Ripple, the U.S.-based currency exchange and remittance network, is donating $10 million to Mercy Corps, a humanitarian aid non-profit, to “expand financial inclusion and increase economic empowerment globally.” Ripple, through a non-profit unit, works with non-government organizations, universities and industry partners to “bring the 1.7 billion unbanked adults into a modernized, global financial system that leverages the promise of financial technology,” the company said in its […]
Financial
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Chris Larsen, Ripple co-founder and chairman of the payments technology company’s board of directors, said China’s “itching” to be the one that designs the next financial system and that the U.S. is “woefully behind.” See also: SEC Will Be Forced to Give Crypto Guidance Despite Bureaucracy, Risk-Avoidance: Peirce Source link
Despite the US mainstream media and the FBI appearing uninterested in the latest GOP study concerning Hunter Biden’s financial transactions and occupations during his father’s vice presidency, the investigation may go full throttle if Joe Biden is defeated in the 2020 campaign, suggests US investigative journalist George Eliason. The FBI has refused to either confirm or deny the existence of any ongoing investigations concerning Hunter Biden, […]
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 […]
MOSCOW (Sputnik) – The United States is planning to impose new sanctions on Iran’s financial sector aimed at diminishing Tehran’s ability to import humanitarian goods, such as food and medicines, media reported, citing informed sources. According to The Washington Post, the new sanctions will affect several banks that are not currently subject to secondary sanctions. EU officials have warned that this move could result in devastating […]
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 […]
WASHINGTON (Sputnik) – The US administration is considering sanctioning Iran’s entire financial system to cut it off from the outside world, Bloomberg news agency reported. The sanctions will specifically target around 14 Iranian banks that have so far escaped US restrictions, the report said on Monday, citing three people familiar with the matter. The initiative, if approved, will designate the financial sector, including money-changers and informal […]
An unsurprising statement from a financial regulator is sending some welcome signals that point to a spurt of innovation ahead. The U.S. Office of the Comptroller of the Currency (OCC) issued a statement earlier this week saying that national banks can provide services to stablecoin issuers in the U.S. This is not a surprise, as banks have been doing so for some time. But they have […]
The district attorney’s office for the Manhattan borough of New York City, New York, has suggested in new court filings that US President Donald Trump could be the subject of a tax fraud probe, as “mountainous” public allegations of misconduct exist regarding 45 and his businesses. Lawyers working for the office of Manhattan District Attorney Cyrus R. Vance Jr. issued a new filing in the US […]
Joeller Stanton used to be an assistant teacher at a private school in Baltimore and made about $30,000 a year. In mid-March, when the pandemic was just starting, her school closed for what was supposed to be two weeks. “Up to that point, we were under the impression that it wasn’t that serious, that everything was going to be OK,” Stanton recalls. But as schools in […]
A student walks on campus at the University of South Carolina on Sept. 3, 2020 in Columbia, South Carolina. During the final week of August, the university reported a 26.6 percent positivity rate among the student population tested for the COVID-19 virus. Sean Rayford/Getty Images hide caption toggle caption Sean Rayford/Getty Images A student walks on campus at the University of South Carolina on Sept. 3, […]
Robert David Steele is the conceptualizer of integrated election reform (#UNRIG) and the integration of holistic analytics, true cost economics, and Open Source Everything Engineering (OSEE) such that we can achieve a prosperous world at peace at 10-20% the cost of the failed Western economic model burdened by banks and lawyers. A former US spy and co-founder of the Marine Corps Intelligence Activity, he is today […]
Earlier this week, Shetland Islands Council leader Steven Coutts singled out the Scottish government’s alleged funding cuts and the Scottish National Party’s centralised decision-making as major factors that prompted the council to push for the archipelago’s independence. The Council of Shetland Islands, an archipelago in North Atlantic Ocean which has a population of just about 23,000 people, has almost unanimously passed a motion aimed at exploring […]
Investment management firm Wave Financial said Friday it has received its first round of investment from clients, and has purchased a 1,000 barrels of Kentucky whiskey it plans to tokenize for prospective investors. According to a press statement emailed to CoinDesk, Wave Financial purchased the whiskey from the Wilderness Trail Distillery of Danville, Ky., and plans to tokenize the holding in a year or two. Gold, […]
Poll: Financial Pain From Coronavirus Pandemic ‘Much, Much Worse’ Than Expected September 11, 2020 Poll: Financial Pain From Coronavirus Pandemic ‘Much, Much Worse’ Than Expected2020-09-112020-09-11https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/09/200318-editorial-e1599845825837.jpg200px200px Above photo: Homeless people crowd around a makeshift camp on March 3 in downtown Salem, Ore. Andrew Selsky/AP. In America’s four largest cities, at least half of people say they have experienced the loss of a job or a reduction in wages […]
The Australian man was banned from working in financial services by the Australian Securities and Investment Commission. Source link
Already live on SBI’s forex trading platform, the contracts for difference (CFDs) are available in bitcoin, ether and XRP flavors. Source link
