Market Extra: Moody’s cuts outlook on U.S. credit rating to negative from stable

Market Extra: Moody’s cuts outlook on U.S. credit rating to negative from stable

Moody’s Investors Service late Friday cut its outlook on the U.S. sovereign credit rating to negative from stable, citing higher interest rates and doubts about the government’s ability implement effective fiscal policies. A negative outlook means that a rating may be cut in the future, but doesn’t mean that it will be. Moody’s continues to … Read more

XC Platforms: The Future Landscape of Cross-Border Payments?

XC Platforms: The Future Landscape of Cross-Border Payments?

The financial landscape is undergoing a transformative evolution, with technology, governance mechanisms, economic forces, and policy actions shaping the trajectory of money. From metal coins to fiat currencies, and paper letters of credit to account-based systems, the history of money has witnessed significant changes. As cash usage declines globally, digital innovation is taking center stage, … Read more

Head of Multibillion-Dollar Crypto Pyramid Scheme Pleads Guilty

Head of Multibillion-Dollar Crypto Pyramid Scheme Pleads Guilty

Irina Dilkinska, the former Head of Legal and Compliance at OneCoin, has pleaded guilty to wire fraud and money laundering charges. This is a significant milestone in the case against OneCoin, a fraudulent crypto operation that duped investors worldwide, leading to billions of dollars in losses. OneCoin’s Head of Legal And Compliance Pleads Guilty OneCoin, … Read more

Celsius cleared to exit bankruptcy and enact recovery plan

Celsius cleared to exit bankruptcy and enact recovery plan

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connect via Access Protocol Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more › Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and … Read more

German parliamentarian dismisses CBDCs in favor of Bitcoin as global digital money debate rages on

German parliamentarian dismisses CBDCs in favor of Bitcoin as global digital money debate rages on

German parliamentarian dismisses CBDCs in favor of Bitcoin as global digital money debate rages on Assad Jafri · 32 mins ago · 2 min read Joana Cotar criticized the digital euro as an unprecedented surveillance risk and sharply questioned its usefulness. 2 min read Updated: November 9, 2023 at 7:21 pm Cover art/illustration via CryptoSlate. … Read more

OneCoin’s Head of Legal and Compliance Pleads Guilty To Wire Fraud and Money Laundering Charges

OneCoin’s Head of Legal and Compliance Pleads Guilty To Wire Fraud and Money Laundering Charges

Source: Pixabay OneCoin’s legal chief pleaded guilty to money laundering and wire fraud charges, according to a statement released today from the U.S. Attorney’s Office for the Southern District of New York. Bulgarian national Irina Dilkinska, 42, faces up to 10 years in prison for her role in OneCoin’s notorious crypto fraud scheme. In a … Read more