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Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto

2.8.2019
On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description...

Liquidity Difficulties in China: Second Bank Bail-Out Now Reality

1.8.2019
Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of small banks have been experiencing liquidity difficulties in the past few months. Observers believe the expanding problem has the potential to trigger...

Former Brazilian Central Bank Chief Praises Bitcoin, Libra

30.7.2019
Gustavo Franco. Source: a video screenshot, Youtube, Canal UM BRASIL The former governor of the Central Bank of Brazil has heaped praise on Bitcoin – and suggested that McDonalds and Starbucks follow suit with Facebook, and consider launching cryptocurrencies of their own. In an editorial piece...

Philippines’ Biggest Bank has Unveiled its Own Digital Currency

29.7.2019
According to the latest reports, one of the biggest banks in the Philippines, called the Union Bank of the Philippines Inc., has introduced its digital currency. Thus, the bank which is more commonly referred to as UnionBank has now become the nation’s first bank to have conducted transactions...

Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto

28.7.2019
When we think of the unbanked, we envisage citizens of developing nations who lack the means and documentation to obtain access. But you don’t have to be a Mongolian goat herder to find yourself financially excluded. In the West, relatively affluent citizens are having their banking services...

Microsoft and Apple Join Second Vision Fund of SoftBank

26.7.2019
SoftBank Group has probably been the biggest driver of growth in the tech space over the past decade or so. It has backed some of the most interesting startups all over the world and has managed to grow them into behemoths. The company had made investments in companies like Uber and We work among...

US, EU and Japan Could Trigger ‘Cold Currency War’ by Debasing Fiat

24.7.2019
The world’s major central banks are waging war to determine who can make their respective fiat currency weaker. With the likelihood of even more money printing and negative interest rates ahead, people need to be ready to see the value of their money evaporate and the price of everything else...

Deutsche Bank Collapse Could Crash Global Financial Markets

21.7.2019
German financial services giant Deutsche Bank AG is one of the largest and most important economic institutions in the world. Mainly due to self-imposed scandals, the bank is now having to taking drastic measures to stay afloat. Investors everywhere should note that if such a critical piece of...

Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

12.7.2019
According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into...

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