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(Coin Telegraph)-07/02/2024Artificial intelligence (AI) and decentralized finance (DeFi) have been marketed as technologies that could change the world, and according to experts, combining the two would likely create unparalleled opportunities in both industries.DeFi is financial services built on blockchain tech that primarily involves peer-to-peer transactions using smart contracts, removing intermediaries such as banks and giving […]

(Coin Telegraph)-07/02/2024Bitcoin spiked past $43,500 into the Feb. 5 Wall Street open as United States markets reacted to Chinese stock turmoil.China’s losses spark talk of recessionData from Cointelegraph Markets Pro and TradingView showed local highs of $43,515 on Bitstamp — a new February BTC price record.Bitcoin had heated up into the week’s first Asia trading session as China’s CSI 1000 […]

(Coin Telegraph)-07/02/2024Vast Bank, an entity claiming to be the first United States banking institution to allow its customers to buy, sell and hold cryptocurrencies “alongside a traditional checking account,” has shuttered its mobile crypto banking app and declared its intent to exit the cryptocurrency industry.In an FAQ posted on the bank’s website, first spotted by American Banker, Vast Bank […]

(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 […]

(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 […]

(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 […]

(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 […]

(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 […]

(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 […]

(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 […]

(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 […]

(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 […]

(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 […]

(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 […]

(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 […]

(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 […]