Taiwan’s Financial Supervisory Commission (FSC), a chief financial regulator, issued a note to the banking industry, indicating that they should not grant the virtual assets providers (VASPs) the stat...
Tag: Credit
Taiwan Set to Ban Purchase of Crypto with Credit Cards
Taiwan’s financial regulator has issued new requirements for banks and credit card companies preventing them from allowing credit cards as a means of payment for virtual asset services. Earlier this m...
Taiwan to Ban Crypto Purchases Using Credit Cards
The FSC also added that credit cards cannot be used for stocks, online gambling, futures options, and other transactions in Taiwan. Taiwan is set to issue a ban on all crypto purchases from banks usin...
Taiwan Bans Crypto Purchases Using Credit Cards
Taiwan’s FSC said credit cards should not be used for payments tied to gambling, stocks, futures, options and other transactions Credit card issuers in Taiwan have three months to make adjustments and...
10 of the smartest things Suze Orman has ever said about saving money
Financial author Suze Orman Getty Images For years, the rates paid out on savings accounts were abysmal, but we are finally seeing rates going up. Indeed, the Fed has now raised rates numerous times t...
XRPL Chief Developer Rejects Idea of Ecosystem’s Own Credit Cards in Main Wallet Solution
Despite the rumors spreading about the appearance of its own card solution in the main wallet of the XRPL ecosystem, Xumm Wallet, the development team of the project is not interested in such an innov...
Singapore-Based Vauld Seeks Protection From Credit Liabilities Worth $400 Million
A report by the Wall Street Journal has confirmed that cryptocurrency lender Vauld has filed an application seeking protection from creditors after pausing withdrawals earlier this month. Be[In]Crypto...
BlockFi Discloses $600M “Credit Risk” Amid Turmoil
Cryptocurrency lending startup BlockFi has provided further insights regarding its financial position. According to a quarterly update published on Thursday, the platform faced a $600 million credit r...
How to avoid the ‘siren song’ of a credit card sign-up bonus
Virojt Changyencham | Moment | Getty Images Nearly half of consumers holding a credit card with travel perks opened the card to chase the rewards — and a big share of them blew their budgets in the pu...
Judge Allows Voyager to Pay Off Credit Card Debt
Key Takeaways Crypto exchange company Voyager Digital was accorded permission to pay off $76,000 across 24 credit cards to Brex. The bankruptcy judge, who gave his approval reluctantly, said the compa...
The Credit Crunch Is Not the End of Crypto Lending
But were they? If their victory condition is “no credit is ever extended based on a crypto asset ever again,” they guarantee a loss. Yes, the lending industry has taken a hit, but it certainly won’t c...
New York judge reluctantly allows Voyager to settle credit card bills
A New York judge has reluctantly allowed bankrupt crypto lender Voyager Digital Holdings to settle a $76,000 balance on its company credit cards but questioned why the company didn’t seek alternative ...
Adjustable-rate mortgage vs. fixed-rate mortgage: Which one is better for you?
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. A...
Is my financial advisor just putting up with me because my mother is rich?
The advisor has invested my money in funds I don’t understand, but I don’t feel like I have the power to question her. Getty Images/iStockphoto Question: I have roughly $500,000 in assets, including m...
One-time ‘Lunatic’ crypto booster Mike Novogratz says he was ‘darn wrong’ about the ‘full-fledged credit crisis’
Michael Novogratz, the billionaire CEO of Galaxy Digital, was a consistent booster of cryptocurrency during the bull market—and though he remains very supportive of the space, the self-proclaimed “For...
Blackstone Earnings Are Coming. What to Expect.
Text size Blackstone is expected to produce Q2 results of $1.43 a share in distributable earnings. Angus Mordant/Bloomberg Blackstone will kick off earnings season for alternative asset managers when ...
We have $1.5 million we don’t intend to ever use in retirement – how do we invest it if we plan on giving it to our kids one day?
I’m 59 years old, and my wife is older (retired early). I will be retiring next year after 40 years of Naval service and government contracting. After the recent market crash in 2022, we still have a...
‘I feel like I’m investing just to afford taxes and broker fees.’ I’m 72, have a cushy amount of money invested and was withdrawing 4% a year, but once I pay fees and California taxes that won’t be enough. Should I ditch my financial adviser?
How to figure out if your adviser is worth what they’re charging you. Getty Images/iStockphoto Question: I have a comfortable balance in my investment account but have a question about only taking out...
Dow books biggest drop in more than two weeks after report about Apple’s plans to slow hiring, spending
U.S. stocks gave up early gains to finish lower on Monday, after Bloomberg reported that Apple Inc. plans to slow hiring and spending growth in some divisions next year in anticipation of a potential ...
When will inflation peak? Consumers and economists see light at the end of the tunnel (but it’s a long tunnel)
Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic expectations. Inflation hit 9.1% on the year in J...
Stock Investors, After Brutal Stretch, Have Rarely Been This Pessimistic
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple ...
JP Morgan, Other Banks Are Strong Financially. Why Earnings Don’t Reflect It.
Text size Wells Fargo added $8.4 billion to reserves in the second quarter of 2020, released $1.6 billion a year later, and added $580 million in the most recent quarter. Michael M. Santiago/Getty Ima...
Fed’s Bullard Raises Target for Year-End Funds Rate
Federal Reserve Bank of St. Louis President James Bullard said Friday that unexpectedly high inflation calls for a more aggressive path of short-term interest rate rises this year. Inflation “has come...
Decentralized Credit Counter Cred Protocol Releases Automated Scoring Results
In a recent report, Cred Protocol just disclosed its first credit scores for decentralized finance users. The protocol is a decentralized credit scoring startup based on the Aave Protocol. Cred Protoc...
I’ll be 65 soon, have $320,000 in retirement savings and a paid-off home but I’m $46,000 in debt – should I take more money out of my investments?
I’ll be 65 in a couple months. I retired at 63 and am currently receiving survivor Social Security payments (from my late husband). I plan on switching over to my Social Security at 70. I receive abou...
Dow jumps 650 points as stocks close sharply higher after stronger-than expected retail sales report, surge in Wall Street bank shares
U.S. stock indexes closed sharply higher Friday, with the S&P 500 and Dow Jones Industrial Average each snapping a five-day losing streak, after stronger-than-expected retail sales data and a mode...
A ‘who’s who of American business’ — big Wall Street names are marking the end phase of the bear market, says adviser
The good news about this bear market in stocks is that we’re more than halfway through it. The bad news is that we’re getting close to the final stage, when “everything must fall.” That’s according to...