Author: bitlyfool
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Singapore Revisits Terraform Labs’ Collapse, Clarifies Licensing Irregularities
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Singapore disavowed collapsed cryptocurrency project Terraform Labs, saying the platform was not performing activities requiring a license from MAS and was not licensed or exempt from a license by the regulator. The city-state also downplayed the impact of the Terraform Labs saga on its financial systems. In response to a…
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Tether Chainalysis Collaboration
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The world of cryptocurrencies has undergone a major transformation, with stablecoins such as Tether’s USDT becoming at the forefront of the industry’s evolution. Amid the expansion of the cryptocurrency market, concerns about illicit activities and the need for regulatory compliance have increased. In a forward-looking step forward, pregnancy Collaborated with…
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Doctor’s sign return-to-work formula, ending 56-day national work boycott
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The government and the Kenya Pharmacists and Dentists Union (KMPDU) have signed a return-to-work formula, ending the 56-day nationwide doctors’ strike. Speaking during the signing on Wednesday night, KMPDU Chairman, Abidan Mwashi, expressed disappointment that the two parties failed to reach an agreement on the recruitment and payment of trainees.…
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Dollar pushes higher; Fed speakers in focus By Investing.com
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Investing.com – The US dollar rose on Wednesday, rebounding from recent weakness as several Federal Reserve officials spoke out. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, was up 0.2% at 105.500, pulling away from a nearly one-month…
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Vitalik Buterin pitches upgrade to Ethereum account abstraction
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Vitalik Buterin, co-founder of Ethereum, proposed a common idea to improve computation abstraction for standard on-chain addresses. This concept is called the Ethereum Improvement Proposal (EIP) 7702 He presents A new transaction method that allows externally owned accounts (EOAs), also known as a physical Ethereum (ETH) account, to perform smart…
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Garrick Club Votes to Admit Women After 193-Year Exclusion
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In a landmark decision, members of the Garrick Club, historically reserved for men only, have voted to open its doors to women for the first time in its 193-year history. The pivotal vote, held on Tuesday evening, saw 60% of the club’s 1,500 members support the long-awaited change. Amid the…
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Brazil’s central bank cuts its rate by 25bp
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Decision of the Monetary Policy Committee of the Central Bank of Brazil (Copom): 5 COBOOM members voted in favor of a 25 basis point reduction, and 4 members voted in favor of a 50 basis point reduction. The Committee unanimously considers that the uncertain global scenario and the domestic scenario,…
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Grayscale’s Ether Futures ETF Application Pulled, Reason Not Disclosed
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A proposal to list and trade shares of prominent asset manager Grayscale’s ether futures trading fund (ETF) has been withdrawn, according to a new document filed on Tuesday. An SEC filing revealed that the application for the Grayscale Ethereum Futures Trust ETF, filed by NYSE Arca, Inc., has been withdrawn.…
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CEMATRIX Announces 2024 First Quarter Financial Results
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Published on May 8, 2024 • 5 minute…
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Dow ends higher for 6th session, but Treasury yields pressure market By Reuters
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Written by David French (Reuters) – The index ended higher on Wednesday, extending its winning streak to six in a row and closing above 39,000 points for the first time in five weeks, as investors continued to bet on supportive US monetary policy. Other Wall Street indexes calmed slightly as…
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Solana Breakout: Crypto Analysts Confirm SOL Is Ready To Cross $200
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Solana had touched $200 earlier in the year but this was only briefly before falling back to $150. At this point, Solana indicators are starting to flash bullish, leading crypto analysts to expect a resurgence above $200 for the altcoin. Solana shows growth in the D1 time frame Cryptocurrency analyst…
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Ramat Gan approves 60-floor Eurocom Tower
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The plan is being developed by Canada and Israel in the Rishonim neighborhood of Ramat Gan near the Diamond Exchange. The Ramat Gan Planning and Building Committee agreed to submit a recommendation to the District Planning and Building Committee regarding a plan to build a 60-storey Eurocom Tower for mixed…
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Ordinal Derangement Syndrome (ODS) Is a Real Phenomenon
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Ordinal Disorder Syndrome (ODS) is a real phenomenon. As a neutral observer of Bitcoin Magazine, I aim to address misconceptions and dismissive attitudes toward ordinals in the Bitcoin community, and uncover overlooked complexities and potential within what I call “ordinal confusion syndrome” (ODS). ODS emerges as a significant phenomenon within…
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UR-Energy stock price target cut on first quarter performance By Investing.com
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On Wednesday, HC Wainwright revised its price target on shares of UR-Energy (NYSE:), a uranium mining company, to $3.30 from $3.40 previously, while maintaining a Buy rating on the stock. This change comes in the wake of the recent disclosure of the company’s financial performance for the first quarter of…
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Bank of Japan issues stronger warning over yen’s impact on policy By Reuters
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Written by Laika Kihara and Satoshi Sugiyama TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday that the central bank may take action on monetary policy if a weaker yen weighs on prices significantly, offering the strongest hint yet that continued declines for the currency could lead…
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Fundstrat CEO Predicts When Bitcoin Price Will Reach $150,000 And $500,000
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Thomas Jung Lee, the chief executive officer (CEO) of Fundstrat, an independent financial research boutique, maintained a bullish stance on Bitcoin. The financial analyst did And he expected The world’s largest cryptocurrency could rise significantly, doubling its current price to Up to $150,000 During the 2024 cryptocurrency market cycle. Bitcoin…
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Why Shopify Stock Tumbled Today
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shares Shopify (NYSE: STORE) The company caught fire today after the pricey e-commerce stock posted strong first-quarter results, beating estimates, but investors dismissed its second-quarter outlook. As a result, the stock was down 19.8% as of 10:39 a.m. ET on Wednesday. Image source: Getty Images. Shopify comes up short The…
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Treasury yields rise after US 10-year auction. Chart consolidates
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US 10-year returns Where do 10-year returns belong? In the past year, they have traded from 3.7% to 5.0% as the market faces questions about future inflation and interest rates. The midpoint of this range is 4.35%, which is just below 4.49% currently. Yields rose 2 basis points today after…
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Crypto Market Maker Wintermute Enters Hong Kong Bitcoin ETFs Market
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In a strategic move to capitalize on the rapidly evolving cryptocurrency landscape, global algorithmic market maker Wintermute has announced its plans to provide liquidity services for Hong Kong Bitcoin ETFs and Ethereum ETFs. This expansion into the Asian market comes as Wintermute seeks to strengthen its foothold in the region,…
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ServiceNow collabs with IBM, Microsoft to combine GenAI capabilities
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Miscellaneous Photography/iStock Editorial via Getty Images Service Now (New York Stock Exchange: Now) Announced new collaborations in the field of generative artificial intelligence with Microsoft (NASDAQ:MSFT) and IBM (New York Stock Exchange: IBM) on Wednesday at the Knowledge 2024 Conference in Las Vegas. ServiceNow is integrating IBM’s Watsonx into its…