The Fed also said it is creating a new supervisory program to oversee the activities of the banks it supervises related to cryptocurrency, blockchain technology and tech-driven nonbank partnerships.
stablecoins are crypto tokens whose value is pegged to a stable asset and are currently mostly used to trade for other cryptocurrencies. publishing giant simon & schuster is to be sold to a private equity giant for $1.6 billion in cash. the deal with investor kkr marks the likely end of a years long saga for owner paramount global, which had been looking for a buyerfor the book company since 2020. competition concerns had scuppered a previous deal, which valued the firm at more than $2 billion. italy s cabinet has approved a 40% windfall tax on banks profits for 2023. with the money thought to be in the billions of euros set to be used to help mortgage holders and cut taxes. according to the deputy prime minister matteo salvini
major financial tech firm to embrace such digital currencies for payments and transfers. stablecoins are crypto tokens whose value is pegged to a stable asset and are currently mostly used to trade for other cryptocurrencies. publishing giant simon & schuster is to be sold to a private equity giant for $1.6 billion in cash. the deal with investor kkr marks the likely end of a years long saga for owner paramount global, which had been looking for a buyer for the book company since 2020. competition concerns had scuppered a previous deal, which valued the firm at more than $2bn. italy s cabinet have approved a 40% windfall tax on banks profits for 2023, with the money, thought to be in the billions of euros, set to be used to help mortgage holders and cut taxes, according to the deputy prime minister, matteo salvini, who criticised the banks for not passing on higher interest rates to savers.