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Israeli Court Rules Bitcoin Is an Asset


An Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor...

As HSBC Guns for More Market Share, More Tech Jobs To Come Up in China


HSBC Holdings is one of the largest banking giants in the world and over the course of its history; the bank has always had a strong presence in Asia. However, the lender is not going to rest on its laurels and is looking to further consolidate its presence in the continent by adding as many...

Goldman in Talks to Buy European Budget Hotel Chain for 1.9 Billion Euros


Over the course of the last few decades, Goldman Sachs has firmly established itself as the byword for shrewd investing and remains the gold standard in high finance at a global level. The bank is involved in creating highly sophisticated securities for its clients and remains the world’s most...

CEO of Ripple Equated xCurrent as an Upgrade to SWIFT


In the recent Swiss National Bank Conference, many of the major players from the banks and financial institutions participated. The theme of the event was around the creation of CBDC’s and their impact on the global economy, and lastly the use of USD as the prominent currency on the global level....

After Trillions Printed Under QE, Politicians Now Say Deficits Don’t Matter


When quantitative easing (QE) was introduced, it was likened to a drug, with central banks making an emergency injection of money to resuscitate the global economy. Now it seems that some politicians have gotten addicted to this drug, going as far as to claim that government deficits don’t...

Australia Faces The Threat Of Unemployment


The graph of the unemployment rate in Australia has taken a step higher, which has affected the labor market adversely.  This mounting unemployment has boosted the chances of an interest-rate cut. As per the statistics bureau reports, the unemployment rate, which stayed at 5.1% in March,...

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