Joseph Lubin, the co-founder of Ethereum, blasted regulators for comparing the ether cryptocurrency to a security, claiming that it is more comparable to a commodity like oil. At Paris Blockchain Week on Thursday, Lubin stated he was “quite certain” ether… Read More ›
Evergrande, a troubled Chinese real estate behemoth, has unveiled plans to restructure $20 billion in offshore debt, which might serve as a template for other suffering developers. According to the company, the actions will aid in “efforts to resume operations… Read More ›
The $61 billion merger between American chipmaker Broadcom and VMware could increase the cost of servers, according to Britain’s competition watchdog, who threatened to refer the matter to an in-depth investigation if its concerns weren’t addressed. Last year, Broadcom decided… Read More ›
On Tuesday, tensions over Air India’s plans to become a global airline with hundreds of new jets erupted as foreign carriers clamoured for increased access to the fastest-growing economy in the world. Since India’s flag carrier was sold to the… Read More ›
In the midst of a dark winter at the beginning of the year, bitcoin was in bad shape after a 2022 marked by falling cryptocurrency prices, corporate scandals, and bankruptcies. In fewer than three months, bitcoin has regained its luster…. Read More ›
The International Monetary Fund (IMF) has agreed to provide Sri Lanka with a $3 billion bailout as it navigates its worst economic crisis since gaining independence. The agreement, which has been in development for almost a year, is a lifeline… Read More ›
After UBS saved Credit Suisse through a government-mediated rescue, which tarnished the nation’s long-held pride in its banking prowess, Switzerland awoke to a new era on Monday. An association of bank employees expressed its shock at the potential outcomes of… Read More ›
Finally receiving approval from the IMF for a $3 billion rescue package for Sri Lanka, the island nation can now restructure its debt and expect economic growth in 2024. The IMF’s decision will allow for the immediate disbursement of a… Read More ›
In order to maintain ample liquidity and support a nascent economic recovery, China’s central bank announced on Friday that it would reduce the amount of cash that banks must hold as reserves for the first time this year. Chinese leaders… Read More ›
Following the failure of Silicon Valley Bank and Signature Bank, banks requested unprecedented amounts of emergency liquidity from the Federal Reserve, which helped undo months of central bank efforts to reduce the size of its balance sheet, according to Fed… Read More ›
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