Category: Finance

New York City Will Welcome Your Cash With Open Arms

Running a physical business is always a complex undertaking. Especially in New York City, now that cashless payments have been banned completely.  This news is rather surprising, as it has seemingly come out of the blue. Cash Remains King in New York City A legislative proposal to for businesses to accept cash was introduced a while ago. No one really expected it to pass the City Council’s vote, however. Last …
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Stellar-based Startup Lightnet Raises $31.2 Million in Funding

Blockchain technology startups remain a hot commodity. Especially now that China and other nations plan to fully embrace this innovative technology.  Lightnet, a blockchain startup based in Thailand, recently completed a major funding round. A Major Success for Lightnet In the end, the outfit will pocket $31.2 million from a round led by United Overseas Bank.  Other crucial investors include HashKey Capital, Signu Capital, and Seven Bank. Lightnet envisions  a …
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Germany Inches Closer to Nation-wide Negative Interest Rates

Financial trouble has been brewing across the Euro zone for some time. Germany is one of the first countries to force its negative interest rates upon regular consumers. Many people aren’t aware of how all European countries have dealt with negative interest rates for years. Negative Interest Rates are Problematic The ECB has been forcing these rates upon countries for up to five years now. In most cases, that would …
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Poland Buys Back 100 Tons of Gold From the Bank of England

Poland is one of the world’s biggest producers of gold. In a new turn of events, the government decided to flex its financial muscles through an intriguing acquisition.  Most economies around the globe are struggling or in shambles. Poland Stock up on Gold Poland is one notable exception, at least where the official figures are concerned. Its current economy stands at $586 billion and is largely considered to be healthy.  …
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