Category: Warns
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Startup Nation Central warns on cybersecurity overdependence
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Startup Nation Central’s H1 2024 report found that while Israeli M&A reached $4.1 billion, the highest number since 2018 and up 70% from H2 2023, the number of actual deals was low, reflecting large acquisitions of cybersecurity companies. In nine deals, Israeli cybersecurity companies were acquired for $1.5 billion, accounting…
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Crypto Analyst Predicts XRP To Hit $1.03 Soon, Warns Of Initial Dip
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XRP price has been on an impressive run in recent days, but that rally came to an abrupt end yesterday. After rising to $0.6378, it temporarily dropped by over 11%. However, popular crypto analyst Dark Defender (@DefendDark) remains bullish in the short term, even if the decline widens further in…
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Putin Warns of Potential Energy Catastrophe
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Russian President Vladimir Putin warned of The looming energy problem It resulted from the rampant growth of Bitcoin mining in his country. Putin stressed that mining activities consume huge amounts of energy, noting that these operations represent about 1.5% of the total electricity consumption in Russia. This is equivalent to…
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Putin Warns of Potential Energy Catastrophe
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Russian President Vladimir Putin warned of The looming energy problem It resulted from the rampant growth of Bitcoin mining in his country. Putin stressed that mining activities consume huge amounts of energy, noting that these operations represent about 1.5% of the total electricity consumption in Russia. This is equivalent to…
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Financial Times: Donald Trump warns US Fed chair not to cut rates before the election
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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…
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Bitfinex expects news-driven Bitcoin gains, but warns of potential selling pressure
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The start of the week saw Bitcoin rise above $63,000, but analysts at Bitfinex warn that the market could face a correction as the week progresses. Bitcoin has gained 5% in the past 24 hours and 13% over the past week. The gains came amid a combination of factors including…
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Australia’s AUSTRAC warns of crypto’s growing role in illicit activities
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Australia’s financial regulator has expressed concern over the surge in the use of digital currency to facilitate illicit transactions. According to the 2024 National Money Laundering Risk Assessment by the Australian Transaction Reports and Analysis Centre (AUSTRAC), a financial intelligence agency, the country has seen a rise in the criminal…
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Six Flags falls after Goldman Sachs warns of a bumpy ride to hitting synergy targets
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Wirestock/iStock Editorial via Getty Images Six Flags Entertainment CorporationNew York Stock Exchange: Fun) fell on Wednesday after Goldman Sachs issued some cautious comments about the theme park company while it was getting coverage. Analyst Lizzie Dove warned that achieving revenue synergies could be difficult for the new company. “We “FUN…
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UK Planning Laws Hinder Investment, Warns Eli Lilly CEO
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The head of the world’s largest drugs company has criticised the UK’s planning system, claiming it stifles investment. Dave Ricks, chief executive of Eli Lilly, a maker of obesity drugs, said current planning processes in the UK were a major barrier to building factories quickly, unlike in the US and…
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Heavily indebted countries can look just fine until suddenly they don’t, BIS warns
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The Bank for International Settlements has warned that heavily indebted countries are at risk of a sudden loss of confidence, although this risk is hardly recognised in bond markets. The Basel-based institution said in its report: Annual Economic Report On Sunday, the World Bank Group released a report stressing that…
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UK’s Energy Security at Risk Due to Political Policies, Warns Serica Energy
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Rishi Sunak and Sir Keir Starmer are putting the offshore oil industry at risk and undermining Britain’s energy security, according to a leading oil and gas firm. David Lattin, the chairman of Serica Energy, has been highly critical, saying that unpredictable taxes and political opposition have made the UK the…
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Japan warns against rapid FX moves, reiterates readiness for action By Reuters
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Written by Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) – Japan is always ready to take action against excessive market moves, Tokyo’s chief currency diplomat Masato Kanda said on Monday, as the yen fell to nearly 160 yen to the dollar, sparking market caution about the possibility of new intervention.…
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South Korean Think Tank Warns Against Approving Crypto ETFs
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Source: Finance Magnates The debate over the approval of cryptocurrency-linked exchange-traded funds (ETFs) in South Korea has taken an interesting turn, with a prominent economic think tank warning of the potential risks associated with such products. The Korea Financial Institute, a respected research institution, has He expressed Concerns that the…
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South Korean Think Tank Warns Against Approving Crypto ETFs
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Source: Finance Magnates The debate over the approval of cryptocurrency-linked exchange-traded funds (ETFs) in South Korea has taken an interesting turn, with a prominent economic think tank warning of the potential risks associated with such products. The Korea Financial Institute, a respected research institution, has He expressed Concerns that the…
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Asian Stocks Falter as Japan Warns on Yen Moves: Markets Wrap
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Breadcrumb links BMN Business Asian stocks fell, kicking off a week of inflation measures that will help guide bets on the global interest rate outlook. The yen stabilized after Japan’s top currency official stepped up the interventionist tone. Article writer: Bloomberg News Catherine Bosley and Matthew Burgess Posted on June…
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Generative AI Set to Disrupt Jobs and Widen Inequality, IMF Warns
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The International Monetary Fund (IMF) has issued a stark warning about the profound labor market disruptions and inequality that AI could cause, urging governments to step up economic protectionism to protect their economies. In a recent report, the International Monetary Fund highlighted that advances in artificial intelligence technology could lead…
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Spain’s CNMV Warns of 8 Unregistered Forex, CFD Firms
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Spain’s National Securities Market Authority (CNMV) has issued new warnings about eight financial companies promoting investment services without proper registration. These companies lack a license from the CNMV to operate in Spain legally. Spanish CNMV flags 8 unregistered Forex and CFD entities The CNMV stated that the companies mentioned in…
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Spain’s CNMV Warns of 8 Unregistered Forex, CFD Firms
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Spain’s National Securities Market Authority (CNMV) has issued new warnings about eight financial companies promoting investment services without proper registration. These companies lack a license from the CNMV to operate in Spain legally. Spanish CNMV flags 8 unregistered Forex and CFD entities The CNMV stated that the companies mentioned in…
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Open letter warns about AI — and it should apply to crypto too
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Both AI and cryptocurrencies move very quickly and are highly technical, making them difficult to regulate – but whistleblowers are being silenced. Another week, another warning about artificial intelligence. But this is an open letter — Expressing concerns that it could exacerbate inequality, fuel misinformation, and lead to uncontrollable artificial…
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New York AG Letitia James warns crypto: ‘Play by the rules’
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New York Attorney General Letitia James warned the cryptocurrency industry against “playing by the same rules as everyone else.” In a May 25 post on her official X account, James stated: “We will go after those who don’t.” see below. History of enforcement James has been in office since 2018…