Printing Money from Thin Air – How the Fed Reduces Purchasing Power and Makes You Poorer

Printing Money from Thin Air - How the Fed Reduces Purchasing Power and Makes You PoorerUnless you have your head in the sand, you’ve probably realized that governments and central banks can print money out of thin air and in unlimited amounts. The United States and the Federal Reserve have been creating money from nothing for years because they had exhausted all their monetary policies. Despite the fact that many […]

The post Printing Money from Thin Air – How the Fed Reduces Purchasing Power and Makes You Poorer appeared first on Bitcoin News.

#NotDying4WallStreet – Twitter Trends Show People Are Fed Up With Wall Street, Banks and Oligarchs

'Not Dying 4 Wall Street' - Twitter Trends Show People Are Fed Up With Banks and OligarchsAs the coronavirus outbreak causes havoc to the world economy, the U.S. is trying to prepare for the onslaught of new cases. U.S. politicians crafted shelter-in-place orders in various states and shut down a decent fraction of American industries. Now politicians are penning an enormous bailout package and American citizens are fighting about whether or […]

The post #NotDying4WallStreet – Twitter Trends Show People Are Fed Up With Wall Street, Banks and Oligarchs appeared first on Bitcoin News.

6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail

6 Bankers Accused of Earning €30M in Bonuses From Fraud Scheme in Germany, Tax Lawyer Out on €4M BailFormer bank employees have received bonuses worth millions of euros in an illegal trading scheme that also involved a tax lawyer, prosecutors in Frankfurt revealed this week. The case is part of multiple investigations carried out across Germany, the hardest hit country in a notorious tax fraud scandal known as the Cum-ex Files. Also read: […]

The post 6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail appeared first on Bitcoin News.

23 Central Banks Divulge Their Digital Currency Requirements

23 Central Banks Divulge Their Digital Currency RequirementsTwenty-three leading central banks participated in an in-depth survey on their digital currency developments and requirements, including fungibility, convertibility, and availability. They also discussed the timeframe for issuing consumer-ready central bank digital currencies and divulged their greatest concerns about implementing them. Also read: China Ranks 35 Crypto Projects as President Xi Pushes Blockchain The First […]

The post 23 Central Banks Divulge Their Digital Currency Requirements appeared first on Bitcoin News.

Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

Bankers Start to Recognize Bitcoin’s Role in Financial EvolutionDigitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and […]

The post Bankers Start to Recognize Bitcoin’s Role in Financial Evolution appeared first on Bitcoin News.

Why the Birth of Bitcoin Can Be Traced Back to 1971

Why the Birth of Bitcoin Can Be Traced Back to 1971The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.S. dollar would buy a certain amount of pure gold. Despite its obvious successes in […]

The post Why the Birth of Bitcoin Can Be Traced Back to 1971 appeared first on Bitcoin News.

Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide

Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands WorldwideBanking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup is preparing to shrink its trading staff slashing […]

The post Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide appeared first on Bitcoin News.

Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto

Banks Stopped Walmart Bank - Now the Retail Giant Hits Back With CryptoOn August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description explains the coin could be used outside of Walmart’s retail scope […]

The post Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto appeared first on Bitcoin News.

8 Irate Quotes From Officials Who Hate Facebook’s Digital Currency

8 Irate Quotes From Officials Who Feel Threatened by Facebook’s Digital CurrencyThe best thing about Facebook’s proposed digital currency isn’t its BTF consensus algorithm, account-based data model or single Merkle tree structure. No, the greatest thing about Libra has to be the triggered reactions from politicians and bankers who can sense the rug being pulled from under their feet, threatening their hegemony and upending their world […]

The post 8 Irate Quotes From Officials Who Hate Facebook’s Digital Currency appeared first on Bitcoin News.