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Commerzbank Decides to Lift Loan Provisions due to ‘worsening’ Economic Conditions
8.8.2019
The German economy, which is the largest in Europe and one of the largest in the world, has been going through growing pains over the past few quarters. In such a situation, the country biggest banks have also had to go through their share of pain, and in this regard, banking giant Commerzbank...
Shenzhen Issued 6 Million Blockchain Invoices in 12 Months
7.8.2019
Shenzhen issued nearly 6 million blockchain invoices with a total value of $553 million since inception in August 2018
Goldman Sachs and Apple Have Started Issuing Long-Awaited Apple Credit Cards
7.8.2019
Apple has always been known for producing innovative products and moving into industries in which it did not have any presence at all. The company proved it by moving into the music & smartphone industries in the 2000s. Now, it is moving into the credit card industry. Last month, the tech giant...
Standard Chartered Completes First Transaction on Oil Industry Blockchain Platform Voltron
7.8.2019
Standard Chartered Bank has completed the first international letter of credit transaction on the oil industry blockchain platform Voltron
Facebook and WhatsApp Calling to be Restricted by Apple Due to Data Collection Fears
7.8.2019
Over the past couple of years, users’ privacy has been one of the burning topics when it comes to some of the biggest tech companies and Facebook has probably borne the brunt of the backlash. The company has experienced a series of data breaches and there have been multiple complaints about how...
China Designated as Currency Manipulator by United States Treasury
6.8.2019
In what can be termed as an unexpected turn of events, the United States Treasury has designated China as a Currency Manipulator. The announcement has been done via the Treasury Department’s official Twitter handle on 5th August, followed by a press release. U.S. Treasury Designates China as...
UK Bank Standard Chartered Uses Blockchain for Supply Chain Finance
5.8.2019
Standard Chartered completed its first joint blockchain-based supply chain financing transaction in cooperation with Linklogis
Amazon in Discussion over Buying Stake in Reliance Retail
5.8.2019
Amazon’s foray into India has been largely successful and the company’s Indian business has slowly but steadily grown into one of the most important players in the e-commerce space in the second biggest economy in Asia. However, the competition is now heating up as more and more companies enter...
P2P Crypto Lending Is on the Rise
3.8.2019
As peer-to-peer cash, it only seems logical that cryptocurrency should be deployed for P2P lending. While that application has taken time to materialize, bitcoin and other crypto assets are now increasingly fulfilling that purpose. Across the BTC, BCH and ETH networks, credit is being supplied...
Indian Government Updates Parliament on Crypto Plans
1.8.2019
The Indian parliament has repeatedly asked the finance minister about the government’s plans for cryptocurrency. In July alone, the Ministry of Finance answered three sets of questions: two in Rajya Sabha, the upper house, and one in Lok Sabha, the lower house of the parliament. Also read:...
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...
Apple’s Credit Card to Be Launched in August, Says CEO Tim Cook
31.7.2019
Over the course of the past two decades, tech giants have managed to enter industries that seemed out of their reach and more often than not, they have managed to make it a success. In that regard, Apple has been remarkably successful by entering industries in which no one expected them to succeed....
Indian Finance Minister Addresses Crypto Proposal – Industry Responds
31.7.2019
India’s finance minister has broken silence and talked about the crypto draft bill and report her department is examining which propose to ban cryptocurrencies. While she views the report as “very futuristic and well-thought-out,” the crypto industry sees it as flawed...
Café Coffee Day Founder VG Siddhartha Goes Missing
31.7.2019
In a shocking turn of events, the founder of India’s biggest coffee chain Café Coffee Day, VG Siddhartha, has gone missing since yesterday (29th July) evening from Mangaluru. Siddhartha holds the position as the Managing Director and Chairman in the coffee chain, which is popular across the nation...
Governance Service and Data Privacy Firm BlueTalon Acquired by Microsoft
30.7.2019
In this day and age, data privacy is one of the most important pillars of any tech business. Considering the sort of data breaches that have happened throughout the past few years, it is only natural that tech giant Microsoft is doing everything in its power to further enhances its data privacy...
Crypto Finance: Decentralized Lending Soars, Staking Gains Traction
29.7.2019
Despite having been around for quite some time already, decentralized lending services may now finally be about to break into the mainstream – at least within the cryptoverse – a new report suggests. Moreover, crypto staking is another income-generating practice that is gaining traction in...
Crypto-Focused Finance App Aximetria Wins License From Swiss Regulator
29.7.2019
Aximetria, a firm offering a personal finance app for fiat and cryptocurrencies, has been awarded a financial intermediary license in Switzerland
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...
Costs of One Day Delivery Puts a Dent in Amazon’s Growth in Second Quarter
27.7.2019
Over the course of the last two decades, Amazon has created a new industry altogether and has become the biggest e-commerce company in the world. The primary reason why the company has grown at such a breakneck pace and has spread all over the world is due to its commitment to innovation....
Year On Year Industrial Profits of China Fall by 3.1% as Trade War Problems Hit
27.7.2019
China had been growing at a breakneck pace over the last three decades or so, but now the country is going through an economic downturn as well. The country’s GDP grew at a slower rate for the first time in three decades and that had a major effect on the domestic demand. To make matter …
The...