2020-9-19 20:35 |
Despite the COVID-19 pandemic, banks are reluctant to suggest alternative channels to their customers, says report.
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The world’s largest banks lost a considerable amount of market valuation amid the Covid-19 pandemic, according to a new report that estimates financial incumbents lost $635 billion. Between December 2019 and August 2020, the market caps of 14 major banking institutions lost upwards of 30-50% during the time period.
2020-9-16 06:15 | |
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Prior to COVID-19, six leading banks had a market cap above Bitcoin's. How many still do?
2020-9-15 23:30 | |
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The world’s banking cartel will gather $18 billion in fees for facilitating the settlement of small business Paycheck Protection Program (PPP) relief loans leveraged during the Covid-19 pandemic.
2020-7-15 03:30 | |
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Top banks around the world continue to face a deepening crisis from the COVID-19 pandemic. While the stock and housing markets have apparently rebounded, analysts believe that earnings will reveal a whole new set of problems.
2020-7-11 17:42 | |
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Coinspeaker Exclusive: Who Will Win the Central Bank Cryptocurrency Race?The rise in demand for digital payments during the COVID-19 pandemic further highlighted the importance of CBDCs and intensified the global race between central banks.
2020-7-11 11:29 | |
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According to new data, it seems that the world’s largest banks and financial markets still remain fragile. The cause of that fragility appears to be the continuing liquidity crisis brought on by COVID-19.
2020-7-10 13:42 | |
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As the world’s nations and financial institutions plan their recovery from the unprecedented economic upheaval in the wake of the COVID-19 crisis, more and more people are turning to digital assets. Cryptocurrency’s extraordinary resilience during the coronavirus crisis has lent renewed vigor to central banks’ plans to integrate digital currencies. Meanwhile, the younger generation is […]
2020-7-1 15:40 | |
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The crypto industry in India is experiencing massive growth, according to a new survey of crypto banks and exchanges. Despite the country’s deepening coronavirus crisis, crypto exchanges say trading volumes and the number of signups continue to grow substantially.
2020-7-1 13:15 | |
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As the effects of the lingering COVID-19 crisis continue to unfold, the Federal Reserve has continued juicing the economy with stimuli. However, as in 2008, the Fed recently announced that it has put a cap on buybacks and dividends for large banks.
2020-6-27 10:10 | |
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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 […]
2020-6-22 16:47 | |
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Given an alternative, people won’t stand for another failure in the financial system, like what happened in 2008—or what is happening now in response to COVID-19. Big banks won’t stand... The post Deflation, Not Inflation, Will Unleash Bitcoin Prices appeared first on Crypto Briefing.
2020-5-29 00:27 | |
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The COVID-19 pandemic has undoubtedly increased the adoption of emerging technologies. Since the world was challenged by this virus, innovations by the FinTech community ranging from blockchain tech to cloud infrastructure have been accelerated.
2020-5-29 18:31 | |
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The International Monetary Fund (IMF) has predicted that banks will struggle to generate profits at least five years after the global economy recovers from the coronavirus-led economic crisis. The IMF explained that banks were struggling even before the covid-19 pandemic so their troubles “will extend to at least 2025, well beyond the immediate effects of […] The post IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers appeared first on Bitcoin News.
2020-5-27 23:05 | |
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The financial crisis exposed by the Covid-19 pandemic has worsened financial vulnerabilities across the world. A new report from the IMF has shown three potential weak spots that can amplify the financial conditions, causing more instability or a worsened financial crisis.
2020-5-24 00:57 | |
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The market research organization, The Tokenist, recently published a report called “Comparing Public Bitcoin Adoption Rates in 2020 vs 2017. ” The study’s findings give a comprehensive look at the cryptocurrency ecosystem between 2017 and now.
2020-5-21 17:45 | |
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In its latest State of Bitcoin report, Delphi Digital explains that Bitcoin will benefit the most from the pledge made by central banks around the world to do what is needed to keep their economies afloat.
2020-5-14 03:00 | |
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The U. S. Federal Reserve has continued its schemes of monetary easing and funding a number of private banks during the Covid-19 outbreak. On Monday evening, the Fed revealed it would be buying corporate bonds and exchange-traded funds using the entity’s Secondary Market Corporate Credit Facility (SMCCF).
2020-5-13 23:01 | |
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Trading near a seven-year high, gold is heading for its biggest monthly gain since 2016 as central banks ramp up the stimulus to keep up the economy after being damaged by the coronavirus pandemic. Gold rallied in 2020 as investors sought safe haven amidst the unprecedented monetary stimulus sparked concern about currency debasement. The bullion […]
2020-5-1 20:10 | |
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In response to the COVID-19 pandemic, the traditional banking system shows its vulnerability, which could not happen with crypto
2020-4-22 18:28 | |
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Mainstream media has been awfully quiet about all the fraud and manipulation stemming from the global bureaucracies’ newly enacted covid-19 reaction policies. In the U. S. amid all the commotion and fear, the Federal Reserve granted special powers to the giant private equity firm Blackrock.
