Tuesday, July 23, 2019

Key Financial Events of the Decade

Chris Skinner, financial analyst and the best-selling author of “Digital Bank” shared his opinion, which led us to a new financial world.[vc_row][vc_column][vc_custom_heading text=”The Global Financial Crisis” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_column_text]Since September 14, 2014, the global banking system has changed forever. These days not only Lehman collapsed — Washington Mutual was absorbed by JPMorgan Chase, the Royal Bank of Scotland could not resist, and many others struggled to stay afloat. As a result of the crisis, the regulation of the banking system has become much tougher, and capital requirements have increased more than ever before. In addition, there was a tightening of loans and opening of credit lines, and many credit cards were defaulted – within two years after the crisis, American banks wrote off over $ 100 billion of credit card debt. It is interesting that today the use of credit cards has returned to the pre-crisis level. Are we waiting for the new 2008 in the near future?[/vc_column_text][vc_custom_heading text=”The Growth of Mobile Social” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_single_image image=”8177″ img_size=”1280×720″ alignment=”center”][vc_column_text]In the early 2010s, most people have not yet used social networks, at best they have heard something about them. The idea of ​​the smartphone was also a novelty, the first Apple iPhone was released only in 2007, and many doubted that phone without a keyboard could be successful. But the manufacturers of the phones of the previous generation overlooked that the iPhone is not a phone, but a pocket computer. In combination with social networks, this has given an explosive growth in the user base, and today we live in a world where people speak little on their phones and look at their screens much more. In addition, the mobile revolution has led to large-scale changes in the field of payment services: today, any bank offers mobile banking services, and a mobile phone has become the main channel of communication with the client.[/vc_column_text][vc_custom_heading text=”The Application Revolution” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_column_text]Payment solutions have become the most important applications on smartphones, mobile wallets work in almost all countries, from America to Africa. The leaders of the Chinese market, Alipay and WeChat Pay applications, over the past year conducted transactions worth 15 trillion dollars. The union of payment services and mobile applications has changed everything: a phone has become a cash register, and in the case of Square in the USA and iZettle in Europe it is quite literally. According to the forecast of Global Market Insights Inc, in 2024, mobile phones will process payments of more than 55 trillion dollars.[/vc_column_text][vc_custom_heading text=”The Emergence of Fintech” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_single_image image=”9433″ img_size=”1280×720″ alignment=”center”][vc_column_text]Ten years ago there was no Fintech as a major phenomenon — there were only a few companies that planned to work with finances on the Internet. Today, thousands of companies are engaged in this topic, and each of them specializes in its own way – for example, Stripe, Klarna and Adyen. They do not try to grasp the immeasurable, but rather they each concentrate on one narrow area and write software to solve the chosen problem. We have already seen the emergence of powerful brands in this field, including unicorns, some of which began in the early 2000s, and today their capitalization exceeds $ 1 billion, for example, SoFi, Kabbage and Robinhood. These companies, dominating in their fields, have grown from scratch, and many of them operate globally. Some of them are beginning to merge, like TransferWise and Wirecard, and the output will be regional or world market leaders.[/vc_column_text][vc_custom_heading text=”Pan-European movement — and a laggard” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_column_text]Europe was working toward adopting a single currency in 2008, with regulations for the euro driving changes across all aspects of finance. One was the first iteration of the Payment Services Directive, bringing with it efforts to harmonize all of the payments products used in 28 nations. To make this happen, the banks were working co-operatively through the Euro Banking Association (EBA) to build the Single Euro Payments Area (SEPA). This would allow standing orders, direct debits, credit transfers and any form of payment to move across Europe’s countries as though they were domestic payments. Meanwhile, over in the United States, a different type of herculean effort was unfolding — the move from magnetic stripes to EMV. Ten years after the UK, the United States finally fully mandated chip-and-PIN cards. Much like the Eurozone, it experienced growing pains with getting all players on the same page. Even today, fractures remain, with some merchants opting to take the liability risk associated with mag-stripe cards rather than making the switch to chip.[/vc_column_text][vc_custom_heading text=”Satoshi Nakamoto and Bitcoin” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_single_image image=”8129″ img_size=”1280×720″ alignment=”center”][vc_column_text]Another important point is that in 2008 an unknown (to this day) scientist named Satoshi Nakamoto published an article titled “Bitcoin. Peer-to-peer electronic money system” and proposes a model, which allows participants to transfer funds among themselves without the intermediation of a financial institution. After that, in January 2009, he released the first version of bitcoin.[/vc_column_text][vc_custom_heading text=”The Race to Cashless” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_column_text]Mobile wallets, digital currencies, peer-to-peer payments – all this put pressure on the consumer, encouraging him to get rid of cash in his pocket, and in some countries this process has already gone very far, it is expected that Turkey, Sweden and China will completely give up physical money in the next decade. Of course, it’s convenient for governments: automated payments that go through a single system are much easier to track. There are clear advantages in this for private individuals as well: the risk of robbery or loss of money is lower, there is no contact with bacteria that abound in banknotes and coins, and so on.[/vc_column_text][/vc_column][/vc_row]

