Author: bitlyfool
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22% of new cars sold in Israel are Chinese
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Relations between Israel and China have deteriorated in recent months. China’s state media has adopted an unsympathetic tone toward Israel, and Chinese government spokesmen are strongly critical of Israel’s actions. There is a worrying security rapprochement between China and Iran, which was reflected in the meeting between the defense ministers…
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How Project Mandala Aims to Smash the Silos of International Payments
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The world is an interconnected tapestry, a web woven from the threads of trade, investment and cultural exchange. Yet the lifeblood of this connection – the flow of money across borders – remains sluggish, bogged down in a bureaucratic quagmire. Disparate regulations, a maze of compliance hurdles, and a lack…
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More Than 90% Stablecoin Transactions Aren’t From Real Users, Reports VISA
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Image from the internet The rapid expansion of the stablecoin market has captured the attention of the cryptocurrency world, with advocates touting these digital assets as a revolutionary force in the $150 trillion global payments industry. However, a recent study, co-developed by Visa, revealed a startling fact – more than…
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How Modi’s BJP plans to win a supermajority in India’s election By Reuters
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Written by Rupam Jain and Tora Agarwala BARPETA/THIRUVANANTHPURAM, India (Reuters) – As voting begins in India’s six-week general election, Narendra Modi’s image adorns everything from rice packets distributed to the poor to large posters in cities and towns. His Bharatiya Janata Party is counting on the Prime Minister’s popularity as…
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All spot Bitcoin ETFs see inflows, analyst doubts dynamics will repeat
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All 11 Bitcoin ETFs saw inflows for the first time since their launch in January. According to Bloomberg analyst Eric Balchunas, such dynamics were recorded on May 3. However, he expressed doubts that such dynamics could happen again. For the first time ever, 1D is flowing green, and there is…
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Buy stocks in May because inflation is set to plunge through the rest of 2024, Fundstrat’s Tom Lee says
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Photo by Cindy Ord/Getty Images for Yahoo The stock market is offering a buying opportunity this month, according to Fundstrat’s Tom Lee. This is because inflation is expected to fall “significantly” over the rest of the year, Lee predicted. He pointed to the lag in the consumer price index, with…
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Daily Broad Market Recap – May 6, 2024
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Major financial assets started the week quietly as the lack of market drivers gave traders room to prepare for potential catalysts this week. How did your favorite assets perform yesterday? Titles: Caixin China Public Service PMI For April: 52.5 vs. 52.7 previously; Price indices rose. Composite PMI improved from 52.7…
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Coinbase Faces Lawsuit for Alleged Deception in Selling Unregistered Securities
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Cryptocurrency exchange Coinbase and its CEO, Brian Armstrong, are facing a new lawsuit from a group of plaintiffs from California and Florida who claim they were deceived into buying unregistered securities. This is not the first legal hurdle Coinbase faces following a lawsuit filed by the US Securities and Exchange…
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Oil edges higher on renewed Middle East tensions, Saudi price hikes (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil recovered part of the heavy losses incurred last week, with the Middle East risk premium returning to the market as Israel prepares to launch a military attack on the city of Rafah, located in the far south of the Gaza Strip, where hundreds…
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Bank of England Financial Policy Committee member Hall speaks on Tuesday
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Australian Court Gives Win To Watchdog
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Recent reports revealed that the Australian Securities and Investment Commission (ASIC) has obtained its first victory in a cashless payment case involving cryptocurrencies. According to the documents, an Australian court has partly ruled in favor of the watchdog’s claim against BPS Financial Pty Ltd (BPS). “Qoin Scheme” earns $26 million…
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‘Punched, kicked, grabbed, and brushed up against’—nurse’s husband sues her employer after she was strangled on the job
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The husband of a visiting Connecticut nurse who was killed during an appointment with a convicted rapist filed a wrongful death lawsuit Monday, alleging her employer repeatedly ignored worker safety concerns about treating dangerous patients. Ronald Grayson filed a lawsuit against Elara Caring, its affiliates, and others for the murder…
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Federal judge sends FedEx contractor’s racketeering claim to arbitration By Reuters
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LOS ANGELES (Reuters) – A federal judge ruled on Monday that a small company contracted to deliver packages for FedEx (NYSE:) on the California-Oregon border must go to arbitration with FedEx over claims it made against the company for extortion and other alleged legal violations. . In granting FedEx Ground’s…
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DIY Multisig vs. Collaborative Custody Multisig
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Originally published on Unchained.com. Unchained is the official US Collaborative Custody partner of Bitcoin Magazine and an integral sponsor of related content published through Bitcoin Magazine. For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website. Visit unchained.bitcoinmagazine.com for resources…
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Mastercard and I&M Extend Alliance Enhancing Cardholder Value in Kenya
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Mastercard and I&M Bank have announced the extension of their strategic collaboration through an 8-year alliance aimed at enhancing value propositions for cardholders in Kenya. The partnership aims to provide benefits through distinct competitive customer value propositions offered by I&M Bank’s debit and credit card portfolio. Providing valuable and secure…
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9% Surge Recaptures Key Level, Records 160% TVL Growth In Q1
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Decentralized application (dApp) platform Near Protocol showed notable growth in key metrics during the first quarter (Q1) of 2024, pushing its native token NEAR to reclaim a crucial key level and paving the way for a potential retest of its all-time high (ATH) from January. 2022. According to another a…
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Lab Grown Diamonds for Engagement Ring
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When it comes to choosing the perfect engagement ring, couples today have more options than ever before. One increasingly popular option is lab-grown diamonds. these Lab grown diamond engagement rings It offers many benefits, from ethical considerations to affordability and quality. However, navigating the world of lab-grown diamonds can be…
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Forexlive Americas FX news wrap 6 May: US stocks extend gains from last week. USD mixed.
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It was a quiet day on the economic events front with only April ’employment trends’ on the economic calendar. This index fell to its lowest level since May 2021, but the market largely ignored it. There were two Fed officials speaking. President of the Federal Reserve Bank of Richmond Barkin…