Multicoin Says ‘Super Apps’ Plan Behind $1.5M DeFi investment
Multicoin has invested in dForce, which is launching a DeFi “super-network” to cater to the Asian market Go to Source Powered by WPeMatico
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World Bank Digs Deeper Into DLT and FinTech for Financial Inclusion
The World Bank Group outlines new tech like DLT and stablecoins as crucial for financial inclusion Go to Source Powered by WPeMatico
US Gov’t Opens Door for Fintechs to Become Lenders in COVID-19 Relief Plan
Fintech lenders can finally join the ranks of traditional banks in relief efforts for small businesses hit by COVID-19 Go to Source Powered by WPeMatico
80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany
Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even small deposits. Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed … Read more
FDIC Urging Against Bank Runs: Is There a Crypto Connection?
Does the FDIC’s recent video urging against bank runs relate to crypto? Wilshire Phoenix’s CEO and a former CBOE trader weigh in. Go to Source Powered by WPeMatico
Pomp and Kiyosaki Question the Fed’s Actual Role
Anthony Pompliano gave his take on Kiyosaki’s Fed claims, agreeing that the entity may not be what it seems. Go to Source Powered by WPeMatico
Russian Darknet Criminals Sell $13M of Fake Cash for Crypto
A crime group in Russia printed and sold $13 million-nominated fake notes in return for cryptocurrencies Go to Source Powered by WPeMatico
2 American Banks Have Failed Since Coronavirus Started Spreading in the US
Since the coronavirus started spreading in the U.S., two banks have failed and were shut down by state banking authorities. One was a bank in West Virginia and the other was in the state of Nebraska. The governor of West Virginia has already issued a stay-at-home order due to rising covid-19 cases. Also read: IMF … Read more
Coronavirus Encourages CBDC Developments: Deutsche Bank Strategist
Deutsche Bank macro strategist Marion Laboure believes that the risk of cash spreading the coronavirus will probably result in a push for digital currencies Go to Source Powered by WPeMatico
UnionBank Head Foresees the End of Physical Cash
UnionBank head believes COVID19 will push banks towards experimentation with digital currencies Go to Source Powered by WPeMatico