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Chinese Authorities Scrutinize and Report on Crypto Exchanges
19.11.2019
According to a notice issued on weibo.com, and later confirmed as authentic by business publication Caixin, authorities in Shanghai appear to have dispatched officials for conducting reviews of area businesses engaged in cryptocurrency dealings, and are set to report back to financial regulators...
Crypto Debit Card Targets Generation Z With a Promise of Financial Freedom
19.11.2019
From video games to fizzy drinks, teens have their own spending agenda. Raised in the digital age, generation Z also has a special sense of freedom, a product of unrestricted access to the internet and mass availability of new technology. Its members are potential natural adopters...
US to Strictly Enforce Crypto Rules Similar to FATF Guidelines
19.11.2019
The U.S. government will strictly enforce the rules on cryptocurrencies similar to the standards recommended by the Financial Action Task Force (FATF). The Financial Crimes Enforcement Network has reaffirmed that its “Travel” rule applies to cryptocurrencies. Meanwhile, the Federal...
Spanish Financial Watchdog Warns Against Unregulated ICO Scheme
18.11.2019
A Spanish financial watchdog has issued a warning against Ethereum-based token dubbed AlyCoin
Crisis Fears Rise as Global Debt Hits a Record $250 Trillion
18.11.2019
The world’s total liabilities continue to grow rapidly as a new report reveals global debt is now over a record $250 trillion. For many investors and market watchers this raises the specter of another potential major economic crisis triggered by a collapse of the global financial system....
Visa R&D Arm Develops a Blockchain System That Could Replace Financial Data Aggregators
18.11.2019
Visa has been quietly developing a blockchain system that could upend how banks transfer data to consumer financial apps like Mint and Credit Karma
Stablecoins ‘Pose Risk to Financial Stability’ Warns Federal Reserve
16.11.2019
Stablecoins only “complementary” if they obey regulators, suggests Fed
Crypto Leaders Propose Open Compliance Protocol For Financial Action Task Force
16.11.2019
Can a new compliance protocol make it easier to follow FATF regulation?
Stablecoin Crisis Could Wreck Global Finance, Fed Warns in New Report
15.11.2019
The Fed warned that a stablecoin crisis could wreak havoc on the global economy and outlined the steps issuers must take to protect the status quo.
Germany Barely Avoids Recession, Economy Remains Stagnated
15.11.2019
The German economy, the largest and most influential in Europe, narrowly missed falling into recession last quarter. But with quarterly GDP growth averaging a little over 0% since the third quarter of last year, the Old Continent’s economic powerhouse is facing stagnation. Also read:...
Bitcoin ETF Could Help Stabilize the Market: Paul Atkins Backstage at The Capital
14.11.2019
Paul Atkins, the former commissioner of the U.S. Securities and Exchange Commission, and Robert Greene, a visiting research fellow at the Center for Digital Financial Assets at Tsinghua University, spoke to The Capital backstage yesterday, during day two of CoinMarkCap’s […]
The post Bitcoin...
Dubai to Host City’s First Bitcoin Cash Meetup on Saturday
13.11.2019
As Dubai is renowned as an international business and financial hub it should be no surprise it has a dedicated community of cryptocurrency supporters. On Saturday the residents of the city are coming together to learn about bitcoin cash and party. If you are in the area that day, make sure not...
Venezuela to Pay Taxes and Financial Services Through Petro Cryptocurrency
12.11.2019
Amidst the crumbling economy and ever-growing inflation, the Maduro government in Venezuela has been trying to hold control. As part of the economic revival plan, Venezuelan president Maduro launched a state-owned cryptocurrency Petro last year. The currency was meant to strengthen and alleviate...
Alibaba Subsidiary Ant Financial Tests Its Enterprise Blockchain
12.11.2019
Alibaba’s financial technology subsidiary started testing its enterprise blockchain
Alibaba’s Ant Financial Starts Pre-Launch Testing of Consortium Blockchain
12.11.2019
The fintech arm of Chinese tech giant Alibaba Group said it expects the blockchain to go live in around three months
Crypto Banks Gain Regulatory Recognition Across the Globe
11.11.2019
Traditional financial institutions are still leery about decentralized cryptocurrencies. They are only starting to explore the potential of digital assets. But a new breed of banks specializing in crypto have been working hard to take advantage of this trend and are gaining regulatory recognition...
Even Financial Professionals Say Bitcoin to Outperform S&P 500
11.11.2019
Almost 50% of surveyed financial professionals think that, over the course of the next year, Bitcoin (BTC) will outperform a popular stock market index, S&P 500. And while many of them still avoid cryptocurrencies, majority believe there will be a global digital currency in the next decade.
Crypto...
Danske Bank Caught Using Gold Bullion to Launder Illicit Funds
10.11.2019
The Danish financial institution Danske Bank has been embroiled in a massive money-laundering scandal associated with an Estonian branch that allegedly laundered $223 billion in an eight-year period. According to documents uncovered this week stemming from 2012, Danske Bank’s Estonian branch...
Virtu Financial Launches New Unit ” Virtu Capital Markets” for Capital Markets
8.11.2019
In a new development that will be closely watched by the financial industry Virtu, announced the launch of a separate business unit “Virtu Capital Markets” that is going to be solely concerned with the capital markets. Virtu Financial is going to provide some specialized services that could prove...
Could Blockchain Technology Prevent the Next Financial Crisis?
8.11.2019
What exactly can blockchain tech to offer in order to put a stop to the future declines in economic