Author: Investor Empires
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Banks switch to upgraded system for large payments
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Banks and microfinance banks have begun testing the updated system for sending high-value financial transactions to speed up transfers while tightening screening for fraud. Banks on Monday began testing the updated system that incorporates ISO 20022 — a global standard for exchanging electronic messages between financial institutions using standardized messaging…
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Canada’s Annual Headline CPI Slowed to 2.0% in August, Lowest Reading Since February 2021
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Canada released another batch of weaker-than-expected inflation numbers, with the core consumer price index slowing from 2.5% to 2.0% year-over-year in August — its lowest reading since February 2021. On a monthly basis, the headline CPI fell 0.2% versus consensus for a flat reading and a previous increase of 0.4%.…
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Bitcoin’s Future in Payments: Overcoming Stablecoin Dominance with Fiatless Fiat
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Stablecoins have so far dominated the crypto payments market, but some Bitcoin developers believe there is a proposal that could offer a legitimate alternative. Seven years ago, Dorier, a veteran developer, set out to democratize Bitcoin payment processing by launching a free, open-source alternative to the then-dominant BitPay software: BTCPay…
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Bitcoin’s Future in Payments: Overcoming Stablecoin Dominance with Fiatless Fiat
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Stablecoins have so far dominated the crypto payments market, but some Bitcoin developers believe there is a proposal that could offer a legitimate alternative. Seven years ago, Dorier, a veteran developer, set out to democratize Bitcoin payment processing by launching a free, open-source alternative to the then-dominant BitPay software: BTCPay…
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UK Retailers Enjoy 40% Boost in Summer Sales as Price Cuts Drive Demand
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According to data from e-commerce marketing platform Omnisend, retailers across the UK saw a 40% increase in product sales during the summer of 2024. This rise came after a busy sales season in June, July and August, with 237,000 additional sales recorded compared to the same period in 2023. Total…
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NZDUSD Technical Analysis – The USD stays under pressure ahead of the FOMC
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Basic Overview Last Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40% from 13% before the news. Nick Timiraos is…
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XRP To Have ‘The Mother’ Of All Bull Runs, Analysts Set Targets
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This article is also available in Spanish. XRP’s recent price action has sparked broader bullish sentiment among crypto investors and analysts. The cryptocurrency’s 10% surge over the past week has pushed the price to levels not seen in nearly a month, continuing its green performance on most long-term timeframes. As…
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Longshoremen at key US ports threatening to strike over automation and pay
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Tom Kreischer Published on September 18, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content In an attempt to thwart the automation of…
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Japan stocks higher at close of trade; Nikkei 225 up 0.37% By Investing.com
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Investing.com – Japanese stocks were higher after the close on Wednesday, as gains in the banking and services sectors led shares higher. At the end of trading in Tokyo, the index rose by 0.37%. The best performers in the session were: M3 Company (TYO:), which rose 5.30% or 71.50 points…
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What is the U.S. dollar’s role in stablecoin ecosystems?
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Stablecoins have seen explosive growth in the last four years, increasing from a $17.6 billion market capitalization to $170.6 billion. The number of holders has also skyrocketed from 3.78 million to 119.72 million. However, this growth brings critical questions. How safe is it to hold stablecoins? How secure are the…
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What is the U.S. dollar’s role in stablecoin ecosystems?
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Stablecoins have seen explosive growth in the last four years, increasing from a $17.6 billion market capitalization to $170.6 billion. The number of holders has also skyrocketed from 3.78 million to 119.72 million. However, this growth brings critical questions. How safe is it to hold stablecoins? How secure are the…
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Kahlon to be indicted subject to hearing on Unetcredit affair
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The State Prosecutor’s Office has informed former Finance Minister Moshe Kahlon, who served as chairman of the board of directors of the non-banking credit company UnitCredit, and controlling shareholders and other executives Tzachi Ezer, Shai Pinso and Shlomo Itzhak, that it is considering bringing them to trial on a number…
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Asia FX firm, dollar drifts lower with Fed rate cut in sight By Investing.com
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Most Asian currencies rose on Wednesday, while the dollar fell as markets braced for a widely expected interest rate cut by the Federal Reserve later in the day. Public holidays in Hong Kong and South Korea limited overall trading volumes, while the Chinese yuan weakened as domestic trade resumed after…
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Binance Denies WazirX’s ‘Inaccurate And Misleading’ Claims
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Global exchange Binance has addressed “misleading” claims made by hacked exchange WazirX, denying any involvement with the Indian exchange and demanding “accountability” from its team after $235 million worth of crypto was stolen. The clarification comes after the WazirX team suggested that users may have to wait until the dispute…
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Central European floods leave trail of devastation; new areas to evacuate By Reuters
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Written by Kuba Steziecki, Janis Laizan and Radovan Stoklasa WROCLAW, Poland/OSTRAVA, Czech Republic (Reuters) – Volunteers and emergency workers raced to secure river banks in Poland’s historic city of Wroclaw on Tuesday as nearby municipalities advised residents to evacuate their homes and authorities across central Europe counted the cost of…
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Daily Broad Market Recap – September 17, 2024
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Markets still look uneasy ahead of this week’s FOMC decision, with correlations between markets appearing to be in disarray even as the US dollar welcomed the bullish surprise in core retail sales. Crude oil prices were volatile while gold prices retreated from their all-time highs. Meanwhile, stock indexes closed almost…
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REGULATING BITCOIN AND CRYPTO IN NIGERIA: CROSSROADS BETWEEN CAPITAL CONTROL AND FINANCIAL FREEDOM
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The rise of Bitcoin and digital assets has sparked a classic battle, with governments acting as watchful hawks, trying to control a fast and elusive technology like a deer darting across a decentralized savanna. In Nigeria, this struggle is as tangled as the dense foliage of a forest, with regulators…
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REGULATING BITCOIN AND CRYPTO IN NIGERIA: CROSSROADS BETWEEN CAPITAL CONTROL AND FINANCIAL FREEDOM
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The rise of Bitcoin and digital assets has sparked a classic battle, with governments acting as watchful hawks, trying to control a fast and elusive technology like a deer darting across a decentralized savanna. In Nigeria, this struggle is as tangled as the dense foliage of a forest, with regulators…
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Starbucks North America CEO Michael Conway Quits After Just 6 Months In The Position
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Starbucks North America CEO Michael Conway resigns after just 6 months on the job In a surprising move, Michael Conway, Starbucks The CEO of North American company (NASDAQ:SBUX) has resigned, after just six months in the job. What happenedConway, who took over in April, informed the company of his decision…
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ForexLive Asia-Pacific FX news wrap: Awaiting the Federal Open Market Committee (FOMC) cut
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…