Tag Archives: World Finance

Market Bloodbath – Recession Impending or Regularly Scheduled Programming?

Everything, almost literally everything, is down this year just in time for Christmas. The DOW, NASDAQ, S&P 500, and the majority of the crypto markets are all bleeding out day after day, with Bitcoin seeming to be walking down the stairs back to $3,000 and some analysts predicting sub-$2000 levels in the near future. In The post Market… Read More »

IMF Chief Lagarde: Central Banks Should ‘Consider’ Issuing Digital Currency

Advertisement Twitter Facebook LinkedIn The Managing Director and Chairperson of the International Monetary Fund (IMF), Christine Lagarde, has called on central banks around the world to consider issuing digital currencies. According to Lagarde, the state has a role to play in injecting money to the digital economy and it was, therefore, necessary to ‘consider the possibility to issue… Read More »

MasterCard Indian Government of Protectionism in Favor of Native RuPay

Advertisement Twitter Facebook LinkedIn Reuters reports that Mastercard has formally complained to the US government that the Indian government is deliberately promoting domestic payment networks over international ones like Mastercard and that the Prime Minister, Narendra Modi, has actively used nationalism in promotion of payment processing network RuPay. According to the report, Mastercard and Visa are not the… Read More »

Bitcoin is Not a Legal Tender in Zambia, Says Central Bank

Advertisement Zambia’s central bank has said that cryptocurrencies like bitcoin aren’t legal tender in the country. The Bank of Zambia (BoZ), responsible for creating and implementing monetary policies for the world’s 105th largest economy, explained their stance against the use of cryptocurrencies in contrast to the growing public interests in the field. The central bank admitted that it… Read More »

Ex-Goldman Sachs President Gary Cohn Joins Blockchain Startup

Advertisement The blockchain space became a little stronger today as former Goldman Sachs president Gary Cohn announced that he had joined the advisory board of distributed ledger technology (DLT) startup Spring Labs. Former Trump Advisor Joins Blockchain Startup In addition to his former position at Goldman Sachs, Cohn also worked in the White House as President Trump‘s top economic… Read More »

Crypto Billionaires Among China’s Wealthiest, Despite Bear Market

Advertisement There is no question that the entire cryptocurrency sector is in a bear market, with many cryptocurrencies losing over 50% of their value.  However, this certainly hasn’t prevented individuals from becoming very wealthy through cryptocurrency-related ventures.  Specifically, despite the decrease in market capitalizations of various cryptocurrencies, several Chinese businessmen have landed onto a list of China’s wealthiest… Read More »

Cryptocurrency Market Loses $16 Billion as Dow Jones, Nasdaq Plummet

Advertisement All top ten cryptocurrencies and stocks from Dow Jones, S&P 500 and Nasdaq, are in the red on Thursday. A Deadly Crypto Dive The price of significant cryptocurrencies dived with nearly $16 billion of value being swept out in a matter of three hours. Source: CoinGecko At the time of this writing, Bitcoin had dropped 4 percent… Read More »

‘Rehypothecation’: More about the Wall Street Practice that Could Ruin Bitcoin

Advertisement Note: This is part 4 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin Long and parts 3 and 4 ask the question, “How did we get to a place that where laws look like this?” The Problem with Clearing Beyond costs… Read More »

‘Rehypothecation’: Inside the Wall Street Practice that Could Ruin Bitcoin

Advertisement Note: This is part 3 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin Long and parts 3 and 4 ask the question, “How did we get to a place that where laws look like this?” In order to understand why Wall… Read More »