Newsroom
Markets · Banking
The Federal Deposit Insurance Corp (FDIC) has facilitated the sale of Republic First Bank to Fulton Bank, according to a report by Reuters. Despite abandoning funding talks, the…
The Distributed Team
Crypto · Crypto Mining
Venezuela’s Ministry of Electric Power has announced plans to disconnect cryptocurrency mining farms from the national grid. This decision is aimed at regulating excessive energy consumption and ensuring…
Jeane Claude Vasquez
Crypto · Adoption
Australia’s largest stock exchange could welcome the country’s first spot Bitcoin ETFs. This comes in the wave of ETF approvals, with countries like the US and Hong Kong…
Eric Nkando
Markets · Federal Reserve
Federal Reserve Chair Jerome Powell said this Tuesday that the US Central Bank is expected to maintain its benchmark lending rate at an elevated level for an extended…
Stanko Illiev
Markets · Australia
In a developing story reported by Reuters, Australia’s leading banking institution, ANZ Group Holdings, finds itself under the watchful eye of the corporate regulator over its involvement in…
Eman Shaikh
Crypto · Bitcoin
Morgan Stanley recently disclosed substantial holdings in Bitcoin exchange-traded funds (ETFs). As of March 31, the investment bank held nearly $270 million worth of Grayscale’s Bitcoin Trust, reflecting…
The Distributed Team
Crypto · Bitcoin
Key Findings: BTC Technical Analysis Bitcoin Technical Analysis – BTC/USD Daily Chart With gains of up to 10% throughout the last seven days, bitcoin is currently trading within…
Md Ishtiaque Ahmed
Technology · Artificial Intelligence
OpenAI, the maker of ChatGPT, has recently unveiled the newest iteration of its flagship AI model called GPT-4o (the “o” stands for “Omni”). This development comes at a time when…
Mainul Alam
Crypto · Bitcoin
The world’s second-largest asset manager announced on Tuesday the appointment of Salim Ramji as its new CEO. Mr Ramji’s new role will be effective on July 8. Unlike…
Jeane Claude Vasquez
Crypto · Bankruptcy
US court granted Genesis Global approval to return approximately $3 billion in cash and cryptocurrency to its customers as part of bankruptcy liquidation. The decision, which leaves the…
The Distributed Team
Crypto · Regulation
Retail trading platform Robinhood has announced the receipt of the so-called “Wells Notice” from the US Securities and Exchange Commission (SEC). The notice relates to crypto tokens offered…
Eric Nkando
Markets · Federal Reserve
Despite reports of persistent inflation and concerns that the Federal Reserve may maintain higher interest rates for longer than anticipated, stocks have largely held steady in recent weeks.…
Stanko Illiev
Markets · Banking
The Swiss National Bank (SNB) is actively exploring how tokenization of financial assets could enhance payment security and efficiency, according to Chairman Thomas Jordan. Recently, remarks at an…
Eman Shaikh
Technology · Artificial Intelligence
Microsoft will invest US $2.2 billion to help Malaysia’s digital transformation over the next four years. The announcement came during the Microsoft Build: AI Day. “We are committed…
Mainul Alam
Crypto · Adoption
Former U.S. President Donald Trump expressed his intention to enable the use of cryptocurrency for campaign donations. In videos shared by NFT creator and influencer Frank Degods, Trump…
Jeane Claude Vasquez
Crypto · Financial Innovation
The US House of Representatives is preparing to make a crucial decision regarding cryptocurrency regulation. Representative Patrick McHenry has confirmed that the long-awaited bill, FIT21, will finally undergo…
The Distributed Team
Markets · Bank Of America
Wells Fargo, a prominent American bank, revealed its investments in several Bitcoin exchange-traded funds (ETFs) in a recent regulatory filing. This move aligns Wells Fargo with other institutions…
Jeane Claude Vasquez
Markets · Bank of England
Bank of England (BoE) is preparing for its first interest rate cut since 2020, indicating a potential shift in monetary policy, Reuters reported. Despite holding rates at a…
The Distributed Team
Crypto · Bitcoin
Key Findings: BTC Technical Analysis Bitcoin Technical Analysis – BTC/USD Daily Chart Bitcoin’s price slows downward, with lower highs characterizing the price movement. The outlook for the big…
Md Ishtiaque Ahmed
Markets · Banking
The Federal Reserve could unveil plans as soon as this week to begin slowing the runoff of its massive $7.5 trillion bond portfolio. After more than doubling its…
Eman Shaikh
Crypto · Bitcoin
The Grayscale Bitcoin Trust ETF ($GBTC) recently experienced a shift in its financial trend. It registers an inflow of $63 million and breaks an 11-week rally of net…
Jeane Claude Vasquez
Crypto · PayPal
MoonPay, a cryptocurrency buying app, recently partnered with PayPal. This collaboration enables MoonPay users to purchase crypto using PayPal’s diverse payment methods, including wallet transfers, bank transfers, and…
The Distributed Team
Crypto · Bitcoin
Key Findings: BTC Technical Analysis Bitcoin Technical Analysis – BTC/USD Daily Chart For the past few months, the price has been bouncing around inside a declining channel on…
Md Ishtiaque Ahmed
Markets · Banking
A Russian court has reversed the seizure of JPMorgan’s funds in Russia in an ongoing dispute between the US bank and Russian state lender VTB, Reuters reported. The…
The Distributed Team
Technology · Artificial Intelligence
Meta Inc., the parent company of Facebook and WhatsApp, has recently unveiled a new virtual AI assistant. Aptly titled Meta AI, the company claims its model is the…
Mainul Alam
