Blockchain oracle service provider Chainlink (LINK) is working on a pilot project for Brazil’s proposed central bank digital currency (CBDC) called DREX with Microsoft and other firms in the country. In a press release, Chainlink says it is collaborating with Microsoft Brazil, digital bank Banco Inter and blockchain finance firm 7COMm to build a trade […]
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USDT-issuer Tether is investing in Quantoz Payments to launch new Markets in Crypto-Assets Regulations (MiCAR)-compliant stablecoins in the European markets. According to a new Tether announcement, the crypto firm says its launching two new stablecoins, EURQ and USDQ, via Tether’s Hadron platform. Says Tether, “These stablecoins represent a significant milestone in advancing grassroots-regulated digital asset […]
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Maritime fintech startup Shipfinex secured $1.5 million in seed funding to democratize maritime finance through blockchain-enabled fractional ownership of maritime assets. Democratizing Maritime Finance Shipfinex, a maritime fintech startup, recently announced it has secured $1.5 million in seed funding. Gaurav Mehta, chairman of shipping asset trader Best Oasis Limited and Dubai-based company SPM Shipping DMCC, […]
Several Wall Street banking giants are forecasting blue skies for US equities – at least until 2024 comes to a close. Morgan Stanley chief US equity strategist Mike Wilson tells Bloomberg that he expects the S&P 500 to revisit all-time high levels by the end of the year. But Wilson warns equities will likely see […]
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Vitalik Buterin is outlining his vision for new crypto use cases pertaining to prediction markets following the rise of betting site Polymarket. In a new blog post, Buterin says that prediction markets are just one example of a “much larger incredibly powerful category,” which he dubs “info finance.” Says Buterin, “Info finance is a discipline […]
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The second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing with the U.S. Securities and Exchange Commission (SEC), Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 billion due to investigations from the Consumer Financial Protection […]
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A US regulator has announced a settlement with Goldman Sachs and Apple that will send nearly $20 million to Apple customers. The Consumer Financial Protection Bureau (CFPB) says Goldman Sachs and Apple “illegally mishandled transaction disputes” from Apple Card users – accusing Apple of failing to forward a significant number of reported issues to the […]
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Billionaire Warren Buffett is buying a “high flying” asset after significantly reducing his exposure to the US banking industry, according to a new report. The renowned investor has sold $10.5 billion of Berkshire Hathaway’s stake in Bank of America since the summer, after selling all of the firm’s JPMorgan Chase and Wells Fargo positions in […]
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SafePal’s new Mini Wallet App will enable 950 million Telegram users to create individually owned and compliant crypto-friendly Swiss bank accounts, the firm said.
Self-custodial cryptocurrency wallet SafePal is joining Telegram’s rapidly growing crypto ecosystem by launching a Mini App wallet on Messenger.
SafePal officially introduced its Telegram Mini Wallet App on Nov. 2 after announcing pre-launch during a keynote at the TON Gateway event dedicated to The Open Network (TON) ecosystem.
According to an announcement shared by SafePal, its new Mini Wallet App will enable 950 million Telegram users to create individually owned and compliant crypto-friendly Swiss bank accounts.
JPMorgan Chase is handing $100 million to customers after settling a wave of allegations from the U.S. Securities and Exchange Commission. The bank is settling five separate cases with the agency and will pay an additional $51 million to regulators, for a total of $151 million. The alleged violations include misleading disclosures, breaches of fiduciary […]
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