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
Argentina’s opposition calls for Milei’s impeachment after he promoted $LIBRA, a crypto token that surged then crashed, sparking backlash and a government investigation....
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 laureate Eugene Fama warns Bitcoin may be worthless in 10 years, arguing its volatility prevents it from being a viable currency. His remarks reignite the Bitcoin sustainability debate....
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
Elliott Management warns crypto is a speculative bubble driven by hype and White House support, cautioning that its collapse could destabilize the U.S. dollar....