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BRICS Unified Currency Deemed Premature by Russian Official

Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the…

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BTC’s Future in Focus: 4 Key Factors That Could Drive or Stall Its 2024 Rally

At press time, the crypto economy is cruising at $2.14 trillion, following a modest uptick Friday morning. There are 88 days left in the year, 32 days until the 2024…

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HBO Documentary Claims to Reveal the True Identity of Bitcoin’s Creator Satoshi Nakamoto

According to a Politico report, a new HBO documentary claims to have cracked the mystery behind Bitcoin’s elusive creator, Satoshi Nakamoto. If this revelation gains traction, Politico’s Izabella Kaminska stated…

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Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn

Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000…

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Aussie Bank Joins MAS’ Digital Asset Interoperability Project

The Australian financial institution ANZ Bank has joined Project Guardian, a Monetary Authority of Singapore (MAS) initiative exploring the digitization of financial markets. In partnership with Chainlink Labs and ADDX,…

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SEC Fines Prager Metis $1.95M Over Negligent FTX Audits

The U.S. Securities and Exchange Commission (SEC) has reached a $1.95 million settlement with Prager Metis CPAs LLC and its affiliate over serious allegations related to their audits of crypto…

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Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation

House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep…

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Recession Concerns Ignite Amid US Economic Slowdown and Market Volatility

In recent weeks, both economists and technical indicators have hinted that the U.S. may be on the brink of a recession, causing anxiety to ripple through the markets. Meanwhile, over…

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Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction

On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal…

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PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses

On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed…

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