A United States-based lobbying group has raised a voice against developing a central bank digital currency (CBDC) in the United States. The National Association of Federally-Insured Credit Unions (NAF...
Tag: Credit
ECB stress test shows most banks don’t include climate risk in credit models
Environmental protesters take to the streets during a demonstration by Fridays for Future in the financial district of Frankfurt, Germany, in August last year. Bloomberg | Bloomberg | Getty Images The...
The IRS audited ex-FBI director James Comey and former deputy Andrew McCabe. What are the odds?
In recent years, the Internal Revenue Service has been processing around 150 million to over 160 million tax returns annually, doing the work with a shrinking staff and an inflation-adjusted budget th...
U.S. Residents Can Now Buy Ripple (XRP) Using Credit Card And ApplePay
– Advertisement – A leading decentralized exchange has offered U.S. residents the opportunity to directly purchase XRP. Leading decentralized exchange based on the XRP Ledger, onXRP, has a...
Buffett Bought More of Occidental. Here’s What Happened With HP, Citi, Coke.
Text size Warren Buffett has losses as well as wins on his record of stock picking. AFP via Getty Images Billionaire investor Warren Buffett disclosed that he has increased his stake in Occidental Pet...
LYO Credit (LYO) Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, Jul. 4, 2022 – LBank Exchange, a global digital asset trading platform, has listed LYO Credit (LYO) on July 7, 2022. For all users of LBank Exchange, the LYO/USDT trading pair is...
Galaxy Digital Names Credit Suisse Veteran as Global Head of Distribution
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
U.S. credit unions association says CBDCs are not worth the costs
As the United States explores the possibility of rolling out a central bank digital currency (CBDC), a leading trade organisation has opposed the idea. In a letter to the U.S. Commerce Department on ...
DeFi Carbon Credit Protocol KyotoProtocol.io Sells Out $2.3M Fair Launch
Place/Date: – July 6th, 2022 at 5:02 pm UTC · 5 min read Source: KyotoProtocol KyotoProtocol.io, the new and revolutionary decentralised carbon credit DeFi protocol and marketplace, has official...
The DOL has a new IRA rollover rule for advisers to follow
IRA rollovers are common, whether they’re from an old 401(k) or just one account to another, but a newly implemented Department of Labor rule says financial advisers suggesting the move have some expl...
A prominent economist on how much inflation could be eating into your savings
What is inflation doing to your savings? Getty Images/iStockphoto Inflation stubbornly remains at a 40-year high, with the latest numbers showing that the U.S. inflation rate hit 8.6% in May, compared...
California Governor Gavin Newsom Signs New Budget Creating Nation’s First Tax Credit For Union Dues
California State Capitol building getty In the most populous state in the U.S., California, leading politicians often talk about equity, equality, and their efforts to achieve both. Yet a tax break in...
Borrowers are on edge—will Biden cancel student debt or not? Here’s what’s going on.
The “he” is, of course, President Joe Biden. Some 43 million borrowers are hanging onto hope that Biden will take executive action to relieve at least some of their collective $1.7 trillion debt. Rumo...
bitcoinblack Visa Credit Card Officially Launches in UAE
VIP crypto credit card bitcoinblack, which was formerly exclusive to 10,000 members globally, is now available in the United Arab Emirates (UAE). Notably, bitcoinblack is the most exclusive no-limit g...
VISA: a limitless crypto credit card in Dubai and UAE
Bitcoinblack is a new Visa credit card that has been launched in Dubai and the UAE. Bitcoinblack: the new Visa crypto card for Dubai and the UAE The bitcoinblack app Those who decide to order it will ...
Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals
A cryptocurrency lender backed by Peter Thiel and Coinbase Global Inc. suspended withdrawals, trading and deposits on its platform, citing volatile market conditions and financial difficulties facing ...
Coinbase-backed Vauld halts withdrawals as crypto credit crisis intensifies
Vauld, a crypto lender backed by Coinbase and investor Peter Thiel, has halted withdrawals and trading on its platform as the credit crisis in the digital asset market intensifies. The company, which ...
Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.
Text size Bitcoin has failed to consistently breach the key $20,000 mark. Ozan Kose/AFP via Getty Images Bitcoin and other cryptocurrencies were largely unchanged on Monday, with digital assets contin...
Crypto Credit Card For High Net Worth Individuals Has No Spending Limit
Crypto Credit Card: A no-limit global crypto Visa card has been launched in UAE. If you are offensively rich and don’t mind handing over your crypto to back your claims of wealth, then this could be f...
Biden Administration Weighs Move to Trim Mortgage Costs as Home Prices Rise
WASHINGTON—The Biden administration is weighing a move to trim mortgage costs for first-time and lower-income buyers, a bid to boost affordability when average home prices are at an all-time high. Pre...
FTX Agree to New Credit Deal and Acquisition Terms
The FTX and BlockFi deal is nearing a close FTX Price at the time of writing – $0.003867 The new deal increases the size of the revolving line of credit from FTX to $400 million Digital money loaning ...
Crypto Took Wall Street on a Wild Ride. Now It’s Ending in Tears.
Cory Klippsten is a big fan of Bitcoin. But his affinity for cryptocurrencies ends there. Klippsten, head of a company called Swan Bitcoin, sees a growing minefield of scams, fraud, and risky products...
Banks Get Burned by Risky Debt, Imperiling Buyout Activity
By Laura Cooper July 3, 2022 9:03 am ET Listen to article (2 minutes) Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the out...
Celsius Customers Are Losing Hope for Their Locked-Up Crypto
It has been three weeks since crypto lender Celsius Network LLC took the drastic step of halting customers’ withdrawals. Many people are starting to wonder if they will ever see their money again. All...
The 60-40 portfolio is supposed to protect investors from volatility: so why is it having such a bad year?
The first half of 2022 has been a historically bad stretch for markets, and the carnage hasn’t been limited to stocks. As stocks and bonds have sold off in tandem, investors who for years have relied ...
BlockFi strikes credit deal with FTX US, outlines acquisition path
BlockFi, the crypto lending firm, announced on Friday a deal with exchange operator FTX US that would provide the firm with a $400 million revolving credit line and outlines the path to an acquisition...
PayPal stock slips after downgrade: ‘Hard to ignore e-commerce woes’
PayPal Holdings Inc. PYPL shares have a “supportive” valuation after a recent slide, but the company may still face challenges stemming from pressure on the e-commerce industry, according to an analys...