It’s official: The Federal Reserve Bank of New York announced Tuesday that it and a group of big financial institutions will be testing, over a 12-week period, use of “digital dollars” — the term now often being used to describe a central bank digital currency (CBDC) from the Federal Reserve.
Visualizing FTX’s Balance Sheet Before Bankruptcy
In a difficult year for the crypto space that has been full of hacks, failing funds, and decentralized stablecoins going to zero, nothing has compared to FTX and Sam Bankman-Fried’s (SBF) rapid implosion.
After an astronomical rise in the crypto space over the past three years, crypto exchange FTX and its founder and CEO SBF have come crashing back down to earth, largely unraveled by their misuse of customer funds and illicit relationship with trading firm Alameda Research.
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The Type of Business Every Country Wants to Start
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Every year, millions of new businesses are started across the world—in 2021, nearly 5.4 million new business applications were filed in the U.S. alone.