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The United States Federal Reserve has determined that all 23 of the country’s largest banks would be able to survive a severe recession following its “stress tests.”The report issued on June 28 also showed relative weakness among the midsize and regional banks. However, the stress test only required the 23
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Mizuho Bank said that it will use the AI tool in the bank’s brokerage unit. The Japanese banking giant will conduct an “ideathon” next month and brainstorm various ways to experiment with the technology. On Tuesday, June 27, Japan’s third-largest banking institution Mizuho declared that it will allow all of
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The Google Cloud Anti-Money Laundering AI focuses on retail and commercial banking to accelerate risk detection. The rule-based transaction monitoring used by financial institutions to identify money laundering is about to be disrupted by Alphabet Inc’s (NASDAQ: GOOGL) Google Cloud Anti Money Laundering AI. After a successful trial period with London-based
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Following a successful Project Rosalind CBDC test, the BoE is making progress with developing and launching a digital pound. The Bank of England (BoE) is moving closer to launching its Central Bank Digital Currency (CBDC) after its long test project on the potential benefits of the technology. The BoE launched Project
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“I think if you look across the range of experiments that we have done in the Innovation Hub, increasingly in the CBDC space, whether it's wholesale or retail, we are experimenting and exploring different dimensions, [such as] cross border, offline, security,” Hopwood Road said. Source
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The Society for Worldwide Interbank Financial Telecommunication (Swift) and blockchain data provider Chainlink will work with more than 12 major banks across the world to test the use of existing Swift infrastructure to transfer tokenized assets across public and private blockchain networks, Swift said on Tuesday. See related article: SWIFT, Chainlink
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In a new set of experiments, Swift will partner with major TradFi institutions like Australia and New Zealand Banking Group Limited (ANZ), BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear and Lloyds Banking Group. The goal is to test how these institutions can use the Swift's infrastructure to instruct the transfer
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Bitcoin (BTC) fell to multi-day lows at the June 5 Wall Street open as action heated up on exchanges.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewVan de Poppe: Trend line failure could mean "bottom isn't in yet"Data from Cryptox Markets Pro and TradingView showed BTC/USD wicking to $26,640 on Bitstamp.Down
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A team of researchers from Friedrich-Alexander-Universität Erlangen-Nürnberg recently published a paper detailing methods investigators and courts can use to determine the validity of deanonymized data on the Bitcoin (BTC) blockchain.The team’s preprint paper, “Argumentation Schemes for Blockchain Deanonymization,” lays out a blueprint for conducting, verifying and presenting investigations into crimes involving
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American spaceflight company Virgin Galactic has announced preparation for a highly anticipated milestone as it prepares to launch its first spaceflight in nearly two years. This crucial flight serves as the Virgin Galactic Holdings‘ (NYSE: SPCE) final test before the company begins flying commercial passengers, marking a significant step forward in
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