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Nigeria’s eNaira central bank digital currency (CBDC) is over a year old, and the International Monetary Fund (IMF) has a late birthday present for it, in the form of a working paper assessing its first year of performance. “Laudable,” said IMF researchers, but there were a few suggestions too.The eNaira was
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Walmart “leveraged expenses and expanded operating margin” in Q1 2023 and now expects a 3.5% increase in consolidated net sales for the year. Walmart Inc (NYSE: WMT) has raised its 2023 full-year guidance following its stellar Q1 earnings report. On Thursday, the multinational retail corporation reported better-than-expected revenue, which was boosted by grocery and
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Some of the services built atop Ethereum – which hosts a multi-billion-dollar network of financial infrastructure and other applications – were forced to modify operations as a result of today’s finality issues. DYdX, a leading decentralized exchange platform, says it paused deposits temporarily due to the lack of Ethereum finality
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“In considering CBDC, you first have to identify your motivation based on either severe market failure or a very strong policy objective,” Szombati said, adding that getting more people into the financial system could offer one incentive, with 13% of Hungarian adults not having bank accounts. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Ordinal Token (ORDI) has made history by recording a staggering $93 million trading volume within just 12 hours after its first-ever centralized exchange (CEX) listing. The massive trading volume marks a major milestone for the
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Warren Buffett, CEO of Berkshire Hathaway and one of the most renowned investors in the market, stated that he saw no viable option to become the world’s reserve currency besides the U.S. dollar. However, he warned about the dangers that printing too much money could bring to the strength of
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Satellite TV provider DISH fell short of EPS and revenue expectations for Q1 2023 amid its sustained stock devaluation troubles. DISH Network Corporation (NASDAQ: DISH) has published Q1 2023 numbers that missed earnings per share (EPS) and revenue estimates. The satellite television and telecommunications company’s reported EPS for the first quarter
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Due to its commendable Q1 2023 streaming numbers, Warner Bros. Discovery expects its streaming business to stay profitable this year. On Friday, May 5, Warner Bros Discovery (NASDAQ: WBD) reported its Q1 2023 earnings before the bell that came in mixed. For instance, the media and entertainment giant reported a significant overall loss despite
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The crackdown has increased pressure on crypto firms, JPMorgan said, but more importantly there is still no clarity on important issues such as ether’s (ETH) status as a security, which will ultimately impact the cryptocurrency’s demand and liquidity. Source
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International Monetary Fund (IMF) Managing Director Kristalina Georgieva expects “more vulnerabilities” in the U.S. banking sector amid a growing de-dollarization trend worldwide. “There has been a gradual shift away from the dollar,” the IMF chief acknowledged. U.S. Banking Crisis Continues The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, talked
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