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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...
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...
Huobi Receives Digital Asset Trading License From Finance Ministry of Thailand
26.7.2019
Crypto enthusiasts in Thailand have a reason to rejoice. According to the latest reports, Huobi has now been granted the Digital Asset Trading License by the Finance Ministry of Thailand. The license has been given to the Thailand subsidiary of Huobi, called the Huobi Thailand, making it only...
Amazon Seeks Stable E-Comm Policy and Engaging With Indian Government
26.7.2019
Earlier this year, Amazon India and other e-commerce firms had run into trouble due to a new set of regulations that had been introduced by the Indian government. However, the company is no longer taking any chances and is currently engaging regularly with the government, to ensure that...
Private Equity Group Advent Acquires Cobham for £4 Billion in Cash
25.7.2019
Defense supply is one of the biggest industries in the world and it is perhaps the only industry that is recession-proof. It doesn’t matter whether a nation is going through an economic downturn, but it is going to continue to spend on its defense. As a matter of fact, defense expenditure at...
Masterchef Australia Hosts in Multi-Million Dollar Deal Talks with Netflix and Amazon
24.7.2019
For as long as television has existed, cooking shows and competitions have been an integral part of its. In that regard, the Masterchef franchise has been one of the most famous ones of the past decade and a half. Over the past decade or so, Masterchef Australia became the most famous show from...
Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing
23.7.2019
The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report...
UK Finance Watchdog Mimicked in Crypto Scam Email
23.7.2019
British regulator, the Financial Conduct Authority, is being impersonated in an email promoting a cryptocurrency scam
Microsoft Settles Bribery Charges in Hungary with $25 Million Fine to Federal Government
23.7.2019
When it comes to some of the biggest companies in the world and their quest to expand into new markets, then there is always a possibility of resorting to unfair means. It can especially crop up if a country is trying to expand into new countries and having very little idea about the ways...
The Myth of Authority: Mnuchin Denies USD Is Used Criminally
22.7.2019
U.S. Treasury Secretary Steven Mnuchin has once again weighed in on bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of...
Google All Set to Take on Amazon with Launch of New Shopping Portal
22.7.2019
Over the past decade, Google has looked on as Amazon cornered the e-commerce market in its own inimitable way and considering the sheer size of the market, it was not going to stay away from the market for long. As a matter of fact, Amazon had even become a major threat for Google when...
G7 Agrees on Crypto Action Plan Spurred by Facebook’s Libra
20.7.2019
G7 finance chiefs met this week and Facebook’s Libra cryptocurrency was high on their agenda. They agreed on several crypto initiatives and fast regulatory responses to projects such as Libra, calling for them to meet the highest standards of financial regulation. Also read: G20 Leaders Issue...
Indian Government Breaks Silence on Crypto Regulation
19.7.2019
The Indian government has finally spoken up about the regulatory framework for cryptocurrency it has been deliberating, providing answers to questions presented in the upper house of the Parliament of India. The government also confirmed that the report with the recommended crypto regulation...
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
German Finance Minister: Facebook Shouldn’t Be Allowed to Compete with the Euro
16.7.2019
“The issuance of a currency does not belong in the hands of a private company," according to Germany's finance minister
Google Heads Back Into Social Media with New Venture Named ‘Shoelace’
15.7.2019
There are very few tech-related products in which Google has failed spectacularly, but social media is definitely one of those. Social media has become an industry worth hundreds of billions of dollars due to companies like Facebook, Twitter, and others. However, Google could not make a mark in...