Thursday, March 28, 2024
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HBAR, OP, INJ and RUNE flash bull signals as Bitcoin price looks for stability

Trader sentiment has turned bearish following Bitcoin’s (BTC) 11% slump this week. Although Bitcoin is taking support near $25,000, several analysts are factoring in another leg down toward the crucial $20,000 level.The weakness is not limited to the cryptocurrency markets alone. United States equities markets also witnessed a losing week.

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Financial Stability Board Calls for Tougher Global Crypto Norms After FTX, Celsius Scandals

The Financial Stability Board (FSB), which groups regulators from some two dozen jurisdictions, including the U.S., EU, China and the U.K., published recommendations to ensure “consistent and comprehensive” regulation of the sector. The recommendations build on proposals originally floated in October and are focused on preventing the kind of behavior

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Tether boasts of its financial stability after strong profits, money moved out of banks

Stablecoin operator Tether Holdings pulled over $4.5 billion out of banks in the first quarter of 2023, causing a “substantial reduction” in counterparty risk, the company reported in a post touting its latest attestation by BDO Italia. Tether’s market capitalization grew from $66 billion to over $82 billion in the first

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IMF Says Zimbabwe Gold-Backed Digital Currency a Potential Threat to Financial Stability – Africa Bitcoin News

The International Monetary Fund has urged Zimbabwean authorities to weigh the benefits versus risks of issuing a gold-backed digital currency. Instead of using gold-backed digital currency to limit the demand for the greenback, the global lender said monetary authorities should consider liberalizing the foreign exchange market. Risks to Macroeconomic and

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Stability AI launches StableLM, open-source alternatives to ChatGPT

The large-language-model sector continues to swell, as Stability AI, maker of the popular image-generation tool Stable Diffusion, has launched a suite of open-source language-model tools.Dubbed StableLM, the publicly available alpha versions of the suite currently contain models featuring 3 billion and 7 billion parameters, with 15-billion-, 30-billion- and 65-billion-parameter models

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US Treasury’s Financial Stability Oversight Council held unscheduled, closed meeting

The United States’ most powerful financial regulators gathered on March 24 by video conference for an unscheduled, closed meeting of the Treasury Department’s Financial Stability Oversight Council (FSOC), the department announced in a statement. Treasury Secretary Janet Yellen convened the meeting.Details were sparse in the Treasury statement, but it said

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