Finance industry

Cyber crime up in Venezuela as the World Bank attempts to rescue water

Finance industry

China’s Ministry of Finance recently announced the sale of $6 billion in bonds ranging from 5-20 years in length. This sale of international bonds marks the largest ever undertaken by China. Rates on these bonds range from 35 basis points above the US Treasury benchmark to 70 basis points above the benchmark. All told, the…

A political resolution in Spain and banking consolidation across Europe

Finance industry

With his country on the verge of economic contraction, German Finance Minister Olaf Scholz is calling for more financial integration across the European Union. The Finance Ministry released a paper citing the need for more cooperation across European nations to facilitate better financial services. One proposed idea is a deposit-insurance program which would protect bank…

Is climate change an alarmist fad, or are we in extreme danger?

Finance industry

There may be no hotter topic (no pun intended) in today’s world than climate change. While protestors take to the streets demanding action and change from governments and companies, others deem the idea nothing more than a waning fad that will fade into the background over time. Yet, science and data are clear. Climate change…

P2P payments app Zelle continues its dominance

Finance industry

Peer-to-peer Bitcoin trading platform Paxful recently eclipsed 3 million wallets as it continues to expand its services to users globally. The company’s CEO ray Youssef highlighted that younger demographics more widely prefer to use p2p marketplaces for cryptocurrency services: “We just conducted a study which stated that more than half of Millennial and Generation Z…

Jack Dorsey and China go deeper in on blockchain

Finance industry

The cryptocurrency industry just received backing from a big name. Twitter CEO Jack Dorsey, an outspoken cryptocurrency advocate, invested in a $10 million funding round for CoinList, a cryptocurrency startup designed to help companies raise money via digital token sales. Dorsey is excited about the platform which could revolutionize how companies raise money: “Crypto needs…

European banks on the run, while China’s talent gets stronger in October

Finance industry

The European banking giant Deutsche Bank has fallen on hard times once again. The company’s stock price took an 8% hit at the end of October after it reported an €832 million loss for the third quarter of 2019, well below the €778 million loss analysts expected. While Deutsche Bank experienced a 13% decrease in…

5 Business Ideas Helping to Fight Climate Change

Finance industry

Climate change is one of, if not the biggest issues ravaging our planet today. Around the world, people are becoming more conscious of what they consume and how they spend their money. To build an eco-friendly world, new businesses are needed to support environmentally friendly infrastructure. For those who not only want to be their…

Google’s New Phone, Is London Falling, and Other October News

Finance industry

Google has announced its newest mobile device, the Pixel 4. With it comes a variety of new and innovative advancements for its users. Take the phone’s Motion Sense, which allows users to swipe or wave their hand for certain tasks. Then there is the phone’s Recorder app which records and transcribes audio into text. It…

Want to Open Your Own Crypto Exchange? Now You Can…

Finance industry

Two of the world’s largest payment processors are teaming up for p2p payments. VISA and MoneyGram partnered on VISA Direct, a peer-to-peer money transfer option for US customers to send money domestically via the MoneyGram app. MoneyGram Chairman and CEO Alex Holmes noted how the company’ partnership with VISA will provide its customers an even…

Apple Says No and Other Cryptocurrency News

Finance industry

Any speculation about an Apple cryptocurrency has now been put to rest. The company’s CEO Tim Cook said in an interview that currency is not something that Apple, or any other private company, should be dabbling in as it puts too much power in the hands of companies instead of governments. Cook sees no reason…