Buck Bully
Financial news
[Fortune] Governments around the world are issuing blockchain versions of their currency—and not everyone is a fan. In countries around the world, central bank digital currencies (CBDCs) are poised to change the way average citizens use money. In the coming decade, billions of people are likely to use CBDCs—a new […]
[CNBC, Getty Images] KEY POINTS Digital currency markets are on edge after a flurry of aggressive regulatory actions from U.S. authorities over the past few days. On Monday, the New York State Department of Financial Services told Paxos to stop minting new Binance USD — or BUSD — stablecoins. The […]
[ISO, Cryptopolitan] About ISO 20022 WHAT IS ISO 20022 A single standardisation approach (methodology, process, repository) to be used by all financial standards initiatives ISO 20022 is a multi part International Standard prepared by ISO Technical Committee TC68 Financial Services It describes a common platform for the development of messages using: […]
[GoBankingRates, iStock] The past year made crypto investors rethink security — and with billions lost through scandals like the FTX collapse, who could blame them? Whether you’re a novice or a veteran trader, your holdings are only as secure as your private keys, which means your choice of wallet might […]
[CNBC, Getty Images] KEY POINTS Crypto.com laid off 20% of its workforce, CEO Kris Marszalek told employees, saying the crypto exchange’s ambitious growth was unable to withstand the collapse of Sam Bankman-Fried’s FTX. Crypto.com, which acquired the naming rights for the former Staples Center in a $700 million deal, said […]
[Reuters] Jan 4 (Reuters) – U.S. prosecutors are in the process of seizing shares of Robinhood Markets Inc (HOOD.O) tied to Sam Bankman-Fried, who has been charged with fraud in the collapse of the FTX cryptocurrency exchange, a U.S. attorney told a judge on Wednesday. The Department of Justice did not believe the 56 […]
[Bloomberg] The Tesla CEO has seen his wealth tumble in recent weeks after shares of the electric car maker tumbled. Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos. The Tesla Inc. chief executive officer has […]
[CNBC, Reuters] KEY POINTS The International Monetary Fund now projects that global GDP growth will slow from 6% in 2021 to 3.2% in 2022 and 2.7% in 2023. Speaking to CNBC’s “Squawk Box Europe” on Tuesday, Lacalle said the potential for a full reopening of the Chinese economy was “the […]
[CNBC, Getty Images] KEY POINTS Crypto exchange Kraken said Wednesday that it will stop operations in Japan next month, blaming a “weak crypto market globally.” The company will deregister from Japan’s Financial Services Agency on Jan. 31, 2023. Kraken has been in cost-cutting mode lately. On Nov. 30, the firm […]
[CNBC, Getty Images] KEY POINTS Retirement reforms contained in a $1.7 trillion omnibus federal spending bill would tweak rules related to emergency expenses. The “Secure 2.0” rules would waive a 10% early-withdrawal tax penalty for savers who pull up to $1,000 from a 401(k) or individual retirement account for a […]