Finance – Page 123

HSBC Completes First Blockchain Letter of Credit Transaction in Yuan

HSBC conducted the first blockchain-based yuan-denominated letter of credit transaction using R3’s Corda-powered Voltron platform

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Why the Birth of Bitcoin Can Be Traced Back to 1971

Why the Birth of Bitcoin Can Be Traced Back to 1971 The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.S. dollar would buy a certain amount of pure gold. Despite its obvious successes in […]

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Crypto Lending Platforms Prepare to Assail the Banking System

The battle lines have been drawn and the troops assembled. On the one side stands the combined might of the banking cartels, centuries of deeply entrenched financial infrastructure supporting them. And on the other side stands a handful of crypto companies armed with little more than a passionate plea: “Ditch the legacy system and come […]

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HSBC Is First Bank to Finance Transaction via Hyperledger on we.trade

HSBC becomes the first bank to finance a transaction on blockchain trade platform we.trade

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Initiative to Curtail Negative Interest Rates Gains Traction in Germany

Ban on Negative Rates Initiative Gains Traction in Germany Negative interest rates, a common occurrence in Europe these days, are unpleasant for both banks and clients. And financial institutions have been increasingly transferring the bulk of the burden on to their customers. Some political factions in Germany, however, aren’t happy with the trend and are pushing for adequate protection for the ordinary small saver, […]

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Africa’s Largest Bank Joins Blockchain-Based Marco Polo Network

Standard Bank is the first African bank to join the blockchain-based trade finance consortium, the Marco Polo Network

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The New Bitcoin Banks Are Here

The New Bitcoin Banks Are Here A new age of banking is imminent. Legacy models will be forced to follow suit or become obsolete in the eyes of value holders worldwide, as new bitcoin and crypto services take over, seeking to implement blockchain systems with an eye on convenience and financial inclusion. Announcements of stablecoins and exchange services from giants Binance, […]

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Major Swedish Bank Orders Negative Interest Rate on Euro Deposits

Major Swedish Bank Surprises With Negative Interest Rate on Euro Deposits Sub-zero interest rates have become the norm in some countries, especially in Europe. Nordic nations such as Sweden and Denmark have been in negative territory for a while and a growing number of banks in the region are now charging depositors for keeping their money. Saving in fiat right now, unlike cryptocurrencies lately, leads to […]

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As US Expands Subprime Mortgage Program, Is a New Crisis Looming?

US Expands Subprime Mortgage Program, Is a New Crisis Looming? The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social groups buying a first home, critics fear a new […]

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Taxes: How to Pick a Recession Proof Career

Many experts predict that the U.S. might face another recession as early as next year and by 2021, others foresee another recession and give it a 24% to 83% of happening. In May 2019, the U.S. saw just 27,000 created – affecting manufacturing and small businesses the most heavily, but some industries, healthcare, education, and financial activities saw job growth instead of reduction. Over the next three years, unemployment rates are expected to rise, and at the same time personal income growth is falling. Nearly half of American workers want more and better job security – but a down economy

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