From Coindesk: FedNow to debut in less than a year (Jesse Hamilton/CoinDesk) The U.S. Federal Reserve has tightened the window for the launch of its FedNow instant payments platform to between May and July of 2023. According to a press release, FedNow will be open to financial institutions of any size, allowing them to facilitate instant
From: zerohedge Goldman has reportedly offered its first ever lending facility backed by BTC as the Wall Street giant deepens its Bitcoin offerings. Goldman Sachs has offered its first bitcoin-backed loan. The arrangement, made popular over the past few years in the Bitcoin industry by newer companies, enables a bitcoin holder to obtain fiat money
By Jorge Vilches for the Saker Blog Russia is currently “defaulting” or — in the best of cases — on a very direct and firm path to an inevitable “default”. Or at least this seems to be what the Western press and international rating agencies are pushing and rooting for, same as specialized academia, think-tanks,
From: zerohedge Three weeks ago, when we predicted that the Yen was about to suffer a "downward spiral" (which it did, and prompted the BOJ to beg Yellen for coordinated currency intervention, only to be denied by the Treasury Secretary who is terrified of what importing even more inflation would mean for Biden's catastrophic approval
From: zerohedge At the end of March, we warned that the "Yen was At Risk Of "Explosive" Downward Spiral With Kuroda Trapped"... Yen At Risk Of "Explosive" Downward Spiral With Kuroda Trapped... And Why China May Soon Devalue https://t.co/8UbeP36cJL -- zerohedge (@zerohedge) March 30, 2022 .... and that, more or less, is what happened with
Authored by Bruce Wilds via the Advancing Time blog, ...Could the euro beat the Yen in the race to the graveyard? Before saying anything else, it is important to note, that when it comes to the major currency, it is safe to assume they are manipulated by the central bank. It is in the best
From The Hill Whenever the White House says it is working on a plan that would transform a vital part of the U.S. economy, and that the administration is doing so with the "highest urgency," it should go without saying that the press should pay close attention to what's going on. Even more importantly, the
Authored by Nick Corbishley via NakedCapitalism.com, Given how much is at stake, this financial revolution is among the most important questions today’s societies could possibly grapple with. It should be under discussion in every parliament of every land, and at every dinner table in every country in the world. Around 90 central banks are either
From CoinDesk The move would be a challenge to the U.S. dollar, which has dominated as the medium of exchange for the oil trade for decades. Saudi Arabia is in discussions with Beijing about pricing some Saudi oil sales to China in yuan instead of dollars, according to a Wall Street Journal report, citing people
From Economist EACH DAY brings new horrors to Ukraine, where Russian artillery fire echoes like thunder across cities and towns. The metropolis of Kharkiv lies in ruins, a victim of two weeks of bombardment. Mariupol, on the coast, has been destroyed. It is too soon to know if a winner will emerge from the fighting.
