A claw back of federal stimulus funds inched closer to reality Tuesday when President Joe Biden signaled he is open to the proposal. “We don’t need it all,” Biden told reporters Tuesday after a closely watched meeting with Congressional leaders to try to reach a deal to lift the nation’s debt limit. “But the question
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Brookfield Asset Management predicts consolidation in the private capital industry as challenging financial markets force smaller players to find homes inside larger institutions, causing a handful of industry giants to emerge. “Every industry eventually goes through consolidation . . . [The] alternatives industry is in the midst of this today,” said Bruce Flatt, chief executive of the Toronto-based
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Singapore government-owned megabank DBS is among the few companies around the world that reaped major benefits from massive cryptocurrency collapses in 2022. DBS Digital Exchange, DBS Bank’s institutional crypto trading platform, saw a significant increase in Bitcoin (BTC) trading volumes last year. According to DBS Digital Exchange CEO Lionel Lim, the number of DBS crypto
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Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve’s decision to hike rates last week. Ethereum remained above $1,800. Bitcoin Bitcoin (BTC) continued
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European stocks followed Asia markets lower on Wednesday as traders nervously awaited the release of closely watched US inflation data, with a stronger than expected figure likely to raise the pressure on the Federal Reserve to continue increasing interest rates. The region-wide Stoxx 600 fell 0.2 per cent and Germany’s Dax dropped 0.3 per cent,
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press release PRESS RELEASE. Massa’s testnet has become a magnet for more than 16 projects since its launch back in July 2021. Interest towards this innovative blockchain ecosystem has exploded since the beginning of this year. But what is it that makes Massa special? Massa is an innovative blockchain network that aims to combine high
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Over 1,000 human trafficking victims were recently rescued from a “fraud factory” in Mabalacat, a town located nearly 90 kilometers northwest of Manila, Philippines law enforcement has said. Michelle Sabino from the Philippine National Police Anti-Cybercrime Group said trafficking victims use social media platforms such as Facebook to lure unsuspecting individuals. Cryptocurrency Scams According to
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Companies attracted by the plan to turn Hong Kong into a hub for digital assets should expect strict regulations, the region has indicated. Authorities are preparing new licensing rules for service providers working with cryptocurrencies and guidelines for banks interacting with crypto firms. Crypto Hub Hong Kong Has No Intentions to Adopt ‘Light-Touch’ Regulations Hong
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