Trump Takes Aim at the 'Open Skies' Cold War Treaty With Russia

The Open Skies treaty has provided invaluable intelligence for its 34 signatory countries. Now Donald Trump reportedly wants...

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Major German Coop Bank Passes Negative Interest Rates to Customers
Oct09

Major German Coop Bank Passes Negative Interest Rates to Customers

One of Germany’s largest cooperative banks has begun charging its retail customers a negative interest rate. Other major banks could follow suit since the European Central Bank cut the deposit rate to a record low. Deutsche Bank recently said that it needs to be “much more robust about passing on negative rates.” Also read: Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide Berliner Volksbank Berliner...

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Bitcoin Cash Settles More Value Than ETH in Dollars Moved
Oct09

Bitcoin Cash Settles More Value Than ETH in Dollars Moved

Bitcoin Cash (BCH) proponents have recently been discussing the amount of value participants have been sending onchain. For quite some time now, statistics show the BCH chain has been moving more money than the ETH network in terms of USD value sent per day. With extremely low network fees, a good portion of people are choosing to move funds onchain with the Bitcoin Cash network. Also read: Market Outlook: Leading Cryptocurrencies...

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Tether Created ‘Largest Bubble in Human History’ Claims Lawsuit Against Bitfinex
Oct09

Tether Created ‘Largest Bubble in Human History’ Claims Lawsuit Against Bitfinex

A common attack against Tether in the crypto ecosystem is that the stablecoin isn’t really backed one-to-one by the U.S. dollar. We might soon get to know if these concerns are substantial, as the matter is now going to court. A new lawsuit against the operators of USDT accuses them of creating the largest bubble in human history, and causing well over a trillion dollars in damages. Also Read: Banking Giant HSBC Set to Fire...

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Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts
Oct09

Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts

Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated with traditional banking. Also read: Turkish Government Freezes Over 3 Million Bank Accounts Personal Information Put Up for Sale The leak at...

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