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Bitcoin, Ethereum Technical Analysis: BTC Surges Above $30,000, as Moody’s Downgrades 10 US Banks

August 9, 2023 0

Bitcoin moved above $30,000 late on Tuesday, as markets reacted to the news that rating agency Moody’s had downgraded several U.S. banks. The list includes State Street, Northern Trust, and Bank of New York Mellon. Ethereum was marginally higher. Bitcoin Bitcoin (BTC) briefly rose back above

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House Financial Services Committee Advances Clarity for Payment Stablecoins Act

August 9, 2023 0

On July 27, 2023, The U.S. House Financial Services Committee advanced a stablecoin-focused bill for the first time. The Clarity for Payment Stablecoins Act of 2023 would establish a federal regulatory framework for stablecoins with the U.S. Federal Reserve playing a pivotal role. The bill would grant the Federal Reserve the power to write requirements […]

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Blockchain․com Obtains Payment License in Singapore

August 9, 2023 0

Crypto company Blockchain․com has been granted a payment license in Singapore that will enable it to provide regulated services for digital assets. The authorization in the city-state, which is a major trading hub for the platform, is part of its efforts to comply with local regulations in the jurisdictions where it operates. Blockchain․com Receives MPI […]

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Canadian Police Unit Utilizes Chainalysis Blockchain Forensics for Cryptocurrency Investigations

August 9, 2023 0

Officials in law enforcement from Lethbridge, situated in the province of Alberta, Canada, have unveiled that the Lethbridge Police Service (LPS) is now utilizing Chainalysis blockchain forensics software. According to local reports, LPS has acquired the capacity to trace cryptocurrency transactions, enabling them to ascertain the locations where the funds have been

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SEC Chair Warns AI Poised to Drive Future Financial Crises

August 9, 2023 0

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that artificial intelligence (AI) technology will be at the center of future financial crises. The securities regulator has put out a specific proposal to address some of the issues that could be embedded in AI models. SEC Chair Gensler on AI and Financial Crises […]

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23 Countries Apply for BRICS Membership as Leaders Prepare to Convene at Summit

August 9, 2023 0

South Africa, the host of the BRICS summit this year, has published a list of 23 countries that have applied to become members of the economic bloc. Moreover, South African President Cyril Ramaphosa has invited 67 leaders and 20 representatives of major organizations to the BRICS summit. French President Emmanuel Macron, however, is not invited. […]

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Robert Kennedy Jr. Warns How Nuclear War Between US and Russia Would Affect You

August 9, 2023 0

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has warned of severe consequences of a nuclear war between the U.S. and Russia. In one estimate, more than five billion people could die from a war between the two nations, including around 99% of those in the U.S., Europe, Russia, and China. RFK Jr on […]

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Analyst Discusses US-BRICS Power Shift — Warns of Dollar Dominance Ending

August 8, 2023 0

A think tank analyst says the U.S. dollar’s dominance may be coming to an end as countries position themselves for a new international system. “As the reliance on U.S. dollars diminishes, central banks will begin dumping their dollar reserves. This will result in hyperinflation, a spike in interest rates to compensate for the loss of […]

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Report: Kenyan Police Raid Worldcoin’s Offices Just Days After Govt Suspended the Crypto Project

August 8, 2023 0

A team of Kenyan police officers is reported to have raided the premises used by Worldcoin and seized devices storing users’ data. The raid came just days after the Kenyan government announced the suspension of Worldcoin’s activities in the country. Officers Armed With Search Warrant The Kenyan police recently raided a building housing cryptocurrency and […]

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Argentine Peso Plunges to Historic Lows as Uncertainty Rules Before Elections

August 8, 2023 0

The exchange rate of the Argentine peso reached historic lows Monday in a decline that took its exchange rate to almost 600 pesos per U.S. dollar. Economists state that the uncertainty of the upcoming elections caused key bagholders to hedge their portfolios with foreign currency. However, analysts fear the effect this movement might have on […]