Thu.Nov 28, 2019

How much tax is lost each year? #defi

Chris Skinner

Building on my discussion yesterday about offshore tax havens and decentralisation to avoid governance in both the physical and virtual world, there’s a more fundamental issue at large here. Tax avoidance.

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Robinhood Bags Bank Charter

PYMNTS

Robinhood has announced that it giving up on its plans to become a federally insured bank. The stock-trading startup is voluntarily pulling its bank charter application with the Office of the Comptroller of the Currency, which was submitted earlier this year.

Things worth reading: 29th November 2019

Chris Skinner

Bitcoin Daily: Charities Support Bitcoin Donation Campaign; Hackers Seek API Vulnerabilities For Crypto Mining

PYMNTS

Crypto-based donations are taking center stage this holiday season with #BitcoinTuesday. The event on Dec. 3 is a take on GivingTuesday, which allows people to make donations to charities. The event launched in 2012 and raised around $400 million in the U.S. last year.

Has Softbank’s Vision fund lost sight as it invests in PayTM $1 Bn raise despite mounting losses?

Daily Fintech

They lost $4.6 Billion with the WeWork deal. They have struggled to raise fund-2. They are now focused on profitability rather than growth. Yet, Softbank fund joined by Alibaba’s Ant Financial pooled in $600 Million for PayTM’s recent $1 Billion fund raise. PayTM is valued at $16 Billion at the end of this funding round. […]. The post Has Softbank’s Vision fund lost sight as it invests in PayTM $1 Bn raise despite mounting losses? appeared first on Daily Fintech.

Why Amazon Picked Pinduoduo To Tackle The Chinese Market

PYMNTS

When you can’t beat ‘em, join ‘em. Or: If at first you don’t succeed … try, and try again. China is a market that most Western firms — especially online marketplaces — covet. But the walls are high. Amazon has learned that firsthand, having shuttered its domestic site in China this past July.

4 Signs You’re Already A Credit Expert

BankBazaar

Wondering how you can be a credit pro? You may already be one! Read on to discover the four signs that can confirm whether you’re a credit expert or not. Oftentimes, we tend to be too hard on ourselves when it comes to gauging our financial situation.

More Trending

AI and Open Banking’s Strides to Transform Lending

Let's Talk Payments

Over the past few years, banking has far transcended from the typical brick-and-mortar system in more ways than one. Read more

Changes Loom Around The (Crowded) World Of Food Delivery

PYMNTS

As the year winds down — and people are more tempted to order food delivery thanks to bad weather or the simple desire to relax during the holiday season — questions about what’s next for the crowded food delivery space are increasing. There is talk about mergers and consolidation even as the world of restaurant delivery platforms keeps expanding. Take just one bit of recent news, this one about GrubHub.

Bitcoin Daily: South Korean Crypto Exchange Loses $49M In Mysterious Transaction; Gladius Crypto Firm Shutters After SEC Settlement

PYMNTS

Crypto startup Gladius Network announced Nov. 22 that it has shut down. The news comes after it settled charges with the U.S. Securities and Exchange Commission (SEC) earlier this year for selling an unregistered security. “We We regret to inform you that Gladius Network LLC has ceased operations effective immediately and has filed for dissolution. Despite our best efforts, the company no longer has funds to continue operations. Our code will remain available on GitHub for the next three months.

This Thanksgiving, Even Butterball Turkeys Ask Alexa

PYMNTS

The old carving knife will appear on countless tables this Thursday (Nov. 28) – and other longstanding Thanksgiving Day traditions will also take place. People will eat too much pie, some will drink too much booze and celebrants of all ages will fall asleep watching football, despite their best efforts to stay awake.

How Tariffs Lead Toymakers To Redraw Asia’s Supply Chains

PYMNTS

Importers around the world continue to reel from ongoing trade disputes that are redrawing supply chains — perhaps permanently — throughout Asia, causing importers and their suppliers across countries like Vietnam and South Korea to scramble. The supply chain changes are opening up new trade opportunities for small to medium-sized businesses (SMBs), but analysts warn importers face a new round of risks with shifting supplier bases. When the U.S.’s

JPMC: CEOs Lack Confidence In 2020 Earnings Growth

PYMNTS

One JPMorgan Chase executive says that CEOs are a bit nervous about earnings growth next year. According to J.P. Morgan Chase regional investment banking head John Richert, CEOs are expressing concerns about delivering earnings growth during increasingly uncertain times, which include slowing growth around the world, the U.S.-China China trade war and the upcoming U.S. presidential election.

SEB Says No Action Needed On Flagged Bank Accounts

PYMNTS

SEB believes there is no need to take further action after the bank was accused of having links to suspected money laundering in Estonia. Earlier this month, the bank revealed that it had been contacted by the Swedish public broadcaster SVT about “suspected money laundering in the Baltics.” SVT has accused Swedbank of a similar offense. But SEB said that SVT’s evidence didn’t amount to much.

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