Report: Market Valuation of 14 Banking Giants Shed $635 Billion This Year

Report: Market Valuation of 14 Banking Giants Shed $635 Billion This YearThe world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50% during the time period. A newly published report written by […]

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Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by December

Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by DecemberThis past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017. On September 14, researchers from the data […]

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Crypto Borrowing: Here Are Seven of the Best Interest Rates on the Market

Crypto Borrowing: Here Are Seven of the Best Interest Rates on the MarketCryptocurrency is sizing up traditional finance on its legacy turf of lending and borrowing with competitive interest rates (currently as low as 0.44% for ethereum and 4.50% per year for bitcoin) as well as less cumbersome verification procedures. Crypto holders present their virtual assets as collateral to get loans paid out in fiat or stablecoin. […]

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UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin Cash

UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin CashLondon-based challenger bank Ziglu said Monday that it has been licensed as an Electronic Money Institution (EMI) by the U.K.’s Financial Conduct Authority. After receiving the permit, the fintech start-up immediately launched peer-to-peer (P2P) payments for both crypto and fiat currencies. Ziglu founder and chief executive officer Mark Hipperson said the EMI license allows the […]

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Unlimited QE and an Index Portfolio: How Fed Chair Jay Powell Can Pump His Bags

Unlimited QE and an Index Portfolio: How Fed Chair Jay Powell Can Pump His BagsIn mid-August the U.S. stock market defied odds and mainstream media claimed after the Standard & Poor’s 500-stock index touched new heights on August 18, it ‘officially’ ended the “shortest bear market in history.” Interestingly while roughly 30 to 40 million Americans face the risk of eviction, the 16th Chair of the Federal Reserve, Jerome […]

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