Search
Changing the Universal Gravitation in the Financial Industry
17.3.2020
The future of the financial system lies in the DLT-based solutions that provide more trust and transparency
Bitcoin Reacts to Fed’s 0% Rate Drop, Reserve Requirements Removed, $700B in Stimulus
16.3.2020
On Sunday, the U.S. Federal Reserve slashed the benchmark short-term rate by 100 basis points bringing it to zero. In addition to the rate cut, the Fed promised $700 billion in bond purchases and eliminated all reserve requirements for smaller financial institutions. However, the Fed’s rate...
Coinbase Chief Legal Officer Leaves to Take Senior Role at US Bank Regulator
16.3.2020
Coinbase chief legal officer Brian Brooks will be the new COO and first deputy at Office of the Comptroller of the Currency, which oversees banking regulation in the U.S
Bank of Russia Says New Digital Assets Bill Will Outlaw Crypto Trading, Issuance
16.3.2020
The central bank is in favor of digital securities, but maintains cryptocurrencies shouldn't be allowed in Russia
Russia’s Central Bank Seeks to Ban Crypto Issuance and Circulation
16.3.2020
Russia’s crypto bill will ban crypto issuance and circulation, a legal exec at the country’s central bank says
Zimbabwe Returns to Crypto as Reserve Bank Proposes Regulatory Sandbox
16.3.2020
Zimbabwe is now warming up to crypto as the infamous Zimbabwe dollar exists once again
Sending Cash to Friends and Family Through Bitcoin ATMs Is Safer Than Crowding Bank Offices During Pandemic
16.3.2020
Transferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to prevent large groups of people gathering in confined spaces to reduce the risk of transmitting the coronavirus infection. Remittances are a lifeline for people...
Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify
15.3.2020
Despite the Indian supreme court quashing the central bank’s ban on crypto, some major banks, including HDFC and Indusind Bank, are still arbitrarily declining to process crypto transactions. Banks say they are waiting for instructions to lift the ban from the Reserve Bank of India (RBI)....
What Happens When Currencies Fail? Feat. Preston Pysh
13.3.2020
Massive and novel government intervention in markets is now a foregone conclusion, but what happens to bitcoin as the dust settles?
Germany’s Bitcoin Group Welcomes Licensing for Crypto Custodians, Expects Competition From Banks
13.3.2020
Bitcoin Group SE, a prominent member of the European crypto industry, has been preparing to apply for permission to conduct crypto custody activities in its home country, Germany. The providers of such services in the Federal Republic are now recognized as financial institutions. Bitcoin Group...
Disney World Economics: How Coronavirus Could Be Used to Justify a Global Financial Reset
13.3.2020
‘What in the world is going on’ has now become a question of real pertinence, instead of just a cliché for common bewilderment. As COVID-19 panic grips the world, ripple effects are crashing markets and effectively canceling economies across the globe, scrawling the writing on...
Bank of England Releases Discussion Paper on CBDCs
13.3.2020
The 57-page paper released by the UK’s central bank outlines how CBDCs could be introduced to existing markets
Gold and Bitcoin Markets Tested, While Central Banks Try to Quell Stock Market Rout
13.3.2020
Central banks worldwide have been bracing for the worst, as the global economy has shuddered over the last seven days. On March 11, the Bank of England slashed rates by 50 bps bringing the base rate down to 0.25%. Meanwhile, Wall Street bankers and U.S. President Donald Trump want the Federal...
$135B Injection from European Central Bank Dwarfs BTC Market Cap
12.3.2020
Following similar efforts from the U.S., the ECB plans to inject $25 billion more than Bitcoin’s entire market cap into finance
Down 26%: Bitcoin Sees Worst Sell-Off in 7 Years as Coronavirus Spurs Flight to Safety
12.3.2020
Bitcoin suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies
Chase Bank Settles on Credit Card Crypto Transactions Class Suit
12.3.2020
US-based Chase Bank has settled an agreement with a class of customers who claim the bank billed their credit card cryptocurrency transactions by classifying them as expensive cash advances without prior warning.
Chase’s customers Brady Tucker, Ryan Hilton, and Stanton Smith accused the bank...
Chase Bank Settles Suit Over ‘Sky-High’ Credit Card Charges for Crypto Purchases
12.3.2020
The bank had allegedly charged the plaintiff over $160 in fees and interest for regularly purchasing cryptocurrencies
Digital Pound Could Present ‘Challenges’ for UK, Says Mark Carney
12.3.2020
The outgoing governor of the Bank of England highlighted the potential risks to monetary governance if a central bank digital currency were to be launched in the U.K
JPMorgan Chase Settles in Suit Over Credit Card Crypto Purchases
12.3.2020
JPMorgan Chase has settled a $1 million lawsuit with three men over abrupt changes made to its credit card fees for crypto purchases in 2018
As NY Fed Promises More Cash, What Will Christine Lagarde Do?
11.3.2020
Bitcoin prices slid for a fifth straight day, but the bigger news is what the NY Fed and Christine Lagarde's ECB do next