Category: scrutiny
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Citi reports solid Q2 amid regulatory scrutiny By Investing.com
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Citigroup Inc. (NYSE:) reported a strong second quarter for 2024, with a net income of $3.2 billion and earnings per share (EPS) of $1.52. The bank saw revenues increase by 4%, with notable growth in its Services, Markets, Wealth, and US Personal Banking divisions. Despite the positive financial performance, Citigroup…
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Microsoft and Apple abandon OpenAI board seats amid regulatory scrutiny
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Microsoft and Apple have withdrawn from their observer seats on OpenAI’s board of directors in response to global regulatory concerns about the relationships between big tech companies and influential AI startups. Microsoft, which has invested $13 billion in OpenAI, has informed the ChatGPT maker that it is resigning “effective immediately”…
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CFTC Investigates Into Jump Trading’s Crypto Activities Amidst Heightened Regulatory Scrutiny
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The world of cryptocurrencies has been no stranger to regulatory scrutiny, and the latest development in this ongoing saga is the Commodity Futures Trading Commission’s (CFTC) investigation into prominent Chicago-based trading firm Jump Trading. As the cryptocurrency industry continues to evolve, regulatory bodies such as the CFTC are stepping up…
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CFTC Investigates Into Jump Trading’s Crypto Activities Amidst Heightened Regulatory Scrutiny
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The world of cryptocurrencies has been no stranger to regulatory scrutiny, and the latest development in this ongoing saga is the Commodity Futures Trading Commission’s (CFTC) investigation into prominent Chicago-based trading firm Jump Trading. As the cryptocurrency industry continues to evolve, regulatory bodies such as the CFTC are stepping up…
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Stablecoins Under Scrutiny: Study Reveals 90% Non-User Transactions
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A recent study by Visa and Allium Labs revealed that more than 90% of stablecoin transactions do not originate from real users. These findings raise questions about the potential for stablecoins to revolutionize the payments sector despite industry leaders’ optimism and overall positive market sentiment. Potential of stablecoins in payments…