Banking Giant Mizuho Issues Japan S Largest Ever Eur Pegged 800 Million Green Bond

The maturity date for this bond is set for September 5, 2027, offering an interest rate of 3.490%. In the press release, the firm outlined its environmental policy, which aims at limiting the rise of global temperature to 1.5°C, looking to reach Net Zero by 2050. Transition process In an attempt to expand its positive impacts on the environment, Mizuho is looking to push through ¥12 trillion (~$85.3 billion) from 2019 to 2030 that will promote its initiatives....

December 6, 2022 · 2 min · 217 words · Mabel Gunderman

Banking Stocks Rally Stall On Soft Q4 Results Jpm Remains Cautious Of Fintech

However, the soft fourth-quarter earnings reports from big banking giants have halted the upside momentum as the industry group index fell more than 3% on Friday and extended the downtrend into the new week. The losses came after Wells Fargo reported lower than expected results for the fourth quarter and guided a soft outlook for 2021. Moreover, the bank failed to reduce expenses according to previous guidelines. Wells Fargo stock was among the biggest loser, with a drop of 7....

December 6, 2022 · 2 min · 252 words · Melody Cox

Banks Are Actively Investing In Ai Driven Chatbots Projecting To Save Billions Finbold

In particular, artificial intelligence-based chatbots are simplifying human-to-machine interactions in a variety of fields, including contact centers and digital banking. Automated service is benefitting banks, especially with conversational chatbots, since individuals are prone to making errors and misreadings, or service is delayed and occasionally unpleasant. In contrast, AI chatbots can work around the clock; they also never get ill, bored, unproductive, or take any time off. Chabot data Using chatbots in the digital banking and healthcare sectors might save more than $8 billion per year by 2022, according to Juniper’s research....

December 6, 2022 · 2 min · 285 words · Connie Goodwin

Barbados To Become 1St Country Globally With An Embassy In The Metaverse

The plan comes after the Barbadian Ministry of Foreign Affairs and Foreign Trade inked a deal with Decentraland, a popular crypto-powered digital world involved in the metaverse. In line with establishing the embassy, the government is also working on deals with other metaverse projects, including Somnium Space and SuperWorld. An embassy in the metaverse will enable citizens to get consular services virtually. Through the deals, the metaverse projects will assist Barbados in identifying and purchasing land, architecting the virtual embassies, and developing facilities alongside constructing a “teleporter” that will enable users to commute between various worlds....

December 6, 2022 · 2 min · 375 words · June Walters

Big Bitcoin Price Move On The Horizon Anticipated Heading Into October

Based on the recent price movement, Kitco News analyst Jim Wyckoff suggested on September 30 that the drop in Bitcoin volatility could indicate ‘a bigger price move is on the horizon.’ Specifically, the analysts pointed out that the collapsing volatility is a result of Bitcoin recording sideways trading despite the bears having a substantial share of control. On the asset’s prospects, Wyckoff stated that if the price surpasses the September high of around $20,000, the scenario will trigger bulls....

December 6, 2022 · 2 min · 393 words · Juan Holzer

Binance Eyes Expansion Into Russia Says Platform S Eastern European Director Finbold

According to Gleb Kostarev, Binance’s Eastern European Director, the crypto exchange’s entrance into Russia is strategically crucial for the company’s development. He added: Furthermore, the director stated that Binance is anticipating a progressive regulatory approach from Russia, which might serve as a model for comparable rules in adjacent countries. Crypto regulation in Russia Russia has shown a strong desire to control its burgeoning cryptocurrency market. According to the central bank, the total value of cryptocurrency transactions in the nation is around $5 billion every year....

December 6, 2022 · 2 min · 276 words · Annie Cardiel

Bitcoin Miners Receive Access To Waste Gas From Argentinian State Owned Energy Firm

To support this endeavor, YPF, a state-owned energy company in Argentina, has started to supply its leftover gas to an unnamed international cryptocurrency mining company, CoinDesk’s Andrés Engler, reported on October 3. According to Martín Mandarano, the CEO of YPF’s renewable energy branch YPF Luz, a one-megawatt pilot project was initiated in southern Argentina three months ago to supply energy generated from waste gas left over from oil production. Furthermore, Mandarano added that another, larger pilot was in the works, this time an eight-megawatt one and that its launch was planned to take place before the end of the year....

