Category: Featured
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Elizabeth Warren Accuses Crypto Industry of Undermining Terror Financing Rules
Senator Elizabeth Warren Accuses Crypto Industry of Undermining Efforts to Address Terror Financing Senator Elizabeth Warren, a Democrat from Massachusetts, has stepped up her criticism of the cryptocurrency industry by sending letters to industry groups and Coinbase exchange. In these letters, she accuses industry groups of deploying a covert weapon by hiring former defense and […]
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Terrorist Financing Network Dismantled in Spain, Cryptocurrency Role Exposed
Collaborative Effort in Counterterrorism The operation, named “MIYA,” represents the second phase of an initiative launched in 2021 by Spain’s National Police General Information Commissariat (CGI). It involved collaboration from intelligence and security services in twelve countries, demonstrating the global effort to combat terrorist financing. Countries such as Morocco’s Surveillance du Territoire (DGST), Algeria’s Direction […]
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EU’s Latest Sanctions: Russian Crypto in Crosshairs as Pressure Mounts
Rigorous Measures on Crypto-Asset Sector The newly implemented European Commission sanctions package introduces a comprehensive ban preventing Russian individuals from owning, controlling, or participating in the governing bodies of crypto service providers. Additionally, it includes stringent measures to block the provision of wallet, account, or custody services related to crypto-assets to individuals based in Russia. […]
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Rate-Sensitive Stocks Face Uncertainty as Interest Rates Fluctuate
Poor Performance of Utilities, Consumer Staples, and Energy Sectors According to FactSet data, the S&P 500’s utilities, consumer staples, and energy sectors have been the worst-performing parts of the large-cap benchmark index in 2023. The utilities sector has declined over 10% year-to-date, significantly underperforming the broader index’s 23.6% advance. The consumer staples and energy sectors […]
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BMO Predicts Bull Steepener Trade for 2024 Amidst Dovish Fed Outlook
The Bull Steepener Trade Takes Shape The type of curve-steepener trade that is likely to prevail in 2024 is called a bull steepener, as detailed by BMO Capital Markets strategists Ian Lyngen and Ben Jeffery. In this scenario, short-term yields decline at a faster rate than long-term rates, potentially driven by continued expectations of between […]
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Revolut Halts and Limits Crypto Services for UK Business Customers
Navigating the UK Market Revolut’s move comes amid ongoing efforts by cryptocurrency firms to find the most effective approach to operating in the UK market. The government’s aim is to strike a balance between facilitating innovation and safeguarding users through the implementation of new rules. This presents a challenge for crypto companies as they seek […]
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Crypto-Focused Super PACs Raise $78M to Support Pro-Digital Asset Candidates
Impressive Support from Crypto Industry Leaders Fairshake, alongside its affiliated super PACs, has experienced substantial support from influential figures within the crypto industry. Coinbase, one of the leading cryptocurrency exchanges, has demonstrated its commitment to the cause through its CEO Brian Armstrong and an alliance dedicated to advancing pro-crypto policies worldwide. Gemini, another renowned crypto […]
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Fed Officials Downplay Rate Cuts as Markets Jump the Gun
Cleveland Fed President Loretta Mester Cautions About Early Rate Cuts Cleveland Fed President Loretta Mester expressed caution about the market’s anticipation for rate cuts in early 2024. In an interview with the Financial Times, Mester remarked that the market may have jumped the gun on rate cuts and emphasized that it’s premature to discuss easing […]
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Generative AI Set to Revolutionize Wall Street’s Business Practices
The Impact of Generative AI on the Asset Management Sector Generative artificial intelligence (AI) is poised to reshape the way firms operate on Wall Street, according to industry experts. While wealth management and asset management firms have already been utilizing AI technologies such as natural language processing and machine learning, the integration of generative AI […]
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Forecast: Steeper Fed Rate Cuts Expected as US Economy Weakens
Concerns over Rising Unemployment The US economy is steadily weakening, and experts predict that the unemployment rate will continue to rise in the coming year. Pantheon Macroeconomics warns that the Federal Reserve’s rate cuts will be more aggressive than initially anticipated. According to the research firm, rate cuts could surpass 75 basis points, coinciding with […]