Author: Investor Empires
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House Passes FIT21 Bill To Provide Crypto Legal Clarity With Two Thirds Majority
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The US House of Representatives on Monday passed legislation that will provide long-awaited legal clarity on how crypto assets are classified, registered and custody. The bill, titled the Financial Innovation and Technology for the 21st Century (FIT21) Act, received near-unanimous support from Republicans along with an additional 71 votes from…
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Rising Benefits and Tax Cuts Push UK Borrowing to Three-Year High
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UK government borrowing rose to £20.5 billion in April, its highest level in three years. This increase was driven by a growing benefits bill and a decline in tax revenues following reductions in National Insurance contributions. Official figures from the Office for National Statistics (ONS) revealed that borrowing exceeded both…
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PMI data in focus in European trading today
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The dollar maintains its stability again, after the slight gains it achieved yesterday. USD/JPY is vying for last week’s high at 156.78 while EUR/USD is pulling back towards a test of its 100-day moving average at 1.0814. This comes after the Fed’s meeting minutes were released overnight, which although more…
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Worldcoin Project Halted In Hong Kong By Privacy Commission
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The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has served an enforcement notice to Worldcoin, a cryptocurrency project co-founded by OpenAI CEO Sam Altman, asking them to cease operations. The decision concludes the investigation that PCPD began in January 2024. Hong Kong suspends Worldcoin activities…
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Will ‘Finland’s Achilles Heel’ Become a Problem for Europe?
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Breadcrumb Trail Links PMN Business The Aland Islands are variously described as the lock to Finland, a pistol pointed at Sweden, and a beacon of peace. Author of the article: Bloomberg News Danielle Bochove and Leo Laikola Published May 23, 2024 • 7 minute read You can save this article…
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Jubilant FoodWorks Poised for Massive Expansion; ProTips Gives Valuable Info By Investing.com
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Jubilant FoodWorks Ltd (JFL), the master franchisee of Domino’s Pizza in India and several other markets, with a market capitalization of INR 31,517 crore, announced plans on Wednesday to significantly expand its store network. The company aims to increase Domino’s Pizza outlets from 2,793 to more than 5,500 across six…
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Ordinals Unleashed: How Ordinals Are Reshaping Bitcoin’s Blockchain
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This article was published in Bitcoin Magazine “The question of inscription.” Click here For your annual subscription to Bitcoin Magazine. This article is based on data as of November 15, 2023. The data in this article was prepared by SQRR Research, https://sqrr.xyz Bitcoin, not blockchain Bitcoin, not blockchain. This has…
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Ordinals Unleashed: How Ordinals Are Reshaping Bitcoin’s Blockchain
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This article was published in Bitcoin Magazine “The question of inscription.” Click here For your annual subscription to Bitcoin Magazine. This article is based on data as of November 15, 2023. The data in this article was prepared by SQRR Research, https://sqrr.xyz Bitcoin, not blockchain Bitcoin, not blockchain. This has…
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Israel falling behind on AI, study finds
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A new study conducted by the Institute for Policy and Research Israel rises In collaboration with Google, an examination of Israel’s place in the global AI race reveals some troubling trends, including only a moderate rise in investment in generative AI compared to other countries, and an expected shortage of…
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Sam Bankman-Fried Is Set for Prison Transfer amid Appeal Preparations
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Federal officials have begun the process of transferring Sam Bankman-Fried, founder of cryptocurrency exchange FTX, to a new prison despite his preference to remain in New York to help prepare his appeal. According to a report by the Wall Street Journal today (Wednesday), this decision was made to bypass Bankman…
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What’s Next for the Crypto?
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XRP price started a new decline after failing near $0.5570. The price is now correcting its gains and could fall sharply if it breaks the 100 hourly simple moving average. XRP struggled near the $0.5570 area and pared its gains. The price is now trading below the $0.5350 level and…
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Close to 1 in 2 Thais Worried About Being Scammed As Real-Time Payment Risks Grow By Investing.com
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45% of Thais are more concerned about being tricked into paying a criminal BANGKOK–(Business Wire/AETOSWire)–(NYSE: FICO) Highlights Payment fraud is the top financial crime that worries 45% of Thais Concerns about identity theft remain, with 61% believing they have been or may have been victims 36% of Thai consumers consider…
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Canadian dollar under pressure amid rate cut expectations By Investing.com
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Inavesting.com – The Canadian dollar has underperformed compared to other pro-cyclical currencies since the beginning of May, dragged down by its correlation to US economic data and interest rate expectations from the Federal Reserve. Market analysts expect a 25 basis point interest rate cut by the Bank of Canada in…
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FIT21 bill passed by US House of Representatives
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The US House of Representatives approved the FIT21 bill by a vote of 279 to 136, advancing it to the Senate. This initial approval of the Financial Innovation and Technology for the 21st Century (FIT21) Act could significantly impact the cryptocurrency market, indicating bullish sentiment across the market. This bill…
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Stocks are ‘going nowhere’ for the next decade as inflation sticks around and US debt balloons, CIO says
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Bonhill/Getty Images Investment vet Bill Smead said the stock market will see poor returns over the next 10 to 15 years. The head of IT at Smead Capital warned that inflation is likely to persist in the long term. This could lead to a situation similar to what happened in…
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Stocks are ‘going nowhere’ for the next decade as inflation sticks around and US debt balloons, CIO says
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Bonhill/Getty Images Investment vet Bill Smead said the stock market will see poor returns over the next 10 to 15 years. The head of IT at Smead Capital warned that inflation is likely to persist in the long term. This could lead to a situation similar to what happened in…
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US Prosecutors Push for 5-7 Year Prison Sentence for Ex-FTX Exec
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Federal prosecutors are demanding a five- to seven-year prison sentence for former FTX CEO Ryan Salama, who was implicated in its multibillion-dollar collapse. His defense team asserts that his sentence should reflect his role in exposing the fraud, and is demanding a reduced sentence of no more than 18 months.…
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D.C. Democrats send findings of Big Oil investigation to Justice Department (NYSEARCA:XLE)
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Imagine/E+ via Getty Images Democratic lawmakers on Capitol Hill said Wednesday that they had forwarded the results of their votes to the Justice Department Investigating major oil companies and whether the industry has deceived the public about the effects of fossil fuels on climate change. in Letter to the Ministry…
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OpenAI, News Corp sign content sharing deal; shares surge By Investing.com
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Investing.com — Artificial intelligence major OpenAI and News Corp (NASDAQ:) said Wednesday they have signed an agreement under which OpenAI will be given access to some of the biggest news publications under the media powerhouse. News of the deal saw News Corp shares rise in after-hours trading, with its Class…
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Dogecoin ETFs Move To The Fore: Can Positive Sentiment Drive It To $0.35?
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Idea A Dogecoin (DOGE) Exchange-Traded Fund (ETF) It has been uploaded again. This is partly due to positive feelings about potential approval Ethereum ETFsWhich cryptocurrency experts believe may open the door for others Crypto money. Prospects for Dogecoin ETF ‘brighter than ever’ Crypto venture capitalist (VC) Andrew Kang mentioned in…