For international travelers still able to cross borders amid an ongoing pandemic, using cryptocurrency to prove they have the means to sustain themselves abroad is a relatively new concept. Many count...
Tag: Financial
Top South Korean Financial Group Starts Crypto Division
Key Takeaways KB Asset Management group announced the launch of its Digital Asset Management Preparation Committee today. The group will research many different crypto-related products and plans to of...
Canada May Adopt Current Financial Monitoring Rules Forever
With the recent changes in financial surveillance laws, Canada could make its crypto taxation system permanent. This would affect many cryptocurrency platforms and session owners who are seeking more ...
Is Canada planning to make the financial surveillance act permanent?
The financial surveillance resulting from the Emergencies Act may become a permanent fixture of Canadian society. Reports emanating from the country state that the government is considering making th...
Credit Suisse Leak Exposes Financial Foul Players – crypto.news
A massive Credit Suisse leak has exposed dirty players, including corrupt politicians who own over 80B Euros in the Swiss bank. A whistleblower leaked the bank’s data to expose immoral banking practic...
Peter Thiel-Backed Philippine Fintech Startup Raises $31 Million, Aims To Be A One-Stop Shop For Southeast Asia’s Financial Needs
(From left) PayMongo’s CTO Jaime Hing III, CEO Francis Plaza and CCO Luis Sia. COURTESY OF PayMongo Manila-based fintech startup PayMongo—backed by the likes of PayPal cofounder Peter Thiel, pay...
Great Traders Are Born in Bear Markets: Here Are 5 Keys to Follow
There is an old market saying that everyone is a genius in a bull market. When the market is in a strong uptrend, then throwing money at random stocks can be a very effective strategy. It doesn’...
IRA Financial Trust Hacked, Millions in Crypto Funds Stolen
It’s a real problem getting your crypto account hacked, but if it contains the funds you’re going to use to retire, well… Then the situation becomes even bigger, and for several customers of IRA Finan...
In Ireland, An Elderly Woman Poses As A Financial Advisor Scam in the Crypto World
The woman allegedly conned an investor of roughly $1.1 million by acting as an unlicensed investment broker. In this case, she offered to invest the victim’s money while claiming to be a middleman. Th...
DraftKings Sells Off After Earnings: Here’s How to Trade It
The Super Bowl was what everyone had hoped for. A close game involving at least one major market based team, and a halftime show that held the attention of more peripheral fans. All told, roughly 112M...
Global Watchdog Group Issues Warning on Crypto Assets, Says They Pose Risk to World Financial Stability
An international monetary watchdog group says that crypto markets could disrupt the world’s economy if left unchecked. In a new report, the Financial Stability Board (FSB) says that the staggering rat...
Crypto is being made a scapegoat for the faults of the financial system
In a recent report from the Financial Stability Board, the crypto market is posited as potentially being able to bring down the financial system. Could this be true, or is crypto being set up as the v...
Binance Halts Operations in Israel Following Financial Regulator’s Request
Binance has stopped its marketing activities and suspended operations in Israel after the country’s financial regulator asked it to do so. The issue has to do with licensing, and the platform will not...
Uncontrolled Investments in Crypto Could Affect the Global Financial Stability, FSB Warns
According to The Financial Stability Board, the growing appetite of large institutions and VC firms for cryptocurrency exposure could prove counterproductive not only for said financial giants but for...
Low Millennial financial well-being drives crypto adoption: report
Data shows that Millennials in the United States are flocking to alternative financing methods such as crypto assets to boost their financial well-being. A report titled The State of Consumer Banking ...
Defi is a “Bona Fide Financial Revolution” Says Niall Ferguson – Trustnodes
Niall Ferguson, one of the most prominent living historian of finance, has called decentralized finance (defi) a genuine revolution. “DeFi looks like a bona fide financial revolution, taking advantage...
Goldman CEO David Solomon raises financial targets, takes victory lap after crushing 2020 goals
David Solomon of Goldman Sachs Andrew Harrer | Bloomberg | Getty Images Goldman Sachs CEO David Solomon took a moment to bask in his firm’s recent performance before raising the company’s ...
Crypto Could Derail Financial Stability, Global Financial Watchdog Says
“Nevertheless, institutional involvement in crypto-asset markets, both as investors and service providers, has grown over the last year, albeit from a low base,” the report said. “If the current traje...
Could crypto affect the financial stability of markets?
A recent report published by the Financial Stability Board stated that cryptocurrencies could threaten global financial stability. DeFi and stablecoins are highlighted as particular vulnerabilities. T...
El Salvador’s Bitcoin Adoption May Pose Risks to US Financial System: Senators
U.S. senators today introduced legislation requiring the State Department to write a report on El Salvador’s Bitcoin Law and develop a plan to “mitigate potential risks to the U.S. financi...
Crypto Could Have ‘Destabilizing Effect’ on Financial Sector: FSB
In brief Klass Knot, the Dutch central bank governor and FSB chair, thinks that crypto assets create risks for the global financial system. The Financial Stability Board is an organization that recomm...
Financial Technology Firm Storfund Recruits David Rolls to Enhance Expansion
To accelerate its international growth, the United Kingdom-based financial technology (fintech) firm, Storfund, recently announced that the company has appointed David Rolls, a former Head of Lending ...
Crypto Is a “Threat to Global Financial Stability,” Top Regulator Warns
Key Takeaways The Financial Stability Board has issued a report warning that crypto poses a risk to global financial stability. It warned of the risks of using unbacked assets and stablecoins. In 2018...
We are in the end days of the financial system – Crypto is your ticket out
As the fiat monetary system goes through its dying days, governments and central banks are making their last efforts to keep control and prevent citizens from taking their wealth elsewhere in an attem...
Cryptocurrencies – The Modern Technology to Financial Freedom
The recent spike in cryptocurrency popularity among millennials has made it increasingly evident that crypto technology will be around for a long time. Users of cryptocurrencies such as bitcoin regard...
Tesla’s Latest Financial Statement Shows Bitcoin Worth $1.26 Billion – Coinotizia
Elon Musk’s electric car company, Tesla, did not sell any bitcoin in the fourth quarter, according to the company’s latest financial statement. Tesla is holding bitcoin worth $1.26 billion. The compan...
IRA Financial Trust hack: $ 36 million in crypto stolen
The IRA Financial Trust has admitted a hack suffered by some of its clients that would have led to a total theft of $36 million in cryptocurrencies. Gemini blameless That’s reported by Bloomberg, whi...
If You’re an Intel Investor, Here’s What I’d Do
On the surface it appears that Intel (INTC) is at least moving in the right direction. That said, the load is heavy, and the path is strewn with debris. Let’s discuss. In late January, Intel, a ...
IRA Financial Breach: Hackers Snatch $36 Million From US-Based Fintech Startup
Many individuals have joined IRA Financial Trust with the dream of establishing a secure future in cryptocurrency. But it did not turn out the way they expected. A number of users reportedly lost thei...
Gemini Client IRA Financial Hacked for $36M in Bitcoin and Ethereum: Report
Hackers stole $21 million in Bitcoin and $15 million in Ethereum from retirement accounts held with IRA Financial Trust on February 8, according to a report from Bloomberg based on an anonymous source...
The Future of Financial Services in the Context of the New Digital Reality
11 FnTech & 10 InsurTech Digital Congress will be held between 23rd and 24th March, in The Westin Warsaw Hotel and online. The Spring Edition gathers key representatives of the industry, who will ...