RBI

RBI hits hard on Bitcoin, DeFi, crypto trading platforms

The Reserve Bank of India (RBI) has slammed unbacked crypto assets (such as Bitcoin), stablecoins and decentralised finance (DeFi) and crypto asset trading platforms, underscoring the need for regulatory guardrails to ensure financial stability and consumer and investor protection. Jul 2, 2022
Ben Silbermann

Pinterest appoints Bill Ready as new CEO

Photo-sharing social media platform Pinterest has announced that Ben Silbermann is stepping down as the current CEO and he will be replaced by Bill Ready. Jun 29, 2022
Cryptocurrencies

Stablecoins not stable, have 'no role' as money; warns top banker [details]

As cryptocurrencies get hammered in the economic meltdown, stablecoins -- whose value is pegged to another asset like a fiat currency or a commodity -- are also bad investments and are ill-suited as a form of money, Siddharth Tiwari, the Asia-Pacific head of the Bank of International Settlements (BIS), has said. Jun 28, 2022