The bank for central banks is expanding its CBDC research while developing a platform to monitor stablecoin balance sheets. The Bank for International Settlements (BIS) will heighten focus on experimenting…
On behalf of Voyager, law firm Kirkland & Ellis subpoenaed four executives from FTX and Alameda requesting an enormous array of documents. Lawyers representing bankrupt crypto broker Voyager Digital have…
The central bank wants an e-GBP to be retail-focused and could form part of a “mixed payments economy” alongside cryptocurrency stablecoins. The United Kingdom is a step closer to launching…
Once known as a manufacturer of hardy mobile phones, Nokia has been working on developing industrial use cases for the Metaverse. From beer breweries on opposite ends of the globe…
Pacific Investment Management Company (PIMCO) expects the U.S. dollar to “continue to lose its appeal as the safe-haven currency of last resort.” The $1.74 trillion asset management firm added that…
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have…
Investment management and advisory firm Goehring & Rozencwajg expects gold to hit record highs this year. “I wouldn’t be surprised to see a $3,000 price this year,” said an executive…
Judge John Dorsey has delayed his decision on whether to appoint an independent examiner in the FTX case. At the latest hearing, Dorsey acknowledged that the cost to debtors could…
