Fed Board Prohibits Member Banks from Holding Cryptoassets as Principal

A new US Federal Reserve rule has further cemented the central bank’s wariness about cryptoasset activities. A statement issued by the board of governors of the Federal Reserve System on Tuesday clari...

FED may prohibit state banks from holding cryptos as principal 

The Federal Reserve System stated that it intends to presumptively prohibit state banks from holding crypto-assets as principals without permission from the Fed and OCC. In an updated guide issued on ...

Stronghold Digital to Reduce Principal Debt by $18 Million

Stronghold Digital Mining disclosed its intent to extinguish $17.9 million of principal debt by converting Notes to equity. According to an SEC filing, Stronghold will extinguish amended notes worth $...

Don’t Let Them Fool You—Here’s Why Bond Funds Are Not Bonds

getty You may have noticed a series of articles appearing throughout the year lamenting the demise of the classic 60/40 asset allocation strategy. This investment philosophy calls for portfolios to be...

Red Bull Racing’s Christian Horner, Formula 1’s Longest Tenured Team Principal, Is Making History

Red Bull Racing Team Principal Christian Horner arrives at the circuit on a boat ahead of the F1 … [+] Grand Prix of Monaco at Circuit de Monaco. (Photo by Mark Thompson/Getty Images) Getty Imag...