Month: April 2023

Gemini to open engineering and operations center in India 

Gemini has announced its plans to expand its engineering and operations offices in Gurgaon, India. The exchange is utilizing India’s history of superior engineering to hasten the creation of next-generation web and mobile experiences. Gemini to tap into India’s engineering talent Gemini, a cryptocurrency exchange and custodian in the United States that enables users to purchase, sell, and store digital assets, has announced its plans to open an engineering office in Gurgaon, India. The move comes after Gemini attempts to hasten the development of goods and services for its global…

Treasury Secretary Yellen Says US Government Will Take ‘Any Steps Necessary’ to Preserve Its Financial Dominance – Finance Bitcoin News

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According to U.S. Treasury Secretary Janet Yellen, the United States government is prepared to take the steps necessary to ensure its financial system remains the world’s strongest and safest. Yellen said that the U.S. government will not hesitate to punish Chinese companies that violate its Russian sanctions policy. U.S. Ready to Shore up Its Financial System The U.S. Treasury Secretary Janet Yellen said while her country’s financial system is still in good shape the United States government is still prepared to take “any necessary steps” to ensure it remains the…

How is artificial intelligence revolutionizing financial services?

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The future of AI in finance is exciting, with the potential to improve efficiency, accuracy and customer experience. However, it will be essential for financial institutions to carefully manage the risks and challenges associated with the use of AI. The use of AI in financial services has the potential to significantly improve the sector. Several facets of finance have already been transformed by AI, including fraud detection, risk management, portfolio optimization and customer service. Automating financial decision-making is one area where AI is anticipated to have a large impact in…

Bitcoin traders call for calm as BTC price slips 10% in a week

Bitcoin (BTC) barely held $27,000 on April 22 as another round of losses left bulls with little firepower. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Giant RSI support retest greets Bitcoin bulls Data from Cointelegraph Markets Pro and TradingView showed BTC/USD just preserving the $27,000 mark on the day after the Wall Street trading week ended on a sour note. In contrast to United States equities, which managed to seal modest gains on the day, Bitcoin continued to suffer as analysts warned of a return to nearer $25,000. With that,…

Gemini launches non-US crypto derivatives platform amidst regulatory crackdown

As the regulatory crackdown on cryptocurrency exchanges in the United States continues, Gemini, a leading cryptocurrency exchange, has announced the upcoming launch of Gemini Foundation, a non-US crypto derivatives platform.  The move comes amid growing scrutiny by the United States watchdogs, including the Securities and Exchange Commission (SEC), which has been targeting exchanges like Binance, Kraken, and Coinbase. Gemini Foundation’s first derivatives contract will be bitcoin (BTC)perpetual contract denominated in Gemini dollars (GUSD), with an ETH/GUSD perpetual contract set to launch soon after. The platform will allow eligible customers in 30 countries, including…

BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds – Finance Bitcoin News

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The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the placement will be used to fund “green” projects supported under the banking institution’s sustainable financing policy. BRICS Development Bank Launches 3-year ‘Green’ Bonds The New Development Bank (NDB), founded by the BRICS bloc, has placed three-year “green” bonds on international capital markets in the amount of $1.25 billion, the bank announced in a press release on Thursday, quoted by the Tass news agency. The benchmark bond has…

SafeMoon hacker agrees to return 80% of stolen funds: Finance Redefined

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Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. This week in DeFi saw the hacker behind the $8.9 million SafeMoon exploit agree to return the majority of the stolen funds. According to the project’s developers, the hacker will return 80% while keeping the remaining 20%. United States crypto lender BlockFi was granted an additional 48-day extension to submit its exit plan by a New Jersey bankruptcy judge, exploring the potential…

Mattel joins forces with Rarible and Flow to launch P2P digital collectibles marketplace

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Mattel has partnered with the Rarible NFT platform and Flow blockchain to launch a peer-to-peer (P2P) digital collectibles marketplace for its users. The NFT marketplace is scheduled to go live on April 27. Mattel unveils P2P NFT marketplace  Mattel Inc., an American multinational toy manufacturer established in 1945, has launched its P2P digital collectibles marketplace to complement the Mattel Creations Virtual Collectibles platform.  The new digital collectibles marketplace, developed in collaboration with Rarible, Magic, and Flow,…

Korean Central Bank to Gain Right to Probe Virtual Asset Entities After Financial Regulator Drops Opposition – Regulation Bitcoin News

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The South Korean central bank is set to be granted the right to investigate virtual assets after the Financial Services Commission (FSC) dropped its opposition to the move. According to a report, the FSC dropped its opposition to the central bank’s bid after it was accused of seeking to make itself the country’s sole regulator of virtual assets. The Battle to Control and Regulate Virtual Assets The Bank of Korea (BOK) is set to be granted its wish to investigate virtual assets after the country’s Financial Services Commission reportedly dropped…

Yuga Labs scores court battle win, Mandala Metaverse to drop on Polkadot and more…

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Bored Ape Yacht Club (BAYC) creators Yuga Labs has scored a key win in its long-running court battle with Ryder Ripps, the co-creator of copycat NFT project RR/BAYC. Yuga Labs initially filed a complaint against Ryder Ripps and co-founder Jeremy Cahen back in July 2022, alleging that the duo had engaged in trademark infringement, false advertising, and unfair competition, among other things. In a pre-trial summary judgment ruling on April 21, a U.S. district court in central California found that Ripps and Cahen had infringed Yuga Lab’s trademarks with their…