Mastercard CEO Reveals Why His Firm Quit Libra Over Several Red Flags

Mastercard CEO Ajay Banga says his company left The Libra Association after his attitude towards the project deteriorated over proposals to link the coin with its own built-in wallet, Calibra, as well as the lack of a clear business model. In an interview with the Financial Times, the payment services chief, who has headed up […]

Binance Makes Investment in Chinese Crypto Media Firm Mars Finance

Binance, the world’s largest crypto exchange, has made an undisclosed investment in Chinese crypto news outlet Mars Finance. Binance participated in a funding round for the blockchain media firm, which brought its valuation to $ 200 million USD in what was the third such financing since Mars Finance was founded last year. Specifically, Mars Finance […]

Mastercard Teams Up with Blockchain Firm R3 for Cross Border Platform

Payment leader Mastercard (NYSE:MA) intends to expand a blockchain platform for cross-border settlements in collaboration with Ripple-backed fintech research company R3. Over the course of the past few years, the cryptocurrency space has grown at a remarkably fast rate and after the hibernation of sorts in 2018, most cryptos have been back with a vengeance […]

US Dollar Finishing August on Firm Note as Euro nears Two-Year Lows

Overview:   Global equities are advancing at least in part on ideas that trade tensions are easing.  China announced it would not take immediate action on the five percentage point increase in levies that the US announced strictly in response to China’s retaliatory tariffs.  A lull between blows is not the same Latest Articles in Economy

US Dollar Finishing August on Firm Note as Euro nears Two-Year Lows

Overview:   Global equities are advancing at least in part on ideas that trade tensions are easing.  China announced it would not take immediate action on the five percentage point increase in levies that the US announced strictly in response to China’s retaliatory tariffs.  A lull between blows is not the same Latest Articles in Economy

Ripple Announces New Partnership with UK Remittance Firm

Ripple, the world’s third-largest cryptocurrency by market cap, has announced a new partnership with UK remittance firm Xendpay. The London-based firm will now become a part of Ripple’s global settlement platform, RippleNet, according to a press release issued today. Joining RippleNet will now allow Xendpay access to markets in Bangladesh, Malaysia, the Philippines, Vietnam, Indonesia, […]

Blockchain Firm AmaZix is Tackling Crypto Scams on Telegram: Here’s How

When something becomes popular, illegal activity tends to follow. The cryptocurrency market knows this all too well, which is why AmaZix this week opened up its “moderation bot” so crypto scams can be booted from Telegram, a popular messaging app. Here’s what we know. Telegram Crypto Scams On Wednesday, AmaZix, a blockchain advisory firm, said […]

Montreal Security Firm, Solutions Risque, Expands into the Crypto Market

Montreal, Quebec, Canada–(May 23, 2019) – Solutions Risque Investigations & Security Services, a security and investigation firm headquartered in Montreal, Quebec, Canada, has been offering executive protection services since 2017 to crypto companies and professed “crypto influencers” who have been cast into the limelight and increasingly at risk of crypto crime. Solutions Risque is showing […]

Precious Metals Weekly Round-Up: Gold Falls on Firm US Dollar

Gold and silver prices declined on Friday (December 14) on the back of a strengthened greenback, which was supported by investors shifting their focus towards the expected US interest rate hike next week. As of 9:20 a.m. EST, the yellow metal was trading at US$ 1,233.70 per ounce and on track for its biggest weekly […]