U.S. Market News

IMF Chief Lagarde: Central Banks Should ‘Consider’ Issuing Digital Currency

The Managing Director and Chairperson of the International Monetary Fund (IMF), Christine Lagarde, has called on central banks around the world to consider issuing digital currencies. According to Lagarde, …

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Not Just Crypto: India’s Payment System Protectionism is Hurting Legacy Firms, Too

Reuters reports that Mastercard has formally complained to the US government that the Indian government is deliberately promoting domestic payment networks over international ones like Mastercard and that the …

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Bitcoin is Not a Legal Tender in Zambia, Says Central Bank

Zambia’s central bank has said that cryptocurrencies like bitcoin aren’t legal tender in the country. The Bank of Zambia (BoZ), responsible for creating and implementing monetary policies for the …

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Ex-Goldman Sachs President Gary Cohn Joins Blockchain Startup

The blockchain space became a little stronger today as former Goldman Sachs president Gary Cohn announced that he had joined the advisory board of distributed ledger technology (DLT) startup …

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Crypto Billionaires Among China’s Wealthiest, Despite Bear Market

There is no question that the entire cryptocurrency sector is in a bear market, with many cryptocurrencies losing over 50% of their value. However, this certainly hasn’t prevented individuals …

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Cryptocurrency Market Loses $16 Billion as Dow Jones, Nasdaq Plummet

All top ten cryptocurrencies and stocks from Dow Jones, S&P 500 and Nasdaq, are in the red on Thursday. A Deadly Crypto Dive The price of significant cryptocurrencies dived …

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‘Rehypothecation’: More about the Wall Street Practice that Could Ruin Bitcoin

Note: This is part 4 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin …

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‘Rehypothecation’: Inside the Wall Street Practice that Could Ruin Bitcoin

Note: This is part 3 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin …

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Iran Reveals National Cryptocurrency Features as U.S. Sanctions Sting

The Republic of Iran has revealed the details of its national cryptocurrency in response to the United States-led economic sanctions. According to Informatics Services Corporations (ISC), a central bank-affiliated …

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Incoming Goldman Sachs CEO David Solomon More Keen on Bitcoin Than Predecessor

Goldman Sachs announced today that David Solomon will be the company’s new CEO, shortly before the quarterly earnings call. Lloyd C. Blankfein will be stepping down as CEO, who began …

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Exclusive: Maltese Government Approves Three Cryptocurrency Bills

The Maltese Parliament yesterday voted unanimously to approve three cryptocurrency and blockchain bills. These bills that are designed to make Malta one of the most important and desirable locations …

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Cryptocurrency Proves USD’s Status as Reserve Currency Is Fragile: $250 Billion Asset Manager

The CEO of Lazard, Kenneth M. Jacobs, said that the unilateral approach of the United States towards foreign policies and trades posses a threat to the sustenance of the …

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Huobi Partners With Korean And Chinese Investors to Support Blockchain Initiatives

Huobi, the global cryptocurrency exchange, has partnered with NewMargin Capital and Kiwoom Securities Co., Ltd. to start an investment fund to support blockchain enterprises in China and South Korea …

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Indonesia’s Public And Private Sectors Explore Uses For Blockchain

In Indonesia, a country with 250 million people living across 17,000 islands, both the private and public sectors are actively exploring blockchain technology to overcome challenges managing data for …

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US Treasury Secretary Munchin Likens Bitcoin to Offshore Swiss Bank Account

US Treasury Secretary Steven Mnuchin is making headlines again, but not for him and his wife Louise Linton’s James Bond-like lifestyle. This time, Mnuchin has issued a warning that …

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Bitcoin Crash Could Drag down Stock Prices: Wells Fargo Executive

If the alleged Bitcoin bubble bursts, it could affect the stock market as well, according to Wells Fargo.

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China Central Bank PBOC FinTech Committee

China’s Central Bank is Already Testing Its Own National Digital Currency

According to a paper published in the academic journal Tsinghua Financial Review and online, the People’s Bank of China (PBoC), China’s central bank, is currently testing its own national …

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Is Bitcoin a Great Hedge Against Struggling Debt-Based Economies?

The US is known to the vast majority of the world as the global financial and economic powerhouse. Yet, the US holds the largest amount of external debt at …

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Japanese MegaBank Mizuho Builds Blockchain Trade Finance Platform with IBM

Japan’s Mizuho Financial Group, subsidiary bank Mizuho and IBM Japan are jointly building a blockchain platform for trade financing. With the blockchain solution, Mizuho is looking at improving supply …

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Hong Kong Central Bank Unveils Blockchain PoC for Trade Finance

The Hong Kong Monetary Authority (HKMA) has today unveiled its proof-of-concept (PoC) blockchain platform for trade finance as the island nation looks to take a proactive leap in digitizing …

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Singapore Inks FinTech Cooperation Pact with France

The Monetary Authority of Singapore (MAS), Singapore’s central bank and financial authority has signed FinTech cooperation agreements with a pair of French regulators to boost FinTech ties between the …

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Blockchain Could Make Financial Markets and Services Faster: German Central Bank President

The digitization of financial services could see notable benefits from innovations like blockchain technology, according to the president of Germany’s central bank. Dr. Jens Weidmann, president of the Deutsche …

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Japan Jumps Aboard Singapore’s FinTech Train

The financial regulators of Japan and Singapore ink a Fintech pact.

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Japan UK FCA FSA Fintech Australia China ICO

Japan and the UK Ink Fintech Co-operation Agreement

The influential financial regulators from Japan and the United Kingdom have ‘exchanged letters’ toward jointly promoting innovation of Fintech or financial technology. The collaboration will also provide guidance and …

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