City Boston Financial News

01.01 / 16:17

As Infrastructure Windfall Approaches, Transit Agencies Grapple With How to Spend It

BOSTON—Federal money for big transit projects is on its way, and with it a new problem for transit agencies: balancing the need to repair with demands to expand service, while ensuring a windfall doesn’t go to waste.

31.12 / 18:17

As Infrastructure Windfall Approaches, Transit Agencies Grapple With How to Spend It

30.12 / 13:49

As Infrastructure Windfall Approaches, Transit Agencies Grapple With How to Spend It

26.12 / 22:47

CBDC Adoption Federal Reserve Digital Dollar Project Hamilton has concluded, weeks after legislators’ enquiry, according to Boston Fed

Project Hamilton, the research project of the United States Federal Reserve Bank of Boston and Massachusetts Institute of Technology (MIT), announced its conclusion in the runup to Christmas. The two-year project looked at the technical aspects of a hypothetical United States digital dollar central bank digital currency (CBDC).

23.12 / 13:05

Provident Digital Software Boston Fed and MIT shutter CBDC ‘Project Hamilton’

A joint venture in collaboration with MIT, the initiative known as Project Hamilton, was named after Founding Father Alexander Hamilton and MIT and Apollo Mission computer scientist Margaret Hamilton. Boston Fed executive vice president Jim Cunha reveals that the now-concluded project was “agnostic” from the start about any future policy decisions regarding new technologies and US currency.

20.12 / 17:07

BTC Dash Software Bitcoin Support Bitcoin Price Prediction as BTC Touches $16,300 Support – Here Are Some Key Levels to Look Out For

As of December 20, the price of Bitcoin has remained fairly stable and is currently trading at around $16,800. In the past 24 hours, BTC has seen a slight increase of 0.21% and has fluctuated between a high of $16,858 and a low of $16,413. Over the past week, the value of BTC has decreased by about 2.5%.

14.12 / 23:11

Blockchain Podcast The Agenda podcast chats crypto and sex work with WetSpace CEO Allie Rae

What do the cryptocurrency and porn industries have in common? As it turns out, both are frequent targets of the traditional financial system, which has been known to ban the accounts of both crypto traders and sex workers.

13.12 / 07:59

cryptocurrency FTX FTX collapse The parents in the middle of FTX’s collapse

At the height of its corporate power, cryptocurrency exchange FTX convened a group of athletes and celebrities for a charity event in March at the Miami Heat’s NBA arena. Local high school students competed for more than $1 million in prizes, pitching “Shark Tank”-style business ideas to a panel of judges that included David Ortiz, a former Boston Red Sox slugger, and Kevin O’Leary, an actual “Shark Tank” host.

05.12 / 18:29

cryptocurrency bob Deal Backed Fintech Circle terminates $9 billion deal with Bob Diamond-backed SPAC

Cryptocurrency operator Circle Internet Financial said on Monday it has decided to end a $9 billion deal with blank-check firm Concord Acquisition Corp, nearly ten months after an earlier agreement was amended.

05.12 / 12:13

UPS FIVE Activist who called for Credit Suisse break-up says latest overhaul isn’t enough

An activist investor who called for Credit Suisse's break-up five years ago said that the Swiss bank’s new overhaul "barely scratches the surface", and more needs to be done to turn it around.

05.12 / 11:13

Saudi prince sets sights on Credit Suisse spinoff

Saudi Arabia’s crown prince and a US private-equity firm run by Barclays’ former chief executive are among investors preparing to invest $1bn or more into Credit Suisse’s new investment bank, people familiar with the matter said.

14.11 / 09:41

business Blockchain Adoption Congress lawmaker US lawmaker blames 'billionaire crypto bros' for delayed legislation

United States congressman Brad Sherman, a known crypto skeptic, has pointed the finger at “billionaire crypto bros” for slowing down much-needed cryptocurrency regulation.

11.11 / 14:51

Adoption Federal Reserve New York Fed collaborates with Singapore MAS to explore CBDCs

The Federal Reserve Bank of New York’s New York Innovation Center (NYIC) and the Monetary Authority of Singapore (MAS) will launch a joint experiment with wholesale central bank digital currencies (wCBDCs). Regulators are keen to test the wCBDCs potential for cross-border wholesale payments.

04.11 / 18:11

Remark Support Fed’s Collins Signals Support for Slowing Pace of Interest Rate Increase

A Federal Reserve official signaled support Friday for continuing to raise interest rates but at a somewhat slower pace than the central bank has moved this year to avoid risks of too much tightening.

27.10 / 13:21

COST Boutique Credit Suisse’s First Boston spin-out bets boutique pay model will keep top dealmakers

Credit Suisse's investment bank is going back to the future. Its shift to a capital-light dealmaking unit will see the revival of the First Boston name, a brand the Swiss lender acquired as part of its push to become a global investment bank in 1990.

24.10 / 16:35

cryptocurrency Crime Legal Two Americans Jailed for Stealing $330,000 in Crypto by ‘Sim-Swapping’

Two men from Massachusetts, USA, were sentenced last week for what's been described as "an extensive scheme" to take over victims’ social media accounts and steal some $330,000 in cryptocurrency using SIM swapping and computer hacking, among other methods.

24.10 / 08:43

Ethereum Bitcoin Fidelity to beef up crypto unit by another 25% with 100 new hires

$4.5 trillion asset management firm Fidelity Investments is reportedly set to hire another 100 people to bolster the firm's growing digital assets division — a stark contrast to the recent squeezing out of crypto-talent.

04.10 / 15:29

Digital tokenisation The Fintech Files: State Street is all-in on tokenisation – here’s why

When it comes to US custodian banks, they don’t get much bigger than State Street.

27.09 / 09:39

NFT Tokens Crypto Collectibles interview Matrixport Almost everything could be tokenized in 5-10 years — Matrixport co-founder

In five to ten years, almost every “real world” asset class could be tokenized in the form of a nonfungible token (NFT) according to Cynthia Wu, co-founder of digital asset service platform Matrixport.

26.09 / 17:47

Remark Boston Fed President Says More Rate Increases Needed to Cool Inflation

Susan Collins, the new president of the Federal Reserve Bank of Boston, said she is committed to bringing inflation down to 2% even if it means slowing the economy.

15.09 / 21:45

UPS Career CEO Financial 6 money tips from pro athletes Isaiah Thomas and Dexter Fowler — and their financial advisor

HUNTINGTON BEACH, Calif. — Professional athletes are faced with a difficult task early in their careers — learning to deal with big sums of cash as they're thrust into stardom, often at a young age.

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