PR Wire

Finance and the Real Economy Can’t Stay Out of Sync Forever
PR Wire

Finance and the Real Economy Can’t Stay Out of Sync Forever

Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early-stage startups with Slow Ventures. Have you ever been to a place where time had a different quality? Maybe you grew up in a rural area of the Midwest and upon moving to New York were struck, like many before you, by its whirlwind cadence. Maybe you grew up in a bustling capital city but, upon visiting a coastal seaside town, you fell in love with the slower, sleepier pace of life. I have spent most of my life residing in places where time moves pretty quickly, kept ticking along by semesters, quarters, deadlines, bills to pay, money to make and errands to run. When traveling, I...
XTB Review: 3 Key Findings for 2020
PR Wire

XTB Review: 3 Key Findings for 2020

ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. As a trusted multi-asset broker regulated in several major financial centers, XTB provides a well-rounded, co...
Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong During the National People’s Congress
PR Wire

Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong During the National People’s Congress

Chinese officials are considering a cross-border Asian stablecoin in Hong Kong, to facilitate a cross-border payment network between three Asian countries, and four currencies - China, Japan, South Korea, and Hong Kong. The world’s second-largest economy is aiming to build Hong Kong into an international financial center in the digital economy era.     At China’s annual “Two Sessions,” also known as the National People’s Congress, China’s most important annual political event in Beijing, officials set the decision to impose new national security legislation on Hong Kong.    The annual political event was postponed due to the coronavirus pandemic, as the representatives of the National People’s Congress continue to advise on post-pandemic economic recovery.    Neil Shen, also known as Shen...
Market Wrap: Traders ‘Buy the Dip’ as Bitcoin Hovers at $9,000
PR Wire

Market Wrap: Traders ‘Buy the Dip’ as Bitcoin Hovers at $9,000

Bitcoin fell for a second day, extending a downdraft triggered by Wednesday’s revelation that a member of the cryptocurrency community from the blockchain’s earliest days in 2009 had moved a long-dormant cache of coins.  As of 20:30 UTC (4:30 p.m. ET), bitcoin (BTC) was trading at $9,044, a loss of 5.6% over 24 hours.  Bitcoin remains well below its 10-day and 50-day technical indicator moving averages — a signal of bearish sentiment.  At 14:00 UTC (10 a.m. ET) the world’s oldest cryptocurrency began experiencing high selling volume on exchanges including Coinbase, dropping bitcoin below $9,000 for the first time since May 13. Bitcoin trading on Coinbase since May 19Source: TradingViewWhile the market appears to have turned bearish, Rupert Douglas, head of institutional sales at asset mana...
IG Review: 3 Key Findings for 2020
PR Wire

IG Review: 3 Key Findings for 2020

ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Regulated and trusted across the globe, IG offers traders an extensive list of tradeable produ...
Bank of France Becomes the First to Successfully Test Out the Digital Euro on Blockchain
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Bank of France Becomes the First to Successfully Test Out the Digital Euro on Blockchain

The French Central Bank, Banque de France has recently successfully trialed a central bank digital currency (CBDC) – the digital euro, operating on a blockchain.      The Bank of France experimented with the use of a central bank digital currency to test a sale of securities, which was carried out by Société Générale Forge.    Banque de France launched a program of experiments to test out potential central bank digital currency (CBDC) aimed for interbank settlements. Potential participants have been invited to submit their applications to experiment with the use of a digital euro.    The three main objectives of the CBDC experiment includes identifying benefits, analyzing potential risks, and modeling as CBDC-based interbank settlement.    A maximum of ten CBDC-related applications create...
Iranian President Calls for National Crypto Mining Strategy
PR Wire

Iranian President Calls for National Crypto Mining Strategy

Iranian President Hassan Rouhani has ordered the government to draw up a renewed national approach for the emerging crypto industry. Chairing Iran’s economic coordination headquarters – a seminar for the national economic strategy – earlier this week, Rouhani told officials from the Central Bank of Iran (CBI), energy department and information and communication technology ministries that they needed to devise a new national strategy for crypto mining, including regulation and mining revenue, Iranian news site ArzDigital reported Wednesday. The news comes barely two days after the Iranian parliament published a bill proposing to apply the country’s strict foreign exchange and currency smuggling regulation to cryptocurrencies. The new parliamentary law would also require crypto exchanges op...
Swissquote Review: 3 Key Findings for 2020
PR Wire

Swissquote Review: 3 Key Findings for 2020

ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. For traders who require a multi-asset solution and are willing to pay a premium to have their...
IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder
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IBM Joins Trade Finance Blockchain Platform We.Trade As New Shareholder

IBM has announced a new collaboration with blockchain-based trade finance platform, we.trade to enhance network capabilities and accelerate the global growth of the platform. We.trade was designed to connect buyers, sellers, banks, insurers, and other organizations in a network, simplifying cross-border trading.      We.trade is backed by a group of banks, including Deutsche Bank, HSBC, Rabobank, Santander, UBS,  Société Générale, and a few others. As one of the largest blockchain-enabled trade networks in the world, the blockchain platform first aimed to help small and medium-sized enterprises (SMEs) in Europe to get better access to trade finance. With the new partnership with IBM, we.trade is looking to scale globally as it is expanding in Asia, Africa, and Latin America.    Built on t...
Crypto ‘Gray’ Markets Could Be Unintended Consequence of FATF Travel Rule
PR Wire

Crypto ‘Gray’ Markets Could Be Unintended Consequence of FATF Travel Rule

Could an overbearance of regulation divide the crypto space and create a “gray” market composed of unregulated exchanges, where digital assets trade at lower prices? At a panel at Consensus: Distributed exploring the impact of the Financial Action Task Force (FATF) “Travel Rule,” Bakkt President Adam White said yes. “We are going to see a bifurcation in the crypto space,” said White. “We are going to see white crypto; we are going to see gray crypto. And those different forms of crypto will most likely trade at different prices.” The FATF, a kind of global anti-money laundering (AML) watchdog, makes recommendations on how best to fight financial crime, which countries and their regulators then implement. There has been some progress with the licensing and regulation of crypto in places lik...