Every Major Bank Has Now Ruled Out Funding Arctic Drilling December 4, 2020 Every Major Bank Has Now Ruled Out Funding Arctic Drilling2020-12-042020-12-04https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/12/arctic.png200px200px Above photo: Imagine wanting to drill for oil in a place this gorgeous. Steven Chase/U.S. Fish and Wildlife Service/Getty Images. We got another one. On Monday evening, Bank of America said that it will no longer finance fossil fuel exploration in the Arctic, […]
Bank
140 posts
A Puerto Rico-based bank founded by gold bug and long-time bitcoin skeptic Peter Schiff is under investigation over suspicions it facilitated tax evasion for “high-risk” clients. According to reports on Saturday by several large media organizations in Australia and the U.S., Schiff’s Euro Pacific Bank has become the focus of a major global tax evasion investigation dubbed “Operation Atlantis.” Hundreds of account holders at the bank, […]
The move comes as the central bank continues to research how a central bank digital currency would work as well as the possible risks. Source link
BERLIN (Sputnik) – Germany, France, Italy, the United Kingdom and Spain have expressed concern about Israel’s plans to built nearly 5,000 housing units in the occupied West Bank and called on Tel Aviv to stop all settlement-related activities in the region, according to the joint communique by the foreign ministries of these states. “We are deeply concerned by the decision taken by the Israeli authorities to […]
Secretary-General of the Arab League Ahmed Aboul Gheit has condemned Israel’s move to approve the construction of around 2,000 new housing units in the settlements of the occupied West Bank. In comments released on Thursday, Aboul Gheit noted that the resumption of illegal settlement activity comes despite the Israeli government’s claims that it is seeking peace in the region. The approvals remain a formidable obstacle to […]
The Australian central bank sees no need to issue its own retail digital currency just yet, a top official said Wednesday. Tony Richards, head of payments policy at the Reserve Bank of Australia (RBA), told the UWA Blockchain, Cryptocurrency and Fintech conference that his agency had evaluated retail central bank digital currencies (CBDCs) and found “no strong public policy case” for introducing a general use version […]
New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
International financial authorities and seven of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies. The Group of Seven (G7) — an organization of finance ministers and central bank governors representing the United States, Canada, United Kingdom, Germany, France, Italy and Japan — said in a report last week that it is working with the International Monetary Fund (IMF), the […]
Bank of Japan Governor Haruhiko Kuroda said Monday that the central bank will begin experiments on a digital yen in the spring. Source link
Chen Yulu, deputy governor of the People’s Bank of China, said at the weekend that the digital yuan project should be accelerated as an important part of the nation’s financial infrastructure. Source link
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
Since the outbreak of the COVID-19 pandemic India’s apex bank, the Reserve Bank of India, has infused liquidity worth $125 billion into the economy to stabilise financial markets. Central banks the world over have pumped $9 trillion into the global economy amid the pandemic. India’s apex bank RBI on Friday said the country’s economic growth, measured as Gross Domestic Product (GDP), is likely to contract […]
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link
U.K. based fintech bank Revolut has partnered with Fireblocks, a digital asset transaction and storage platform, to provide a secure payments infrastructure for the digital bank’s new cryptocurrency services. Announced Thursday, Revolut will use Fireblocks’ wallet and network infrastructure when it offers new crypto services for its 13 million global retail customers. Source link
https://cdn1.img.sputniknews.com/img/105761/07/1057610789_0:285:5472:3363_1200x675_80_0_0_79823f32074cc2480ee3d19227cebedf.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/uk/202010081080709687-uk-banking-system-is-able-to-prop-up-economy-amid-covid-19-pandemic-bank-of-england-says-/ MOSCOW (Sputnik) – UK banks are capable of providing support for the country’s businesses and households amid the COVID-19 pandemic, the Bank of England said on Thursday. According to the UK central bank, the recent spike in the coronavirus infection and health measures introduced could undermine the already strained situation for many people. “Since the global financial crisis in […]
The Indian economy nose-dived between April and June this year, with gross domestic product growth contracting 23.9 percent in the quarter that saw a strict lockdown due to the pandemic. In January – March this year, the country witnessed GDP growth of 3.1 percent. Maintaining that the South Asian economic situation is worse than ever, the World Bank on Thursday said India’s gross domestic product (GDP) […]
