Finance and Business News

Huobi Russia, a Moscow-based franchise of the Singapore-based crypto exchange, has launched Russian ruble deposits and will soon have its own exchange token launchpad. Starting Thursday, users of Huobi Russia have an option to deposit Russian rubles on their balances via bank transfers, the exchange announced Thursday at an event in Moscow. The deposits will […]

Cryptocurrencies might finally go hand in hand with traditional money services. Starting from 2020, it might be legal for German banks to sell cryptocurrencies like Bitcoin and provide custody solutions, local media reports. Germany and German Banks Welcomes Cryptos with Open Arms Currently, financial institutions operating in Germany are not allowed to directly sell cryptocurrencies […]

Many crypto enthusiasts hope to see financial institutions embrace this new form of money sooner or later. It now appears Fidelity Investments has done so, at least where its employees are concerned. It is rather uncommon for a financial service provider to openly embrace the concept of cryptocurrencies. A Bold Venture by Fidelity Investments In […]

Robinhood Crypto Exchange has had an about-turn on its plans to become a bank. Commission-free stock and cryptocurrency trading pioneer withdrew its application with the Office of the Comptroller of the Currency yesterday. Robinhood Crypto Exchange Pulls Bank Charter Application Valued at a staggering $7.6 billion, Robinhood ushered in a new era shaking up the […]

Bram Cohen, the BitTorrent creator, recently spoke out against Ethereum in a 28-post tweetstorm outlining his concerns about the project’s viability. The crypto community is no stranger to drama, and a new one is seemingly unfolding right now. Recently, Ethereum’s co-founder, Vitalik Buterin, shared a text under the title of ‘Hard Problems in Cryptocurrency: Five […]

Discount brokerage TD Ameritrade is all set to be acquired by Charles Schwab in an all-stock deal worth $26 billion, according to an agreement Ameritrade stockholders will get 1.0837 worth of Schwab stock for each of their shares. It reflects a 17% premium over the Ameritrade stock’s 30-day average before the announcement. Reports suggest that […]

A recent rally of technology companies’ shares led to an overall increase in US stock prices, which are hitting new records. Could this bullish activity be the cause of today’s Crypto Markets Surging? US and China willing to continue with the talks The US/China trade war still rages on, but recent events have had some […]

The European Commission and European Investment Fund (EIF) has launched a new investment scheme for artificial intelligence (AI) and blockchain in Europe, the organization announced in a Nov. 20 blog post. The announcement reads: “With the European Commission, we are launching a dedicated investment scheme that will make EUR 100m available to venture capital funds […]

New York-based Wall Street brokerage firm Fidelity Investments has been granted a license to trade in cryptocurrencies. Fidelity Investments works in the crypto business through its subsidiary, Fidelity Digital Assets Services (FDAS). Through an official proposal, FDAS had applied for the Trust License to the New York Department of Financial Services in mid-July 2019. The […]

Bitcoin’s chance to become the ultimate fiat replacement widely depends on its liquidity, which while available, is currently unsuitable for micro-transactions due to constraints including time and transaction fees. Nelson Minier, Head of Kraken OTC desk, recently featured on the latest edition of What Bitcoin Did a podcast to share his insight on the present […]

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 […]