China’s Evergrande Group Files for Bankruptcy Protection in the US
Evergrande’s affiliate Tianji Holdings and the company’s subsidiary Scenery Journey have also filed for Chapter 15 protection in the US court.
Evergrande’s affiliate Tianji Holdings and the company’s subsidiary Scenery Journey have also filed for Chapter 15 protection in the US court.
Binance has confirmed the news, stating it would shift its focus to its main products and long-term goals.
The Bank of Russia has promised there will be no obligatory transfer of salaries and pensions to digital rubles when they are finally in use. Similar to cash and non-cash rubles, the digital ruble will also have no expiry date.
The US has been exploring CBDCs, but it has not yet determined whether it will pursue one. The possibility of a digital US dollar itself has provoked serious concerns in the country, with the community’s opinions on this matter divided.
Investors are wondering if there will be a devaluation of the Tesla giant since Elon Musk’s initiatives might lead to competition between the EV maker and new ventures.
The aim of FSB was to provide a regulatory framework that would comply with the principle of “same activity, same risk, same regulation” and cover all possible risks related to crypto activity.
Exchanges that delisted XRP back in 2020 in the wake of the lawsuit filed by SEC are now exploring the opportinities for XRP relisting. Among them are Gemini exchange, Kraken exchange, and Bitstamp.
According to BlackRock, the new macro regime is already offering a number of opportunities, all investors need to do is to be selective within asset classes and benefit from structural shifts, such as the rise of AI, decarbonization and the growth of private direct lending.
The license will allow Ripple to provide better support to its “forward-looking customers”, as well as facilitate the process of building a “more inclusive and borderless financial system”.
The company explained a 17-per cent drop in revenue by a tough macroeconomic environment and a “broad downturn” in the semiconductor sector.
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