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Record $2 Trillion Deposited in the US Banks During Covid-19 Pandemic
Cash remains the king! According to FDIC data, a record $2 trillion in cash was added in the deposit accounts of US banks since the coronavirus first struck in the country in January. In April alone, the money flowing into banks grew by $865 billion, more than the record for an entire year. “Any way […] дальше »
2020-6-22 16:47 | |
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Not Just Millennials, Boomers are Buying Bitcoin at a Record Pace
Millennials are the ones that have been fueling bitcoin growth all these years, who are burned by the banks. As we reported, 51% of millennials trust bitcoin over big banks. This generation is the one that has lived through multiple recessions and they are the ones who are anticipated to inherit more than $68 trillion […] дальше »
2020-6-18 18:05 | |
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Central Banks Worldwide Are Purchasing Assets in Record Amounts
Due to the current economic crisis, central banks around the world are buying up assets in record amounts — many times greater than what was seen during the 2008 Great Recession. The Federal Reserve’s balance sheet is changing by the day as it buys up assets. дальше »
2020-4-23 20:10 | |
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Bank Branch in New York Suffers Cash Shortage Amid Coronavirus Panic
The viability of fiat currency is being stretched to its limit as banks run out of cash in New York amid the novel coronavirus pandemic. Fear continues to spike and reports are now confirming that New Yorkers are taking out cash in record numbers, particularly the wealthy. дальше »
2020-3-16 06:15 | |
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Digital Remittances Reach Record of $96 Billion YoY, High Fees Open Door for Cryptocurrencies
In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. дальше »
2020-2-14 04:45 | |
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3 Signs that a Modern-Day Gold Rush has Arrived
The modern-day gold rush is here as central banks and the ultra-rich are buying the yellow metal at a record pace, pushing gold prices higher. The post 3 Signs that a Modern-Day Gold Rush has Arrived appeared first on CCN.com дальше »
2020-1-6 18:00 | |
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Central Bank Gold Hoarding Hits 50-Year High
While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. дальше »
2019-12-30 07:46 | |
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Federal Reserve’s Record $235 Billion Repo Intervention Validates Bitcoin
While Bitcoin is an asset independent of central banks, of banks, and of Wall Street, the cryptocurrency’s strength and underlying value proposition have become increasingly dependent on events in the traditional financial world as this fledgling industry has grown. дальше »
2019-12-28 13:00 | |
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Money Laundering Scandals Bring Court Charges and Record Job Cuts to Euro Banks
The international financial establishment is known to express concern about the risks of money laundering when the crypto space is mentioned. A string of scandals indicates, however, that traditional banks are not only susceptible to the phenomenon but sometimes complicit, whether knowingly or inadvertently. дальше »
2019-7-9 16:45 | |
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Bitcoin Price Races to a New Yearly High Placing $10,000 Within Eye-Shot
By CCN Markets: The bitcoin price surged to $9,500, marking a fresh 2019 high. As the stock market sets a new record, BTC is joining in the party. Fundamentals Driving Bitcoin According to eToro Senior Analyst Mati Greenspan in a tweet, fundamentals are driving the bitcoin price higher. дальше »
2019-6-21 03:00 | |
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Ripple CEO Not Threatened by Facebook’s Libra. Should He Be?
By CCN Markets: Ripple CEO Brad Garlinghouse said it would be a “record week” for Ripple at a conference this week. The cause? Facebook’s Libra cryptocurrency project, which has dominated headlines since its inception and reportedly isn’t ready for general use. дальше »
2019-6-21 23:00 | |
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Report: Australians Lost Over $4 Million to Crypto Scams in 2018
The latest edition of “Targeting scams,” an annual report released by the Australian Competition and Consumer Commission (ACCC) revealed that the country saw a 190 percent increase in cryptocurrency scams, with a total of $6. дальше »
2019-4-30 20:07 | |
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Dow’s Massive Surge Exposes Wall Street’s Staggering Gullibility
The Dow and broader U. S. stock market edged closer to record highs on Friday after two of America’s biggest banks reported better than anticipated corporate results, proving once again that you can fool investors by setting expectations low enough. дальше »
2019-4-13 22:06 | |
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Grim Stories of Ethical, Privacy Abuses Emerge About Coinbase’s New Partners
When Coinbase acquired Neutrino for an unspecified amount in February 2019, the news looked like business as usual: A cryptocurrency juggernaut had made another acquisition. дальше »
2019-3-1 17:19 | |
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Russia Leads Central Banks’ Record Hoarding on Physical Gold, Expert Explains When the Switch to Bitcoin
The amount of gold bought by central banks in 2018 has reached the second highest annual total. Since 1967, this is the most amount of gold volume bought by central banks. According to the World Gold Council estimate central banks now hold about 34,000 tons of gold. дальше »
2019-2-11 01:05 | |
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Bitcoin Stability A Sign Of A Bull Run?
The stability of Bitcoin has always been a bit shaky, however, over the past month or so, the leading crypto has been surprisingly… still. If you asked anyone earlier in the year why Bitcoin could never replace fiat currencies the first reason would most likely be due to its volatility and stability. дальше »
2018-10-9 15:30 | |
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Japan Bank Consortium launches its Ripple-powered payment app
Japan has finally given the green light to the Japan Bank Consortium to launch its Ripple-powered payments app for Android and iOS. The news comes straight from Ripple themselves. “The Japan Bank Consortium launched MoneyTap today, a Ripple-powered payments app to offer real time settlement for domestic payments in Japan,” the company wrote on Twitter. дальше »
2018-10-4 13:23 | |
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Yes, Stablecoins Can Secure Official Audits from Major Firms
“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized. дальше »
2018-7-26 18:55 | |
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LendLedger (LOAN Token): Decentralized Blockchain Crypto Lending Market?
Borrowers in the informal sector and small businesses face many challenges when they try to borrow credit from formal lenders. They are required to have a good credit record from banks and other institutional lenders. дальше »
2018-7-9 13:19 | |
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Binance to Record $1 Billion Profit in 2018, Surpassing Major Banks
The cryptocurrency market has dropped by over 70% since the start of the year, but the world’s largest crypto exchange is still expected to rake in a hefty profit. Changpeng Zhao: Binance Has Ten Million Users The first half of 2018 hasn’t been kind to the cryptocurrency market, with the collective value of all cryptocurrencies. дальше »
2018-7-7 13:00 | |
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8 European Financial Entities Use Blockchain to Improve the Registration of Emissions
The National Securities Market Commission (CNMV), BME and six European banks are working together on a blockchain-based project called Fast Track Listing. The project’s goal is to reduce the amount of time and processes required to record the issuance of financial warrants. дальше »
2018-6-27 14:17 | |
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XRP is Not Being Used By Banks, Ripple Exec Says
Ripple chief cryptographer David Schwartz has said the company’s payment system “is not a distributed ledger,” while revealing doubts from banks about Blockchain. ‘We Haven’t Gotten There Yet’ In comments to Reuters June 13, Schwartz went on record to “concede” the company “hasn’t gotten there yet” regarding banking uptake of its services. дальше »
2018-6-14 21:00 | |
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Chinese stocks to Put Credit Boycott on a Shared Blockchain
The banking arm of Chinese retail giant Suning is testing a consortium blockchain that would allow participating banks to record and update a shared ledger of users with bad credit scores. According to a local news source Sina Finance on Thursday, Suning Bank developed the blockchain system in order to move its blacklist of suspect дальше »
2018-6-14 13:54 | |
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