ECB president warns central banks could “losing control” without CBDCs

ECB president warns central banks could “losing control” without CBDCs

European Central Bank’s (ECB) president Christine Lagarde said that Central Banks might lose relevancy if they fail to adopt central bank digital currencies (CDBC), according to a clip shared by Twitter news outlet Radar. ECB on CBDCs Lagarde reasoned that Central Banks are perceived as “monetary anchors” by commercial banks, which mandates them to stay […]

Michael Novogratz calls 2022 a ‘formative year’ as Galaxy Digital reports $1 billion loss

Michael Novogratz calls 2022 a 'formative year' as Galaxy Digital reports $1 billion loss

Canadian-listed crypto investment firm Galaxy Digital missed analyst expectations with the release of its fourth-quarter results. The company, which trades in Toronto under the ticker GLXY, reported a net loss of $1 billion for 2022 compared with $1.7 billion in profit achieved in the prior year. It also reported a $288 million loss for the […]