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Tag Archives: News

The Treasury Wants to Regulate Crypto… And Fast

The U.S. Treasury has warned that unregulated cryptocurrencies could come back to haunt the United States and its financial workings. The Treasury Is Terrified of Crypto The Treasury has been engaged in digital currency research for some time given that back in March, Joe Biden issued a crypto executive order calling for all financial agencies within the United States to examine and explore the risks and alleged advantages associated with digital currency assets. The...

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Engiven and Secure Give Partner to Enable Church Crypto Donations

Leading crypto donation platform Engiven is keeping up its current trend of being the ultimate church donation company by partnering with Secure Give, which manages church donation applications. The latter has selected Engiven to enable more people to give money to their favorite religious institutions. Engiven and Secure Give Work Together James Lawrence – co-founder and CEO of Engiven – stated in a recent interview: Secure Give has been a pioneer in church giving...

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Deutsche Bank Records 9th Straight Quarterly Profit in Q3 2022 Report

German financial multinational Deutsche Bank says it is “well on track to meet 2022 goals” following a sound Q3 2022 outing.Deutsche Bank recently posted its Q3 2022 financial report, which logged its ninth consecutive quarter of profit. For the third quarter, the Frankfurt-based German banking giant comfortably beat the projected estimates of analysts. Deutsche Bank reported 1.115 billion euros ($1.11 billion) in net income for the period ended September 30th, compared to analysts’ estimate...

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Barclays Bank Posts Better than Expected Net Profit in Q3 2022

Barclays’ resilient performance in Q3 is a testament to the bank’s highly diversified business model and income streams despite notable economic headwinds that played out.British multinational banking giant Barclays PLC (LON: BARC) has posted a better-than-expected net income following the release of its performance report for the third quarter (Q3). Despite the currently harsh economic climate and the political instability in the United Kingdom, Barclays posted a net profit attributable to...

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Telegram’s Toncoin (TON) Up 17% as Rival WhatsApp Crashes

TON may be the highest gainer for today, having surged by over 17%, but it is not the only coin surging at the moment.It appears that the Telegram-based Toncoin (TON) cryptocurrency is riding on the waves of rival WhatsApp’s recent misfortune. This follows after the cryptocurrency started seeing gains following the earlier crash of WhatsApp messenger.  As of publication, Toncoin (TON) is up by over 17% in the last 24 hours, per CoinMarketCap data.It is noteworthy, however, that the impact of...

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Crypto Market Jumps Past $1 Trillion Milestone Once Again in Recent Rally

Ethereum (ETH) has emerged as the top performer in the top ten crypto-list gaining over 14% and moving past $1,500 for the first time since the Merge event.On Tuesday, October 25, the broader crypto market made a sharp rally surging past more than 5% and above the $1 trillion market cap. As of the press time, the broader cryptocurrency market is up 7% with a combined market cap of $995 billion.The world’s largest cryptocurrency Bitcoin (BTC) has also gained 7% and is currently trading at...

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Adidas Terminates Its Partnership with Ye Over Antisemitic Comments

The fact that Adidas was bold enough to cut its ties with Ye is considered a positive deterrent and a strong message, particularly to superstars who exhibit racist tendencies.German multinational clothing, shoes, and accessories brand Adidas AG (ETR: ADS) has ended its corporate partnership with Ye, also known as Kanye West, over the rapper’s anti-semitic rhetoric. The cutting of ties has been devastating for Ye as Forbes noted that the deal halt has cost him his billionaire status.“Adidas...

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Twitter Is Struggling to Keep Its Most Active Users According to Internal Research Documents

An internal document has shown that the number of active users on Twitter is continuously reducing and could affect revenue.According to information obtained by Reuters, Twitter (NYSE: TWTR) is in a bit of a bind as it is struggling to retain its most active users. The number of most active users, or “heavy tweeters” is declining, a major challenge for the social media platform.Reuters says internal Twitter research shows that heavy tweeters post more than 90% of all tweets even though they...

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Microsoft Stock Takes Hit Following Weak Fiscal Second Quarter Guidance

Microsoft provided weak guidance on its next fiscal quarter primarily due to its lagging cloud business Azure.Shares of Microsoft (NASDAQ: MSFT) declined 7% in Tuesday’s extended trading after the company projected weak quarterly guidance. On its latest earnings call, the tech giant reported that its fiscal first quarter had cloud revenue coming in lower than expected. However, Microsoft beat analysts’ expectations on the top and bottom lines.For instance, the tech giant reported a revenue...

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Crypto Firm Seba Bank Launches NFT Custody Despite Current Market Woes

The new NFT custody platform from Seba Bank is designed to let users securely store their NFTs without having to deal with managing their own private keys.Seba Bank has launched its first NFT service, an institutional-grade, certified, and independently audited hot and cold storage custody product for blue-chip NFTs.The new service will now enable the Swiss bank’s retail and institutional clients to store tokens of Ethereum-based NFT collections including Bored Apes and CryptoPunks in the...

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