PayPal Is Hiring a Blockchain Strategy Director By Cointelegraph


PayPal Is Hiring a Blockchain Strategy Director

Digital payments giant PayPal posted a new job listing on March 23, where the company seeks to hire an Anti-Money-Laundering (AML) and Blockchain Strategy director for their Global Financial Crimes (GFC) division.

According to the company, the new director —based in New York — will be in charge of evaluating blockchain’s use cases for the prevention of financial crimes, such as money laundering and terrorist financing, to supervise the entire AML process.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

April Fools Sees Toilet Paper Token in Short Supply on CoinMarketCap By Cointelegraph


April Fools Sees Toilet Paper Token in Short Supply on CoinMarketCap

It’s April Fool’s day somewhere, or at least in CoinMarketCap’s neck of the woods, as the cryptocurrency data site saw massive volumes for new “Toilet Paper Token.”

A website known for listing cryptocurrencies in order of market cap value, CoinMarketCap, listed Toilet Paper Token (TPT) as number “0” atop its list on March 31, showing a circulating supply of “out of stock.”

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Survey Reveals 87% of IT Professionals Are Concerned With Cryptojacking By Cointelegraph


Survey Reveals 87% of IT Professionals Are Concerned With Cryptojacking

Singapore-based unicorn startup Acronis released its latest cybersecurity survey on March 31 today, highlighting that 86% of IT professionals are concerned about cryptojacking.

According to the 2020 World Cyber Protection Week Survey, there is a growing fear among IT experts in the face of cryptojacking attacks, as the study shows that 30% of personal users and 13% of professional users wouldn’t know if their data or computer’s resources were modified unexpectedly, as such threat does.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

ConsenSys-Associated Agritech Project Covantis Officially Established By Cointelegraph


ConsenSys-Associated Agritech Project Covantis Officially Established

Covantis, a blockchain agribusiness initiative backed by major industry company ConsenSys, has taken another step towards transforming global trade and supply chain operations.

Backed by global agribusiness giants like Cargill and Bunge, Covantis has been officially established as a legal entity in Geneva after receiving all necessary regulatory approval.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Germany faces big growth hit in first half, second-half recovery possible: minister By Reuters


© Reuters. German parliament session on the outbreak of the coronavirus disease (COVID-19) in Berlin

BERLIN (Reuters) – The German economy faces a major setback in the March-May period but there is still a chance it could make up some of that lost ground in the second half of the year, Economy Minister Peter Altmaier told the Rheinische Post newspaper.

“The impact will be very noticeable in the months of March, April and May,” Altmaier told the paper. “In the second half of the year, we still have the chance for recovery and catch-up effects.”

But the outlook was clouded by uncertainty.

“The corona crisis is hitting the United States, one of our most important trading partners, much harder than previously assumed,” he said, adding that Germany would need economic programs after the crisis to stimulate growth.

“However, these will not be classic economic stimulus packages with a flash in the pan, but rather astute structural incentives for investment and innovation,” said Altmaier, a member of Chancellor Angela Merkel’s Christian Democrats (CDU).

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Today’s N95 Facemask Market Is Crazy, But It Helps Us Understand Crypto By Cointelegraph


Today’s N95 Facemask Market Is Crazy, But It Helps Us Understand Crypto

Although the Wild West of crypto historically has involved scams, hype and price gaming, those descriptors are now tacked onto another industry — the N95 face mask market.

“Scrutiny surrounding these deals is high because of ongoing scams and claims of price-gouging, both of which are triggering emotionally charged reactions and fear of making deals,” Forbes contributor David DiSalvo wrote in a March 30 article on the coronavirus pandemic-induced N95 face mask mania.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

French Soccer Star Claims Crypto Scam Impersonated Him By Cointelegraph


French Soccer Star Claims Crypto Scam Impersonated Him

French international soccer striker Kylian Mbappé filed a complaint on March 31 for the unauthorized use of his name on a cryptocurrency scam network, which is being investigated by local authorities.

According to the newspaper L’Équipe, the soccer player, who plays for Paris Saint-Germain, is being impersonated to use his name in advertising campaigns for the alleged scam that involves a cryptocurrency acquisition scheme.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Fed’s Mester says economic data could take a dark turn until virus is contained By Reuters


© Reuters. Cleveland Federal Reserve Bank President Loretta Mester speaks in London

(Reuters) – Reports measuring U.S. economic activity are likely to be “very bad” and the unemployment rate could rise above 10% because of efforts to slow the spread of the coronavirus, Cleveland Federal Reserve Bank President Loretta Mester said on Tuesday.

The Fed is doing what it can to support markets and to set up the economy for a strong recovery after the virus is contained, Mester said during an interview on CNBC.

“How things play out really are going to depend on the course of the virus,” Mester said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Fed Takes on Role of World’s Central Bank by Pumping Out Dollars By Bloomberg


© Reuters. Fed Takes on Role of World’s Central Bank by Pumping Out Dollars

(Bloomberg) — The Federal Reserve is acting as central banker to the world by seeking to provide the global financial system with the dollar liquidity it needs to avoid seizing up.

