Crypto Markets News 

Decentralized Secured Loans Network Enables Borrowers and Lenders to Set Their Own Terms

“Nitrogen hopes to increase market liquidity by unlocking diversity in investments across various crypto assets” writes Connor Blenkinsop for cointelegraph.com. Nitrogen says that its product has relevance for crypto users of all backgrounds, whether they are casual users, investors, professional traders, businesses or venture capitalists.Nitrogen says its aim is to help crypto enthusiasts increase liquidity and hedge risks in a secure and simple way, enabling them to leverage assets for their benefit. Source: cointelegraph.com

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News 

PG&E expects capital spending of about $6.6 billion in 2019

“(Reuters) – U.S. power company PG&E Corp said http://bit.ly/2T5NcbG on Wednesday it expected capital expenses of about $6.6 billion in 2019 and $6.9 billion in 2020” writes Midwest Communications Inc for 95kqds.com. In a filing with the U.S. securities and exchange commission, the company said it expects to spend between $5.7 billion and $7 billion annually from 2020 to 2023. The company said on Tuesday it secured $5.5 billion in financing from four banks as it prepares to file for Chapter 11 bankruptcy protection. Source: 95kqds.com

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Walmart secured a patent to eavesdrop on shoppers and employees

“Walmart was granted a patent this week for a new listening system for its retail stores that, if ever deployed, may make some employees and shoppers uncomfortable” writes Dec Est for theverge.com. Walmart’s retail rival Amazon has been busy testing its cashier-less Go retail stores for two years now, of which it now has nine locations.Currently, Walmart doesn’t have plans anytime soon to deploy this system in its retail stores.But it does prove that one of the biggest retailers in the world is actively thinking about the future of shopping…

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News Oil 

Exclusive: Oil giant Exxon secured U.S. hardship waiver from biofuel laws – sources

“WASHINGTON/NEW YORK (Reuters) – The U.S. Environmental Protection Agency granted oil major Exxon Mobil Corp a financial hardship waiver this year temporarily freeing its Montana refinery from U.S. biofuel laws, three sources familiar with the matter told Reuters” writes Midwest Communications Inc for 95kqds.com. The U.S. Renewable Fuel Standard requires refiners to blend biofuels like ethanol into their fuel each year or buy compliance credits from competitors that do.Exxon’s waiver was granted before the review began, and covers its 60,000 barrel-per-day refinery in Billings, Montana, for the 2017 compliance period,…

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News 

UK fintech unicorn Revolut granted European banking license

“U.K. financial technology firm Revolut secured a big victory on Thursday in its quest to shake up European banking” writes unknown author for cnbc.com. The U.K.’s Monzo and Starling have both secured banking licenses in the U.K., while Germany’s N26 received its European license in 2016.Storonsky said the firm plans to apply for a U.K. banking license as well.This is the first banking license Revolut has secured.Revolut announced it was granted a banking license by the European Central Bank (ECB) that it will start to implement next year across key…

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Crypto News 

B2BX Exchange Gets Licence Approval from Estonian Regulator

“B2BX Exchange, a professional digital asset trading platform, has received approval for a regulatory licence from the Estonian Financial Intelligence Unit (FIU), the company announced today” writes Celeste Skinner for financemagnates.com. With the licence from Estonia secured, B2BX Exchange is now looking to attain licences for further jurisdictions.Our users will be able to benefit from an enhanced level of protection, safe in the knowledge that they are dealing with a world-leading, regulated cryptocurrency exchange”.With the licence, it is among the first cryptocurrency exchanges to be completely regulated in Europe. Source: financemagnates.com

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Republicans fear they’ve blown economic message that could have secured victory

“He’s been an effective spokesperson, but have we melded his message with the Republican message of a growing economy as effectively as we could have?” reports washingtonexaminer.com. Republicans are bracing for the loss of the House of Representatives with operatives citing the lack of a coherent economic message and unnecessary distractions as decisive factors.”It’s the economic policies that have changed in Washington, and I don’t think Republicans have made that case very well,” Russo said. Source: washingtonexaminer.com

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Elon Musk says ‘funding secured’ tweet that led to $40 million settlement was ‘worth it’

“A tweet that resulted in a $40 million settlement with the federal government was “worth it,” founder Elon Musk wrote in a post on Friday before announcing he was taking a short break from Twitter” reports washingtonexaminer.com. As part of a settlement with the agency, the 47-year-old entrepreneur and Tesla are required to pay separate $20 million fines.His latest jab comes after a federal judge approved the settlement between the federal government and Tesla.Musk has taunted the agency on Twitter before, once referring to it as the “Shortseller Enrichment Commission.”.…

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