Tag : fintech

Business

China expands digital yuan network with 12 new banks

manamalive.com
BEIJING: China’s central bank has added 12 banks to the roster of institutions authorized to operate the digital yuan, widening the reach of the e-CNY and lifting the total number of approved operators to 22. The People’s...
Argentina’s Milei in political turmoil over $LIBRA cryptocurrency crash
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Argentina’s Milei in political turmoil over $LIBRA cryptocurrency crash

manamalive.com
Argentine President Javier Milei is facing significant political fallout after endorsing a cryptocurrency token that quickly skyrocketed in value before crashing, leading opposition lawmakers to threaten an impeachment trial. The token, $LIBRA, was promoted by...
Nobel economist says Bitcoin will go bust, questions its utility
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Nobel economist says Bitcoin will go bust, questions its utility

manamalive.com
Nobel Prize-winning economist Eugene F. Fama has made a bold prediction about the future of Bitcoin, suggesting that the world’s most popular cryptocurrency may become worthless within the next decade. Speaking on the podcast Capitalisn’t...
Elliott Management warns of crypto collapse due to White House backing
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Elliott Management warns of crypto collapse due to White House backing

manamalive.com
Hedge fund Elliott Management has issued a stark warning about the cryptocurrency market, describing it as a speculative bubble that is on the verge of an "inevitable collapse." In an investor letter first reported by...