DIGIT

Largest US Banks Expect Billions in Loan Losses, Profits Plunge

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Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley also saw their profits plunge. Flood … Read more

VeChain Technology can be Useful During the Coronavirus Crisis

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During the coronavirus crisis, cryptocurrency and blockchain startups can play a crucial role. VeChain is using its native technology to verify COVID-19 masks are legitimate first and foremost. There are a lot of concerns regarding materials and equipment needed during the coronavirus crisis. The Role of VeChain During the Coronavirus Crisis Particularly where face masks … Read more

South Africa Proposes 30 Rules to Regulate Cryptocurrency

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South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers. They aim to be in compliance with the cryptocurrency standards set by the Financial Action Task Force (FATF). Top Regulators Publish Crypto Regulatory Policy A number … Read more