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Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank, HSBC, and more. The negative interest rate environment and slowing economies have forced … Read more
In its new “Outrageous Predictions” report, Danish Saxo Bank says that Asia will launch its own blockchain-based digital asset in 2020. Go to Source Powered by WPeMatico
There is no public demand for a central bank digital currency in Japan, according to Bank of Japan Governor Haruhiko Kuroda Go to Source Powered by WPeMatico
Major Japanese bank MUFG has denied local media reports that it will launch a digital currency in 2020 Go to Source Powered by WPeMatico
Stop “using crypto,” Intuit tells Andreas Antonopoulos Go to Source Powered by WPeMatico
Banks in Europe have been in a difficult spot lately. A new report reveals that financial institutions across the region faced serious difficulties in the 2018 financial year, and despite all the cost cutting that followed, haven’t managed to compensate the revenue decline in 2019. Historically low interest rates, new regulatory hurdles and competition from … Read more
Japan’s top financial regulator has approved the remaining crypto exchange that was in business prior to the regulation of the crypto industry. Exchanges in this category were allowed to continue operations while their registration applications were being reviewed. The regulator has so far approved a total of 21 crypto exchanges to operate in the country. … Read more
Ethereum’s proposed Muir Glacier hard fork would delay the impending Ice Age mechanism Go to Source Powered by WPeMatico
The ongoing growth of the Bitcoin ATM industry cannot be denied. Over 6,000 of these teller machines can be found around the globe. Bitcoin Depot is the first company to surpass the 400 ATM mark in this industry. The Ongoing Growth of Bitcoin ATMs That also makes them the largest operator of Bitcoin ATMs globally. … Read more
Canadian VC firm secured $320 million to make investments in fintech startups around the world, with a particular focus on Canada Go to Source Powered by WPeMatico