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Loading… Loading… Crypto exchange Coinbase Global Inc.COIN on Tuesdayannounced the launch of Project Diamond, a new smart contract-powered platform aimed at institutions,designed to facilitate the creation, purchaseand sale of digitally native assets. The first transaction on Project Diamond was the issuance, distributionand maturity of a digital debt instrument, which served as a technical demonstration for
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Loading… Loading… A fully collateralized euro-backed stablecoin is expected to be launched within 18 months, pending the approval of an e-money license by Germany's Federal Financial Supervisory Authority (BaFin). What Happened: Deutsche Banks DB DWS Group, Dutch market maker Flow Traders Ltd., and crypto fund manager, Michael Novogratzs Galaxy Digital Holdings BRPHF plan to form
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Loading… Loading… As another week concludes, the crypto community witnessed significant changes in the landscape. Leading the pack, Cathie Woods Ark Invest made a bold move, offloading a substantial portion of its Coinbase Global Inc COIN shares amid a cooling crypto rally. Meanwhile, Bitcoin is facing a possible downturn, according to a crypto analyst. On
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a more sophisticated DCU — How Microsofts cybercrime unit has evolved to combat increased threats Microsoft has honed its strategy to disrupt global cybercrime and state-backed actors. Lily Hay Newman, wired.com – Dec 17, 2023 12:05 pm UTC Microsoft’s Cybercrime Center.Microsoft reader comments 55 Governments and the tech industry around the world have been scrambling
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Loading… Loading… The cryptocurrency market experienced a decline on Sunday evening, as on-chain data reveals a considerable amount of profit-taking behind the stagnant prices.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD -2.09%$41,077Ethereum ETH/USD -2.07%$2,176Dogecoin DOGE/USD -3.51%$0.092 What Happened: According to analytics firm IntoTheBlock, Bitcoin experienced an influx of $860 million in net inflows to crypto exchanges
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Loading… Loading… Pseudonymous crypto analystDonAltoutlined a potential scenario in whichBitcoin BTC/USD could soar to an unprecedented $110,000 by 2026. What Happened: In a YouTube interaction with his audienceon Saturday, DonAlt discussed Bitcoin's future, focusing on its next halving event in April 2024. He predicteda temporary dip to around $32,000 before a significant rally toward his
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Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. Corporate bankruptcies are increasing at double-digit rates in most advanced economies as borrowing costs rise and governments unwind pandemic-era worth trillions of dollars support for struggling businesses. Following a decade of decline the number of
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This article is an onsite version of our Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning A “remarkable strategic own goal by us” — that’s how Jake Sullivan, President Joe Biden’s national security adviser, this week described the risk of a lapse in
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Loading… Loading… Speaking at BenzingasFintech Deal Day event in New York in November, panelists discussed data-driven decision-making and risk management in FinTech. Andr Beganski, a journalist at Decrypt Media, moderated the discussion, which featured panelists Antonio Goncalves from Devexperts and dxFeed, Paul Fahey of Northern Trust Asset Servicing, and Traci Mabrey from Dow Jones. Fahey
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Loading… Loading… The Wikimedia Foundation disclosed that in 2023, ChatGPT was the most viewed article on Wikipedia, attracting 79 million views across its various language editions. What Happened:In 2023, the English language version of Wikipedia amassed over 84 billion views. Of these, the ChatGPT article alone accounted for more than 49 million views. During the
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Loading… Loading… The financial services industry has seen some ground-breaking changes in the past year, with fintech innovations driving the sector forward and fast-paced developments in artificial intelligence. Participants in the fintech sector expect 2024 to be another transformative year as further investment by financial services companies reshapes the banking landscape. Marius Galdikas, CEO at
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Loading… Loading… The momentum on Wall Street during Tuesdays session continues to lack strength as investors carefully scrutinize the most recent economic data. Moodys decision to lower Chinas credit rating outlook from stable to negative also weighed on risk propensity. While service activity showed a better-than-expected uptick in November, Octobers job openings fell substantially, marking
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EU leaders gathering in Brussels have vowed to find a way to support Ukraine after Hungary’s Viktor Orbán vetoed a €50bn lifeline for the war-torn country. Estonia’s Prime Minister Kaja Kallas said that “Ukraine will
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