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The United Kingdom’s global summit on artificial intelligence (AI) safety, “AI Safety Summit” began on Nov. 1 and will carry on through Nov. 2 with government officials and leading AI companies from the world in attendance, including from the United States and China. U.K. Prime Minister Rishi Sunak is hosting the
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Federal Reserve chair Powell speaking at Jackson Hole doubled down on keeping financial conditions tight, including hiking interest rates further if needed. Source
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Larry Fink, the CEO of BlackRock, has delivered pro-crypto remarks amid the asset manager applying to list a spot Bitcoin exchange-traded fund (ETF) in the United States.Speaking on Fox Business on July 5, Fink said the role of cryptocurrency was largely “digitizing gold”, suggesting U.S. regulators consider how an ETF
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Kia ora kotou katoa. That’s a greeting in te reo Maori, the Maori language of my homeland, Aotearoa New Zealand. Thank you for the kind invitation from the Chair to speak before this Committee. I am pleased to be here as the UK’s regulator for data protection. My principal reason for being here is
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DFD Partners' Little was pessimistic about crypto prices continuing to climb, saying that bitcoin would likely sink to the $12,000 to $13,000 level before topping $22,000, a level it last reached in October. "It's going to be on the back of what are the other contagion impacts, around this particular
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The crypto community has witnessed another price plunge after the just concluded Federal Reserve annual meeting. Many investors already anticipated a new turn in asset prices after Jerome Powell spoke on the approach to combat inflation. But from the turn of events, Powell tipped the scale against investors’ expectations. As
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“The stock market had not priced this in except the last couple of days and it’s because the risk was that they would be hawkish, not the belief,” Bob Iaccino, chief strategist at Path Trading Partners and co-portfolio manager at Stock Think Tank, told CryptoX. Source
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A day after the U.S. Federal Reserve chair pledged to keep tightening monetary conditions until inflation comes down, analysts and traders from crypto to stocks and futures were assessing the economic impact, from higher mortgage rates to lower company earnings. Source
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The leading cryptocurrency changed hands near $42,700 at press time, a gain of about 4% on the day. A drop to $41,000 after Powell's comments was short-lived, and the prices rose to $43,350 early today. Futures tied to the S&P 500 are pointing to a 0.32% gain. The index was
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Stocks are in rally mode as well, with the Nasdaq – down nearly 3% at its worst levels – currently up 2.4%. The S&P 500 is now ahead 0.6%. Paring earlier gains in a big way is gold, which is off about $100 from the morning hours, and now down
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