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Despite Potential Economic Slowdown; Citi Goes Big on Credit Cards
6.9.2019
When there is an economic slowdown, then the availability of credit dries up instantly and eventually, the government of the country’s central bank has to stimulate the economy through financial packages. Banks generally stop the tap as far as giving any kind of credit is concerned and eventually...
U.S. Congressional Probe Identifies Possible Gaps in Deutsche Bank’s Money Laundering Controls
6.9.2019
A decade or so ago, German banking giant Deutsche Bank AG was counted among the biggest banks in the world, but the financial crisis of 2008 hit the bank hard. Since the financial crisis, the bank has struggled to put its business into top gear again, and now it is faced with a legal issue...
NSA Reportedly Working to Develop Quantum-Resistant Crypto
5.9.2019
The United States NSA (National Security Agency) is reportedly attempting to develop a quantum-resistant crypto. As indicated by a tweet from Bloomberg cybersecurity journalist William Turton, Anne Neuberger, the director of the NSA’s Cybersecurity Directorate, stated at the tenth Annual...
NSA Reportedly Working to Develop Quantum-Resistant Cryptocurrency
5.9.2019
The United States NSA (National Security Agency) is reportedly attempting to develop a quantum-resistant cryptocurrency. As indicated by a tweet from Bloomberg cybersecurity journalist William Turton, Anne Neuberger, the director of the NSA’s Cybersecurity Directorate, stated at the tenth...
Bank of Armed Forces Criticizes Mastercard for Stopping Card Service in Venezuela
5.9.2019
One country that has been in the middle of a prolonged economic depression is Venezuela and despite the country’s vast reserves of oil, there seems to be no way out for the citizens. The country is suffering from severe food shortages, runaway inflation, and other troubles that one associated with...
NSA Working to Develop Quantum-Resistant Cryptocurrency: Report
5.9.2019
The NSA is pursuing the development of a quantum-resistant cryptocurrency, as reportedly revealed during the Billington CyberSecurity 10th annual summit in D.C
FIN Advises US Congress To Govern Cryptocurrencies Under Bank Secrecy Act
3.9.2019
The leading strategic advisory firm, Financial Integrity Network or FIN, has released an advisory recommendation for U.S. Congress concerning the regulatory measures of the cryptocurrency sector. In a testimony before the crucial hearing, FIN announced that it purports to establish a new financial...
High-Level Indian Panel Working on Far-Reaching Reforms in Country’s Fintech Sector
3.9.2019
The Fintech sector has become one of the fast-growing sectors globally, and it has become an important sector in India as well, which remains one of the biggest economies in the world. The government of India has pushed the usage of Fintech solutions for the everyday transaction and came up with...
SoftBank’s Brightstar and Wirecard Ink Cooperation Agreement
2.9.2019
The growth in Fintech has been nothing short of extraordinary over the past half a decade or so, and it is going to continue for the foreseeable. The development of technology and the wide use of smartphones as well as the internet made it possible for the Fintech industry to grow at a breakneck...
Analysts Project Tough Times Ahead for Banks After Gloomy Bank of America Forecasts
30.8.2019
More often than not troubles in the banking sector do not only ever stay restricted with one bank, unless of course, the issue is specific to the bank. For instance, if a bank loses its way due to risky investments, then it might not affect the whole sector, but when the issue becomes a structural...
Vendors of Microsoft Products Bags Massive $7.6 Billion Contract from the US Government
30.8.2019
Over the years, tech companies and vendors have become some of the most powerful entities in the world due to the very nature of the services that they can provide. The sort of products that some of the biggest tech companies in the world have come up with are now not only used in households...
Bitqyck – The Texas Firm Has Been Charged by SEC For Distributing Illicit Crypto Tokens
30.8.2019
Yesterday, the United States’ Securities and Exchange Commission (SEC) revealed that it has charged fine against a crypto firm based out of Texas, the U.S. As a result of this, the firm- Bitqyck is now ready to pay 8,375,617 U.S. Dollar as fine. Also, the founders- Bise and Menendez of the firm...
Terrorist Groups Like Hamas Counting on Telegram For Raising Cryptocurrency: Report
30.8.2019
As per the latest report by MEMRI, short for Middle East Media Research Institute which is based in Washington DC, multiple infamous terrorist groups, such as Al-Qaeda, ISIS, Muslim Brotherhood, and the Hamas, are banking on Telegram, as well as other social media channels, for raising digital...
Fintech Company Salaryo Inc Raises $5.5 Million To Start Coworking Membership Service
29.8.2019
Over the past decade, plenty of highly innovative startups have come into existence, which provides services to a wide range of industries and has created enormous value for its customers. One of those is the Fintech startup Salaryo Inc, which provides specific services to startups and freelancers....
Goldman Sachs States That There is More Pain in Store for Indian Economy
29.8.2019
The global economy is currently in the middle of turmoil due to a wide range of factors. Two of the world’s biggest economies, the United States and China, are locked in a bruising trade war, while Europe’s biggest economy, Germany has experienced a downturn. However, among all that it is perhaps...
Altria and Philip Morris Locked in Talks to Create Mega $200 Billion Tobacco Company
28.8.2019
The tobacco industry is replete with instances of large companies merging to form larger corporations, but there are very few instances in which companies that had been formed after a split come together again. 11 years ago, Philip Morris International had split from Altria due to the slowdown...
Cryptocurrency News from the US: CryptoNewsZ’s Weekly Update
28.8.2019
Crypto industry buzzes with new trends, innovations, the launch of exciting projects, challenges to the traditional financial systems and so much more, on almost every day basis. When so much goes on, it is always good to sit back have an all-round view of the crypto-sphere. To give that all-round...
Central Bank Asks Norway’s Sovereign Wealth Fund to Wind Up Investments in North America
27.8.2019
The world of investments is no longer only restricted to funds and the investment divisions of the biggest investment banks. In the past, such investors had a huge influence over the capital markets, but over the past few decades, some of the world’s biggest sovereign wealth funds have become...
Facebook Takes FS Vector On-Board to Resolve Regulatory Pressure on Libra
27.8.2019
Facebook, the social networking giant, has collaborated with a lobbying firm, FS Vector, to render to the backlash poured upon it after the announcement of its planned cryptocurrency project, Libra. The Washington based firm, FS Vector is a notable consultancy or advisory firm that works in...
Cryptocurrency Exchange and Brokerage ShortHop, is now Operating in Seven U.S. States
27.8.2019
ShortHop, Cryptocurrency brokerage and exchange is currently operating in further seven U.S. states enabling its clients to work with order books of many trading platforms by utilizing a single window. ShortHop is presently open in Massachusetts, Indiana, New Jersey, Nevada, Arizona, Rhode Island...