Digital Dollar: Global Banks, NY Fed to Launch Pilot Amid FTX Crash
About a dozen global giants, including Citigroup, HSBC and Mastercard, announced plans on Tuesday to test use of a digital token for 12 weeks.
Source: businessinsider.com
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Sam Bankman-Fried 'Lied to His Users, His Shareholders, Regulators': Binance CEO
"I think Sam lied to his employees, his users, his shareholders, regulators all around the world and all the users. So yes, he should take most of the blame."
Source: businessinsider.com
FTX Collapse: Larry Summers Compares the Fall of FTX to Enron
The meltdown of FTX is more like the fall of Enron, according to Larry Summers, as accusations of misuse of customer funds mount.
Source: businessinsider.com
Tesla Stock Buyback: Elon Musk Says It Is 'up to the Tesla Board'
Responding to a sharholder's tweet urging a buyback, Musk said, "This is up to the Tesla board."
Source: businessinsider.com
FTX Crash 'Worse Than Theranos, Worse Than Madoff': Former SEC Official
"The contagion is rapidly spreading amongst all of the various crypto ecosystem and that's a serious problem for anybody that's doing anything with crypto."
Source: businessinsider.com