Global investment bank UBS predicts continued pressure on the U.S. dollar and further gold price increases. “We expect the U.S. dollar to stay under pressure as yield differentials narrow,” UBS explained, adding: “Gold’s rally has further to run.” UBS highlighted that gold has gained over 24% this year, driven by increased investment demand, and expects […] Source CryptoX Portal
Day: September 17, 2024
Analyst Predicts New ‘Blood Monday’ With 0.50% Fed Rate Cut Looming
Este artículo también está disponible en español. As Bitcoin (BTC) grapples with a challenging market environment, it has struggled to regain momentum, hovering around the $53,000 and $60,000 levels for six consecutive weeks. After losing the crucial $70,000 threshold on August 1, the largest cryptocurrency remains at risk of further declines, particularly with the upcoming Federal Reserve (Fed) meeting on September 18, where a 0.50% rate cut could significantly impact its price. BTC’s Future Hangs In Balance Recent insights from crypto analyst Doctor Profit suggest that the market is closely…
Action taken against Sky Betting and Gaming for using cookies without consent
We have issued a reprimand to Bonne Terre Limited, trading as Sky Betting and Gaming, for unlawfully processing people’s data through advertising cookies without their consent. From 10 January to 3 March 2023, Sky Betting and Gaming was processing people’s personal information and sharing it with advertising technology companies as soon as they accessed the SkyBet website – before they had the option to accept or reject advertising cookies. This meant their personal information could be used to target them with personalised adverts without their prior consent or knowledge. We…
UK Finance, Member Banks Barclays, Citi UK, HSBC, Natwest See Benefits During Tokenization, CBDC Platform Experiment
“Working in partnership, we have demonstrated how this platform supports developments in money and payments aligned to common public and private sector objectives, while also providing clear and long-term customer and industry benefits,” Peter Left, co-chair of the RLN Project, said in the statement. Source