An official for China’s central bank has unveiled usage statistics of state-backed digital currency trials that were conducted in three Chinese cities. Speaking virtually at the Sibos 2020 conference on Monday, Fan Yifei, deputy governor of the People’s Bank of China, said the bank opened 113,300 consumer digital wallets and 8,859 corporate digital wallets for residents of Shenzhen, Suzhou and Xiong’an to pilot a digital yuan. […]
Building an anonymous central bank digital currency (CBDC) presents security risks – not only to the issuer but to the users themselves, says the Bank of Canada. Source link
As the European Union gets more serious about a digital euro, most central bank digital currencies intend to remove the anonymity of cash. Our main discussion: central bank coins and financial privacy. The EU recently released a new research paper on a possible digital euro. Like many other official central bank reports, it assumes there is no possibility of an anonymous digital bank currency. NLW dissects […]
Eesti Pank said the initiative will gauge the suitability of the KSI Blockchain, already used within the country’s e-government system, in supporting a central bank digital currency. Source link
A new report by the World Bank reveals that Covid-19 delivered a “triple shock” to the developing East Asia and Pacific region, with as many as 38 million people expected to remain in, or be pushed back into, poverty as a result. It is the first increase in poverty in the region in two decades, according to the findings. The bank defined the poverty line as […]
by Fabio Giuseppe Carlo Carisio for VT Mediterranean The reportage written by Hala Nouhad Nasreddine for Middle East Monitor is a truly disturbing one. It is a detailed investigation that connects the financial scandal on money laundering and the money transaction for very suspicious transactions revealed by the documents of the dossier called FinCEN Files and revealed by Buzzfeed. Operations they would have helped to fund […]
The Bahamas confirmed it will cross the central bank digital currency (CBDC) finish line next month. “The intended outcome of Project Sand Dollar is that all residents in The Bahamas would have use of a central bank digital currency, on a modernized technology platform, with an experience and convenience—legally and otherwise—that resembles cash,” the central bank said. Source link
A former assistant at a well-known New York City investment bank sued her previous employer on Tuesday, alleging she was wrongfully terminated in August after complaining about walking in on one of her bosses masturbating in the conference room. Logan Williams, a former member of the United States Coast Guard, filed the suit against Marathon Capital in Manhattan federal court, claiming she endured a “discriminatory and […]
Germany’s largest lender, Deutsche Bank, appears to have facilitated more than half of the $2 trillion of suspicious transactions that were flagged by the US government between 1999 and 2017. According to broadcaster Deutsche Welle (DW), some $1.3 trillion of $2 trillion in leaked transactions that occurred between 1999 and 2017 and were flagged as suspicious passed through Deutsche Bank. DW cited documents obtained by BuzzFeed News […]
This week Kraken Financial became the first crypto company to receive a banking charter under Wyoming’s Special Purpose Depository Institution statute. Join CEO David Kinitsky for a look at what it all means and how it’ll work with hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy. In the early days of Bitcoin, there were no rules, or at least none that people understood. The […]
Kraken became the first crypto exchange to win a U.S. banking license this week. Here’s why that matters. On this edition of The Breakdown weekly recap, NLW looks at: DEXetition – Uniswap’s battle with SushiSwap heats up as the former dropped the UNI governance token in what some likened to a crypto stimulus check The Fed has no clothes – After another FOMC meeting of “nothing […]
A Cold War Power Play At The Inter-American Development Bank By Yj Liao, Qiao Collective. September 18, 2020 A Cold War Power Play At The Inter-American Development Bank2020-09-182020-09-18https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/iadb.png200px200px The election of former Trump advisor Mauricio Claver-Carone as president of the Inter-American Development Bank is a sign of the Trump administration’s intent to turn Latin America into an unwilling partner in the New Cold War on China. […]
Uniswap issued a governance token, Kraken is the world’s first crypto bank and there are more “newbie” bitcoin investors than any time in the past two years. Top shelf Crypto’s bankKraken Financial, a newly formed division of the popular crypto exchange, has become the first firm to receive a special type of charter making it a bank. On Wednesday, the Wyoming Banking Board approved the exchange’s application for […]
Under the partnership, Anchorage will provide crypto custody services to Jewel, which is applying for its full bank license in Bermuda. Source link
Kraken is the first cryptocurrency firm to become a bank. On Wednesday, the Wyoming Banking Board voted to approve the San Francisco-based crypto exchange’s application for a special purpose depository institution (SPDI) charter. Kraken is the first SPDI bank in Wyoming and according to the Wyoming Division of Banking’s general counsel, Chris Land, Kraken will also be the first newly chartered (de novo) bank in the […]