Digital pound could co-exist with private stablecoins — UK central bank
The central bank wants an e-GBP to be retail-focused and could form part of a “mixed payments economy” alongside cryptocurrency stablecoins. Go to Source Powered by WPeMatico
Month: February 2023
North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils
The regime in North Korea has managed to steal more cryptocurrency last year than in previous years, according to a draft U.N. report. Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for crypto theft, to be blamed on the hermit state. Cybercrime Groups Linked to North Korea Get … Read more
US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist
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 the USD “is likely to fall further in 2023 as inflation falls, recession risks decline, and other shocks abate.” PIMCO Strategist Warns About USD Pacific … Read more
Nokia uses the Metaverse to connect remote breweries, train aircraft techs
Once known as a manufacturer of hardy mobile phones, Nokia has been working on developing industrial use cases for the Metaverse. Go to Source Powered by WPeMatico
Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan
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 proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise the debt ceiling.” Bank of America CEO Brian Moynihan … Read more
SBF’s lawyers move to block release of bail guarantors’ identities
The appeal, filed on the last possible day, prevents the names of two bond guarantors for SBF from being revealed until at least Feb. 14. Go to Source Powered by WPeMatico
Investment Manager Predicts Gold Could Hit $3,000 This Year
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 of the firm. “It’s time for people to want to be bullish on gold.” Gold Heading for ‘Record Highs’ This Year Investment firm Goehring & … Read more
Law Firm Subpoenas FTX Co-Founder, Top Executives, and Former Alameda CEO Over Voyager Digital Deal
On Feb. 6, 2023, law firm Kirkland & Ellis issued a subpoena to FTX co-founder Sam Bankman-Fried and top executives on behalf of Voyager Digital. The subpoena requested they produce documents and communications related to the “Alameda Loan Agreement” between Alameda Ventures and Voyager, as well as other important documents. Additionally, Voyager Digital has subpoenaed … Read more
File Transfer Giant Wetransfer Joins NFT Industry, Partners with Blockchain Platform Minima for March Launch of Minting Product
File transfer service giant Wetransfer announced Monday it is collaborating with blockchain platform Minima to offer a non-fungible token (NFT) minting product in March. Wetransfer’s announcement details that users leveraging the Minima cooperative will be able to mint NFTs from a mobile device or computer. Wetransfer and Minima Partnership Aims to Bring NFT Minting to … Read more
Former Coinbase product manager pleads guilty in insider trading case
United States prosecutors have labeled this as the first insider trading case in cryptocurrency. Go to Source Powered by WPeMatico
