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Economists at Deutsche Bank foresee 175 basis points in rate cuts in 2024. According to economists at Deutsche Bank, already in the first half of 2024, the Fed (Federal Reserve) is likely to cut rates quite aggressively. The new report suggests that we will see 175 basis points in rate cuts
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Deutsche Börse intends to further use cloud computing to accelerate the development of its digital post-trading platform D7 and a crypto trading platform to ensure sustainable future growth prospects. The Web3 market and blockchain technology have triggered a fast shift in the global financial system from the traditional stock market to
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As blockchain technology continues to mature, Deutsche Bank and Standard Chartered’s initiative offers a promising vision of the financial world’s future. German banking giant Deutsche Bank (ETR: DBK) and Standard Chartered’s SC Ventures have begun testing the UDPN, a system that promises to ensure seamless communication and interoperability between various digital
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Deutsche Bank and Standard Chartered’s SC Ventures are testing a system that will allow blockchain-based transactions, stablecoins, and central bank digital currencies (CBDCs) to talk to one another, taking an approach similar to the SWIFT messaging layer in legacy banking infrastructure. The banks are running a series of test cases,
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The UDPN’s transaction nodes are where the magic happens, being connected to currency systems and currency pools,” Schacher said in an interview. “The way to envision it is each currency needs a transaction of its own, so to speak. This could be central banks in the future, owning transactions and
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Thanks to its stellar financial performance in the third quarter, the bank has raised its full-year outlook for 2023. Shares of German banking giant Deutsche Bank (ETR: DBK) surged by a remarkable 7% on Wednesday morning following the company’s stellar Q3 2023 performance that exceeded market expectations. Despite an 8% decline in
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To demonstrate the potential of UDPN, Standard Chartered’s SC Ventures and Deutsche Bank conducted a trial. Standard Chartered’s SC Ventures and Deutsche Bank have achieved a significant milestone by completing the first Proof of Concept (PoC) for the Universal Digital Payments Network (UDPN). This groundbreaking initiative aims to revolutionize the way digital
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According to the DOJ, Russell defrauded at least 29 investors from the scheme of around $1.5 million. The United States Department of Justice (DOJ) has announced that Rashawn Russell, a former Deutsche Bank investment banker and registered broker, has confessed to participating in a fraudulent crypto scheme called the ‘R3 Crypto
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A former Deutsche Bank investment banker — who was charged earlier in 2023 in relation to a fraudulent cryptocurrency trading scheme — has pleaded guilty to investment fraud and could face up to 30 years in prison.According to a Sept. 19 statement from the United States Department of Justice (DOJ),
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Deutsche Bank will provide secure storage solutions for institutional investors to address crypto investment concerns. This development could impact established and emerging projects like Tron (TRX) and Domini.art (DOMI). Domini.art is a platform that uses blockchain technology and traditional art practices to offer services in the decentralized finance (defi) industry. It
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