It is the 17th of September 2019

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World's Largest Oil-Pipeline Company Uncovers Illegal Crypto Mining Operation

The world’s largest oil pipeline company has a cryptocurrency problem.

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Amid Cash Crunch, Qatar Sovereign Wealth Fund May Start Liquidating Stock Holdings

Since we first highlighted the cash-crunch in Qatar over a week ago, the situation has got notably worse (as liquidity costs rise further, signalling Qatar's financial system is running out of dollars).

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The "Black Money" Backlash: These Are The Illegal Workarounds To India's "Cashless" Chaos

Over two weeks after India's abrupt demonetization of high denomination banknotes on November 8, the cash-driven economy still remains largely in a state of standstill, particularly the rural parts of the nation, where the government's attempts to restock banks with "new" cash (even with the use of army helicopters) have failed to re-normalize commerce. As a result, the local population of business owners, unable to spend or deposit their "sackfuls of large bank notes amid India’s crackdown on hoarding cash", is taking matters into its own hands, and as the WSJ explains, has started paying employees months of salary in advance, ringing up bogus sales and even buying gold they can smuggle overseas to get rid of stashed money or conceal its source.

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