Month: August 2019

The state of Arizona has accepted a blockchain-based, cannabis industry-oriented payments solution into its fintech sandbox. According to a recent press release from the Office of the Attorney General, the company — called Alta — is a cash management solution for licensed medical marijuana providers and vendors. The Arizona-based financial services startup intends to offer a stablecoin that is pegged 1:1 with the United States dollar.  During its sandbox testing phase, Alta will trial its member onboarding and remittances platform. Read more …

A furious Donald Trump took to Twitter to berate Jay Powell after the Fed’s first rate cut in a decade as the Dow collapsed over 300 points. | Source: AP Photo/Evan Vucci The Federal Reserve cut interest rates to 2.25% on Wednesday, a move that you might have thought would please President Donald Trump. However, as the Dow Jones sold off 333 points and the U.S. dollar soared, Trump took to Twitter to berate Jerome Powell for not signaling enough Read more …

Bitcoin (BTC) and the aggregated crypto markets incurred a sudden influx of buying pressure yesterday that allowed them to climb significantly higher. This upwards momentum came about after a long period of downwards pressure that had jeopardized the upwards momentum that the markets had incurred throughout the first half of 2019. Analysts are now noting that this latest movement that sent Bitcoin past $10,000 has led to a massive shift in market sentiment, which could prove to be a negative Read more …