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[Reuters] NEW YORK, Nov 15 (Reuters) – Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday. Citigroup Inc , HSBC Holdings Plc (HSBA.L), Mastercard Inc (MA.N) and Wells Fargo & Co (WFC.N) are among the financial companies participating in the experiment […]
[FOXBusiness] Sam Bankman-Fried, CEO of crypto exchange FTX, forced into bailout sale after seeing $6B in withdrawals ahead of Tuesday FTX cryptocurrency exchange was unexpectedly hit with a mass liquidity crisis on ‘The Claman Countdown.’ Sam Bankman-Fried, the CEO of crypto exchange FTX considered the Democrats’ “newest megadonor” ahead of the 2022 […]
[MoneyWise] Bank of England recently bought £19.3 billion of U.K. government bonds to prevent a collapse in the country’s pension industry. In the eyes of Rich Dad, Poor Dad author Robert Kiyosaki, that’s a sign to acquire three specific alternative assets. “Bank of England pivot means buy more GSBC,” he […]
[Yahoo! Finance] Walmart (WMT) made headlines late last year, when the company sought several new trademarks that signaled its intent to make and sell virtual goods in the metaverse. Now, the retail giant’s Global Chief Technology Officer says crypto transactions will be right “in the middle” of its digital strategy […]
[Markets Insider, AP] China’s yuan dropped to its lowest level versus the dollar since 2008. The onshore currency weakened to 7.2409 per dollar, its lowest in 14 years. Beijing must navigate a weakening currency, a real estate crisis, and disruptive COVID-19 lockdowns. China’s yuan weakened to its lowest mark against […]
[CNBC, Getty Images] KEY POINTS The EU’s common currency was trading around 0.9911 versus the dollar by 10:00 a.m. London time (5:00 a.m. ET), having climbed off lows of $0.9881 hit earlier in the day. On Friday, Russian energy supplier Gazprom announced it would not resume its supply of natural gas to […]
[TMZ, Heritage Auctions] In search of more, rare Michael Jordan-era memorabilia? Horace Grant‘s got ya covered — ’cause TMZ Sports has learned MJ’s former Chicago teammate’s three title rings he won with His Airness in the early 1990s are up for auction. The rare items come from the Bulls’ first 3-peat in 1991, 1992 […]
[ABC NEWS] Jake Freeman reportedly borrowed $25M from family, friends and invested it all in the company. LOS ANGELES — A 20-year-old student at the University of Southern California took a gamble and it paid off big. According to reports, Jake Freeman, a math and economics major at USC, netted more […]
[CNN] The chase for the second-largest Mega Millions jackpot has ended — with a single ticket sold in the Chicago area for the whole $1.337 billion. One ticket bought in Des Plaines hit the top prize in Friday night’s drawing, according to the Illinois Lottery, securing the third-largest jackpot of any US lottery game and […]
[Fortune, Solana Spaces] In the expansive world of Web3, there isn’t much use for anything IRL, right? Wrong. Just ask the team behind Solana, which is opening a permanent physical retail space dedicated to all things tied to its cryptocurrency. Located at The Shops, a fancier-than-average mall at Hudson Yards in […]