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Observers's Observations 366 Articles

Aug 10, 2022 UPD: Tether made a statement in response its portfolio quality allegations

On July 27, Tether made a statement in response to rumours that their portfolio of commercial securities consists of 85% of Chinese or other Asian commercial securities. In their message , Tether put forward several main points:According to the company, misinformation and rumours entail reputational losses, which are now comparable

Observers

Aug 08, 2022 Meta Is Losing Money on the Metaverse, but Still Goes On

Meta, formerly known as Facebook, reported a loss of $2.81 billion on $452 million in revenue from its virtual reality division, Reality…

Observers

Aug 08, 2022 El Salvador Demonstrates Financial Stability Despite Crypto Downturn By Buying Out Its Debt

Nayib Bukele, the President of El Salvador.

El Salvador prepares to buy back its sovereign debt ahead of schedule out of sheer spite.

Observers

Aug 08, 2022 Another Large Brazil Bank Goes Into Crypto

The third largest privately owned bank in Brazil is about to open crypto world for its clients.

Observers

Aug 07, 2022 Damien Hirst Will Burn His Art in NFT Project

One of the richest artist in the UK, Damien Hirst, will burn thousands of his paintings at Newport Street Gallery in London this September…

Observers

Aug 07, 2022 IMF On Kenya CBDC Paper, Commends Caution

IMF returned its comments on the Kenyan Central Bank Digital Currency (CBDC) discussion paper published in February 2022. In the Annex to…

Observers

Jul 31, 2022 US Treasury Research Office Studies Implications Of CBDC On Private Bank Deposits

Todd Keister of Rutgers University and Dr Cyril Monnet of the University of Bern

The Office of Financial Research of US Treasury commissions a study about implications of CBDC on bank’s deposits, possible effects on bank…

Observers

Jul 31, 2022 Dubai’s Metaverse Strategy

The Higher Committee for Future Technology and Digital Economy in Dubai.

Crown Prince of Dubai Hamdan bin Mohammed has launched the Dubai Metaverse Strategy. The strategy “aims to turn Dubai into one of the…

Observers