English News

(Reuters)-10/07/2024Rent and housing costs are keeping U.S. inflation higher than preferred but consumer price pressures will continue to come down over time, Treasury Secretary Janet Yellen said on Tuesday, as a top White House adviser cited what she called “tremendous progress” in bringing down inflation.Yellen told the U.S. House of Representatives Financial Services Committee that […]

(Reuters)-10/07/2024Switzerland’s consumer pricing watchdog has put UBS (UBSG.S), opens new tab under observation following its takeover of Credit Suisse, the regulator said on Thursday, amid concerns that the market power of the enlarged lender could lead to higher loan charges.The supervisor had met with financial market regulator FINMA, competition authority ComCo and the Swiss National Bank to […]

(Crypto News)-10/07/2024The financial sector has been rapidly adopting artificial intelligence (AI) technologies, particularly generative AI and large language models (LLMs), to enhance various aspects of operations and customer interactions.For instance, banks are leveraging AI to automate manual processes, enhance data analysis, and personalize customer interactions, improving operational efficiency and customer experience.Moreover, AI is increasingly used […]

(Coin Telegraph)-10/07/2024According to cybersecurity firm Cyvers’ mid-year Web3 security report, the total volume of stolen crypto funds in 2024 is approaching $1.4 billion as centralized exchanges emerge as the new ground zero for exploits. In the second quarter of 2024, total crypto losses exceeded $600 million, marking a 100% increase over the same period in 2023. […]

(Coin Telegraph)-10/07/2024Bitcoin has three months to go until the bull market resumes — but it can still see 300% gains by 2026.Those are some of the conclusions of fresh BTC price analysis from the pseudonymous engineer known as Apsk32.BTC price “acceleration” not due for at least three monthsIn a post on X on July 9, Apsk32 returned […]

(Coin Telegraph)-10/07/2024Dubai Customs has announced the launch of a new blockchain platform aimed at smoothing out supply chain friction within Dubai and across its borders.The blockchain solution was launched as part of a broader strategy to cement Dubai’s position as a leading “smart” city, Dubai Media Office said in a July 8 statement.“This innovation reflects our vision […]

(Reuters)-03/07/2024Swiss bank UBS (UBSG.S), opens new tab has completed the merger of its domestic unit with Credit Suisse’s operations in its home market, the bank said on Monday, adding that the head of the Credit Suisse business was leaving the bank.Andre Helfenstein, CEO of Credit Suisse Switzerland, has decided to leave the bank following the merger of […]

(Reuters)-03/07/2024Banks in Germany, France and elsewhere in the EU have lent more than 1.4 trillion euros ($1.5 trillion) to the commercial real estate sector, leaving some lenders vulnerable to “cracks” in the market, the bloc’s banking watchdog said on Tuesday.In its latest risks report, the European Banking Authority (EBA) said banks faced “elevated uncertainty” from […]

(Coin Telegraph)-03/07/2024A “German Government (BKA)” labeled cryptocurrency wallet has sold another $52 million worth of Bitcoin, sparking suspicions that the government is selling its vast BTC holdings.The wallet associated with the German government transferred 832.7 Bitcoin in four individual transactions on July 2.The wallet sent 100 BTC to Coinbase, 150 BTC to Bitstamp and 32.74 BTC […]

(Coin Telegraph)-03/07/2024The intersection of artificial intelligence and blockchain seems to be a growing focus for venture capitalists and innovators worldwide. Companies developing solutions based on these technologies disclosed substantial capital raises in June, many of them seed rounds. One of these protocols is Sentient, which raised $85 million in funding to develop an open-source artificial intelligence platform. The […]

(Coin Telegraph)-03/07/2024Every once in a while, headlines about $100 million or larger Bitcoin and crypto futures contracts liquidations appear, causing novice investors and non-expert analysts to point to excessive leverage by retail traders as the culprit. Gamblers are undoubtedly responsible for a large portion of these risky bets, especially when the liquidation is concentrated on retail-oriented exchanges […]

(Coin Telegraph)-03/07/2024Data from Cointelegraph Markets Pro and TradingView showed BTC price action attempting to cement gains, which accompanied the monthly close.Despite an overall failure to tackle key resistance levels above $64,000, Bitcoin traders had renewed cause for optimism as July got underway.“Bitcoin has resumed its uptrend,” popular trader and analyst Rekt Capital summarized in one of several news posts on X […]

(Coin Telegraph)-03/07/2024Tether is increasing its presence in Turkey by partnering with a local cryptocurrency firm to promote industry knowledge.The firm, issuer of the Tether stablecoin, has signed a memorandum of understanding (MoU) with local crypto platform BTguru to evaluate digital asset-related educational initiatives in Turkey, it announced on July 2.BTguru positions itself as a technology and strategy partner, specializing in virtual crypto […]

(Reuters)-26/06/2024″Because it’s France” was how Jean-Claude Juncker, European Commission president at the time, explained Brussels’ decision in 2016 to give leeway to the large, founder member of the European Union on the bloc’s budget rules.That patience continued even as the EU endured a sovereign debt crisis that almost sunk the euro and forced smaller, more […]

(Reuters)-26/06/2024Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said.The central bank on Wednesday will release the results of its annual bank “stress tests” which assess how much cash lenders […]

(Coin Telegraph)-26/06/2024Canadian crypto and Web3 startups could benefit from “lower taxes” and regulations that cater to “pre-commercial specialist technology companies,” said a Toronto ETO official.Hong Kong government entities dedicated to attracting foreign investments visited a tech conference in Toronto, Canada, to advertise its offshore ready-to-move technology hub for Canadian crypto and Web3 startups.​The Hong Kong […]