2020-4-21 18:30 | |
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Gemini's Tyler Winklevoss sarcastically remarks that it takes a pandemic or Bitcoin to force incumbents change the status quo
2020-4-19 20:59 | |
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Ripple and former CEO Chris Larsen donate $5 mln to embattled San Francisco food banks
2020-4-17 09:10 | |
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The United States government has already started sending emergency stimulus checks to its citizens to help them survive amid the devastation from the COVID-19 outbreak. Unfortunately, some of the people in dire need of this relief money for food, rent or other basic needs might not get it as the banks are allowed to seize […]
2020-4-16 23:10 | |
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China’s Digital currency might be integrated with the country’s financial ecosystem sooner than expected despite the COVID-19 pandemic. This is after one of its state-owned banks – Agricultural Bank of China (ABC) – released an application that accommodates the prospective central bank currency, DC/EP.
2020-4-15 17:18 | |
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We are currently in unchartered territory as the world financial system slowly comes to a halt due to COVID-19. Central banks have unveiled bailouts worth trillions of dollars to soften the brutal blow of the coronavirus on the economy.
2020-4-9 15:39 | |
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Crypto assets continued a mini recovery this week. Large-cap assets enjoyed double-digit gains and a number of exchanges have reported a boost in new signups and KYC verifications. Bitcoin may be enjoying a boost as traditional markets and central banks continue to buffeted by the COVID-19 economic crisis.
2020-4-8 15:00 | |
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BIS researchers think COVID-19 may accelerate the adoption of digital payments and sharpen the debate over central bank digital currencies.
2020-4-5 00:17 | |
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Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U. S. Federal Reserve. Since the covid-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy.
2020-4-1 03:05 | |
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The biggest global emergency of the century, COVID-19 pandemic has the Treasury officials trying to decide on how much they can spend to fight the novel coronavirus. Before the financial crisis in 2008, people relied on commercial banks to create money, which was in the form of loans.
2020-3-30 19:00 | |
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Retail interest in cryptocurrencies is growing as COVID-19 shakes markets and central banks take drastic steps to steady the global economy, the firm says.
2020-3-26 18:00 | |
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Global stock markets surged higher on Friday after central banks around the world unleashed a torrent of stimulus measures to cushion the shock from coronavirus (Covid-19). With US stock futures sharply higher, Wall Street is expected to have yet another big swing.
2020-3-20 18:33 | |
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Economists believe the COVID-19 pandemic, which has spread across Europe and America in recent days, could push the global economy to the brink of recession. JP Morgan analysts have forecasted a coronavirus-driven economic recession to hit America and Europe by July 2020.
2020-3-19 00:30 | |
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Central banks around the world are cutting down rates and announcing their quantitative easing programs to fight the impact of the global coronavirus (Covid-19) pandemic. The US Federal Reserve has been injecting billions of dollars in market liquidity for quite some time now and recently it cut down its rates to zero percent and restarted […]
2020-3-18 17:39 | |
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Oklahoma has passed a bill to safeguard residents' rights to self-custody digital assets, including crypto, effective Nov. 1.
Data shows that ARK 21Shares Bitcoin exchange-traded fund (ETF), also known as ARKB, recorded the highest amount of inflows after reaching a crucial level. According to data provided by Farside Investors, the US Bitcoin (BTC) ETFs registered $100.5 million in…
Elements of the Payment Stablecoin Act have the potential to be beneficial for American consumers — but critics claim other parts are “unconstitutional.” Republican Cynthia Lummis and Democrat Kirsten Gillibrand have become something of a bipartisan, pro-crypto double act in…
Two U.S. lawmakers have proposed a bill that clarifies the taxation framework for cryptocurrency staking rewards. Bipartisan lawmakers Reps. Wiley Nickel, D-N.C., and Drew Ferguson, R-Ga, introduced the Providing Tax Clarity for Digital Assets Act on May 1 to clarify…
On April 30, Judge Richard Jones sentenced Zhao to four months in prison, going against the U.S. Department of Justice (DOJ)’s recommendation for a three-year jail sentence. London-based financial services lawyer Rabya Anwar told crypto.news that the stories of Zhao…
Willy Woo, an on-chain analyst, took to X on April 29, raising concerns about the fate of retail Bitcoin investors if the world, especially the United States, plunges into a recession. Woo, referencing historical events, argues that while large Bitcoin holders, or “whales,” are likely to weather the storm since they control private keys of their coins, […]
U.S. senators Elizabeth Warren and Bill Cassidy have urged the Department of Justice (DOJ) and Department of Homeland Security (DHS) to double down on their efforts to combat crypto use in the market for child sex abuse material (CSAM). In…