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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...
PR: Cred and Bitcoin.com Join Forces to Boost Crypto Lending
15.7.2019
By John Yearwood Cred Correspondent Amid a dramatic Bitcoin bull run, two of the most influential names in the blockchain finance industry have launched a platform to expand global lending and earning on investments in cryptocurrency. The partnership between Bitcoin.com and Cred allows Bitcoin.com...
How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
14.7.2019
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion...
Facebook Reaches $5 Billion Settlement with the Federal Trade Commission
13.7.2019
Facebook has found itself in a whole range of problems over the past couple of years, and many of the problems struck at the very heart of its business. Other than issues related to failure to block advertisements bought by Russians in the lead up to the United States Presidential elections, there...
‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders
12.7.2019
P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically...
100,000 Employees to be Retrained by Amazon in New Plan
12.7.2019
Amazon has grown into one of the world biggest companies with a market capitalization touching $1 trillion in a matter of around two decades, and it has managed to achieve such hyper growth due to the sort of innovation it brought into a new industry. For a company to grow at such a breakneck pace...
Shell Invests In Blockchain Startup That Uses The Tech For Energy Tracking
11.7.2019
Blockchain technology is the latest and most disruptive innovation that has been unleashed on the tech scene over the past couple of years. While it is true that most people associate it with cryptocurrencies, it is important to note that the creation of cryptocurrencies is only a tiny part of...
Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
9.7.2019
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly...
Swap and Track BCH on the New Shapeshift Suite for Noncustodial Crypto Management
8.7.2019
Shapeshift, the company that allows traders worldwide to exchange hundreds of cryptocurrency pairs launched its new crypto platform that now offers an integrated suite of digital asset management in a noncustodial fashion. The firm believes the latest release offers a true end-to-end solution that...
Face ID and Touch ID could be introduced by Apple to make iCloud Sign-ins Easier
8.7.2019
One company that is well known for making the most user-friendly but highly technically evolved products is Apple and over the years, it has continued to do so. In fact, the technical sophistication and the ease of usage have been two of the cornerstones of the company’s success over the past...
‘Don’t Worry We Can Just Print More Money’ – Swedish Central Bank Ponders -1.5% Interest Rate
6.7.2019
At a press conference on Wednesday, the head of the Swedish Central Bank admitted that interest rates could potentially go as low as -1.5%, and quipped that Swedes likely wouldn’t even protest. Other countries implementing negative interest rate policies are producing lukewarm results that...
Three Bank Failures Open New Chapter in Never-Ending Financial Crisis
5.7.2019
The collapse of three banks on three different continents indicates a new global crisis is brewing. But it may also show that the last one never really ended and the tools used to manage the global economy simply don’t work. Also read: Side Effects of Economic Growth: Is Snowden Right to...
Cardano Foundation Joins Global Digital Finance, Will World Towards Standardizing Crypto
5.7.2019
Cardano Foundation announced on Thursday that it had joined the London based organization, Global Digital Finance (GDF). The move will allow Cardano to contribute towards building global governance and standardizing crypto policies. The Cardano Foundation – in line with its goals to help shape...
Microsoft Likely to Introduce Mini XBox at $60
5.7.2019
Tech giant Microsoft might be better known for its Windows and Office software applications, but over the years the company has diversified into a range of businesses. However, one of the company’s biggest businesses is in gaming that draws in billions of dollars every year and it revolved around...
Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange
5.7.2019
Cryptocurrency tracking instruments traded on established equity exchanges allow institutional and retail investors to gain exposure to digital assets. Now there is a new option to invest in bitcoin cash (BCH) with an exchange traded product in one of the most advanced markets in the world. Under...
Cyprus' Finance Minister: Blockchain Draft Bill to be Ready This Year
4.7.2019
Cyprus’ blockchain regulation draft will be ready this year, according to the country’s finance minister Harris Georgiades
Microsoft Announces Intelligent Cloud Delivery Strategic Partnership With Etisalat Digital
4.7.2019
For many years through the noughties and early years of the 2010s, Microsoft seemed like a sleeping giant as many other tech giants passed it by in terms of innovation and newer products. However, just when it seemed that the tech giant was either unable or unwilling to get its act together; it...
Major Chinese Financial News Provider Quietly Adds Crypto Index
4.7.2019
Sina Finance, major Chinese financial news source, has silently launched crypto index on its mobile app, according to local reports
Nordic Banking Behemoth Nordea Invests 5 Million Euros In Swedish Neobank P. F. C.
4.7.2019
Throughout the course of the history of the financial system, the latest innovations have managed to improve the entire system in a way that had not been envisaged and in that regard, Fintech is perhaps the latest example. Over the past five years, the Fintech industry has grown into...