December 6, 2022 · 2 min · 258 words · Dorothy Muffley

Bitcoin Price Prediction For Christmas Day 2022

As it happens, according to the historical data acquired by Finbold, over the last three Christmases, Bitcoin had recorded consistent year-on-year (YoY) growth, starting with the Christmas Eve of December 24, 2018, when its price stood at $4,000. However, taking into account various technical analysis (TA) indicators, Bitcoin’s Christmas bullish trend will not sustain this Xmas 2022, with the asset predicted to trade at $12,117 on December 25, as per CoinCodex....

December 6, 2022 · 3 min · 482 words · Mary Koelling

Boe S Threat Of Negative Interest Rates Will Trigger Investors To Top Up Portfolios

The prediction from the chief executive and founder of deVere Group, Nigel Green, comes as the UK’s central bank on Thursday committed to leaving interest rates unchanged at 0.1% and maintaining its quantitative easing agenda (QE) – the BoE’s programme buying government bonds and corporate bonds. In a statement shared with the Finbold.com editorial team, Mr. Green says: “The UK’s benchmark fell on the Bank of England’s “unusually uncertain” outlook for the economy....

December 6, 2022 · 3 min · 443 words · Jean Allen

Btcusd End Of 2022 Price Forecast Bitcoin Analysis

With this in mind, crypto trading expert Michaël van de Poppe observed that Bitcoin was “still trending down,” facing harsh rejection at $16,800 and $16,600 and testing the block around $16,400. Unless it manages to sweep and reclaim this level, $16,200 could be in play, he noted on December 29. At the same time, several technical analysis (TA) indicators have suggested that Bitcoin could be looking at coming out of its sideways trading pattern and making a ‘large upside move,’ including its historical Fibonacci levels, with the accumulation zone between $16,000 and $22,000 that could trigger this move....

December 6, 2022 · 3 min · 487 words · Patricia Sanchez

Cardano Is Highest Ranking Crypto Brand In The Latest Top Brand Intimacy 2022 Report

In particular, decentralized blockchain Cardano (ADA) has emerged as the top cryptocurrency brand, with a quotient score of 52.6, according to the MBLM Top Brand Intimacy 2022 report. Cardano ranked in the 26th position overall, toppling other mainstream brands like vehicle manufacturer Ford (NYSE: F) and food processing firm Nestle. Elsewhere, Bitcoin (BTC) ranked second among digital asset brands and positioned 30 overall, followed by Polkadot (DOT), with an overall rank of 111....

December 6, 2022 · 2 min · 387 words · Robert Giller

Central African Republic Passes Bill Regulating Cryptocurrencies But Has Yet To Adopt Bitcoin

One of the nations making steps in this direction is the Central African Republic (CAR), which has approved a bill to regulate the use of cryptocurrencies with a unanimous vote of its National Assembly on April 21, the Central African news portal LeTsunami.Net reported. According to the report, the bill was submitted by Justin Gourna Zacko, the country’s Minister of Digital Economy, Post and Telecommunications, with the goal “to establish a favorable environment for the financial sector that meets the needs of the profession in this sector and all economic actors....

December 6, 2022 · 2 min · 337 words · Jason Parry

Challenging Macro Environment Pushes Gold Price Higher

It appears bulls look to be forcing their way back into the gold market in an attempt to regain momentum. Demand for the yellow metal has increased 34% year-on-year (YoY) to 1,234 tones – the highest since Q4 of 2018 and 19% above the five-year average of 1,039 tones. In ‘alternative’ gold investments, namely gold exchange-traded funds (ETF), the strongest quarterly inflows were seen since Q3 2020, in what appears to be fueled by gold’s safe-haven status amid global economic uncertainty....

