Fed Operating Losses Seen Growing With Higher Interest Rates
(Bloomberg) — Higher interest rates could force the Federal Reserve to incur greater operating losses on its portfolio of assets and pause remittance payments to...
Stablecoin less preferable form of tokenized money, BIS paper finds By Cointelegraph
[ad_1] The singleness of money is the assurance that public and private money trade at the same rates. Even small differences between public and private...
Circle and BlockFi questioned on banking with SVB by Warren and AOC By Cointelegraph
[ad_1] Executives at the stablecoin issuer Circle and the bankrupt cryptocurrency lender BlockFi have been questioned by two members of Congress investigating the so-called “mutual...
Fed Official: ‘We Need to Be Cautious’ on Raising Rates After Bank Failures
Potential fault lines surfaced on Tuesday over whether the Federal Reserve should proceed with interest rate increases next month as it studies the fallout from...
GPT-4 apps BabyAGI and AutoGPT could have disruptive implications for crypto By Cointelegraph
[ad_1] A recent spate of applications built on OpenAI’s GPT-4 API has the crypto community buzzing with designs toward the development of a fully-autonomous, self-correcting...
Fed’s Williams Says One More Hike Is ‘Reasonable Starting Place’
(Bloomberg) — Federal Reserve Bank of New York President John Williams said policymakers still have more work to do to bring down inflation and suggested...
Bitfinex Securities El Salvador receives Digital Asset Service provider license in El Salvador By Cointelegraph
[ad_1] Digital asset exchange “Bitfinex Securities El Salvador” has received a digital asset service provider license under El Salvador’s new Digital Assets Issuance Law, which...
Ballooning National Debt Is a Rotten Legacy
William A. Galston writes the weekly Politics & Ideas column in the Wall Street Journal. He holds the Ezra K. Zilkha Chair in the Brookings...
Core Scientific debtors petition bankruptcy court to approve new president By Cointelegraph
[ad_1] The debtors behind bankrupt cryptocurrency mining firm Core Scientific filed a motion for the approval of hiring a permanent president. In an April 10...
70% of Americans feel financially stressed, new CNBC survey finds
Inflation, economic instability and a lack of savings have an increasing number of Americans feeling financially stressed. Some 70% of Americans admit to being stressed about...