Monthly Archive: June, 2020

In 2020 alone, capital outflows from China via bank transfers and other channels exceeded $30 billion in the January-March period. While the question of capital flight being controlled by issuing a digital yuan is debatable, one thing’s evident, China is not looking to embrace the decentralized ethos of cryptocurrencies any time soon. China’s digital currency aspirations are both unprecedented and...

Users in Brazil would be the first to be able to send and receive money by way of a messaging app, using Facebook Pay, the payments service launched by WhatsApp last year. Once WhatsApp announced that it would allow sending and receiving money through its application and had chosen Brazil to be the first country to receive this news. The...

If one thing is certain, it’s that our definition of normal has changed. After months staying at home, cities are reopening—some with masks and social distance, others with still growing numbers of infection. It’s unclear what cities will look like in a year or more, but in many areas, the landscape is already starting to shift. With everybody spread further apart,...

The world’s billionaires and influential businessmen are increasingly speaking on Bitcoin as a hedge and investment while calling out the excessive money printing in the U.S. and uncertainty in financial markets. The latest to tout Bitcoin is media magnate Steve Forbes, chairman and editor-in-chief of Forbes Inc. He believes the currency helps stabilize the government-controlled financial system and urges technological development to...