PRESS RELEASE. Rexas Finance (RXS), a pioneer in real-world asset (RWA) tokenization, has just announced the date for its highly anticipated presale, set to begin on September 8th, 2024. With its groundbreaking platform that merges blockchain technology, smart contracts, artificial intelligence (AI), and decentralized finance (DeFi), Rexas Finance is revolutionizing the way assets are managed, …
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Peter Schiff, Chief Economist and Global Strategist at Europac, has criticized the lack of coverage that major economic media outlets have given to the recent surge in gold prices to record highs. However, Schiff characterized this lackluster coverage and the absence of experts addressing this subject as “bullish.” Economist Peter Schiff Blasts Economic News Sites …
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A U.S. congressman has introduced the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act (BRIDGE Act), aimed at improving collaboration between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on digital asset regulations. The bill proposes forming a Joint Advisory Committee to unite both agencies and …
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According to a recent report, OpenAI is currently trying to raise funds from private investors at a $150 billion corporate valuation.
Investor and former crypto analyst at ARK Invest Chris Burniske says that digital assets are showing subtle signs of an early bull market move. Burniske, a partner at venture capital firm Placeholder, says that modest rallies amid bearish market sentiment bode well for crypto assets. “Continuing to see subtle green shoots, while public sentiment remains …
A digital assets advocacy group backed by Coinbase is launching a multimillion-dollar legal defense fund for non-fungible token (NFT) projects. In a new thread on the social media platform X, Stand With Crypto says it’s starting an NFT defense fund with investment firm Andreessen Horowitz (a16z) and NFT marketplace OpenSea to assist artists against “misguided” …
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Artificial intelligence is fueling billions of dollars in losses to scams as criminals clone people’s voices to compromise credit cards and bank accounts. The classic scam where victims receive a call from a loved one asking for money is far easier with AI, WBTV reports. Cybersecurity expert Thomas Hyslip, who spent two decades in federal …
Bitcoin’s rally above $60,000 could trigger buying in FET, SUI, AAVE, INJ and other altcoins.
The campaign released a statement on Sunday, Sept. 15 about the incident, which the Secret Service says occurred around 2 PM EST.
JPMorgan Chase CEO Jamie Dimon just issued a fresh warning on the state of the US economy. At a New York conference from the Council of Institutional Investors covered by CNBC, Dimon warned that ongoing “inflationary forces” like rising deficits could trigger a worst-case economic outcome. “I would say the worst outcome is stagflation – …
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Disgraced FTX founder Sam Bankman-Fried is calling for a new trial, alleging that everyone including the presiding judge had already presumed his guilt before his legal battle even started. In a new filing with the US Court of Appeals for the Second Circuit, lawyers for Bankman-Fried say that their client witnessed nothing but one-sided rulings …
The US is spending a huge amount of cash per day just to cover interest on the national debt, according to the chief economist at the multinational investment giant Apollo Global Management. Citing data from the Treasury Department, Apollo’s Torsten Sløk says the US government is now spending an average of $3 billion in interest …
According to Visual Capitalist, Amazon Web Services, Google, and Microsoft collectively control roughly 74% of the public cloud market.
Hackers and fraudsters are attracted to crypto like flies to honey. This makes crypto custody a high-stakes business, as opposed to custodying traditional assets like stocks and bonds, which is considered to be a crucial but fairly straightforward job. The high stakes come with the high risk of safeguarding crypto, which in turn makes crypto …
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An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing accounts entirely disrupts livelihoods and called on investigative agencies to …
