HSBC to Drop 35,000 Jobs and Invest in Digital Finance
Banking giant HSBC plans to terminate about 35,000 of global jobs while doubling down on disruptive technology Go to Source Powered by WPeMatico
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Governments Begin to Roll Out FATF’s Travel Rule Around the Globe
FATF’s deadline for crypto AML adoption is looming, and several counties have implemented the rules. But how are crypto firms coping under the new regime? Go to Source Powered by WPeMatico
DTCC Seeks Blockchain-Focused Security Framework for Financial Sector
Market infrastructure giant DTCC recommends the creation of a comprehensive, blockchain-specific Security Framework for the financial services industry Go to Source Powered by WPeMatico
CME’s Chief Economist Echoes Pomp’s Views on BTC as Hedge
CME economist sees value in Bitcoin as a non-correlated asset for portfolios — something Anthony Pompliano has expressed for years Go to Source Powered by WPeMatico
How Apple Makes Its Money
Tech companies today are huge and are still getting bigger. One of the most famous is Apple and it has been around for decades selling scores of products and is worth, as of 2018, over $1 trillion making it the first company in history to make that mark. Apple is worth more than the GDP … Read more
BCH Merchant Directories Now List 4,300 Bitcoin Cash-Accepting Businesses
Businesses around the world continue to adopt bitcoin cash (BCH) and in 2020 merchant acceptance continues to grow. Tallying up all the companies that accept BCH listed on sites like Green Pages, Map.Bitcoin.com, Acceptbitcoin.cash, and Anypay shows there’s more than 4,300 BCH supporting merchants worldwide. Also Read: Ethereum vs Tron: Comparing Data, Defi and Stablecoins … Read more
Visa Wants to Adjust Interchange Fees for US Merchants
Transforming the financial industry can best be done from within. Visa has recently unveiled its very ambitious plans, which aim to benefit small businesses first and foremost. The current financial system has incredibly high fees associated with it. Visa has Ambitious Plans in the US Especially for small businesses accepting debit and credit card payments, … Read more
Defi Market Surpasses $1 Billion – But There’s a Catch
The total value locked (TVL) in decentralized finance applications has surpassed $1 billion, prompting celebrations from the Ethereum community. Not everyone has been swift to toast the milestone, however, with suggestions that the true value locked into defi protocols is materially lower. Meanwhile, creeping competition from centralized lenders shows that defi will have to innovate … Read more
Bitcoin Trust GBTC Shares Spike Despite 30% Premium
Bitcoin and cryptocurrency prices have seen significant gains as the entire cryptoconomy is up more than 40% since mid-December. Grayscale’s Bitcoin Trust (GBTC) has also seen an uptick and shares have climbed 9% this week. The news follows the asset manager’s recent registration as a reporting company with the Securities and Exchange Commission (SEC) and … Read more
UK Financial Watchdog Seeks Cryptocurrency Expert to Address EU Regulations
The United Kingdom’s financial regulator, the FCA, is looking to hire a cryptocurrency specialist Go to Source Powered by WPeMatico