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Visa and Mastercard have run up the mother of all credit card bills. The monopolistic payment providers had been embroiled in a long-running lawsuit instigated by merchants protesting their excessive fees. The credit card giants have now conceded defeat and agreed to settle the price-fixing case for a whopping $6.2 billion. Also read: Raising the Dead: […]
The post Credit Card Cartels Landed With $6.2 Billion Bill appeared first on Bitcoin News.
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Recently, a conversation between friends about cryptocurrency, its viability, and its reality in today’s world was held. One side was in favor of crypto and the future it holds, while the other side believed “Bitcoin” (because all cryptocurrency is Bitcoin to those who know little or nothing about cryptocurrency) is a scam, fake, and not […]
The post Is Bitcoin Really Money? A Look Into What Qualifies As Money appeared first on NullTX.
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Hedge funds are going through a rather rough stage right now. Not just the cryptocurrency service providers, but more traditional offerings are feeling the pressure as well. The following hedge funds – ranked by loss amount – have seen their total valuation plummet significantly over the past few years. #6 Fir Tree The past few […]
The post Top 6 Traditional Hedge Funds Noting a Steep Decline in Managed Assets appeared first on NullTX.
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Morgan Stanley has become the latest Wall Street firm to venture into Bitcoin trading, with reports emerging that the investment bank intends to offer its clients derivatives tied to the crypto. Citing a source with knowledge on the matter, Bloomberg reported today, September 13 that the bank has already set up the infrastructure required for […]
The post Morgan Stanley Ventures Into Bitcoin Trading, Following Other Wall Street Giants appeared first on NullTX.
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A Canadian regulated bitcoin trust has achieved the mutual fund trust status, allowing eligible investors to invest in the trust through government-sponsored tax-efficient investment plans. The investment is approved by the Ontario Securities Commission and the British Columbia Securities Commission. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Mutual Fund Trust Status […]
The post Canadian Regulated Bitcoin Trust Achieves Mutual Fund Trust Status appeared first on Bitcoin News.
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Bank executives rarely get punished for their misdeeds, leading to many people distrusting the entire banking system as plagued with widespread corruption. But once in a while someone has to bite the bullet. Recently, public anger has forced a CFO of a major bank to quit after a huge money laundering affair came to light. […]
The post Public Anger Forces Bank CFO to Quit Over Huge Money Laundering Affair appeared first on Bitcoin News.
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There’s a tendency, societally, to place self-appointed experts on a pedestal. If a professional’s job title is impressive enough, and their resumé suitably polished, they are liable to be lauded, with their every sound bite liable to be quoted and turned into an opinion piece. In the world of cryptocurrency, this phenomenon can be observed […]
The post Crypto Hedge Fund Managers Aren’t as Smart as You Think appeared first on Bitcoin News.
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Tim Draper, the famous venture capital investor from California, says he wants to inspire superheroes to walk with him on the road to changing the world as we know it. He believes that buying a cryptocurrency is the same as jumping into a kickstarter for societal transformation, one he will do his best to see […]
The post Buying Cryptocurrency Is Equivalent to Jumping Into a Kickstarter for Societal Transformation appeared first on NullTX.
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MoneyToken crypto-backed loans platform has announced making zero-interest loans available for everyone.
From 12th September September forward, anyone will be able to join the MoneyToken platform and get a loan under a 0% interest rate.
To get a zero interest rate crypto-backed loan on the MoneyToken platform, users are required to purchase a special membership that allows for zero-interest conditions. It can be purchased with IMT tokens, which users can easily find on various partner platforms like CoinSuper, BitForex, IDEX, etc.
The post PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday appeared first on Bitcoin News.
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South Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been over seven months since the Korean government introduced the crypto real-name system, but only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-name ones, according to local […]
The post Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification appeared first on Bitcoin News.
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