Facebook Will Create ‘Shadow Banking’ System, Major U.S. Banks Warn
Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council Go to Source Powered by WPeMatico
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Facebook’s Libra will potentially create a “shadow banking” system, according to the banks at the Federal Advisory Council Go to Source Powered by WPeMatico
Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central banks are contemplating even more unconventional methods … Read more
Unconventional monetary policy is rife within the U.S. right now, and a step toward quantitative easing seems inevitable; BitMEX CEO Aurther Hayes believes this will send Bitcoin sky high, but will it? Go to Source Powered by WPeMatico
Veteran frontier markets investor Mark Mobius suggested that cryptocurrencies will help boost the price of gold Go to Source Powered by WPeMatico
Ron Paul, the muckraking former congressman from Texas, is stirring things up once again, this time taking aim at the new real-time digital payment system proposed last week by the U.S. Federal Reserve. Presented as an innovative solution by government and media voices, the cryptosphere received the news of the Fednow program with little more … Read more
In this week’s Hodler’s Digest, Litecoin’s halving fails to boost prices — and the scale of North Korea’s crypto hacks emerges Go to Source Powered by WPeMatico
With the recent Union Bank of Switzerland (UBS) announcement that even more customers will be charged to hold money in their banks, people are scrambling to find ways to preserve their wealth, while USB and others scramble to dam the losses resulting from national negative interest rate policy (NIRP). The relatively recent experiments with NIRP … Read more
The U.S. Federal Reserve is planning to release a real-time payment and settlement service in order to boost the payments infrastructure in the country Go to Source Powered by WPeMatico
Fundstrat Global Advisors co-founder Tom Lee thinks interest rate cuts in the U.S. will help Bitcoin in its emerging role as a macrohedge against riskier assets Go to Source Powered by WPeMatico
Given the current Bitcoin price momentum, it has become somewhat difficult to make sense of the market trends. That situation will not necessarily change in the near future, as ups and downs will continue to occur intermittently. Thomas Lee, a well-known crypto bull, claims Bitcoin will see a major reversal over the course of the … Read more