Day: November 28, 2023

Standard Chartered Becomes First International Bank to Participate in Digital RMB Business Pilot

China has rolled out its digital RMB interconnection platform with Standard Chartered Bank that is expected to use it in streamlining cross-border payments and other services. The People’s Bank of China (PBoC) has made significant progress in rolling out the digital Renminbi ( e-CNY) during the past year. With about 26 digital RMB active pilot areas that cover mainland China and cross-border services, the China branch of Standard Chartered Plc (LSE: STAN) has announced that it will access the digital RMB interconnection platform through the City Bank Clearing Services Co.,…

Hospitals urged to improve data protection standards following incident at NHS Fife

The Information Commissioner’s Office (ICO) has issued a reprimand to NHS Fife, after an unauthorised person was able to enter a ward and access the personal information of 14 patients. In February 2023, an unauthorised person gained access to a ward. Due to a lack of identification checks and formal processes, the non-staff member was handed a document containing personal information of 14 people and assisted with administering care to one patient. The data was taken off site by the person and has not been recovered. While the hospital had…

Chinese Fashion Giant Shein Files for US IPO to Expand Its Global Presence

Shein has hired three US-based financial companies – Goldman Sachs, JPMorgan Chase, and Morgan Stanley – as underwriters for the upcoming IPO. Famous Chinese online fashion company Shein has filed to go for an IPO in the United States as part of its efforts to expand its footprint in one of the largest apparel markets in the world, Reuters reported Tuesday, citing two people familiar with the matter. According to the report, the company has confidentially filed with United States regulators to conduct an initial public offering (IPO) sometime next…

Cryptocurrency Trading, International Expansion, & Regulatory Excellence

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Can you provide a succinct description of RaiseFX and its overarching philosophy in the world of online trading? David Bottin (DB): Absolutely. RaiseFX is not just an online broker; it’s a paradigm shift in how we approach trading. We are a multi-awarded and multi-regulated global CFD broker with over 50,000 active traders who believe in simplicity and excellence. So, we are an international company with a local focus, hiring local talent and continuously exploring synergies with local partners & clients, allowing us to understand and cater to local trends and…

Amnesty International head says AI innovation vs. regulation is ‘false dichotomy’

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The secretary-general of Amnesty International, Anges Callamard, released a statement on Nov. 27 in response to three European Union member states pushing back on regulating artificial intelligence (AI) models.  France, Germany and Italy reached an agreement that included not adopting such stringent regulations for foundation models of AI, which is a core component of the EU’s forthcoming EU AI Act. This came after the EU received multiple petitions from tech industry players asking the regulators not to over-regulate the nascent industry. However, Callamard said the region has an opportunity to…

What are sniper bots, and how to stop token sniping exploits?

What is a sniper bot? Sniper bots are automated software programmed for specific actions at predetermined times to find applications in online auctions, sales and crypto trading, ensuring precise market transactions. In the context of online activities, an automated software or script programmed to carry out particular acts at predetermined times is called a sniper bot. A sniper bot is frequently used in the world of online sales and auctions to make purchases or submit bids in the closing seconds of a sale or auction with the goal of outbidding…

Coinbase (COIN) Stock Soars to 18-Month High as Investors Crypto Interest Grows despite Binance Legal Issues

COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price climb over 250% so far this year. This brings the company close to its valuation from before the massive crypto crash of 2022. Last year’s cryptocurrency decline started with the implosion of TerraUSD, a so-called “stablecoin” whose value was…

Bitcoin metric that ‘looks into future’ eyes $48K BTC price around ETF

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Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot price exchange-traded fund (ETF). As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation. Analysis: $43,000 BTC price is “most conservative level” Bitcoin is in a rare position on weekly timeframes when it comes to Ichimoku Cloud signals. As Cointelegraph reported, the indicator, which combines past, present and future trading cues, suggests that the BTC price gains have only just begun. In a post on X (formerly…

BMO Anticipates S&P 500 Reaching Historic 5,100 Mark by 2024

Analysts at BMO Capital Markets are bullish about the stock market in 2024, suggesting that the S&P 500 will climb 12% next year. Market strategists at BMO Capital Markets are optimistic about the trajectory of US stocks in 2024, projecting solid but slightly tempered gains compared to 2023. BMO Chief Investment Strategist Brian Belski and his team anticipate a continuation of the bull market, with the S&P 500 potentially reaching 5,100 by the end of 2024. This indicates an approximate 12% increase from current levels. The strategists emphasize the continuity…