Goldman Poised to Pay More Than $2 Billion in DOJ’s 1MDB Probe
Goldman Sachs Group Inc. has reached a long-awaited pact with the U.S. Department of Justice to pay more than $2 billion for the bank’s role in Malaysia’s 1MDB scandal
Bank of Russia Considers Issuing Digital Ruble, Starts Public Consultations
The Bank of Russia – the central bank of Russia – said it’s exploring the possibilities of issuing the central bank digital currency (CBDC), a digital ruble.
A New Bretton Woods Moment
Today we face a new Bretton Woods “moment.” A pandemic that has already cost more than a million lives. An economic calamity that will make the world economy 4.4 % smaller this year and strip an estimated $11 trillion of output by next year.
All stocks could become tokenized, says SEC chairman Clayton
Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), appears to believe in blockchain technology's power and thinks that all stocks could become tokenized one day.
CFTC charges BitMex with illegally operating derivatives exchange
The United States Commodity Futures Trading Commission, or CFTC, has charged derivatives exchange BitMEX with operating an unregistered trading platform and violating Anti-Money Laundering regulations.
JPMorgan Paying $920 Million to Resolve Market Manipulation Probes
JPMorgan Chase & Co. agreed to pay $920 million and admit misconduct tied to manipulation of precious-metals and Treasury markets, regulators said Tuesday.
The Fed Could be Preparing To Deposit "Digital Dollars" Directly To "Each American"
Over the past decade, the one common theme despite the political upheaval and growing social and geopolitical instability, was that the market would keep marching higher and the Fed would continue injecting liquidity into the system.
Bahamas to Roll Out 'Sand Dollar' Digital Currency Next Month
The Central Bank of the Bahamas has confirmed it is moving ahead with the nationwide launch of its digital currency sometime in October.
BlackRock, Vanguard, and Norway Indirectly Own $110 Million of Bitcoin Ahead of Stock Sell-Off
This huge acquisition of the world’s largest cryptocurrency enabled the Norwegian Government Pension Fund, the Vanguard Group, and BlackRock Fund Advisors to indirectly own more than 10,000 Bitcoin (BTC) altogether.
The Fed could be locked into zero rates for five years, or even longer
Interest rates near zero likely will stay in place not for months but years as the Federal Reserve seeks to reengineer an economy characterized by low inflation and an uneven labor market.
Mastercard Releases Platform Enabling Central Banks to Test Digital Currencies
Payments giant Mastercard has released a platform that allows central banks to test how proposed central bank digital currencies (CBDCs) would work in real life.