Not sure if you noticed, but this week the U.S. Congress House Committee on Financial Services had a day investigating stablecoins, led by Chairman French Hill. The hearing was entitled ‘Navigating the Digital Payments Ecosystem: Examining a Federal Framework for Payment Stablecoins and Consequences of a U.S. Central Bank Digital Currency’ , and invited various … Read more
The trade tariff war that Donald Trump introduced on March 3rd has created a situation where the world is at war. Trade war. China responded by saying that they would hit back by imposing 10-15% tariffs on US farm products but, more importantly, have said that they are ready for war … any sort of … Read more
A federal grand jury has indicted a 51-year-old church pastor on 26 counts of fraud, after allegedly using his position to deceive victims into investing in a cryptocurrency investment scam. That in itself would seem unusual, but what is even more bizarre is that the the pastor alleged to be behind the scheme claims that … Read more
A man faces up to 20 years in prison after pleading guilty to charges related to an illegal cryptomining operation that stole millions of dollars worth of cloud computing resources. 45-year-old Charles O Parks III (who went by the moniker “CP30” online) pleaded guilty to wire fraud charges at a federal court in Brooklyn, New … Read more
Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China has borrowed almost as cheaply as the US after returning to the global dollar bond market for the first time in three years. Investors placed nearly $40bn of orders to buy $2bn … Read more
