Author name: Peter

Moody’s Downgrades US Credit Outlook to “Negative” Amid Concerns Over Fiscal Deficits and Debt Affordability

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The Rationale Behind Moody's Decision The credit agency Moody's has recently revised the credit outlook of the United States from "stable" to "negative." This decision comes as a result of concerns over persistent large fiscal deficits and diminishing debt affordability. Moody's announcement follows a previous downgrade by Fitch, indicating ongoing apprehension among investors regarding federal […]

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Solana’s Rally Surges by 184% in 30 Days as $19M in SOL Shorts Liquidate in 24 Hours

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In the past week, solana (SOL) has garnered significant attention in the cryptocurrency community due to its remarkable increase in value against the U.S. dollar. Over the last 24 hours, SOL has witnessed an impressive 11% gain, and its value has skyrocketed by 45.2% in just one week. As a result, SOL has climbed to

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Rich Dad Poor Dad Author Robert Kiyosaki Reveals Why He Keeps Buying Bitcoin

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Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, has disclosed the reason behind his ongoing investments in gold, silver, and bitcoin. In a recent social media post, Kiyosaki emphasized that "our leaders want more war and poverty," which has led him to prioritize these three investment types for lifelong financial security

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Standard Chartered’s SC Ventures Partners With SBI to Establish Digital Asset Joint Venture in UAE

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Introduction Standard Chartered's ventures arm, SC Ventures, has announced a partnership with Japanese conglomerate SBI Holdings to establish a digital asset joint venture in the United Arab Emirates (UAE). This joint venture aims to invest in various companies across the digital assets spectrum, including market infrastructure, risk and compliance tools, defi, tokenization, consumer payments, and

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Nigerian Central Bank Dismisses Rumors About Demonetized Naira Banknotes

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The Nigerian central bank has addressed rumors circulating that the previously demonetized naira banknotes are no longer considered legal tender. The bank has clarified that all banknotes it has ever issued remain legal tender and should not be rejected. Rumors Dispelled by the Central Bank of Nigeria (CBN) The Central Bank of Nigeria (CBN) has

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UBS Offers Wealthy Clients Access to Crypto ETFs in Hong Kong

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UBS Group AG Introduces Crypto ETFs to Wealthy Clients in Hong Kong UBS Group AG, the Swiss financial services giant, has reportedly started offering wealthy clients in Hong Kong access to three crypto exchange-traded funds (ETFs). According to Bloomberg, the move comes after the Securities and Futures Commission (SFC) granted regulatory approval for these ETFs.

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Grayscale Investments Engages with SEC on Bitcoin ETF Conversion

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Grayscale Investments CEO Discusses Bitcoin ETF Conversion Grayscale Investments CEO Michael Sonnenshein recently spoke about the company's plan to convert its flagship bitcoin trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). In an interview with Bloomberg at DC Fintech Week, Sonnenshein mentioned that Grayscale is actively engaging with the U.S. Securities and Exchange Commission

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The Rise of CME Group: Surpassing Binance in Bitcoin Futures Open Interest

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An Increasing Interest in Bitcoin The financial sector is closely monitoring the progress of several spot bitcoin (BTC) exchange-traded funds (ETFs) awaiting regulatory approval. These days, investors are increasingly convinced of the crypto asset's allure to institutional investors. Mike Novogratz of Galaxy Digital underscored this sentiment in the company's Q3 earnings call, predicting that "2024

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Bitdeer Expands into AI Computing and Cloud Services, Joins Nvidia Partner Network

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Bitdeer's Strategic Move into AI Computing Bitcoin mining enterprises are increasingly diversifying their operations, with many now turning their focus to artificial intelligence (AI) computing and cloud services. Bitdeer, a publicly traded blockchain and high-performance computing company based in Singapore, recently announced its expansion into the AI sector. As part of this strategic move, Bitdeer

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