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Banking giants and New York Fed start 12-week digital dollar pilot

[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 […]

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Democrats’ ‘newest megadonor’ plummets on Election Day, forced to sell crypto company to biggest rival

[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 […]

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‘Stocks and bonds are toast’: Robert Kiyosaki warns central banks can’t fix inflation and that ‘fake’ money is forcing state pensions to pivot — here are 3 real assets he likes now

[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 […]

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China’s yuan drops to weakest level in 14 years and is on track for its worst annual loss since 1994

[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 […]

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