Crypto Lender Genesis Prepares Bankruptcy Filing As Negotiations With Creditors Stall
Genesis Global Capital is filing for Chapter 11 bankruptcy after failing to reach an agreement on repaying the $3 billion it owes creditors. The company…
Food Prices In The UK At 45-Year High As Cost Of Living Crisis Deepens
As inflation numbers in the UK continue to fall, the price of food items are surging. Annual CPI inflation dropped from 10.7% in November to…
What Happens When The U.S Hits Debt Ceiling?
The U.S is running out of time to increase its debt limit. If the Congress, Senate and White House do not reach an agreement by…
Shanghai Begins Metaverse Pilot By Introducing Virtual Reality Services In Urban Hotspots
China’s largest city has begun the pilot program for its Metaverse project by offering digital services in 20 urban hotspots. The initiative is part of…
BIS Economists Lay Out Policies For Authorities To Adopt Regarding Crypto
The Bank For International Settlements (BIS) has released a bulletin addressing the risks posed by cryptocurrencies. Economists at the central bank-run institution have recommended three…
When Will The Next Cost Of Living Payment Be Made And Who Is Eligible?
The Department of Work and Pensions (DWP) has confirmed that the new round of cost of living payments will be given out starting spring 2023….
Alameda Liquidators Recover $11.5 Million, But Lose $4 Million In The Process
Arkham Intelligence says liquidators removing the ex-crypto market maker’s DeFi positions have recovered $11.5 million in DAI and USDC, while incurring massive losses that were…
Brazilian Bank Bradesco Launches First Tokenized Credit Note
Bradesco has made its first tokenized asset transaction on the blockchain in a pilot program. The second largest bank in Brazil transferred $1.25 million worth…
Crypto.com Partners With Climeworks To Become A Carbon Neutral Company
The Singapore-based cryptocurrency exchange has partnered with Climeworks to neutralise its carbon emissions. In 2021, Crypto.com set an 18 month target to become a carbon…
Why Are Teachers And Nurses Across the UK Protesting?
The National Education Union (NEU) representing school teachers, and the Royal College of Nursing (RCN) representing NHS nurses are going ahead with the industrial action…