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Banking Giants JP Morgan and Goldman Sachs Caution against Chinese Stocks as Trade War Continues
13.8.2019
The continued trade war between the world’s two biggest economies, the United States and China, has proven to be the biggest economic issue in this decade. On top of that, there is still no sign that the trade war is going to be resolved any time soon, and that has made life extremely different...
New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup
13.8.2019
ABS has invested a "significant" amount in TradeWindow, a startup working to put trade finance on a blockchain
New Zealand Bank ASB Invests in Local Blockchain Trade Platform
13.8.2019
NZ Bank invests in DLT-based platform to streamline global trade
Supreme Court of India postpones the case on Cryptocurrency Ban till January 2020
9.8.2019
Crypto trades in India have been confronting a year-long fight, when a Reserve Bank of India circular, which took effect on July 2018, levied a ban on regulated financial foundations to service crypto-related organizations. Stakeholders from several industries filed writ petitions to challenge...
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
9.8.2019
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup...
Crypto Analyst Predicts Bitcoin May Hit $15K to $20K in Few Weeks
8.8.2019
If we believe the biggest cryptocurrency analyst of YouTube, Bitcoin (BTC) will possibly hit the mark of $15,000 to $20,000 in the upcoming weeks. Nicholas Merten has talked elaborately about the Bitcoin bullish trend he sees approaching in the new DataDash episode. As per Merten, BTC may hit...
ECB to Increase Online and Offline Efforts to Monitor Crypto Trade and Related Activities
8.8.2019
At a time when regulators across the globe are taking steps to tighten their grips on virtual currencies, the European Central Bank (ECB) has also decided to follow the trend. The ECB will ramp up its surveillance efforts to monitor crypto activities in the region. The apex banking regulatory body...
SBI Holdings’ Crypto Exchange Adopts New Tech to Help Meet FATF Standards
8.8.2019
VC Trade, the crypto exchange launched by SBI Holdings, is integrating new tech to help it comply with new international KYC standards
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
Currency War Erupts as US and China Bring Out the Big Guns
6.8.2019
What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people...
US Authorities Start Tightening Grip On Crypto Trade, Send Notices To Cryptocurrency Owners
27.7.2019
The crypto trade finally seems to be falling in regulation in the US, as authorities start to tighten their grip on crypto trade and digital currency owners. In a statement released on Friday, the Internal Revenue Services (IRS) of the US said that it has started sending letters to crypto owners...
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 …
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Three Years, Three Times the Growth- What is the Secret of Coinbase Growth?
27.7.2019
Greatness needs passion. But even the greatest passion roots in certain principles. Coinbase, since its launch three years ago, has tripled in size, business, expansion, and so much more? What is its driving force? It started with tens of engineers, for example, three years ago; and now it...
LedgerX gets a Green Signal from the U.S. Market Regulators
26.7.2019
The U.S market regulators have given a green signal to LedgerX. This approval has opened the gates to trade Bitcoin futures for the exchange. This new shift in the exchange’s portfolio is expected to bring in more growth and is being considered as a step towards the brighter future of...
A History of Violent Intervention: John McAfee to Help Cuba Resist US Sanctions With Crypto
10.7.2019
Former antivirus software guru and 2020 Libertarian presidential “hopeful” John McAfee is a controversial figure, polarizing opinion in politics and culture, and taking a bold stand against the U.S. federal government. Most recently this has involved offering to help the Cuban state...
Singapore Suggests Waiving GST On Cryptocurrencies Used As Exchange Medium
8.7.2019
Singaporean taxation body, the Inland Revenue Authority Of Singapore (IRAS) has suggested that the Goods and Services Tax (GST) must be lifted on all cryptocurrencies used as a medium of exchange. It published an e-draft titled “Digital Payment Tokens,” which asks the government to exempt...
John McAfee Announces The McAfee World Trade Competition For Crypto Traders
1.7.2019
Computer Scientist and Crypto Promoter John McAfee, has announced a unique competition for enthusiasts and will give away about $100,000 worth Ethereum in prizes. The competition is called World Trade Competition and will be held in three stages – weekly competition, quarterfinals, and Word Trade...
Binance Announces Partnership With Paxos For Latest Deposit Gateway
27.6.2019
The crypto industry never ceases to surprise its community. In one such latest development, Binance has now made its collaboration with Paxos public on 26th June 2019. Paxos and Binance, the largest digital currency exchange in the world in terms of trading volume, are coming together for...
Financial Commission Approves A-Category Membership of Trade99
24.6.2019
The Financial Commission approved the A-Category membership of Trade99 on 4th June 2019. The Financial Commission is an independent EDR (External Dispute Resolution) organization that is dedicated to the industry of foreign exchange. Trade99, on the other hand, offers a digital currency-backed...
More than One Year Later, BTC Price Skyrockets Past $10K
22.6.2019
On June 21, the price of bitcoin core (BTC) crossed the $10,000 mark for the first time since March 08, 2018. At the moment BTC has a $180 billion dollar market capitalization as the cryptocurrency gathered more than 166% over the last six months. Also read: These Are 2019’s Biggest...