https://blog.hyip.com/2019/07/key-financial-events-of-the-decade/

Facebook, Instagram Overrun with Fake Libra Accounts

Dozen fake Libra pages have come up on Facebook and its social photo-sharing app Instagram. Facebook deleted Libra scam pages only after a warning report by The Washington Post on July 22.[vc_row][vc_column][vc_column_text]Libra fakes offer to take part in a pre-sale of not-yet-launched Libra coins at a discount. The fake accounts and websites include Facebook’s logo, photos of Mark Zuckerberg or Libra’s official marketing materials[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]As said in the report, a number of those fake Facebook and Instagram accounts were removed on July 22 only after The Washington Post reported on them to Facebook. Elka Looks, communications manager at Calibra, reportedly stated that Facebook removes ads and pages that violate their policies when they become aware of them. As a reminder, earlier in the month, researchers at Digital Shadows, a cyber threat intelligence company, detected more than 100 Facebook’s Libra-related fake domains, some of these websites has a malicious content. There were two gropes of the fakes — those impersonating Libra’s official website, and those promoting scams.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_cta h2=”JOIN TO OUR TELEGRAM CHANNEL” h4=”ALL THE LATEST BREAKING NEWS ON TELEGRAM” css=”.vc_custom_1534928484642background-color: #44d8dd !important;”]Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.[/vc_cta][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]On June 18, Facebook introduced its own Libra cryptocurrency. The company received support from Visa, Mastercard, PayPal, Uber, eBay, Farfetch and other financial and technology companies. Libra’s global launch will take place in the first quarter of 2020, and testing will begin at the end of 2019.[/vc_column_text][/vc_column][/vc_row]

https://blog.hyip.com/2019/07/facebook-instagram-overrun-with-fake-libra-accounts/

Iran Recognizes Crypto Mining as Industry

Iranian government’s economic committee officially approved cryptocurrency mining as an industry on Sunday. The government now is looking for ways to regulate this activity within national legislation framework.[vc_row][vc_column][vc_column_text]“A mechanism to mine digital coins was approved by the government’s economic commission and will later be put to discussion at a cabinet meeting,” Central Bank of Iran governor Abdolnaser Hemmati said.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]According to deputy minister energy for electricity and energy  Homayun Haeri, government ministers will vote on a measure to approve an electricity rate for mining farms. As a reminder, the Iranian government has called into question whether to approve of mining as an industry or not. Last month, two mining farms were seized and shut down by authorities.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_cta h2=”JOIN TO OUR TELEGRAM CHANNEL” h4=”ALL THE LATEST BREAKING NEWS ON TELEGRAM” css=”.vc_custom_1534928484642background-color: #44d8dd !important;”]Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.[/vc_cta][/vc_column][/vc_row]

https://blog.hyip.com/2019/07/iran-recognizes-crypto-mining-as-industry/

Monday, July 22, 2019

McDonald’s, Nestlé, Virgin Media Join Blockchain Pilot

McDonald’s, Nestlé and Virgin Media have entered a blockchain pilot launched by the Joint Industry Committee for Web Standards (Jicwebs). The companies will take part in the trial during 2019, measuring the impact of blockchain solutions that provide “end-to-end supply chain transparency and clarity around advertising spend.”[vc_row][vc_column][vc_column_text]Further stages of the trial will look to “optimise the supply chain and gain operational efficiencies for all involved.” Jicwebs has partnered with Fiducia for the initiative. If successful, the former will consult the industry on how best to roll it out by 2020.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]“Blockchain technology offers us the opportunity to see a truly transparent picture of our investment across the digital supply chain. We are also eager to understand the potential impact that this may have on our ROI and efficiency,” Kat Howcroft, Senior Media and Budget Manager at McDonald’s said.  “We want our consumers to make an informed decision on their choice of products – to choose products produced responsibly. Open blockchain technology might allow us to share reliable information with consumers in an accessible way,” Magdi Batato, Executive Vice President, Head of Operations, Nestlé, said. [/vc_column_text][/vc_column][vc_column width=”1/2″][vc_cta h2=”JOIN TO OUR TELEGRAM CHANNEL” h4=”ALL THE LATEST BREAKING NEWS ON TELEGRAM” css=”.vc_custom_1534928484642background-color: #44d8dd !important;”]Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.[/vc_cta][/vc_column][/vc_row]

https://blog.hyip.com/2019/07/mcdonalds-nestle-virgin-media-join-blockchain-pilot/

