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Day: December 4, 2019

Dec 04
Asian stocks fall as Trump says trade deal with China may be delayed

Asian Stocks mostly slipped on Wednesday after U.S. President Donald Trump said overnight that he may delay a trade deal with China till after the 2020 U.S. presidential election. Asian Stocks In Japan, the Nikkei 225 fell 1.05% to close at 23,135.23 as shares of index heavyweight Fast Retailing plummeted 5.21%. The Topix index also declined 0.2% to end its trading […]

Dec 04
Robinhood has withdrawn its banking charter application

Robinhood, the US-based commission free stock trading platform has withdrawn its application with the Office of the Comptroller of the Currency (OCG) for bank charter, seven months after submitting the application in April. A successful application would have allowed to fintech to move further into the banking space independently. The withdrawal was reportedly voluntary and […]

Dec 04
British Virgin Islands to launch their own Digital Currency

Blockchain startup LifeLabs announced that it is developing a digital currency dubbed BVI~LIFE in partnership with the British Virgin Islands (BVI). The coin will be a stablecoin pegged 1:1 to the U.S. dollar — which the BVI have used since 1959 — and its use is expected to reduce transactional fees, increase transaction speed and […]

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