State Massachusets Financial News

30.11 / 15:31

NOT U.S. Not Seeking Decoupling From China, Commerce Chief Says

WASHINGTON—The U.S. isn’t seeking to decouple from China, U.S. Commerce Secretary Gina Raimondo will assert Wednesday, even as she emphasizes steps the U.S. is taking to safeguard its technology to ensure its economic competitiveness.

16.11 / 02:41

Government Law SEC consequences Will SBF face consequences for mismanaging FTX? Don’t count on it

Will former FTX CEO Sam Bankman-Fried be held accountable for his mismanagement of investor funds?

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.

09.11 / 13:29

cryptocurrency Binance fall Biggest fall in fortune ever: 30-year-old crypto CEO loses ‘billionaire’ status overnight

FTX CEO Sam Bankman-Fried lost his billionaire status overnight as his personal wealth plummeted nearly 94% to $991.5 million in a single day. It marks the biggest wealth collapse of a billionaire ever in a single day, according to Bloomberg.

27.10 / 19:29

LUNC Terra Luna Terra Luna Classic Price Prediction – Is LUNC a Good Investment Now?

Terra’s Luna Classic (LUNC) has recently seen a price increase that took it from the lowest point this month, at $0.0002282 to $0.0002513. While a fairly low increase, it is still notable, as it suggests that the project might be recovering, especially after recent news involving a 4-year plan to bring back value to the token.

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.

13.10 / 19:57

Blockchain CEO Bitcoin safe Senators Democrat Senators call Texas ‘Deregulated Safe Harbor’ for Bitcoin miners

A group of seven U.S. senators from the Democratic Party, led by Massachusetts Senator Elizabeth Warren, have called Texas a ‘deregulated safe harbor’ for Bitcoin miners.

23.09 / 18:59

business Football Blockchain infrastructure firm Chain will sponsor New England Patriots football team

Chain, a blockchain infrastructure firm that offers developers Web3 services to build and maintain blockchain-based applications, will sponsor the New England Patriots football team as well as other venues and sporting clubs controlled by the Kraft Group.

20.09 / 22:49

Government regulation sanctions Mixers Crypto mixers US Treasury official says crypto mixers are a 'concern' in enforcing sanctions

Elizabeth Rosenberg, the assistant secretary for terrorist financing and financial crimes at the United States Department of the Treasury, suggested sanctioning cryptocurrency mixers could help strengthen the government’s response to foreign entities looking to use digital assets for illicit means.

12.09 / 07:17

500 Covid-19 Illnesses Are Keeping at Least 500,000 Workers Out of U.S. Labor Force, Study Says

Illness caused by Covid-19 shrank the U.S. labor force by around 500,000 people, a hit that is likely to continue if the virus continues to sicken workers at current rates, according to a new study released Monday.

25.08 / 00:57

business Twitter Digital Sam co-CEO Alameda Research co-CEO Sam Trabucco resigns, Caroline Ellison will become sole head

Alameda Research co-CEO Sam Trabucco announced his resignation Wednesday on Twitter. Trabucco said co-CEO Caroline Ellison will become CEO, and he will remain in the capacity of adviser. Alameda Research is the quantitative trading company set up by FTX crypto exchange founder Sam Bankman-Fried in 2017.

13.08 / 17:41

co-CEO Former Deutsche Bank co-CEO Anshu Jain dies at 59

Anshu Jain, an Indian-born investment banker who rose to the role of co-CEO at Deutsche Bank, died last night after a long battle with cancer, his family announced in a statement Saturday. He was 59 years old.

29.07 / 11:38

Adoption Investments Bitcoin Senators Democratic senators chide Fidelity Investments for BTC-exposed retirement funds

Three United States senators have written to Fidelity Investments CEO Abigail Johnson demanding an explanation for the financial services company’s decision to include Bitcoin-exposed funds in its 401(k) retirement plans. “This decision is immensely troubling,” they wrote.

15.07 / 00:53

Space Science Strange ‘heartbeat’ signal picked up by astronomers from a galaxy far, far away

Astronomers have detected a strange radio signal that emits periodically “like a heartbeat” and is coming from the depths of space.

01.07 / 00:09

regulation Congress Women lawmakers US lawmakers US lawmakers say crypto industry has a 'tech bro' problem hurting innovation

According to some United States lawmakers in the House Financial Services Committee, the lack of diversity in the financial technology space could be hurting many companies’ bottom lines.

10.06 / 11:27

regulation Investments Bitcoin Regulation place Yellen doubts crypto’s place in 401(k), says Congress could regulate

The Secretary of the United States Treasury, Janet Yellen, weighed in on including cryptocurrencies in retirement plans, calling them a very risky investment that should be regulated by Congress.

29.05 / 09:09

UPS Dreams How the TerraUSD crash made savings vanish and dreams disappear

TerraUSD was touted as a blue-chip cryptocurrency. Now its investors are reeling from painful losses and asking if it was all a get-rich-quick scheme.

27.05 / 15:41

UPS Dreams How the TerraUSD crash made savings vanish and dreams disappear

TerraUSD was touted as a blue-chip cryptocurrency. Now its investors are reeling from painful losses and asking if it was all a get-rich-quick scheme.

26.05 / 23:39

Blockchain CBDC Adoption regulation Future committee Brainard tells House committee about potential role of CBDC, future of stablecoins

United States Federal Reserve vice chair Lael Brainard submitted a written statement in advance to the Financial Services Committee's virtual hearing, "On the Benefits and Risks of a U.S. Central Bank Digital Currency (CBDC)," that took place Thursday. That was a sound strategic move, considering that more than 25 legislators lined up to ask questions.

20.05 / 00:09

Government Stablecoin Federal Reserve vice chair Biden's pick for Fed vice chair for supervision calls for congressional action on stablecoins

Michael Barr, a law professor and former advisory board member of Ripple Labs who is United States President Joe Biden’s pick for vice chair for supervision at the Federal Reserve, called for U.S. lawmakers to regulate stablecoins in an effort to address “financial stability risks.”

13.05 / 07:47

business Blockchain Adoption education TZ APAC’s Colin Miles: Blockchain will be taught in classrooms in 3-5 years

Colin Miles, the newly-appointed CEO of TZ APAC expects blockchain and web 3.0 curricula to start becoming an integral part of secondary and tertiary education within the next three to five years.

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