The G20 finance ministers and central bank governors recognize that cryptocurrencies pose major risks to financial stability, monetary systems, and cyber security, India’s central bank governor reportedly said. Crypto regulation was among the key topics discussed during the G20 meeting over the weekend. G20 Agrees Crypto Poses Major Risks to Financial Stability, Says RBI Governor
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has detailed why he considers all crypto tokens other than bitcoin as securities. While acknowledging that crypto tokens may have different setups, he stressed that “at the core, these tokens are securities.” SEC Chair Believes All Crypto Tokens Other Than Bitcoin Are Securities The chairman of
A whopping 80% of American adults believe the financial system favors those with “powerful interests,” while 20% currently own cryptocurrency, a new survey has revealed. Commissioned by crypto exchange Coinbase, the February online survey of more than 2,000 American adults found that 80% of respondents said the “global financial system unfairly favors powerful interests,” while
Hong Kong, one of the last places in the world to impose tight Covid-19 restrictions on face coverings, will drop its mask mandate from Wednesday. John Lee, the Chinese territory’s leader and former top cop, said requirements to wear a mask indoors, outdoors and on public transport would be scrapped. “With the lifting of the
Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023, Coinbase announced that
In this article OXY” WDAY ZM HIMS Follow your favorite stocksCREATE FREE ACCOUNT Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Check out the companies
Trezor, the manufacturer of crypto hardware wallets, has announced that it will take control of its wallet chip production process by producing its own silicon chips. The company states that the newly designed “chip wrapper” will enhance device security and considerably shorten lead times for mass production. Trezor ‘Unpacks Process’ and Produces Its Own Silicon
Municipals were little changed, no more than a basis point or two in spots, while U.S. Treasuries were better and equities ended up. The three-year muni-UST ratio was at 62%, the five-year at 63%, the 10-year at 66% and the 30-year at 91%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had
MassachusettsGov. Maura Healey unveileda tax relief proposal Monday, a key feature of her administration’s fiscal year 2024 budget due to be presented to lawmakers on Wednesday. “This proposal centers affordability, competitiveness, and equity each step of the way, delivering relief to those who need it most and making reforms that will attract and retain more
Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain. At the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors’ hope for a soft landing and a possible averted recession in the
The Chicago Civic Federation named Sarah Wetmore to serve as acting president during a search for a permanent leader for the research organization after the unexpected Feb. 4 death of Laurence Msall. Wetmore, the federation’s vice president and research director, worked closely with Msall. Wetmore will assume Msall’s former duties including serving as the spokesperson
The University of Minnesota plans to ask the state for $950 million to acquire and operate its flagship academic health care facilities now operated under an affiliation agreement with Fairview Health Services. Fairview plans to merge with South Dakota-based Sanford Health. The university, which previously said it intended to seek state help but had not
After months of secret negotiations the UK and the EU on Monday published the text of their new deal to refine post-Brexit arrangements for Northern Ireland. Totalling more than 100 pages, the deal — called the Windsor Framework — sets out ways to smooth the working of the so-called Northern Ireland Protocol, which has soured
The U.S. Department of Housing and Urban Development (HUD) today announced $5.6 billion in funding will go to 1,200 communities through more than 2,400 grants to states, urban counties, insular areas, Washington, DC; Puerto Rico and local organizations across the country. These annual formula grants provide critical funding for a wide range of activities including
It is becoming increasingly popular to have a freestanding bathtub and shower in a glass enclosed area or in just an open space. These can be apart from the sink and toilet in the bathroom in a separate enclosure or they can be freestanding with no enclosure. Bath/shower combinations have been very popular in Japan
Puerto Rico Electric Power Authority bankruptcy Judge Laura Taylor Swain will hear arguments on whether the proposed plan of adjustment is unconfirmable on unequal treatment grounds. Parties should be ready to discuss, as argued by PREPA bank trustee U.S. Bank National, whether the board’s plan is “patently unconfirmable” because the bond’s trust agreement precludes “individualized
Chicago Public Schools will tap its investment-grade dedicated capital improvement tax credit for the first time in five years in a $529 million issue pricing Tuesday. The Dedicated Capital Improvement Tax bonds, which offer several layers of protections that insulate pledged revenues from the school district’s operations, carry an A rating and stable outlook
British scientists on Monday welcomed the prospect of the UK’s long delayed re-entry into Horizon Europe, the EU’s €96bn science programme, following the deal between the two sides over post-Brexit trading rules for Northern Ireland. At a press conference setting out the “Windsor framework”, Ursula von der Leyen, European Commission president, described the accord as
Since Britain’s exit from the EU in 2020, special trading rules for Northern Ireland have been the source of rancour and division. The so-called Northern Ireland protocol was poorly negotiated, then partially disowned, then nearly overridden by the UK, threatening a trade war with the EU. Reforms to the protocol agreed by Prime Minister Rishi
Homes owned by Black families appreciated more than any others since the start of the pandemic, with the typical Black homeowner gaining nearly $84,000 in equity. Black Americans also made slight gains in homeownership rates, despite disproportionate job and income loss. The gap between the typical Black home owners’ value and the value of the
Following a brief downturn in mid-February 2023, artificial intelligence (AI) crypto assets have continued to see gains over the last 30 days. Currently, out of 74 listed AI-focused cryptocurrencies, the net value of all these tokens has risen to more than $4 billion, which accounts for 0.37% of the entire crypto economy’s value. Majority of