The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services provider SIX. Swiss Central Bank Tests Integration of Wholesale CBDC Settlement With Private Banks […]
Inflation is a term that has dominated news, media, and financial headlines all throughout 2021 and continues as we progress into 2022. Many key analysts and economists around the world are concerned about the economic impact the mass amounts of money printing, done in response to the pandemic, is having on economies. Inflation is one […]
Any modern company of any significant size around the world has a data science department, and a data engineer at one company might have the same responsibilities as a marketing scientist at another company. Data science jobs are not well-labeled, so make sure to cast a wide net.
The United Kingdom’s Economic Affairs Committee has shared its views on the proposed plans by the country to launch a Central Bank Digital Currency (CBDC) or digital Pound. (Read More)
As talks about the release of a digital pound by 2025 are yet to happen, British lawmakers are already doubtful that their use could harm financial stability, raise the cost of credit and erode privacy. (Read More)
Human emotions can be a great thing no doubt. They allow us to feel things like happiness, love, empathy, laughter and so on. Feelings like love and joy allow us to enjoy aspects of our crazy journey through this thing called life, while emotions such as fear are what tell us that even though they […]
By FintechNews staff When China’s bitcoin crackdown came into effect, many speculated that the industry would never recover. Amazingly, though, the ban served to highlight both the resilience of the sector and the entrepreneurial spirit of the miners who keep the wheels of the blockchain turning. There are many reasons behind China’s bitcoin ban. […]
Letter From Shanghai No 811 – Digital RMB only This week we feature another guest post from John Browning, founding partner of Hong Kong commodity and financial futures broker BANDS Financial. It’s the latest in his ongoing reporting on the development by the People’s Bank of China (PBOC) of e-CNY, its digital yuan*. We last wrote about it here. On Sunday (01-09-2022), I read a long article published on Yahoo Finance discussing the outlook for the use of cash, which seemed not to mention China at all in its discussion of the emergence of central bank digital currencies. I don’t
Selling your house is a major undertaking, and you may think the best way to get a high return on investment is to handle the entire process yourself. It makes sense that you would first think to avoid a real estate agent or Realtor when selling your home. Many potential buyers also look for properties that are FSBO (for-sale-by-owner). This can lower closing costs and leave both parties with more cash in their pockets. Most agents collect a commission fee from the home seller, which can cost between 6 to 8% of the final sale price. So, if your house closes for $350,000, you could expect to pay between $21,000 to $28,000. On top of what’s left on your mortgage, this could seriously impact how much you take away from the entire deal. However, there are perks to using an agent as well. Agents provide you with a level of … Continued