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Nalezeno "AI Sector": 855

‘In Small Steps’ China Cuts Benchmark Interest Rates

1.12.2019
Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis...

Crypto Employees in China Work From Home to Avoid Government Pressure

29.11.2019
Not too long after embracing blockchain, Beijing has made it clear, one way or the other, that it didn’t mean Bitcoin. Increased scrutiny over the cryptocurrency sector and harsh measures against some companies have been implemented to supposedly protect citizens from scams. Sources say...

US Government Worried Crypto Can Shift Power to Private Sector

28.11.2019
Cryptocurrency is one of the top issues for the U.S. Treasury. Particularly, the Treasury is worried decentralized cryptocurrencies can shift some functions away from the government to the private sector and raise the issue of self-government, according to Deputy Secretary of the Treasury Justin...

PlayDapp Set to Unlock the True Potential of Blockchain in the Gaming Sector

8.11.2019
In the main conference ‘D. FINE’ of Asia’s biggest blockchain festival Korea Blockchain Week (KBW 2019), the application of blockchain in the gaming industry was discussed. Many blockchain and gaming proponents stressed on the fact that “killer applications” could be created using blockchain...

US Edging Ahead of China and Europe in this Crypto Sector

31.10.2019
While the United States might be losing ground to China in the blockchain technology race, and has slightly fewer players in the security token ecosystem than Europe, the world's largest economy still dominates in a several security token-related areas, per the findings of a...

McKinsey: Majority of Banks May Not Be Economically Viable

25.10.2019
Management consulting firm McKinsey & Company has published a global banking review and found that a majority of banks worldwide may not be economically viable. More than half of them still do not generate their cost of equity 10 years after the crisis and may not survive an economic downturn....

Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial

23.10.2019
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...

Earn More Interest on Your Crypto With These Comparison Tools

20.10.2019
2019 has been the year in which crypto lending has really taken off. Centralized and decentralized finance have been major growth areas, aided by crypto exchange integration and a backdrop of negative interest rates in the banking sector. Why be penalized for saving fiat when you can be rewarded...

Banking Giant HSBC Set to Fire 10,000 More Employees

8.10.2019
The banking sector continues to suffer drastic layoffs as the global economic outlook remains uncertain. The latest financial institution reported to be set for cutting a massive amount of workers is HSBC, which has already announced firing thousands of people just a few weeks ago. Also Read:...

FOIN Allows Merchants to Accept Crypto Payments In-Store

7.10.2019
FOIN, a cryptocurrency company and a developer of the transparent payment system FoPay, announced the strategic partnership with Cyclebit, a crypto payment solutions provider. According to the official information, starting from that day, FOIN, the decentralized peer to peer cryptocurrency for...

Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide

30.9.2019
Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits...

Swiss Banks Team With Fintechs to Enter the Crypto Space

25.9.2019
Multiple joint projects between banks and crypto companies based in Switzerland now offer customers the opportunity to invest in digital assets and take advantage of banking services related to cryptocurrencies. It’s all happening in a regulated environment, generally friendly towards...

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