A group of cryptocurrency enthusiasts is aiming to raise $4 billion to buy NFL team the Denver Broncos through a Decentralized Autonomous Organization (DAO), or a group of individuals who act without a leader and rely on crypto technologies to track and validate its inner workings. DAOs use smart contracts and are built on blockchain…
Crypto Enthusiasts Raising $4 Billion to Buy NFL Team Using Autonomous Organization
Euro Gains, Dollar Eases on Potential Biden-Putin Summit
LONDON—The euro rallied and the dollar retreated on Monday as investors pulled capital away from safe havens after President Joe Biden and Russian President Vladimir Putin agreed in principle to meet to discuss the crisis in Ukraine. The euro rose 0.5 percent to $1.1376 after losing some ground in early trade while the dollar index…
Fed’s Brainard Sees Case for US Central Bank Digital Currency
Federal Reserve Board Governor Lael Brainard on Friday laid out a case for the role a U.S. central bank digital currency could play in bolstering financial stability as the use of stablecoins and cryptocurrency grows and other countries issue their own CBDCs. “It is essential that policymakers, including the Federal Reserve, plan for the future…
JPMorgan, Toshiba, Ciena Find New Way to Protect Blockchain With Quantum Network
NEW YORK—A team of quantum computing engineers from JPMorgan Chase & Co., Toshiba Corp. and Ciena Corp. say they have successfully shown that a powerful, newly-developed encryption network can be used to protect communications on the blockchain, according to a paper published Thursday. The group of researchers say it is the first time that a…
Mastercard Launches New Consulting Service Including Crypto Adoption Strategies
Payment processing behemoth Mastercard Inc. is launching a new consulting service dedicated to Open Banking, Open Data, Crypto & Digital Currencies, and Environment, Social & Governance (ESG). What Happened In a Tuesday announcement, Mastercard wrote that it is expanding its consulting business with services that include an explicit dedication to the cryptocurrency space. Raj Seshadri—the firm’s Data & Services President—promised…
Dollar Falls for Second Day as Investors Worry Less Over Ukraine
LONDON—The U.S. dollar fell for a second day on Wednesday as investors became less worried about the risk of Russia invading Ukraine and awaited the release of minutes from the U.S. Federal Reserve’s January meeting. European equity markets were mixed, having rallied on Tuesday after Russia said it would withdraw some troops from Ukraine’s border….
Crypto Firm BlockFi to Pay Record Penalty to Settle US SEC, State Charges
WASHINGTON—A subsidiary of crypto company BlockFi Inc. has agreed to pay $100 million to the U.S. Securities and Exchange Commission (SEC) and 32 states to settle charges in connection with a retail crypto lending product the New Jersey company offered to nearly 600,000 investors, regulators said on Monday. The charges come as U.S. regulators, worried…
Euro Marches Higher on Russia Troops News; Yen Struggles
LONDON—The euro rebounded on Tuesday, nearly erasing all of Monday’s losses, while the dollar’s losses deepened after reports some Russian troops in areas near Ukraine have started returning to their bases. Against the greenback, the single currency climbed 0.4 percent to $1.1354, and within striking distance of Monday’s high of $1.1369, as European stock markets…
Dollar Hits Two-Week High on Tensions Over Ukraine
The dollar rose on Monday along with the yen and the Swiss franc as investors rushed into safe-haven assets amid fears that Russia is preparing to invade Ukraine. The move came a day after the United States said Russia could attack Ukraine at any time. Russia has denied having any such plans though a senior…
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Coast-to-Coast Parents Reject Progressive Agenda in Schools; NY Sued for Medical Racism
In liberal San Francisco this week, three far-left school board members were voted out of a job in a landslide recall election. Eric Eggers, vice president of the Government Accountability Institute describes the growing backlash against the progressive take-over of schools boards and teachers’ unions. Then, in America Q&A we ask people across the country…