industry is," says the Wyoming Blockchain Coalition co-founder
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
Singapore Courts Slap Charges on Three Cases of Financial Crime
24.10.2019
Singapore has grown into one of the world’s most important financial hubs over the past decades, and at the same time, the city-state is also well known for being very tough on financial crimes. Within one single day, the courts in Singapore slapped charges on three separate cases of financial...
3 Major Signs That Precede the Fall of World Reserve Currencies
24.10.2019
The story of reserve currencies is long and stretches far back into ancient times. As modern history shows, however, the average lifespan of fiat reserve assets is just around 100 years. This means that even the U.S. dollar’s period of dominance is probably nearing its end very soon...
Germany’s Financial Crisis Invokes 5-Year Rent Freeze
24.10.2019
All eyes are on the German economy which was once perceived as stable and strong. However, the financial state of affairs has been tumultuous and Berlin’s state cabinet recently agreed to a five-year rent freeze to help curb the rising housing costs in the country. Moreover, Bundesbank just...
Zuckerberg: Facebook Would Quit Libra if Association Launched Prematurely
23.10.2019
Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory approvals
SoftBank Takes Control of WeWork; Announces $5 Billion Financial Package
23.10.2019
The cancellation of the WeWork IPO has been one of the biggest business sagas of the year, and it seems a resolution has finally been reached. It has now emerged that SoftBank, which was the biggest investor in the co-working space startup, has picked up 80% ownership of the company...
How to Watch Mark Zuckerberg’s Grilling in Congress Today
23.10.2019
Facebook's Mark Zuckerberg will be testifying before lawmakers on Libra and more later today. Watch the livestream here
US Treasury to Monitor Libra Over Possible Financial Risks
23.10.2019
The Treasury Department has committed to monitoring the Facebook-led cryptocurrency project Libra alongside regulatory efforts by Congress
Malaysia Regulator Approves International Crypto Exchange Luno
23.10.2019
The strict financial regulator in Malaysia is trying to help the local fintech industry scale up and attract new investors. As part of that trend the Malaysia Securities Commission is recognizing the right of cryptocurrency exchanges such as Luno to serve local customers. Also Read: Credit Suisse...
What to Expect When Facebook’s Zuckerberg Defends Libra on Capitol Hill
23.10.2019
Here's what you need to know before Mark Zuckerberg testifies in front of the House Financial Services Committee on Libra
Zuckerberg to Tell Congress: Libra Can Fix ‘Failing’ Financial System
22.10.2019
Facebook's CEO released his written testimony a day before his scheduled appearance before the U.S. House of Representatives
New York’s Financial Regulator Is Reviewing the Controversial BitLicense
22.10.2019
The New York Department of Financial Services (NYDFS) is revisiting its controversial virtual currency license, the regulator’s head said Tuesday. Speaking at Georgetown University’s Institute of International Economic Law during DC Fintech Week, NYDFS Superintendent Linda Lacewell said...
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...