The International Monetary Fund and the World Bank have launched a private testing of the private blockchain and “quasi-cryptocurrency” called Learning Coin, which has no real value and is not a classic cryptocurrency. According to the Financial Times, this cryptocurrency is available only to employees of the IMF and the World Bank and serves exclusively educational purposes, involving the study of the possibilities of the blockchain and digital assets. Employees will need to use a specially created application for studying materials on digital currencies in the form of lectures, video and audio. For certain stages of learning, they will receive digital assets, which will later be allowed to redeem.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...