Tag: News

Doctor Doom Predicts AI-Powered Boom of World Economy – Economics Bitcoin News

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Key Takeaways: Nouriel Roubini predicts AI will drive markets, pushing future US growth to 4% by 2030 despite politics. At the Greenwich Economic Forum, Roubini noted AI is no bubble, driving tech markets for the next 20 years. Per Roubini, US tech dynamism ignores politics; AI innovation will push future economic growth to 10% by 2050. Nouriel ‘Doctor Doom’ Roubini Forecasts Jump In World Economies As AI Grows While some analysts have become pessimistic about the effects of the growing international adoption of artificial intelligence (AI), others believe it will…

Goldman Sachs Strategist Says AI Disruption Fears Will Linger for Years in Software Stocks – Bitcoin News

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Key Takeaways: Goldman Sachs strategist Ben Snider warned April 13 that AI disruption fears could weigh on growth stocks for years. Servicenow fell 48% and Salesforce dropped 36% YTD as per-seat licensing models face AI-driven “seat compression,” according to Yahoo Finance author Brian Sozzi’s reporting. Meta, Amazon, and Alphabet are positioned to recover first as Goldman targets selective exposure heading into 2027. AI Fears Drive Software Stock Collapse in 2026, Goldman Sachs Strategist Warns No Quick Rebound The warning, reported on by Yahoo Finance’s Brian Sozzi on Monday, lands as…

Ondo Finance Seeks SEC No-Action to Integrate Blockchain Into Securities Infrastructure – Regulation Bitcoin News

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Key Takeaways: Ondo Finance seeks SEC no-action relief for tokenized securities model on Ethereum. Structure improves utility without altering existing legal framework for securities. Bitgo custody supports tokenized entitlements on Ethereum for operational processes. Ondo Finance Advances Blockchain-Integrated Recordkeeping Model Blockchain integration into regulated securities markets is advancing toward architectures that combine traditional custody with on-chain efficiency. Digital asset firm Ondo Finance submitted a no-action letter request on April 13 to the U.S. Securities and Exchange Commission (SEC) Division of Trading and Markets tied to Ondo Global Markets (OGM). It…

Bitcoin Shrugs off Strait of Hormuz Blockade to Hit $72,629 Intraday High – Markets and Prices Bitcoin News

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Key Takeaways: Bitcoin rose to $72,629 on April 13, recovering from a flash crash caused by failed U.S.-Iran talks. The Strait of Hormuz blockade pushed oil to $100, triggering $59 million in Bitcoin short liquidations. Analysts expect a U.S. confrontation with the IRGC as China weighs a response to the naval blockade. Failed Ceasefire Talks Trigger Flash Volatility Bitcoin shrugged off renewed geopolitical tensions sparked by a U.S. Navy blockade of the Strait of Hormuz, rising to an intraday high of $72,629 around 1:30 p.m. Monday. The rally marked a…

Robinhood Restricts High-Risk Prediction Contracts Amid Israel Insider Trading Charges, Iran Bet Scrutiny – iGaming Bitcoin News

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Key Takeaways: Robinhood excluded “mention markets” from its platform, citing insider trading and market manipulation risks Suspiciously timed Polymarket bets before the U.S. strike on Iran and Israeli insider trading charges have intensified scrutiny across the sector Prediction market volumes have surged past $20 billion per month, up from $1.2 billion in early 2025 Robinhood Mention Markets Dropped Over Manipulation Risk Robinhood UK President Jordan Sinclair told the Financial Times on Sunday that the company is “very focused on market abuse, insider trading.” He added: “We don’t necessarily offer all…

Starkware Cuts Jobs as Starknet Revenue Collapses – Crypto News Bitcoin News

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Key Takeaways: Starkware revenue fell from close to $6 million in 2023 to $48 in April 2026, forcing layoffs and restructuring. EIP-4844 cut Starknet fees, compressing income despite $242 million TVL, reshaping L2 economics. CEO, Eli Ben-Sasson plans pivot to apps unit in 2026, aiming to build sustainable revenue streams. Starknet Revenue Declines as Starkware Shifts Strategy Starkware is cutting jobs and reorganizing its business after a steep collapse in revenue from its Starknet network, underscoring mounting pressure on blockchain infrastructure firms to generate sustainable income. The company said it…

Clearbank Europe Becomes First Dutch Credit Institution Licensed as EU Crypto Provider – Crypto News Bitcoin News

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Key Takeaways: Clearbank Europe became the first Dutch credit institution to complete MiCA’s CASP notification process on April 9, 2026. The approval enables Clearbank Europe to offer EURC and USDC stablecoin access through Circle’s Mint platform to EU clients. CEO Tristan Kirchner says Clearbank Europe plans to expand digital asset clearing as MiCA deadlines approach across the EU. Clearbank Europe Wins CASP Status, Targets Cross-Border Stablecoin Payments in EU The Amsterdam-based subsidiary of Clearbank Group announced the milestone through the company’s official website. The Dutch Authority for the Financial Markets,…

Kraken Targeted by Extortion Group Threatening to Leak Internal Support Videos – Crypto News Bitcoin News

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Key Takeaways: Kraken’s Chief Security Officer Nick Percoco confirmed on April 13, 2026, that the exchange will not pay extortion demands. Two insider incidents in February 2025 and early 2026 exposed limited support data from roughly 2,000 Kraken accounts. Kraken is coordinating with federal law enforcement across multiple jurisdictions and believes enough evidence exists for arrests. Kraken Coordinates With Law Enforcement After Criminal Group Demands Payment Over Leaked Videos Chief Security and Information Officer Nick Percoco disclosed the extortion attempt in a post on X. He stated that Kraken’s core…

Bitgo Prime Expands Liquidity Network With New Regulated European Provider – Crypto News Bitcoin News

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Key Takeaways: European provider tradias joined Bitgo Prime’s liquidity network on April 13, 2026, expanding institutional crypto execution access globally. Bitgo (NYSE: BTGO) trades near $9.47, roughly 47% below its January 2026 IPO price of $18.00. The tradias-Boerse Stuttgart Digital merger, pending regulatory approval, could reshape European crypto infrastructure in 2026. Bitgo Expands Prime Liquidity Network The move connects tradias, a regulated crypto-asset services provider, to Bitgo Prime’s single-access aggregation platform, which links institutional clients to exchanges, market makers, and counterparties worldwide. Bitgo Prime consolidates that access to help clients…

American Bankers Association Warns White House Is Underestimating Stablecoin Yield Risks to Lending and Deposit Stability – Featured Bitcoin News

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Key Takeaways: American Bankers Association warns stablecoin growth to $2 trillion could drive deposit outflows. White House study finds a 0.02% lending lift, signaling minimal near-term impact. Community banks could face up to $8.7 billion in lending decline in some states as stablecoin adoption expands. Stablecoin Yield Debate Raises Banking Risks Yield-bearing stablecoins are emerging as a direct threat to traditional banking models, creating a policy deadlock over financial stability and innovation. The American Bankers Association (ABA) challenged a White House-backed study by the Council of Economic Advisers (CEA) on…