Zimbabwe Backs New Digital Money With 140 Kilograms of Gold
・Gold-backed digital money part of efforts to support currency ・IMF has warned the policy may lead to depletion of reserves By Ray Ndlovu May 12, 2023 at 4:28 PM GMT+4…
End of the Billable Hour? Law Firms Get On Board With Artificial Intelligence
Lawyers start to use GPT-4 technology to do legal research, draft documents and analyze contracts By Erin Mulvaney and Lauren WeberMay 11, 2023 11:00 am ET Big law firms, known…
EU could ban large stablecoins
Central banks should veto large stablecoins if they fear they could upend monetary policy, European Banking Authority (EBA) Chair José Manuel Campa said, CoinDesk reported. In the coming months, Campa…
Current Fed hiking cycle most severe in 35 years
The current period of monetary tightening by the US Federal Reserve is not only the fastest, but also the most severe ever, according to a graphic by Visual Capitalist. Such…
PacWest says has $15 billion of immediately available liquidity, investors still nervous
PacWest Bancorp has $15 billion of immediately available liquidity and enough resources to fund its cash flow needs over the next 12 months, it said on Thursday, but shares are…
Credit Suisse CDS Surge as Hedge Funds See Potential Trigger
By Laura Benitez, Erin Hudson and Luca Casiraghi May 11, 2023 at 4:53 AM GMT+4Updated onMay 11, 2023 at 5:29 AM GMT+4 An illiquid corner of swaps insuring Credit Suisse…