December 6, 2022 · 2 min · 341 words · Holly Gambrill

Chinese Court Bans Businesses From Paying Salaries In Tether Stablecoin

In issuing the ruling, the court based in Chaoyang maintained that labour laws stipulate that wages should be paid in local Chinese currency since they have no legal status similar to cryptocurrencies, Beijing Daily reported on July 6. This is after a man identified as Shen sued his former employers for not paying his pending wages after the completion of a project. He sued the employer after the dissolution of the company, where the principal shareholders were identified as Hu and Deng....

December 6, 2022 · 2 min · 218 words · George Hinojosa

Covid 19 5G Conspiracies Continue Resulting In Death Threats Censorship

Even though the scientific community has widely condemned and disputed any link between 5G technologies and the spread of the Coronavirus, the conspiracies have continued. 5G Engineers Threatened Things have gotten so bad in the UK that engineers working on 5G towers have been reporting an increasing number of abuse cases against them. According to the BBC, the Communication Workers Union (CWU), which represents nearly 40,000 telecoms engineers, said that engineers had been threatened with violence and even death....

December 6, 2022 · 2 min · 336 words · Ramon Miller

Crypto Community Bearish On The Price Of Xrp By End Of October 2022

As the cryptocurrency sector remains below the $1 trillion mark it had reached in mid-September and most of its assets – including XRP – are struggling to keep out of the red zone, the crypto community predicts more pain ahead for the seventh-largest digital asset by market capitalization. Indeed, the community over at CoinMarketCap has projected that XRP would trade at a median price of $0.4166 by October 31, 2022, according to the data retrieved by Finbold through CoinMarketCap’s ‘Price Estimates’ feature on September 28....

December 6, 2022 · 2 min · 390 words · Margie Moore

Crypto Market Cap Sees 50 Billion Inflow In 24 Hours As Cryptocurrencies Turn Green

Indeed, the crypto market capitalisation has climbed from $864 billion to $914 billion in the last 24 hours, meaning that an inflow of $50 billion has entered over that time, according to CoinMarketCap data. The move reflects a 5.78% climb over the last day, with a total crypto market volume in the previous 24 hours being $58.94 billion, making a 54.81% increase. The celebration of Independence Day in the United States and other national holidays elsewhere across the world caused a number of traditional investment markets to be closed....

December 6, 2022 · 2 min · 322 words · Raul Chandler

Crypto Scammers Reap 9 Million In October Through Fake Youtube Live Streams

According to the research by Tenable, the scammers leveraged YouTube live videos featuring influential figures in the crypto space and profited from promoting fake giveaways involving Bitcoin, Ethereum, Dogecoin, Cardano, Ripple, and Shiba Inu. Bitcoin-related scams recorded the highest returns at $8.2m, while Ethereum scams brought in $413,000. Furthermore, they leverage the popularity of SHIB to earn about $239,000. The research indicates that the scammers deployed three key elements to promote fake crypto giveaways, including the use of notable figures in the cryptocurrency space, cryptocurrencies rising in value alongside newsworthy events....

December 6, 2022 · 2 min · 280 words · Louise Ford

Crypto Week Bitcoin Hits 49K In A Wild Week With Tesla And The Miami Mayor

It started on Monday, Feb. 8, when Elon Musk announced that his company Tesla (NASDAQ: TSLA), had purchased $1.5 billion in Bitcoin. This caused the largest daily gain in BTC prices as it surged by $7,500 to an all-time high, but the fun wasn’t over yet. In early trading in Asia on Friday, Feb. 12, Bitcoin prices hit their highest ever levels of $49,000 according to Tradingview.com. The move marked a 9% gain on the day for the asset which has since retreated to $47,500 at the time of writing....

December 6, 2022 · 2 min · 286 words · Philip Ohara

Crypto Weekend Elon Musk Effect Keeps Bitcoin Prices High Btc Up 93 In 2021

On Sunday, Feb. 21 Bitcoin tapped a new all-time high of $58,350 according to Tradingview.com. Prices have retreated a little as the Monday morning Asian crypto trading session got under way and at the time of writing the asset was trading at $56,100. Bitcoin up 93% in 2021 BTC is currently up 93% since the beginning of this year when it was changing hands for a little over $29,000. The big moves were directly correlated to Tesla’s $1....

December 6, 2022 · 2 min · 396 words · Sarah Ceballos