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Pros & Cons of Stablecoins - IMF Stablecoin issuance has doubled over the past two years. The future demand for them could arise from other use cases supported by legal and regulatory frameworks. Stablecoins could increase efficiency in payments through increased competition and also carry risk…
US Banks will not Loan Argentina additional $20 billion - Reuters US banks JPMorgan Chase, Bank of America, and Citigroup were supposed to loan an additional $20 billion to Argentina for a bailout, on top of the $20 billion current-swap the U.S. Treasury and Argentina agreed to in October. These b…
December Fed Rate Cut Doubtful - Reuters Federal Reserve Vice Chair Philip Jefferson said the U.S. central bank needs to “proceed slowly” with any further interest rate cuts as it eases policy towards a level that would likely stop putting downward pressure on inflation. He agreed the central bank’…
Investors pull Record $523 million from BlackRock’s Bitcoin ETF - Reuters Investors pulled roughly $523 million from BlackRock’s iShares Bitcoin Trust (IBIT), marking the fund’s largest single-day withdrawal since its launch. IBIT, the largest spot bitcoin ETF, has attracted strong investor demand…
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