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Huobi Meets ‘Loud and Clear’ Demand for Crypto Savings Accounts
19.8.2020
Huobi makes a pitch to those who ”want to earn a good profit worry-free.”
Crypto Savings Accounts Are Coming to Fintech Firms That Use Wyre
14.8.2020
Crypto payments startup Wyre is offering white-labeled savings accounts that dole out interest on crypto, the company announced Friday
What Does A Looming Recession Mean For Your Savings?
11.8.2020
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Times are increasingly uncertain. The dollar has lost more than 10% of its value in the last month alone. The FED and other central banks are printing paper money like crazy, causing inflation - similar...
US Regulator Green-Lights Banks for Cryptocurrency Custody Services
23.7.2020
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related...
Cosmos, Polkadot Join Terra In New DeFi Savings Project
7.7.2020
Guided by a belief that decentralized finance (DeFi) is still missing “a simple and convenient savings product,” South Korea-based stablecoin issuer Terra (LUNA) has revealed Anchor, a new DeFi project.
The new platform will be governed by a newly formed organization the Interchain Asset...
Dollar Crash Imminent, Former Morgan Stanley Chief Economist Stephen Roach Predicts
18.6.2020
Stephen Roach, former chief economist at Morgan Stanley, has predicted that a dollar crash is coming, forecasting a 35% drop in the dollar’s value against other major currencies. He expects the U.S. national savings rate to sink deeper into negative territory than it has ever done before....
US Tax Court Says You Should Sell Your Crypto Savings If You Owe IRS
17.6.2020
The US federal court sides with the IRS in a dispute involving crypto whales and unpaid taxes
Bitcoin IRA Is Ready to Take On Small Savers With Updated Retirement Savings Product
11.6.2020
Bitcoin IRA, the retirement savings startup, now has a no-balance-minimum account that only requires a monthly deposit minimum of $100
From Buenos Aires to Beirut – Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money
18.5.2020
The coronavirus and the government-induced lockdowns have wreaked havoc on the global economy and millions of people can’t access their own money. Reports from financial stricken areas like Venezuela, Argentina, and Lebanon show that citizens are being stopped from accessing their...
Ledn Launches USDC Stablecoin Savings Accounts With Focus on Latin America
14.5.2020
Ledn is now offering USDC stablecoin savings accounts through a partnership with the crypto lending and trading conglomerate Genesis
Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them From Inflation
20.2.2020
Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people...
UK Regulator Tells Stablecoin Savings Firm: Get Your Ads off the Tube
10.2.2020
The British Financial Conduct Authority (FCA) has ordered the London Underground to take down advertisements for startup Zeux – a company that uses stablecoins as part of a high-interest savings offering.
The FCA appears to have expressed concern that Zeux’s business model involves using customer...
The Country With Europe’s Highest Interest Rate Has Cut It 5 Times This Year
14.12.2019
Around half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when...
ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy
5.12.2019
European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel...
Bitcoin Gives the World ‘Democratization of Savings’ — Misir Mahmudov
27.11.2019
Misir Mahmudov: Bitcoin allows anyone to save without permission
Restrictions Worldwide Show Why It’s Vital to Be Your Own Bank
20.11.2019
As capital controls and banking restrictions continue to affect various populations worldwide, standing in the way of individuals and their hard-earned savings, some are looking to safer options and even cryptocurrencies. Lebanon, Zimbabwe, and India are just a few of the countries to deal with...
ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’
1.11.2019
Newly installed European Central Bank President Christine Lagarde made controversial remarks in a recent statement prior to assuming her new role. The former IMF Managing Director implored: “isn’t it true that ultimately we have done the right thing to act in favour of jobs and...
Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown?
1.11.2019
Negative and zero interest rate policy (NIRP and ZIRP) are becoming a new global norm. Endless printing of paper money is said to make economies stronger, while everyday individuals are seeing their savings worth less and less. These policies were traditionally viewed as last ditch, temporary...
Bank Raided, Arrests Made but RBI Still Restricts Withdrawals
6.10.2019
The crisis has elevated at the cooperative bank recently placed under regulatory restrictions by India’s central bank. Multiple branches have been raided and several arrests were made. However, the RBI continues to impose a withdrawal limit, preventing bank customers from accessing their...
Capital Controls in Argentina Demonstrate Dangers of Government-Controlled Money
5.9.2019
The current financial system, with governments and central banks controlling the flow of money, creates impediments for people’s economic freedom. Among them is the danger that the ruling class will try to hide its mismanagement of the country’s affairs by preventing people from voting...