Finance and Business News

Robinhood commission free trading app is making its debut in the UK (the land of its namesake), according to an official blog post from the company posted on November 19th. The move comes after the company achieved a $7.6 billion valuation with the completion of a $323 million fundraising round in July. Robinhood’s entry into […]

Westpac, Australian second-largest bank, violated money laundering laws 23 million times and could be fined AUD21 million (US$15.7 million) per breach. Westpac Banking Corp, the second-largest bank in Australia, currently faces multiple accusations. One of them is pertaining to the biggest breach of terrorism financing and money laundering laws in history. According to reports, the […]

A provision for de minimis exception in crypto tax could lead coin holders to manipulate the system while burdening IRS further. The US Internal Revenue Service recently published guidance regarding the tax treatment of digital currencies. The document was long-awaited due to the fact that it contains instructions on how to calculate taxes on crypto […]

China, Beijing is gradually reducing its stocks of US Treasury bonds, in which it actively invested. China has reduced its assets by $88 billion over the past 14 months. Instead, Beijing continues to expand its purchases of gold. It seems China Stocks finally decided to cut some ties to the world’s largest reserve currency – […]

The world’s total liabilities continue to grow rapidly as a new report reveals global debt is now over a record $250 trillion. For many investors and market watchers, this raises the spectre of another potential major economic crisis triggered by a collapse of the global financial system. Despite this, the central bankers who are causing […]

Morgan Stanley: Global growth should recover from 1Q20, reversing the downtrend of the past seven quarters as trade tensions and monetary policy are easing simultaneously for the first time since the downtrend began. While revealing its global perception, the analyst for American multinational investment bank has expressed the positive forecast that global growth will improve […]

One of the world’s leading crypto exchange has enabled BTC/USDT futures trading for its customers. OKEx had announced the launch of Futures trading earlier this month, and now the trading is live on the OKEx futures market. OKEx announced today that the BTC/USDT futures trading is now live on the OKEx futures market with a […]

Coinbase Visa debit card has expanded support for five more cryptocurrencies in ten new jurisdictions, the firm announced in two separate tweets on Nov. 14. Launched in April 2019, Coinbase Card now supports a total of nine cryptocurrencies in 29 countries in Europe. The Coinbase new supported cryptos include XRP, Stellar (XLM), Basic Attention Token […]

Swiss Stock Exchange SIX has listed a new cryptocurrency-based exchange-traded product (ETP), the Amun Tezos ETP, which rewards investors with generated income. The Tezos ETP is trading under the AXTZ ticker on the SIX Swiss Stock Exchange, and rewards investors thanks to Tezos’ proof-of-stake nature, which gives holders rewards for staking – “baking” in the […]

Bitcoin vs DeFi – Decentralized finance, or DeFi, has come a long way this year. Bitcoin has also made a remarkable recovery from the depths of crypto winter this time a year ago. But which one would be better for long-term gains? BITCOIN vs DEFI For the uninitiated DeFi is the system of staking crypto […]

Crypto Adoption – Canada’s largest bank, The Royal Bank of Canada having over $965 billion in total assets could soon launch a crypto trading platform. Will RBC Soon offer Crypto Accounts? As per reports, by leading media, The Logic, RBC has applied for four patents in Canada and the US – a hint enough to […]

For many years, crypto enthusiasts and financial experts alike have been advocating that Bitcoin and other cryptocurrencies will only reach mainstream appeal when people are able to use them in daily life using Crypto payment solutions. Now, with more and more online and brick-and-mortar-stores accepting Bitcoin and Crypto payment solutions, it seems that this scenario […]

The increasing competition among, P2P Lending platforms, stablecoins, derivatives, and cross-chain CDPs indicates a new era in fintech innovation. Decentralized finance’s (DeFi) meteoric rise has been accompanied by a slew of advances in financial technology, sparking a wave of P2P lending protocols and liquidity pools. The increasing competition of borrowing/lending, stablecoins, derivatives, and even cross-chain […]

In this week’s selected Turkey Crypto News – and blockchain-related news from Turkey Crypto News, President Recep Tayyip Erdogan directed the government to finish testing a national central bank digital currency (CBDC) next year and a fraud saw up to 40 people losing 600 Bitcoins (BTC) — equivalent to roughly $5.2 million. Turkey Crypto News […]

The past week has marked a number of crypto – and blockchain-related developments in the German Crypto News world. Malta Enterprise partnered with Deutsche Telekom‘s IT service subsidiary to offer its blockchain-as-a-service (BaaS) marketplace, French IT company Atos and Austrian startup Smart Digital proposed industrial plant inspections using blockchain, and the German Federal Financial Supervisory […]

In this week’s selected Japan Crypto News November 2-9 – and blockchain-related news from Japan Crypto News, the Japanese financial regulator solidifies its policy of banning trusts that invest in crypto, more than 20 companies launch a consortium that aims to raise funds with security tokens, and Coincheck starts its automated cryptocurrency accumulation service, while […]

Whereas climate scientists want more people to eat greener, that vision might not be viable because of Financial Inequality. The cheapest way of living on a green diet is still too expensive for 20% of the world’s population. It is well-known how most humans are actively contributing to the climate change problems through their eating […]

Bitcoin and blockchain technology is quickly spreading across all industries with special interest by financial firms in emerging technology. A recent report shows close to half of all professionals in the financial professionals and industry believe Bitcoin (BTC) will outperform the S&P 500 in the next year. Furthermore, traditional finance professionals say illicit activities and […]