English News
‘Substitution’ of gold for Bitcoin is now underway, says Cathie Wood
(Coin Telegraph)-07/02/2024Investors have started to move from gold to Bitcoin after the launch of spot Bitcoin exchange-traded funds (ETFs), according to the CEO of ARK Invest. “Relative to gold, Bitcoin has been rising. There’s now a substitution into Bitcoin and we think that is going to continue now that there is a less friction-filled way to access […]
AI-generated fake IDs claimed to pass crypto exchange KYC are selling for $15
(Coin Telegraph)-07/02/2024A new service claiming to use artificial intelligence (AI) “neural networks” and “generators” to create fake driver licenses and passports has reportedly succeeded in passing Know Your Customer (KYC) checks on multiple crypto exchanges.The cost? Only $15 a pop.The site, OnlyFake, generates realistic fake driver’s licenses and passports from 26 countries, including the United […]
Turkish Inflation Upswing to Test Resolve of New Central Banker
(Bloomberg)-05/02/2024Turkish inflation probably converged on a forecast laid out by the central bank, ending the year with an upswing that keeps it on track to accelerate past 70% by May as new risks emerge.With costs on the rise in the services industry, data due Wednesday will show annual price growth quickened to almost 65% in […]
Oil inches up as US plans more strikes in Mideast, Ukraine hits Russian refinery
(Reuters)-05/02/2024Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones struck southern Russia’s largest refinery.Brent crude futures rose 36 cents, or 0.5%, to $77.69 a barrel by 0511 GMT, while U.S. West Texas Intermediate futures were […]
Iraq bans 8 local banks from US dollar transactions
(Reuters)-05/02/2024Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official.The banks are banned from accessing the Iraqi central bank’s daily dollar auction, a main source of hard currency […]
French bank SocGen to cut about 900 jobs at Paris head office
(Reuters)-05/02/2024Societe Generale (SOGN.PA), opens new tab, France’s third-biggest listed bank, said on Monday it plans to cut about 900 jobs at its Paris headquarters through voluntary departures.The planned job losses, which will be submitted to SocGen’s trade unions, represent less than 2% of the bank’s total workforce and around 5% of staff at its headquarters.”The objective […]
Gold demand down 5% in 2023, to be supported by geopolitics in 2024, WGC says
(Reuters)-31/01/2024Global gold demand excluding over-the-counter (OTC) trading fell by 5 per cent from to 4,448.4 metric tons in 2023 but remained strong compared with a 10-year average due to geopolitical and economic uncertainty, the World Gold Council (WGC) said on Wednesday.Ongoing conflicts, trade tensions and over 60 elections taking place around the world are likely […]
US bank regulator to boost transparency of merger reviews
(Reuters)-31/01/2024A top U.S. bank regulator on Monday proposed new regulations for bank mergers and acquisitions (M&A) in a bid to increase transparency around the process, while ensuring some deals do not slide through automatically without sufficient scrutiny.The move by the Office of the Comptroller of the Currency (OCC) comes amid industry criticism that regulators are […]
As Crypto Market Recovers, Scammers Target Exchange Token Listings
(Crypto News)-31/01/2024Exchange listing scams have resurfaced as scammers exploit the growing interest in digital assets amid the recent market recovery.As part of these schemes, scammers impersonate industry insiders and exchange representatives to deceive unsuspecting individuals and extort payments for token listings.Yi He, co-founder of Binance and spouse of former CEO Changpeng Zhao, recently alerted the community to […]
UAE makes first digital dirham transfer via mBridge CBDC platform
(Coin Telegraph)-31/01/2024The central bank of the United Arab Emirates (UAE) conducted its first cross-border digital dirham transfer using the mBridge central bank digital currency (CBDC) platform on Jan. 29.The 50 million dirhams ($13.6 million) cross-border CBDC transfer was sent to China using the multi-CBDC mBridge platform, according to Gulf News. The chairman of the board of the […]
Biden administration announces key AI actions after executive order
(Coin Telegraph)-31/01/2024The White House released a fact sheet with its key actions on artificial intelligence (AI) on Jan. 29, three months after the release of President Joe Biden’s executive order. Bruce Reed, the White House deputy chief of staff, convened the White House AI Council, comprising officials from a range of federal departments and agencies, to hear reports […]
ESMA Seeks Feedback on Reverse Solicitation and Crypto Classification Under MiCA
(Crypto News)-31/01/2024The European Securities and Markets Authority (ESMA), the top regulator of the European Union’s financial markets, has opened a feedback window, on guideline under MiCA regulation.The Markets in Crypto Assets Regulation (MiCA), which is due to take effect this year, is EU’s comprehensive crypto law. The legislation promises legal certainty, compliance challenges and global implications.On […]
Rep. French Hill Voices Optimism for Crypto Legislation Progress in 2024
(Crypto News)-31/01/2024U.S. House Representative and Financial Services Subcommittee on Digital Assets Chair French Hill (R-AR) has voiced optimism about the progress of cryptocurrency legislation in 2024.During an event hosted by the Foundation for Defense of Democracies on Jan. 29, Hill discussed the crypto legislation in the United States in the upcoming year, especially regarding the status of stablecoins and […]
US lawmakers press Meta over crypto and blockchain plans
(Coin Telegraph)-24/01/2024The United States congresswoman wants to know what Mark Zuckerberg’s Meta is planning to do with its five crypto-related trademark filings lodged with the USPTO.The United States House Financial Services Committee is putting pressure on Meta to open up about any blockchain or crypto-related plans it may have — given a total of five […]
Bitcoin-based ‘rival’ to modern stablecoins to emerge soon — CoinShares
(Coin Telegraph)-24/01/2024CoinShares analysts believe 2024 will be pivotal for Bitcoin in the stablecoin arena and that a successful project could even “rival the speed and cost” of modern stablecoins.A Bitcoin-based stablecoin may emerge in 2024 that could rival the speed and cost of other stablecoins in the industry, according to cryptocurrency investment firm CoinShares.“We anticipate […]
Trump ‘will never allow’ CBDC, gives ‘full credit’ to Vivek Ramaswamy
(Coin Telegraph)-24/01/2024Former President of the United States and current presidential candidate, Donald Trump, has once again mentioned the topic of central bank digital currencies (CBDCs), “giving full credit” to Vivek Ramaswamy, the former presidential candidate for the Republican Party who dropped out of race after a disappointing During the rally in Laconia, New Hampshire, on Jan. […]