WASHINGTON (Sputnik) – The US House Intelligence Committee plans to issue a revised subpoena to Deutsche Bank for President Donald Trump’s business and personal records to reflect a recent Supreme Court ruling, Committee Chair Adam Schiff said in a press release on Wednesday. “Although not required by the Supreme Court’s opinion, the Committee will voluntarily narrow its subpoena to those records that are absolutely necessary to […]
When the pandemic hit this spring, U.S. rural hospitals lost an estimated 70% of their income as patients avoided the emergency room, doctor’s appointments and elective surgeries. “It was devastating,” says Maggie Elehwany of the National Rural Health Association. Daniel Acker/Bloomberg via Getty Images hide caption toggle caption Daniel Acker/Bloomberg via Getty Images When the pandemic hit this spring, U.S. rural hospitals lost an estimated 70% […]
Texas regulators ordered MTI to cease and desist in July, alleging it was a crypto fraud. Source link
The US and its “international partners” will offer financial aid to Lebanon, which is struggling to deal with the economic fallout of the massive port blast — but only if it commits to “real change,” a senior US official said. US Under Secretary of State for Political Affairs, David Hale laid out Washington’s conditions for aid as he spoke in Beirut on Saturday. The senior diplomat […]
The US dollar has recently been losing value against other currencies, dropping nearly 5% in July, its biggest monthly fall in more than 10 years. This decline is prompting economists worldwide to re-assess the role of the dollar as a global reserve currency, as some countries have resorted to other options in their bilateral transactions. The US dollar’s share of trade between Russia and China fell […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008031080050437-trump-says-us-probe-into-his-financial-docs-part-of-continuing-witch-hunt/ US President Donald Trump dismissed the ongoing investigation into his personal finances, calling it part of a continuing “witch hunt” by the Democrats. The New York District Attorney’s Office on Monday filed new documentation aiming to refute the argument by Trump’s lawyers that a subpoena of his finances has no bearing. That document, Sputnik reported, revealed the investigation may […]
https://cdn1.img.sputniknews.com/img/104701/10/1047011096_0:285:5472:3363_1200x675_80_0_0_afbf4dbf15014d6dafad69ae062d132c.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202008031080049777-us-prosecutors-reveal-trump-financial-probe-may-include-bank-insurance-fraud/ Tropical Storm Isaias isn’t the only tempest bearing down on New York: court filings by state prosecutors on Monday revealed their investigation into the finances of US President Donald Trump includes probes into other possible financial crimes, such as insurance fraud and bank fraud, and not just hush money payments. In a new filing made at the US District […]
Max Keiser and Stacy Herbert discuss the US Federal Reserve’s endless money printing, particularly during the coronavirus pandemic. They look at historical gold, dollar and Fed Funds rate charts to see if they can find answers. “All of the cash that has been printed has been hoarded by the bankers to keep their balance sheets solvent by filling up the tank, even though the tank has […]
The Brookings Institute was heavily involved in the Democrat and Deep State Russia collusion hoax and Ukraine impeachment fraud. These actions against President Trump were criminal. This institute is influenced from foreign donations from entities who don’t have an America first agenda. Julie Kelly at American Greatness released a report where she addresses the connections between the Brookings Institute, Democrats and foreign entities. She summarizes her […]
https://cdn1.img.sputniknews.com/img/107919/31/1079193136_0:0:3073:1728_1200x675_80_0_0_baef435a6861e37b395bbfcba4f302a4.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/business/202007221079955307-iran-planning-to-lever-financial-assets-held-abroad-to-balance-own-currency-rate/ MOSCOW (Sputnik) – The Iranian government has unveiled plans to use foreign currency reserve assets abroad for balancing domestic exchange rates, which have experienced extreme volatility over the past week, President Hassan Rouhani said on Wednesday. “We are trying to use the currency we hold in other countries as reserves, as good measures have been taken in recent days […]
The summit has continued for several days, unplanned, due to strong differences over a COVID-19 recovery fund and a long-term budget. The EU leaders have coordinated an economic recovery fund and a long-term financial plan at the summit in Brussels, EU Council president Charles Michel announced on Tuesday. The EU has agreed on a 750 billion euros economic recovery fund and a 1.074 trillion euros financial plan […]
Japan’s largest banking firm, Mitsubishi UFJ Financial Group (MUFG), is set to issue a digital currency in the second half of this year. Disclosure 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 […]
(Author Joe Hoft lived in Hong Kong for nearly a decade and provides this first hand perspective) China took control of Hong Kong, the former British colony, in 1997. Ever since that time, the Chinese Communist Party (CCP), the small group that runs China, has attempted to control the tiny country. This has escalated over the past year. The CCP agreed to a 50-year plan to […]
Patrick Murck is chief legal officer at Transparent Systems, developers of distributed settlement solutions, and an affiliate at Harvard’s Berkman Klein Center. Linda Jeng is global head of policy and special counsel at Transparent Systems and a senior fellow at Georgetown’s Institute of International Economic Law. Digital dollars can be designed in any number of ways, and these design choices will have profound implications for the […]
Former Spanish king Juan Carlos has had a number of damaging allegations of financial impropriety against him which has seen the Spanish royal family fall under scrutiny. The Spanish Supreme Court is currently investigating the former king over the role he played in landing Spain a lucrative contract to build a high speed railway in Saudi Arabia. Spain’s former king Juan Carlos has put the Spanish […]
The World Bank has looked at the benefits of smart contracts and found the blockchain instruments to be a “limited” financial tool. Source link