In its latest measure to combat the economic fallout from the coronarvirus pandemic, the Fed said Tuesday it was establishing a temporary repurchase agreement facility to allow foreign central banks to swap any Treasury securities they hold for cash. That’s yet another step beyond the actions it took in the 2008 financial crisis.

“To the Federal Reserve’s credit, it is playing the role of central banker to the world rather than denying it and trying to ward it off,” said former Fed official Ted Truman, who is now a senior fellow at the Peterson Institute for International Economics in Washington.

The Fed is trying to prevent a liquidity squeeze amid a worldwide rush into dollars, as the virus wreaks havoc on a global economy that is heavily dependent on the greenback as its linchpin.

“A lot of borrowing and commerce and investing is done in dollars,” Julia Coronado, founding partner of MacroPolicy Perspectives in New York and a former Fed economist, said in an interview on Bloomberg Radio. “When you have a dollar crunch, it can turn a recession or contraction in activity into a financial crisis very quickly because the dollar shortage can trigger defaults and deleveraging.”

Emerging-market borrowers are especially at risk. Encouraged by low U.S. interest rates, they’ve loaded up on a dollar-denominated debt in recent years. They now face a squeeze as their exports plummet due to economic shutdowns worldwide to combat the coronavirus contagion.

A significantly stronger dollar can also hurt the U.S. by tightening financial conditions and making American exports more expensive on world markets.

Strains Remain

Investors rushed for the currency this month, pushing the premium paid to swap funding exposure from euros into the dollar to multiyear highs. While the shortage of dollars has since eased, strains remain in emerging markets.

Unlike the currency swap lines the Fed already has in place with selected central banks — and which it employed in the financial crisis — the new repo facility will be open to most foreign central banks and foreign monetary authorities with an account at the New York Fed.

“Almost every country that holds dollars has an account at the Federal Reserve,” Truman said. “My guess is that $5 trillion is held there.”

The New York Fed says it has over 200 account holders, with the vast majority held by foreign central banks and monetary authorities.

The new facility though does lack something the currency swaps provide. While it allows foreign central banks to liquefy their holdings of Treasuries and obtain dollars, it does not add to their reserves. Rather, it just changes their composition.

Krishna Guha, head of central bank strategy at Evercore ISI, said the the repo program should help smaller emerging markets that need to raise dollars to intervene to prevent freefalls in their currencies.

Selling Pressure

It should also lead to less forced selling of Treasuries by those foreign central banks and thus support the Fed’s efforts to restore some semblance of order to the U.S. government debt market, he said in a note to clients.

The Fed nodded to that reasoning in its statement announcing the new program. The facility “reduces the need for central banks to sell their Treasury securities outright and into illiquid markets,” helping stabilize trading in the world’s most secure and important asset, it said.

There are some doubts though about how widely the program will be used. The Fed is charging 25 basis points over the interest rate on excess reserves — currently 0.1% — to buy back U.S. Treasuries. It is hard to know which monetary authorities would opt for the program rather than first trying to sell at market without the extra cost.

The Fed is having to take on the mantle of world central banker because of the dollar’s dominant role in the world economy and the critical importance of the Treasury debt market to the global financial system.

Dominant Dollar

Even though the U.S. was the epicenter of the 2008-09 crisis, the dollar’s role has strengthened since then, in part because the euro’s position has faded due to the ongoing problems of the currency bloc, Harvard University professor Carmen Reinhart told Bloomberg Radio.

Total dollar credit extended to borrowers, excluding banks, climbed to a record $12.1 trillion by last September, Bank for International Settlements data show. That’s more than double the level a decade before. It amounted to almost 14% of global GDP; the ratio back in 2009 was under 10%.

Prior to the latest crisis, some policy makers had warned that the world was becoming dangerously dependent on the U.S. currency.

In a speech to the Kansas City Fed’s annual conference in Jackson Hole, Wyoming, last year, then-Bank of England Governor Mark Carney said the dollar’s position as the world’s reserve currency must end, and that some form of global digital currency — similar to Facebook Inc (NASDAQ:).’s proposed Libra — would be a better option to replace it.

Exorbitant Privilege

Having the dollar as the world’s reserve currency is often described as an “exorbitant privilege” for the U.S. because it allows the world’s largest economy to raise money on international capital markets at lower interest rates than otherwise.

But it has downsides as well, because it tends to push up the value of the greenback, hurting the competitiveness of U.S. exports — a key point of concern for President Donald Trump.

“We are responsible for the dollar for better, for worse,” Truman said. “The dollar is the dominant liquidity of the global financial system.”

©2020 Bloomberg L.P.

 





Source link

Trump signs off on deferring tariffs for most-favored nations for three months By Reuters


© Reuters. U.S. President Trump leads the daily coronavirus response briefing at the White House in Washington

WASHINGTON (Reuters) – President Donald Trump has signed off on a plan to defer U.S. tariffs for most-favored nations for three months, according to a source familiar with the decision.

The plan would not apply to tariffs on Chinese and European goods subject to Section 301 tariffs or to steel and aluminum subject to Section 232 tariffs.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link