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(Reuters)-22/05/2024U.S. Treasury Secretary Janet Yellen urged German bank executives on Tuesday to step up efforts to comply with sanctions against Russia and shut down efforts to circumvent them to avoid potential penalties themselves that would cut off dollar access.Yellen said at the start of a meeting with bankers that the Treasury’s new authority to hit banks with […]

(Crypto News)-22/05/2024Bitcoin price rallied to the coveted $70,000 mark amid a noticeable surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing, with the cryptocurrency community pondering whether the bull market is just beginning or nearing its peak. Bitcoin charts and spot ETF activity highlight the trend reversalAnalyst “ELI5 of TLDR” suggested that the majority of […]

(Crypto News)-22/05/2024Bitcoin has achieved all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price.On May 21, Bitcoin reached an intraday and six-week high of $71,650, marking a gain of over 7% within a 24-hour period.According to CoinGecko, this puts the asset within a 3.4% range […]

(Crypto News)-22/05/2024Brazil’s central bank unveiled a multi-phase plan to regulate crypto and virtual asset service providers on Monday. It aims to finalize the regulatory proposals by the end of this year.These regulations will establish rules that verify and enforce greater transparency around the potential benefits and risks of these investments, the bank said. It said it opted for […]

(Crypto News)-22/05/2024The Russian crypto mining industry could grow “by between 20% and 40%” in 2024, a new report has claimed.Per the media outlet Overclockers, the claims came from industry insiders in a report from BitRiver.The latter is Russia’s biggest crypto mining player. The firm is one of the driving forces behind a recent legislative push that could result in […]

(Crypto News)-22/05/2024The American Bankers Association (ABA) on Monday urged House leaders to back a bill that would stop the Federal Reserve from creating a CBDC for individuals and using it for monetary policy tools.Congressman Tom Emmer (R-Minn.) introduced the CBDC Anti-Surveillance State Act (H.R. 5403) in Sept. 2023. The bill, which has gained support from 165 cosponsors, is expected to […]

(The Business Times)-15/05/2024SAUDI Arabia wants to avoid sending the economy into overdrive as it channels investments with the goal of pivoting the nation away from oil dependency.Finance Minister Mohammed Al-Jadaan said on Tuesday (May 14) that while his country’s massive investments are helping to grow the non-oil economy, the kingdom needs to be careful about […]

(Reuters)-15/05/2024The boss of the euro zone’s most valuable lender BNP Paribas (BNPP.PA), opens new tab on Tuesday played down expectations for a revival of M&A activity in European banking, saying the economics of cross-border and even some domestic deals rarely made sense.Jean-Laurent Bonnafe’s comments to BNP’s annual shareholder meeting comes after Spain’s BBVA (BBVA.MC), opens new tab last week launched a […]

(Coin Telegraph)-15/05/2024ChatGPT creator OpenAI has announced its latest AI model, GPT-4o, a chattier, more humanlike AI chatbot, which can interpret a user’s audio and video and respond in real time.A series of demos released by the firm shows GPT-4 Omni helping potential users with things like interview preparation — by making sure they look presentable for the […]

(Coin Telegraph)-15/05/2024Coinbase, the world’s second-largest exchange by trading volume, suffered a major outage on May 14.Coinbase announced a system-wide outage lasting three hours at 4:19 am UTC. The exchange eventually managed to fully recover by 7:34 am UTC, according to its status page.While the exact reason behind the outage remains unknown, Coinbase said it will continue investigating the […]

(Coin Telegraph)-15/05/2024Deutsche Bank, a German multinational investment bank, is collaborating with Singapore’s central bank on asset tokenization.Deutsche Bank has joined the Monetary Authority of Singapore’s (MAS) Project Guardian, which focuses on asset tokenization in wholesale funding markets and decentralized finance (DeFi) applications.As part of the collaboration, Deutsche Bank will test an open architecture and interoperable blockchain platform to […]

(Coin Telegraph)-15/05/2024Hayden Adams, the founder and CEO of decentralized exchange Uniswap, called on United States President Joe Biden to consider how voters think about crypto when they enter ballot boxes in November.In a May 12 X post, Adams claimed there was “not much time” for President Biden to change the perception many crypto-focused voters had of his […]

(Coin Telegraph)-15/05/2024Adopting a potential digital euro won’t displace the Swedish krona, Sweden’s central bank said.In a staff memo published Tuesday, the Sveriges Riksbank indicated it sees potential benefits for Sweden in the digital euro. It highlighted the possibility of a more robust and competitive payment system.The bank added that there may be a small shift away […]

(Bloomberg)-08/05/2024The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology said the country would divest from China if it were asked to do so by the US.“So far the requests have been to keep manufacturing and supply chains completely separate, but if the partnerships with China would become a problem for […]

(Reuters)-08/05/2024U.S. banks reported renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year, according to a Federal Reserve survey of senior loan officers published on Monday.Fed officials had the survey results in hand last week when they decided to keep the policy rate […]

(Coin Telegraph)-08/05/2024Bitcoin’s price rose above the $65,000 mark on May 6 as analysts argued that the post-halving “danger zone” may be over, with more BTC upside on the way.Bitcoin out of the post-halving “danger zone” — analystBitcoin’s post-halving danger zone is a three-week window after the halving, historically associated with downside volatility occurring below the reaccumulation range.With Bitcoin rising above […]