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Search results for Barclays

Economy

OECD sparks signs of wave of Korea growth downgrades amid Middle East vulnerability

South Korea is showing signs of successive downward revisions to its growth outlook as Middle East risks push up global oil prices and cloud the economic outlook. The OECD cut its 2026 growth forecast for South Korea to 1.7 percent from 2.1 percent, while keeping its global estimate at 2.9 percent. Citi and Barclays have also trimmed forecasts. Analysts warn prolonged high oil prices and supply-chain disruptions could further weigh on growth and inflation.

Crypto

Barclays considers using blockchain for payments, deposits and other banking functions

Barclays is considering adopting blockchain technology to handle core banking functions such as payments and deposits, and to process digital assets including stablecoins, Cointelegraph reported, citing Bloomberg News. The bank is seeking technology cooperation to build a blockchain platform and has sent requests for information to multiple suppliers. It may choose a partner as early as April. The move is seen as part of a strategy to expand its presence in digital assets.

Crypto

Coinbase CEO wealth down more than 15 trillion won in a year

Coinbase CEO Brian Armstrong has fallen out of the world’s top 500 rich list as the crypto market slump continues. His wealth dropped to $7.4 billion from $17.7 billion a year earlier, wiping out more than 15 trillion won. Reports cited by Cryptopolitan said Coinbase shares have fallen more than 50 percent since bitcoin peaked at $126,000 in October. JPMorgan cut its Coinbase price target, citing weaker crypto markets and slower stablecoin issuance.