The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong

By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk published an op-ed by Dowd Monday,

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The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong

By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk published an op-ed by Dowd Monday,

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China Injects Record $83 Billion to Counter Economic Decline

China’s economy is facing some of its toughest challenges in years. On Wednesday, a day after several Chinese government institutions vowed further stimulus to aid its financial sector, the People’s Bank Of China injected a net $83 billion (560 billion yuan) into open market operations via reverse repo operations — to counter its declining economy.

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Ivanka Trump Dominating World Bank Presidency Story, but Do Bigger Concerns Lie Ahead?

News emerged from the White House on Monday that Ivanka Trump, daughter of US President Donald Trump, is to play an essential role in the identification of the US candidate for the recently vacated position as World Bank President. There are reports circulating that Ms. Trump herself has been under consideration for the role. These

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Citigroup Stock Recovers 5% on Positive Earnings Announcement

Barron’s reported early Monday morning that Citigroup stock had “slumped” after a positive earnings report that also showed a substantial revenue miss, but by the time of writing the trend was reversing on the NYSE. Citigroup (NYSE:C) is the fourth largest US bank with nearly $2 trillion in assets. Citigroup posted earnings of $4.3 billion

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Indian Banks Force Customers to Promise Not to Use Bitcoin

Following new regulatory measures from the Reserve Bank of India prohibiting banks from providing services to cryptocurrency businesses, some Indian banks are taking drastic measures to discourage cryptocurrency adoption, reportedly requiring customers to sign contracts stating that they will not use cryptocurrencies of any kind as part of their new terms of service agreement. Line in

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Alt-Right Twitter Gab Spoke Too Soon: Square Account Now Deactivated

The declaration by free speech social network Gab that the firm was still allowed on Square’s bitcoin-friendly Cash App after being banned on other platforms may have been premature. This emerged after the social media platform that is occasionally referred to as “alt-right Twitter,” over its popularity with extremist right-wingers, disclosed that the personal Square

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‘Almost Lost My Business’: Bitcoin Entrepreneurs Sound Off on Banking Struggles

For the average entrepreneur, verifying that your financial institution hasn’t closed your startup’s bank accounts probably isn’t part of your daily routine. However, if you’re an entrepreneur that runs a bitcoin startup, checking up constantly on one’s banking relationships is just part of the job. That became apparent this week thanks to a Twitter thread

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Institutional Crypto Adoption Grows, But Will Big Banks Make a Splash in 2019?

A top executive in the PricewaterhouseCoopers (PWC) crypto division predicts that more institutional players will announce cryptocurrency projects this year. Henri Arslanian is fintech and crypto lead for PwC China and Hong Kong. He’s also the chairman of the FinTech Association of Hong Kong and a teacher of the first fintech university course in Asia.

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Wells Fargo Says Bitcoin Too Risky for Clients, Pays $575 Million Fine For Scamming Them

Wells Fargo — the third-largest US bank with $2 trillion in assets — will pay a $575 million settlement after admitting that it systematically scammed its own customers for 15 years. Ironically, the fine comes just months after the banking giant dismissed bitcoin as too risky an investment. Pursuant to a nationwide federal investigation, Wells Fargo admitted that its employees opened more than 3.5

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