After a high conflicting PMC Bank lockout, Reserve Bank of India has now taken Yes Bank’s reins in its hands. On Thursday, 5th March 2020 RBI declared that it is superseding and taking over the affairs of Yes Bank until April 3rd. Moreover, the central bank has appointed a new Administrator Prashant Kumar to manage...Read More
Renowned venture capitalist, Tim Draper during a recent interview has doubled down on his long-standing bitcoin prediction of $250k. This time, Draper believes this price altitude is achievable within a few years from now. Draper On His $250k BTC Prediction During an interview session with CNBC, popular crypto frontier and bitcoin evangelist, Tim Draper has...Read More
Earlier we had reported that the Bahamas has plans to launch its own digital version of Bahamian Dollar. The initiative is termed as Project Sand Dollar. However, a stipulated time-frame was not decided for this project execution. The latest update is that Central Bank has started the project’s pilot phase in Exuma this 27th December...Read More
Around half of European countries, over 20, now have 0% interest rates and a few are already in negative territory. Ukraine, which has the highest benchmark interest rate on the continent, has just reduced it again, for the fifth time this year. The race between central banks to cut rates, when there is inflation, has...Read More
Banking, in the traditional sense of the term, has become a financial burden for account holders in regions where the era of subzero interest rates has already set in. European nations like Sweden, Denmark, Switzerland, and Eurozone countries have been in negative territory for some time, and banks there have started passing the burden to...Read More