Friday, July 19, 2019

Chinese Police Raided Bitcoin Mining Farm

Eastern China police has raided an illegal bitcoin mining farm  following a surge in local electricity usage. The investigators learned of the theft from a local power provider.[vc_row][vc_column][vc_column_text]More than 20 people participated in the particular mining operation the police had identified. The police, who confiscated 4,000 “mining devices,” allege the mining farm misappropriated nearly 20 million yuan ($3 million) in electricity costs. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]“In value, it is the largest case in the amount of electricity stolen that Jiangsu has cracked since the founding of New China, and a rare sight in the whole country,” Zhenjiang police reportedly said to AFP. Bitcoin mining is still popular in China: 50 percent of the global bitcoin computing power was located in southern China.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_cta h2=”JOIN TO OUR TELEGRAM CHANNEL” h4=”ALL THE LATEST BREAKING NEWS ON TELEGRAM” css=”.vc_custom_1534928484642background-color: #44d8dd !important;”]Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.[/vc_cta][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Cryptocurrency industry has been under heavily scrutiny from the Chinese government since 2017. Back in September 2017, the Chinese authorities implemented a raft of stringent regulations that severely restricted cryptocurrency activities. This included a ban on Initial Coin Offerings and fiat to Bitcoin exchanges. However, Chinese companies remain the largest mining equipment suppliers. [/vc_column_text][/vc_column][/vc_row]

https://blog.hyip.com/2019/07/chinese-police-raided-bitcoin-mining-farm/

Winklevoss Twins May Join Libra Project

Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing the cryptocurrency.[vc_row][vc_column][vc_column_text]“We’re definitely looking at it in earnest and we’re excited about the project. Our feeling is, this is the first of many FANG [Facebook, Amazon, Netflix and Google] companies to have a token project. Our prediction is in the next 24 months almost every FANG company will have a coin or be working on some sort of project,” Cameron told. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]The Libra white paper, unveiled last month, envisions “a competitive network of exchanges buying and selling Libra,” enabling holders to easily convert the coin, backed by a basket of stable government currencies, into local fiat. So far, only one crypto exchange, Coinbase, has joined the Libra Association, whose ranks also include traditional financial players such as PayPal, Visa and Mastercard and VC firms such as Union Square Ventures and Andreessen Horowitz. (Crypto custodian Xapo is also a member.)[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_cta h2=”JOIN TO OUR TELEGRAM CHANNEL” h4=”ALL THE LATEST BREAKING NEWS ON TELEGRAM” css=”.vc_custom_1534928484642background-color: #44d8dd !important;”]Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.[/vc_cta][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Although U.S. lawmakers have so far given Facebook’s global cryptocurrency project an icy reception, even urging the association to halt development, Libra’s vision of a global currency otherwise aligns with the twins’ goals for their own exchange. [/vc_column_text][/vc_column][/vc_row]

https://blog.hyip.com/2019/07/winklevoss-twins-may-join-libra-project/

Donald Trump Criticizes Bitcoin and Facebook’s Libra

Donald Trump has criticized Bitcoin, Facebook’s Libra and other cryptocurrencies. Te president stressed if Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International. [vc_row][vc_column][vc_column_text]“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump wrote on Twitter. Trump’s comments come one day after the Federal Reserve chairman, Jerome Powell, told lawmakers that Facebook’s plan to build a digital currency called Libra cannot move forward unless it addresses concerns over privacy, money laundering, consumer protection and financial stability.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]Powell said the Fed has established a working group to follow the project and is coordinating with other government’s central banks. The US Financial Stability Oversight Council, a panel of regulators that identifies risks to the financial system, is also expected to make a review. As  previously reported, Ethereum co-founder Joseph Lubin called Facebook’s cryptocurrency “a centralized wolf in a decentralized sheep’s clothing”. However, Ethereum co-founder sees some good in the project. He says that in a few years there could be two billion Libra users, and cryptocurrency user experience could be improved in the process.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_cta h2=”JOIN TO OUR TELEGRAM CHANNEL” h4=”ALL THE LATEST BREAKING NEWS ON TELEGRAM” css=”.vc_custom_1534928484642background-color: #44d8dd !important;”]Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.[/vc_cta][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Facebook introduced its own Libra cryptocurrency on June 18. The company received support from Visa, Mastercard, PayPal, Uber, eBay, Farfetch and other financial and technology companies. Libra’s global launch will take place in the first quarter of 2020, and testing will begin at the end of 2019.[/vc_column_text][/vc_column][/vc_row]

https://blog.hyip.com/2019/07/donald-trump-criticizes-bitcoin-and-facebooks-libra/